Looking to make a rewarding investment that provides long term stability and profits? Apartments are the ideal choice and here’s more on what you need to know.
While living in cities is popular and convenient, due to the increased demand, housing is very expensive. That said, apartments provide a more cost-effective and affordable real estate investment opportunity, well-suited for first-time investors. Properties like TRI-ZEN that offer smart apartments in the heart of the city are an example of such ideal options that provide greater returns too.
City apartments for living in Colombo for example, have mass appeal and will attract a diverse cross-section of buyers and this is something that will only grow over time. What this means for you as an investor, is that due to the increased demand and competition, the property price will be driven even higher and provide a tidy profit when it’s time to sell.
Passive Income & Cash Flow
Passive income refers to earning income without getting actively involved which is exactly what happens when you charge rent; this steady income will continue potentially for life or till you sell your apartment. Additionally, the net income or cash flow you earn after you deduct any expenses, taxes or mortgage payments will be higher over time as well.
Appreciation of the Apartment
Due to factors like the rise in demand for land, real estate in a central city location and inflation, the value of your apartment will increase as time goes by. This leads to an appreciation of the property where it will be worth much more than when you purchased it; as it appreciates more, so will the profit you make when you decided to sell it.