What is a Residential Investment Property and Why is it Important to You?
Residential investment property is, as its name indicates, residential property than an investor purchases in order to profit either by reselling or renting. There are typically three types of residential properties, each with their own potential investment risks and benefits. They are: Private Houses: An individual house on an individually owned plot of land. The value of a private house is typically high due to the space and privacy but precisely because of its higher price it is more likely to stay unoccupied and on the market for longer than ideal. There is also no mechanism to ensure it won’t depreciate due to neglect by its occupants save for what direct observation and attention the landlord can provide himself, which can be difficult if he or she has invested in multiple properties. Condominiums: A type of housing where part of the property (the house itself) is individually owned and the rest (exterior areas, internal roads) are owned commonly. The value of a condominium is ge
