ONE BEDROOM APARTMENTS: SHOULD YOU INVEST?

Is it worth investing in a one-bedroom apartment? what makes a great apartment investment? Are one-bedroom apartments good investments? These and a lot more are the issues in the brains of investors and homebuyers in regards to the one-room apartment.

Many are enticed by the one-room apartment as a viable and moderate approach to begin property investing. Albeit moderate, generally, the one-room apartment has been viewed as a less attractive type of property investment, but is it true?

The straightforward answer is: NO. The reason being that this apartment type is an incredible venture choice, and really offer an extraordinary ROI in urban communities like Lagos, Nigeria.

WHAT IS A ONE-BEDROOM APARTMENT?

It is a kind of residential property that has two rooms, a bedroom and a living room. The bedroom is generally independent of the fundamental living space, unlike a studio apartment.

WHY CHOOSE A ONE-BEDROOM APARTMENT?

Ideal for Singles or Couples

A few people excuse renting a one-room condo since it might look little contrasted with a spot that has two rooms. Be that as it may, most single-room apartments have space for a couple of individuals to move about. You need not bother with another space for your visitors, which can entice them to exceed their welcome.

Cost friendly

Unlike two-bedroom apartments, one-bedroom units can offer a cheaper entry point into the property market that will provide lasting returns, provided you invest in the right area and unit block. Also, it comes with the benefit of low maintenance risk.

Privacy

In as much as we are social beings and we can’t but must interact with one another, we also cherish our privacy. We feel comfortable realizing that behind the shut entryway of the single room is our genuinely necessary individual space.

READ: BECOMING YOUR OWN BOSS THROUGH REAL ESTATE INVESTING

DON’T JUST BUY: CONSIDER THIS FACTORS BEFORE PURCHASING OR INVESTING IN A ONE-BEDROOM APARTMENT

Location

The nature of the local that you purchase a property will really impact both the kinds of occupants you draw in and your opportunity or vacancy rate. Along these lines, the better the area in the inner eyes of the occupant, the less you will have a vacancy issue.
The set of people that is keen on one-room condos prefers things like eateries, schools, supermarket etc.

Market

The market directs what will be engaging to people in general. Some specific locations are very incredible for a one-bedroom apartment. Right off the bat, consider what you are attempting to get and what your local market calls for.

Know your target audience

Given the current state of the economy, having a well-defined target market is more important than ever. No one can afford to target everyone. As an investor who wants to make high Returns On Investment and don’t want to waste money when sourcing for tenants, one thing that is needful is to know the right set of people who are interested in renting a one-bedroom apartment.

Rental yields

The high rental yield is another engaging element of a one-bedroom apartment. Since a large number of people run to possess single condos, the interest continues to expand. Students, young professional, solo livings, recently married couples and even old-matured individuals find this apartment type very convenient and secured.

The world is evolving every day. Ten years back, spacious apartments were the rave of the moment. However, With more single-individual family units than any time in recent memory, small apartments have now become a solid choice.
Investing your resources into one room condos has become a pattern among purchasers. The ever increasing demand for this apartment type has demonstrated requests for the purchasers and seller. Its affordability has made it more appealing to the masses and for investors, it is a smart investment to make.

To know more about Middlechase Property Limited, click on the link below: Middlechase Property Limited or call 08186577504.