Bed spacers are good kinds of apartment units which are rentable. This type of apartment unit get quickly rented out, particularly in locations close to educational facilities, and factory districts. Houses which are almost impossible to rent out become money-machines if turned into bed spacers. Even a tiny home made into a 4-person bed spacer can earn more than if it is made rentable as a studio-type or one-bedroom. It is also very easy to make a property into a bed spacer apartment. The property owner will just need to buy bunk beds for more spaces or plain beds, give drawers or cabinets for the those who will rent and have one or two common toilets. The bed spaces may be priced at 1000 to 1500 for each tenant including water and electric bills. From a studio type that may be placed for rent for 3500 every month, it has turned into a 4000-6000 bed spacer apartment unit. This means more revenues from the same property.
Studio-types are typically larger than houses that are made into bed spacer apartments. Unlike a bed spacer it has a space for a queen bed, a bathroom and toilet, a kitchen and nook, and a place for a reception or living area where a couch or a few arm chairs may fit. People who usually lease studio-type apartments are singles, newlyweds, or a simple family of three or four. This very is possible as most people leasing in the cities of the the country are these types of individuals. These apartments are usually priced at 3500 to 5000 per month. And they can be located in single or two- floor structures.
The third type of apartment unit is the multi level apartment units. These are usually sell out when parking space is provided for possible tenants. This is because of the fact that tenants with cars don't opt for studio-type or bed spacer apartments. They look for homes for rent with garages or parking spaces for a car. Even just a safe porch in front of the apartment is enough to have these types of tenants renting. Since there is a need for parking slots or areas, these types of apartments are usually in subdivisions and villages that give security for their residents. The usual size of multi-level apartments or bungalows is 25-50 square meters. It can fit one to two suites, comes with a toilet, separate dining and kitchen area, and a reception area.
As may be seen from the given three kinds of apartment units and the facts following them, renting out apartments in the Philippines is a feasible venture. However, it must be Kept in mind that the apartment units for rent should be easy to market and will definitely be open to the target market in a certain location.
Author Resource:
Bryan Clarkson is a real estate property specialist with a great deal of knowledge in Manila real estate . For more information, and to discover selections for a house of your choice, check out RentInMakati.com right now.
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