The benefits of buying to rent out

Investing in property is considered a smart decision that has long-term benefits for your financial health. Whether you are looking to expand your investment portfolio or you are just starting out on your investment journey, buying to rent out is a lucrative option to grow your wealth. With the demand for apartments in Umhlanga continuing to rise year-on-year, now is the perfect time to consider Ridge Town Central as your Umhlanga investment.

 

When you buy to rent out, as long as you do your homework on the financial viability of the area, the building and the type of tenants you are likely to attract, you will be able to earn a reliable source of income that has the potential to grow. This analysis is incredibly positive when we look at the benefits of investing in the Umhlanga market which has expanded over the last few years, and is on track to continue appreciating in value. Our research indicates that the number of people living in the area continues to increase as more commercial businesses relocate to this node, encouraging workers to consider moving closer to where they work.

 

As an investor, a high demand for the area will likely make for the perfect environment for capital appreciation. This means you will be able to adjust rent in accordance with competitive rental pricing and you will be able to sell your unit at a higher price, when the time comes and your interests diversify.

 

Ridge Town Central is a modern development that serves the growing market of professionals in the area. Investment opportunities abound with a choice of studio, 1, 2, and 3-bedroom units, with a 1-bedroom unit typically expected to achieve a monthly rental of R7000 to R8500. The development is in a safe area with a 24-hour security gatehouse and fantastic amenities. Residents can enjoy the pool, clubhouse and gym, and look out onto immaculate landscaped areas with the added benefit of living steps away from Gateway Theatre of Shopping.

 

Ridge Town Central is already fully built. That means if you invest in Ridge Town Central now you will have your tenants move in right away – wasting no time on making money and generating a rental yield.



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