The time has finally come, you have already planned to acquire a property, with this decision surely many doubts have arisen, the most common one is, which is better for me, house or apartment? The answer will depend on different factors, but don't worry, at Gova, we will help you make a better decision according to your needs. We will show you the advantages of investing in buying a house or an apartment.
Investing in real estate is one of the smartest ways to protect your money in the long run, and you can even have an income in the future. This is a popular trend that many families are following in order to generate extra income without investing a lot of time.
To be able to take the right decision it is necessary that you know which are the benefits if you decide to buy a house or an apartment, here we list some of them:
In general terms, houses usually offer a higher long-term capital growth than apartments because land appreciates in value over time.
Houses allow much greater control over renovations than apartments because it is not necessary to obtain approval from the corporate entity.
At the same time, houses provide the opportunity to subdivide or build an extension, subject to board approval. Renovations will also add value to the property.
If you wish to purchase to sub-lease, houses generally attract tenants such as families and couples, who are generally more reliable and are likely to stay for a longer period of time.
Tenants with pets generally prefer to rent a house because of the yard space and the lease terms are more flexible. Research shows that renters with pets on average have a longer tenancy than those without pets, probably because it can be very difficult to find pet-friendly rental housing.