Residential Property Investment

Over the years, the number of individuals and families who are living in rented accommodation continuously increases. With property prices and demand on the rise, going up the property ladder can be quite challenging. But we hope that this will not stop you from owning your own land and home. Whether you intend to use the property for personal or rental use, residential property is the best investment you can make. This is because it is a liquid asset, which value can appreciate over the years.

Best investment I’d made

As to what type of residential property you should investment into, the options are wide. The following are just a few of them.

Detached house. This is a traditional single-family house which give complete independence. Holiday houses are popular nowadays, so you can have this property on short-term rental if you intend to make money out of it.

Duplex. This is one of the very practical property investment you can make. You can live in the other part of the house, while having the other on rental. The income from rental can help you pay the mortgage, so the property’s monthly amortisation will not be that heavy on your part.

Condominium. A condo unit is a great alternative to individual home. Compared to a detached single-family house, a condo unit is more affordable to own and less expensive to keep because renovation and maintenance of the entire property is jointly funded by all condo-unit owners. Moreover, you can also gain substantial income from it when put on rent.