Interiors. Wednesday , November 15th , 2017 - 06:22:46 AM
It is definitely cheaper compared with regular hotels. If you are going to average it based on the number of occupants and days, you get better bargain. In addition, the price of rent is fixed and you do not need to bother about service charges and other taxes. Vacationers find the home atmosphere convenient and the kitchen feature is a blessing as they will not worry about spending more money for tips and other service charges once they use the kitchen to cook their own food.
Lastly, furnished apartments have a higher turnover rate influenced by different market forces including the weather and season, the holidays, currency exchange rates and others. That means that you will have your hands full looking for new tenants. Not every tenant is on the hunt for furnished properties as many have possessions that they wish to bring with them. Be aware that your target market with a furnished space may be considerably smaller. So if you want to start your own property investment, opting for furnished apartments is a smart choice.
Many property investors also prefer investing in furnished apartments as they are often leased for shorter periods. As a landlord, this gives you ample flexibility. This a definite advantage if you are keen on using your apartment for vacations or other purposes. Furnished apartments also tend to attract better tenants. This is highly likely if you own a property in a city centre and acquire professionals as tenants. These tenants are less likely to damage your property.
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