Rental Income: Apartments can provide a steady stream of rental income, especially in high-demand areas. This can be a reliable source of passive income.
Appreciation: Like any real estate investment, apartments have the potential to appreciate over time, increasing the value of your investment.
Diversification: Real estate can be a good way to diversify your investment portfolio, reducing risk compared to investing solely in stocks or bonds.
Tax Benefits: There are several tax benefits associated with owning rental property, including deductions for mortgage interest, property taxes, and depreciation.
Hedge Against Inflation: Real estate tends to appreciate in value over time, often keeping pace with or exceeding the rate of inflation.
Control: Unlike other types of investments, you have more control over the performance of your investment property, such as by making improvements to increase its value or by selecting tenants carefully.