Benefits of parking spaces in cities
Today at Finques Segarra we bring you a post about some good reasons why you can invest in the purchase of a garage or parking space. If you want to know them, read on.
One of the main advantages of investing in the purchase of a parking space is that it has lower maintenance costs and taxes. Compared to a home, a parking space has lower community costs due to the lower participation fee, and taxes (IBI, Real Estate Taxes).
The price of it also makes it much more accessible and it is less necessary to seek financing, the fact of not resorting to any financial institution speeds up the purchase process and therefore, also your return on investment.
Currently, parking spaces are in high demand due to the lack of space in cities, and they are a good option to rent them out and make regular profits. On the other hand, it is obvious that the profitability compared to a home will be lower.
As it is a rotation product, in the event that we wanted to get rid of it by reselling it, it would be an easy task. In addition, as we have mentioned before, the price, being lower than a home, makes it easier to buy.
Let’s not forget about the safety and accessibility factor. This will save us time on a day-to-day basis looking for parking, and at the same time we can rest assured that our car is safe.
And if you decide not to rent your place, don’t worry, you can always make use of it, which in current times is more than necessary. Do you have a parking space? Would you use it as an investment?
