The Beginners Guide To (Finding The Starting Point)
When it comes to investing it is imperative to have an understanding that choosing between a studio and one bedroom pre-selling condo is not an easy task. In this regard, you need to be aware of the pros and cons of each option as that will lead you well in making the necessary decision. In this concern, continue reading this article and you will know the pros and cons of each option hence making the needed decision.
The first pros is affordability. You need to be aware that studios are cheaper than the one bedroom condos, read more now. It is crucial here to be aware that those starting to invest will find that studios are more appropriate for them now!
Secondly, there is high rental demand. You should have an understanding that when it comes to demand, studios are preferred in central business districts, click here for more details. Thus, if you choose to invest in studio units you will have lots of returns and therefore you will have more tenants that will prefer your units as compared to one bedroom units, click for more details now.
There is flexible use as a pros. It is easy to have a flexible use of studios as compared to one bedroom because you can turn them for other purposes such as home office, view here for more details. Also, there is easy management. The management of a studio is easier and maintenance required is less when compared to a one-bedroom condo.
There are cons of investing in studios such as limited space. In this case, if people need more living space they will not opt for studios but will choose other options that will make them comfortable. Studios are not suitable for families. There is a need to have an understanding that families that will have children will not feel comfortable using studios because there will be no privacy
One bedroom condos are affordable. Their affordability are determined by the other larger units that will be available. Therefore, those will want to upgrade from a studio will find this the best option for them.
There is also a low maintenance cost. It is easy to maintain one bedroom condos compared to other larger units because you will not struggle to make payments. They are easy to manage. You should know that maintaining one bedroom is easy since they have all the needed services and amenities so more tenants will be attracted and managing them will be easier. You should note there is disadvantages of one bedroom condos such as high initial investment costs, higher maintenance costs, market fluctuations, and more.
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This post topic: Real Estate
