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Description When searching for an apartment suitable for rental, you should proceed from a simple principle: you need to find a residential area for which there is the highest demand. Otherwise, your business plan will not generate revenue.
If you are looking and want to rent an apartment, you need to take into account many factors, each of which affects the final result. The ideal object does not exist. The buyer has to make compromises in one area or another. A person who is going to rent housing, you need to think about how significant concessions that he is willing to make.
When deciding on the size of an apartment for rent, you should analyze the target group. Do you want to find a tenant who lives alone or with a companion? Are families with children acceptable to you? If so, then with a high degree of probability you will have to reckon with additional depreciation of the apartment.
If you mainly focus on people living alone or with a companion, first of all, you should think about purchasing a 1-2-room apartment. If children do not seem to be a problem for you, it is better if there are more rooms in the studio.
The next criterion for the size of an apartment is the number of square meters. The area of a two-room apartment may be 40 mē or 80 mē. If an apartment of 40 mē is more likely to be a budget one, then the eighty-meter apartment already belongs to the luxury class.
It happens that an apartment of the same quality, but a smaller area, has a higher cost per square meter, while at the same time the possible price for renting a larger apartment should not necessarily be twice as high. Of course, the additional costs for an eighty-meter apartment are two times higher than for a smaller apartment, therefore, with a high degree of probability, the ratio between the possible rental price and the acquisition cost for a person planning to rent it out will be more optimal.
To make it more easier there are people who can help you like Kale Realty they have 600 real estate brokers and operates a full service residential real estate firm helping individuals buy, sell, and rent properties.