Potential for long-term appreciation
Firstly, property values tend to increase over time. Similarly, this means that investing in property can provide long-term capital appreciation.
Passive income
Real estate can provide a steady stream of passive income in the form of rental income. Furthermore, you can use this income to pay off the mortgage or other expenses or reinvest to purchase more property.
Tax benefits
There are several tax benefits associated with investing in property. And, this includes deductions for mortgage interest, property taxes, and depreciation.
Diversification
Investing in property can be a way to diversify your investment portfolio and reduce overall risk.
Inflation hedge
Real estate tends to be a good hedge against inflation, as property values and rental income tend to increase with inflation.
Tangible asset
– Lastly, the property is a tangible asset that can be seen and touched. Additionally, this can provide a sense of security and stability.