Which of the two is the better investment? Buying apartments located in a place where you'll easily find tenants guarantees you some monthly income for an indefinite time. And if you wish to sell the apartments, you could and make some profits off the sale too. With houses though, it might take a while to find a buyer and while yes you'd still make a profit, you never know how long you'd have to wait before the house is sold . . . Thoughts?
For rental purposes, I would prefer to have an apartment. It's actually our plan when I retire from my job and get my retirement fee. We would invest that money in an apartment so we can have a regular income. However, we can also go with a house because over here, the house is easier to sell than an apartment and it can also be rented out although on a much higher rent. And in fairness to the house, the tenant would be in the upper bracket than the apartment dwellers.
For a place to live myself I'd choose an apartment, but in general I think a house is a better investment opportunity. With a house there's a couple of ways to go, either rent it as a family home, or sit it into flats, or if your living in the place yourself, then you can rent out any so are rooms you have, also the resale value is usually slightly higher on a house.
I guess it is the apartment most suited when you plan to rent it out. At least you have the privacy. That is the purpose of the Duplex type. There are duplex homes here mostly owned by retirees - one door is rented out while the other door is where they live. One owner said that if you are practical with your retirement benefits (money from the office) then build a duplex. And if you have more than enough for a duplex then build a 4-door apartment that will take care of your daily expenses.
It depends. Houses are, usually, better for flipping, especially if you renovate or upgrade them a bit. Usually, in a good economy, houses can be sold quicker (at least in my country) for a bigger profit. On the other hand, if you're looking forward to renting, profit will come slowly but steadily. However, keep in mind that there will always be problems with the renters, but also with the building/apartments. Pipes will burst, renters will flee without paying and so on.
I wish I could live in a house, but as I live in a big city I can't afford a house in the center, so I live in an apartment. It's way more convenient to be close to everything, it saves me a lot of time.
It really depends on the location and other things. But I would prefer to go with apartments. Easier to maintain (and less maintenance fees), easier to find tenants as they are cheaper and of course the $$$ required is less... this also means that with a lot of money you could diversify into 2-3 different apartments instead of one house. And I just love diversification, especially if your own income is dependent on what you get from these investments.
I know a lot of people who rent apartments and it seems to work out well for them. Rentals that are in a tourist area, like a ski resort town or a beach town seem to do well. It is up to the person who rents them as to what they charge and when of course. It seems like in many cases with houses you may have less transition of your renters than you would with apartments, unless it is a beach house or something like that, which people often times rent by the week.
My husband dreams of an apartment in a resort. He once had asked around when we were in a beach resort in a nearby coastal province. We liked the place because of the clean environment. But lo and behold, the price of land is exorbitant. The lowest quoted to us was 5 times of the cost of a lot here in Metro Manila. Aside from not being able to afford the lot, it is not profitable anymore if it would be used in business particularly an apartment. But we may be looking for other land in some other resorts that we would go to in the future. An apartment in a resort can be rented higher than in the city.
Ever tried to buy an apartment in some resort towns in Europe? For instance, in Sunny Beach, Bulgaria, a 2 bedroom apartment costs about $30,000. Obviously, the apartment will be rented mainly on summer, but even so, it's still a good investment in my opinion. Sunny Beach is really close to Nessebar and is a beautiful place that I would gladly visit again.
