Quick Answer: Is Getting An Apartment A Waste Of Money?

Is renting dead money?

Renting is surrounded by the stigma of being ‘dead money’, purely because the renter doesn’t own the deeds to the property.

Yes, your landlord does take a lot of money from you each month.

But that doesn’t mean that the money you pay is dead money, as renters actually get a lot of benefits that seem to be overlooked..

Do apartments hold value?

Apartments and townhouses appreciate in value over time. Investing in property is all about buying a property that will appreciate in value over time and deliver capital growth and good returns. It is not about just investing in one particular type of property such as houses because of the land content.

What is the life span of apartment?

50-60 yearsIdeally, the average lifespan of any concrete structure is 75-100 years. But, it is considered that the average life of an apartment is 50-60 years while of a house it is 40 years.

Is apartment a good investment?

Apartments offer an affordable entry point for first time investors. The lower outlay means fewer risks and more investment choices. It also gives investors who are cashed up the opportunity to buy multiple apartments, enabling them to create a diversified portfolio and spread their risk.

Do apartment owners make good money?

In our portfolio, we average around $100 to $150 profit per unit per month, depending upon what market the asset is located, and how much debt is on the asset. For example, a twenty-unit property should deliver around $2,000 per month in positive cash flow.