Discover the Bright Side of Property Investment
With the prospect of mortgage costs falling through 2024, the property market is beginning to experience a resurgence in interest from investors and landlords.
Investing in property has again become an attractive proposition thanks to a combination of strong returns and long-term capital gain.
Portfolio diversification, including a variety of property locations, sizes and architectural styles, is a good way to ensure consistent financial return.
Many investors look at property in terms of receiving rent to help pay the mortgage while enjoying long-term capital gain benefits.
But it is also good to remember the positive benefits that being a landlord adds to the local community. Because while property investing is worthwhile for investors, there's an upside for tenants, too.
Easier access
As a landlord, you offer a low-barrier to entry to finding suitable living accommodation. For a tenant, this is a significant benefit compared to saving cash to qualify for a home loan.
The math
Recent research has shown renting is still cheaper than buying. The average home is worth $347,415 with a typical mortgage repayment of $1,925, up 9% since November 2022. Rents have increased 3.3% in that time. So, tenants are ahead financially.
Flexibility
The freedom to move around to find the ideal neighborhood is far greater when folks decide to rent rather than buy. Also, tenants can adapt faster if their lifestyles change, such as starting a family or facing employment troubles.
Maintenance-free
The cost, hassle and time required to maintain a property is not your tenant's problem. This is another significant benefit that you offer as a landlord. A survey by home service company Thumbtack found property owners spend $6,400 a year to keep a property shipshape.
Cash flow
Renting means tenants don't have to spend months or years trying to save for a deposit, and they don't have to worry about any mis-step with their credit rating.
Market moves
In today's market, buyers are concerned about paying too much for a property and then regretting their decision. While there is good capital gain in property in the medium to long term, this immediate worry is understandable. As a landlord, you make this risk go away for your tenants.
Unlock the Potential of Property Investment
As a landlord, you play a vital role in providing safe, comfortable, and affordable housing options for tenants while also reaping the rewards of property ownership. Whether you're an experienced investor or considering your first foray into real estate, the bright side of property investment offers countless opportunities for financial growth and community enrichment.
Ready to explore the world of property investment? Contact us today to learn more about our comprehensive real estate services and start building your investment portfolio with confidence.
We love nothing more than helping buyers and sellers achieve their home-buying and selling goals. If you’ve got questions, we can’t wait to answer them.
Stay up to date on the latest real estate trends.
Are you a homeowner in San Diego, CA, considering selling your property? You're not alone. However, it's common for sellers to grapple with fears and uncertainties alo… Read more
Are you feeling the weight of frustration as you embark on your journey to find the perfect home in sunny San Diego? You're not alone. The process of buying a home can… Read more
With the prospect of mortgage costs falling through 2024, the property market is beginning to experience a resurgence in interest from investors and landlords.
For many young Americans, the dream of owning their first home is within reach, especially with the prospect of falling mortgage costs on the horizon. However, diving … Read more
With so much focus on high mortgage costs, it's worth doubling down on some of the finer points of applying for a home loan. While the Federal Reserve's artificially … Read more
As we approach the most wonderful time of the year, the 10 days leading up to Christmas offer a canvas of opportunities to infuse every moment with joy, meaning, and h… Read more
The hustle and bustle of Thanksgiving has passed, leaving behind the warmth of shared meals and cherished moments. As we ease out of the holiday spirit and transition … Read more
Smart sellers make the most money when they put their property on the market, but their rewards don't come without effort. Since your property is likely your largest … Read more
America is suffering from a lack of properties for sale. Current housing stock on the market currently stands at 1.4 million properties, and it hasn't been this low si… Read more