Long-term security – Whether you’re planning on buying a house to live in or rent out, real estate has always been considered a long-term investment because home prices (typically) appreciate over time. Rather than spend money on increasing rent, you can be sure your mortgage will remain the same.
Passive Income – If you’re able to rent out your investment property then the rent checks that come in each month are what would be considered passive income. You’re not necessarily having to work for that money, yet you’re building wealth while appreciation builds over time.
Great Returns – If you purchase a property that is sure to appreciate over time, in several years you can end up making a profit. If you’re unsure of whether it will be a good investment, talk to your real estate agent. They will know the neighborhood market trends and should be able to give you an idea of how much it will appreciate and how long you should hold onto it before trying to sell.
