Single Family Home Vs. Los Angeles Apartment for Rent – What’s the Better Investment?
Are you struggling with deciding if you should buy a single-family home or a Los Angeles Apartment for rent?
This is a great question to ask because there are lots of single family homes for sale right now and it’s easy to think that buying a single-family residence would be a better investment than an apartment.
In this article, we will break down single-family homes versus apartments just so you will know what’s the better investment
Yes, it’s true that single-family homes make great investments especially in Southern California where home values have skyrocketed in the last 5 years.
Owning a single-family home is a good investment to make because you can often rent the house out for more than what you could rent an apartment for.
Single-family homes typically come with great financing options and there are often fewer expenses than what you might have with owning an apartment in Los Angeles.
Apartments are one of the best real estate investments to make in Southern California because there is often more of a demand for apartments than there is a demand for single-family homes.
Your goal with buying an apartment should be to purchase a unit that’s close to downtown, shops, stores and other hot spots because you will be able to attract more people who want to be close to everything compared to single family homes which are often not close to town.
Which Investment Is Better?
The question of is an apartment a better investment than a single-family home totally depends on your personal financial situation.
Either way, the best thing to do when buying a new rental property is to hire a property management company to professionally manage that property for you because this will save you the time, money and hassle of managing the property yourself.