There are many apartment owners who rent their units to other people. Apartments are also one of the most profitable types of property investment because when compared to boarding houses, apartments are certainly more complete. There is its kitchen, its bathroom, its living room, its bedroom, and so on. Plus, sometimes there are apartments whose rental prices are not much different from boarding houses or rented houses. For that, if you want to get more income, try to rent out an empty apartment that you own or don’t live in. It’s not bad, you know! It can also increase the money in your pocket. However, if you are looking for high-quality apartment units, we recommend you check out Shapoorji Joyville Hadapsar.
The next most profitable type of property investment is the shop or kiosk. If the previous two points are more focused on being a place to live, this property can be used for more productive things, such as selling. If you want to open a shop or kiosk, choose a strategic location because this will be a plus in the eyes of prospective tenants. Of course, you also want the tenant’s business to be full of buyers, right? Thus, both parties will have a win-win solution.
Aside from the previous properties, one of the most profitable types of property investment, the first is a boarding house or rented house. So you can realize that renting your property can give you passive income each month. Say, you buy a house with two floors. One floor can be made into 4 rooms so that you have 8 rooms in total. However, before opening a boarding house or rented house, you must find a strategic location, for example, close to the office or campus. Also offer extra facilities that make it easier for boarding renters, for example, there is air conditioning, close to restaurants, laundry, and so on. Don’t forget, price research is important too! Don’t set you rent rooms with prices that are more expensive than average, but with minimal facilities.