1. Security and stability
First and foremost, property is almost always in demand, since everyone needs a place to live. Although the real estate market is notoriously volatile, it is less affected by market fluctuations and provides more consistent income. Compared to other types of investments, this is usually more secure and stable land.
There is a high demand for housing, which means that an investment property can provide you with a steady stream of passive income. This is especially true if your salary income is higher than your monthly payments and maintenance costs. You can also use your salary income to pay off the mortgage and any other expenses that arise.
3. Tax benefits
You can also enjoy tax deductions that allow you to maximize your tax return on investments. For example, any expenses you incur in the day-to-day running of your rental property must be included in your income, e.g. reduce your taxes.
4. Long-term savings
In the long run, the value of your home sales should increase, as well as your rental income, if your property is in a high-rise area. You should also increase your spending, which you can use to expand your investment.
While there are clear benefits to investment property, there are also problems. Here’s a quick look at bad investment properties: