Did you know that single family homes really do make the best investment properties? They do and here’s why.
Unless you live in a big city where people are looking more for condos or apartments, people wanting to rent look for a single family home. There is something more “family” feeling about living in a single family home than in an apartment.
Many families not able to buy a home
Despite the improvement in the real estate market, many families are still not able to buy a home. Yet they still need something larger than an apartment to house them. Two or more bedroom apartments are expensive to rent, sometimes even more so than a single family home.
Another good reason is invest in single family homes is that families or even singles living in a home tend to take better care of them. That means that your property will be better taken care of and will gain value while there would be fewer repairs.
Your investment into a single family home will also be smaller than into a multiple unit property. For first time investors this is important. Most first time investors don’t have as much capital to purchase a multi unit property.
Don’t think that you can’t get into real estate investments with single family homes, you can! See a Realtor and get started today.