The apartment can be your first step of investing in the property business, practically for the youth. In fact, bright youth has started their path in the property by buying an apartment and rent it to college students or enlist it in various online accommodation sites. Depend on the class, apartment rent rate is commonly lower than house rent rate of the same class, attracting a bigger crowd in the market.
Before you take the plunge and sign the paper, you need to know other factors that will influence the likability of your apartment.
Location of Your Apartment
The closer you are to the heart of the city, the better. Considering that most of the apartment dwellers in Indonesia are workers, very few of them will be willing to live in the outskirt. As capital growth tends to dense on the city, most offices and colleges are located in this area, and your tenants will want to live around.
What’s Around?
Access is one of the major selling points of an apartment. Access to tolls, malls, and public facilities are extremely important in metropolitan cities. Make sure you can read lifestyles for your upcoming tenants. Apartment in holiday island, for example, should be easily accessible from attraction such as beaches, shops, or restaurants. Generally, your apartment unit should be close to public facilities. People want to have easy stay, they don’t have to travel far to do grocery shopping, going to pray, or commuting. Think like tenants, will you want to live in an apartment with such neighborhood?
How Long It Has Been Around
Knowing the history of the apartment that you are going to buy is really beneficial. You don’t want to spend a bunch of money just to have weak, old apartment, don’t you? At any time, choose an apartment that has only been raised in current years. The building is newer and there’s fewer need for renovation. You’ll also want to know how long your unit has been on the market to give you ideas how marketable the apartment is.
Facilities
What kind of facilities offered in that apartment? At least, your apartment should have proper facilities, as it will count as a major consideration for your future tenants. A communal garden and swimming pool will be great for families and tired dwellers who want to get away from the noisy city. Some luxurious apartment even has a rooftop garden for maximum relaxation of the dwellers. It will be nicer if the apartment also has a gym with special membership, where tenants don’t need to go to another gym to work out.
Furniture
Some apartment is offered fully furnished to promote easy living, as moving can be especially exhausting. Tenants could come only with their basic necessities and have their bedroom, living room, kitchen, and even TV cables ready for them. Some apartment owners, however, know that room for personal touch is important, so they leave the apartment only half-furnished or totally empty with, of course, considerably lower price. Study your target market to decide whether you need to complete it with full furniture or not. College students, mid-20 workers, or businessman looking for temporary housing might want the fully furnished unit, while family might want to fill up the unit according to the need of their children.
Image source: obcbali
Edra Maulana