Pros and Cons of Investing in Studios and One Bedroom Condos
It is essential to understand that choosing between a studio and one bedroom pre-selling condo is tricky. You should ensure that the decision you are making here is a genuine one and perfect one and that is why you need to be aware of the pros and cons of each. In this concern, continue reading this article and you will know the pros and cons of each option hence making the needed decision.
One of the benefits 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!
There is high rental demand. Here it is essential to understand that studios are in high rental demand more so in areas like central business districts, discover more here. In this regard, when you invest in studio units you will get high returns as you will have more tenants in your unit as compared to one bedroom condos.
It is also imperative to note the flexibility in use. People use studios for various purposes such as home office and with that concern you can receive more clients who will need to use your units. Also, there is easy management. Managing a studio is easy and it requires less maintenance as compared to a bedroom condo.
On the other hand, there are cons such as limited space. The space of a studio is limited so people will not prefer renting studios if they want more living space, read more here. Studios are not suitable for families. Families that will be having children will not like studios because will have limited privacy.
When it comes to one bedroom, they are affordable. You need to understand that one bedroom condos are affordable when compared to other larger units that will be available as options. People who will want to upgrade from studios will find that one bedroom condo the best choice for them.
There is a lower 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. On the other there are several cons such as limited flexibility, high initial cost of investment, higher maintenance costs, and many more, click this website for more details.
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