Pros and Cons of Investing in Studios and One Bedroom Condos
It is essential to understand that choosing between a studio and one bedroom pre-selling condo is tricky. In this regard, you need to be aware of the pros and cons of each option as that will lead you well in making the necessary decision. In this concern, continue reading this article and you will know the pros and cons of each option hence making the needed decision.
One of the benefits is affordability. You need to be aware that studios are cheaper than the one bedroom condos, read more now. Therefore, for those who are starting to invest they find that studio the best choice for them and they can invest without struggling.
Another pros is high rental demand. Here it is essential to understand that studios are in high rental demand more so in areas like central business districts, discover more here. In this regard, when you invest in studio units you will get high returns as you will have more tenants in your unit as compared to one bedroom condos.
It is also imperative to note the flexibility in use. People use studios for various purposes such as home office and with that concern you can receive more clients who will need to use your units. When it comes to studios, they are easy to manage. The management of a studio is easier and maintenance required is less when compared to a one-bedroom condo.
On the other hand, there are cons such as limited space. The space of a studio is limited so people will not prefer renting studios if they want more living space, read more here. Another con is that they are not suitable for families. There is a need to have an understanding that families that will have children will not feel comfortable using studios because there will be no privacy
When it comes to one bedroom, they are affordable. You need to understand that one bedroom condos are affordable when compared to other larger units that will be available as options. Therefore, those will want to upgrade from a studio will find this the best option for them.
Another benefit is lower maintenance costs. One bedroom condos when compared to condos are larger but are smaller based on other larger units and therefore maintenance cost is reduced. Also, there is easy management, view here! You should know that maintaining one bedroom is easy since they have all the needed services and amenities so more tenants will be attracted and managing them will be easier. You should understand that the cons of investing in one bedroom condos are high, limited flexibility, and many more.