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What is the best way to buy an apartment in a metropolis for the purpose of renting? - STATUS GROUP

What is the best way to buy an apartment in a metropolis for the purpose of renting?

What is the best way to buy an apartment in a metropolis for the purpose of renting?

What is the best way to buy an apartment in a metropolis for the purpose of renting?

If you are looking at purchasing a primary home, an interesting option for a large market is buying inexpensive one- or two-room apartments located near the metro, railway station and / or bus station, preferably near the central market or in central parts of the city with good infrastructure. …

Namely: the presence and proximity of schools, kindergartens, transport infrastructure (proximity to transport, bus stops, buses, trolleybuses, trams) and commercial and commercial infrastructure (the presence of shopping malls, markets, supermarkets, stadiums, swimming pools, sports clubs, other health institutions).

Relatively good ecology, proximity to water bodies, availability of parks, parking lots and parking lots will only increase the attractiveness of the purchase. All of the above will certainly have a direct impact on the rental price.

Having bought an apartment in a favorable location with good infrastructure, you can make a not very expensive redecoration, purchase inexpensive but sufficiently durable furniture (sofa, wardrobe, table, chairs) and basic household appliances (washing machine, refrigerator and TV), cable TV and the Internet. And that’s it – the apartment will be ready for rent.

If we consider buying an apartment in the business class segment, then the owner needs to try and “lay out” a more “tidy” amount for housing. The tenant will make increased demands on both the level of furniture and the level of household appliances. He will definitely pay attention to the quality of the walls in the rooms, kitchen furniture, the quality and condition of kitchen appliances. Installation of very cheap plumbing is not allowed in this case. Perhaps the tenant will want to additionally have a video intercom, alarm. Apartments of the “elite”, “premium” – segment should be located in the most prestigious areas or in the city center.

Preference will be given to apartments with 24-hour security and an underground garage. The requirements of picky clients for the infrastructure, location and condition of such apartments, the quality of repairs will be very high if the investor plans to receive a high level of profit from the rental of this category of housing.