What To Consider If You’re Buying An Investment Property
- By
Julia Austin
Source: jhorrocks / Getty
Houses may attract better tenants
When we think of rental units, we may often think of apartments, townhouses, and condos, but there is a benefit to buying a house to rent out,” Head says. “Some buyers will gravitate towards single-family homes because they may believe, based on where they are geographically, they can be more popular. People tend to equate single-family homes with a different pride of ownership. They believe people will stay longer and take better care of the property. With single-family homes, the tenants may be coming out of an apartment for the first time. Or they sold their house and are renting again. If they’ve already been a homeowner, they have a different viewpoint on how to take care of your space.”
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