Benefits of Investing in an Apartment
Post by : favouritehomes
While inflation is going north, so are homes. Vertical homes have been the in-thing for about two decades now and builders are adding more and more features every year to them to make them even more attractive, both as investments as well as homes to settle down in.
Investing in an apartment is one of the best ways of multiplying your capital as it comes with a plethora of benefits. The first being that you don’t have to worry about any of the details that go into its maintenance. The caretaker committee sees to it that everything in the apartment complex is running smoothly, right from the elevators to utilities like water, electricity or reticulated gas. The amenities are also taken care of, all you have to do is enjoy them; the gardens are manicured professionally, the swimming pools are cleaned and the environment is kept neat and tidy. Garbage is taken care of, and security is multi-level with most modern apartments offering CCTV cameras, door video phones, aside from the security guards at the cabin.
Living in apartments is great for those who are often away from home and have to leave their property and family members alone. It’s also easier to give out for rent in case you are going to be away from the city for a prolonged period of time, or if you have just bought it for purposes of a second income in the form of rent. Independent villas can’t be left alone for long without being vandalized and are also difficult to give out for rent, comparatively speaking.
The best part about giving an apartment out for rent is that you can pay your home loan EMIs using the rent collected and yet have an apartment to call your own at the end of the day! And in case you want to re-sell, there is always a larger pool of buyers for apartments. Aside from all this, apartments are also easier on the pocket, so lower down-payment is needed. Bank loans are also easier when buying apartments.
The good thing about apartments is that they come in varying sizes like 1BHK, 2BHK, 3BHk or even 4BHK, depending on the needs and size of the owner’s family. Usually, 2BHK is the most preferred when giving out for rent. And with most apartment complexes being located within the city, accessing the various facilities and features that the city offers, become easier too.
Apartments are physical assets and not just some piece of paper that claims itself to be an asset and are considered as an excellent inflation hedge. A hardcore truth of owning real estate is that the investment property always gains value over time through market appreciation. So go ahead, and invest with an open mind in apartments.