Ethics. A very familiar term which is often heard is relevance to the religious and social matters. You might also have attended the classes of ethics in high school. The same fundamentals and lessons are also applied in property investment. Property investment can be both ethical and non-ethical. Surprisingly, both are utterly acceptable as well as beneficial. It depends on the investor which path he wants to go on. Ethical property investment took significant shape a few decades back when the ethically incorrect and socially unacceptable activities were eliminated in one part of property investment whereas the same activities were normal in other properties. This kind of investment was given the name of ethical property investment.
What is Ethical Investment exactly? The name indicates strict obedience to ethics. At the time of making an investment, a contract is made which is supposed to be strictly abided by the receiver of investment. According to this contract, no unethical activities such as gambling, drugs, alcohol, pornography and weapon use will not be tolerated in the premises of the property. In the case of cheating or not abiding by the contract, legal actions can be taken by the investor.
Why does ethical investment even exist? There is a huge population which makes a big percentage of people belonging to different nations and religions that sticks to their social, cultural and religious values. They believe in investing their hard earned money into something positive so that there is no unethical deed existing under their responsibility. The strategy of doing well by investing in ethical means only provides a benefit both to the investor as well as the receiver. Gambling, drugs, alcohol, arms and pornography or prostitution is considered intensely wrong in most of the religions and cultures. No religion or social norm supports any of these. Thus, the ethical investor finds it essential to invest in all the right places because investing in the wrong ones would buy them guilt and grief. These unethical activities only bring social standards towards the decline of society and contribute in no positive way to society.
Where to do ethical investment? You can basically invest your money everywhere except in the places mentioned previously. From educational institutes, religious institutes, community centers, city infrastructure, offices to homes and social activities club you can invest wherever you want. The spectrum of investing money in unethical places in too broad so the variety allows you to invest anywhere you want. The restricted properties are a few so sticking to the restrictions is easier. Many investors find it difficult to stick to their ethics code because the temptation about investing and getting a huge profit is too strong to resist. Bars, clubs, and casinos attract a huge number of people. More people mean more money. More money means more profit. However, they have to pay a huge price for buying peace of mind. Thus, they fight against the temptation and stick to their code and avoid investing in unethical properties.
What benefits does ethical investment bring? The benefits are very loud and clear. Properties such as educational institutes and other institutes where religious activities are conducted get stronger and better with the investment. They get to provide the pupils and people better services with the amount of investment. Hospitals, pharmacies, orphanages and old age homes become succulent for meeting the requirements of people. Patients and old people are well taken care of and students are able to get educated in a healthy atmosphere. Also, investing in real estate provides more housing options for the homeless and refugees. There are only benefits and no loss!