With the rising demand for affordable housing; studio apartments have become a thriving form of real estate investment. Besides, they are the most affordable investment that is speedily growing in metro cities. Young professionals and newly wedded working couples these days consider Studio Apartment as an attractive investment option. Business travellers habitually visit a city for meetings. They at times want to avoid spending on hotel rents. Hence, this is a good option for them too.
Studio Apartment set up:
A studio apartment usually has one main room and one washroom. The room will be your bedroom, living area and kitchen all in one open space.
It is important that you feel comfortable in the space where you choose to stay. These apartments are small. It is true that you cannot choose to live in a place that makes you feel overcrowded. Make sure you have enough space for each section. We need to however, have a clear understanding on the perks and shortcomings of making such an investment.
Should You Invest in Studio Apartment?
High appreciation:
It is an ideal investment option for those with a limited budget. If you are looking for a safe investment you may choose to go for it. They are economical and give a first-rate return on investment. The biggest bonus of buying a studio apartment is that the registration charge and stamp duty for such houses is less.
Good rental income:
You may use these as a guaranteed rental income. Young professionals prefer a modern style, affordable housing. At times couple with a limited budget prefer such set ups too. Besides, in studio apartments there is limited space. As a result, you don’t need to bother much about cleaning the house. The other advantage is you do not have to invest much in purchasing furniture and other equipment. Studio apartment if aroun/d the office area, rent is generally high.
Easy maintenance:
Studio apartments bring upon you a low maintenance cost because of the limited space. It is calculated on the area. This is a trouble-free investment opportunity for those looking to find an inexpensive investment opportunity. If it’s in a metro city they not only assure good rental income but also a high appreciation.
These are often furnished with the basics. Consequently, it makes relocating to a new house or city hassle-free.
Is there anything in this world that has only pros to it, no cons?
Studio apartment is not the right option if you are more than two people. Consequently, couples planning their family should not go for such a set up.
Partying is not possible. Friends and family members cannot stay over. If you are not used to staying in a cramped space such set up can be claustrophobic.
There is less scope for decoration with furniture since they crowd up the small space.
Wrapping up:
If studio apartment is the best investment option for you or not depends on your budget, requirement and lifestyle. If you are a beginner or have a limited budget then this would be an effective choice. Consider your requirement and budget before you invest. Happy living!
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