Plots, Apartments or Homes: Which Is Better Investment Option?
Investing in real estate is one of the decisions that cannot be taken lightly, especially when we talk about increasing our profits. Now, one of the most common questions our clients ask is where is the best place to invest?
Although there is no general answer to this question, with this guide we help you make a better-planned decision, taking into account the benefits that characterize plots, apartments, and houses.
Is Buying Plots a Good Investment?
Plots are the most sought-after real estate option for investment, because among its advantages are the cost and, in some cases, it does not require a major investment, unlike a house or apartment.
Another advantage is that plots, depending on the area and the context in which it is located, such as roads and available services, easily increases their value in a period of 3 to 5 years. If you plan to acquire a property expecting its value to increase in the medium or long term, or to leave a property for an inheritance, a plot is an excellent option for your money to grow without spending so much time on it.
How Profitable is an Apartment?
If we begin to see options to invest in that are built, we will arrive at a simple and complicated question: buy a house or an apartment. An apartment has many attributes that make it an attractive product when investing in real estate and this is due to these main reasons:
It is a property focused mainly on people who are studying or working out of the city, or even young couples who are looking for a small and comfortable place. Thanks to this, these people usually rent the apartment, while they finish their degree or move to another region at work. If your financial plan is to get rental income, an apartment is an excellent investment option to generate income in the short, medium, and long term.
Is it Worth Investing in a House?
The traditional model that has been used for many years is the purchase of houses to rent or resell; however, the apartments have taken a bit of customers from the rental business. This does not mean that a house is not profitable, just that the trend and needs have changed.
A house is still a good investment model, but it becomes more relevant when it is in a new housing society because a higher return can be achieved. If you plan to prepare for retirement in a family environment, houses are a great opportunity to generate income during your youth and adulthood and, later, enjoy when it is time to retire.
Conclusion
Before making a decision, identify which is the best opportunity for you right now based on your plans and your financial resources. Whether to buy a house or plots to build your home, at Manahil Estate we have all the options and necessary details so that you can make the best decision.
