Have you ever wondered why studio apartments are becoming a successful form of real estate investment? Studio apartments are the cheapest source of investment that is rapidly growing in the metro cities that suit both young professionals and business travelers.
If you are one of those who finds studio apartments an attractive investment option it is important to understand the perks of making such an investment
High appreciation: Studio apartment is the perfect investment option for the beginners who have a limited budget and are looking for a stable and safe investment as they are affordable and offer an excellent return on investment. Studio apartments guarantee assured rental income and one of the biggest perks of buying a studio apartment is that the registration charge and stamp duty for such houses is low.
Good rental income: By investing in studio apartment one can earn a good rental income as the young professionals and college going students prefer an affordable and a modern style of housing who usually have a limited budget. Moreover, studio apartments are more practical for a living as you don’t need to worry about cleaning the house or purchasing furniture and other equipment. The rental returns from a studio apartment are generally high compared to other configurations because they are mostly situated around the office spaces in high-value areas.
Affordable: Studio apartments are mostly preferred by working class who have a limited budget living in metro cities. Since the studio apartments are strategically situated near office spaces it also helps in saving transportation cost. However, the affordability of the apartment also depends on the location. These self-contained affordable units are usually the first to be purchased, therefore most of the developers include a certain number of studio apartments in their projects.
Easy maintenance: Studio apartments incur a low maintenance charge as it is calculated on the basis of the area. Due to the limited space studio apartments are generally have a low maintenance cost. Furthermore, the landlord does not have to go through the hassle of spending money on the furniture. Studio apartments are an easy investment option for the real estate investors looking to find a cheap investment opportunity in metro cities as they not only guarantee rental income but also a high appreciation. So, if you are a beginner or have a limited budget then studio apartment can be the best investment option for you.