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. So, you need to know the pros and cons of each option so that you can end up making the right decision now. In this concern, continue reading this article and you will know the pros and cons of each option hence making the needed decision.
The first pros is affordability. In this regard, it is essential to note that studios are cheaper as compared to one bedroom condos. It is crucial here to be aware that those starting to invest will find that studios are more appropriate for them now!
Secondly, there is high rental demand. It is vital to be aware that studios are highly demanded in locations such as central business districts. Therefore, if you invest in studio units be assured that you will get good returns as compared to one bedroom condos.
There is also the aspect of flexible use. You need to know that you can use studio units as home offices so this flexibility in use makes people to choose them. Also, there is easy management. The maintenance and management of the studio is less complicated and easier and you will not struggle here to do the necessary, learn more here.
The disadvantage of investing in the studio is limited space. In this case, if people need more living space they will not opt for studios but will choose other options that will make them comfortable. Studios are not suitable for families. It is essential to be aware that the space of a studio makes it unsuitable for families that will be having children because they will not have the needed privacy.
When it comes to one bedroom, they are affordable. Despite they are costly, compared to other larger units options one bedroom condos are more affordable, check it out! You need to understand that studios are preferred by people who want to upgrade from studios because they will have more space to do their things.
There is a lower maintenance cost. 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 note there is disadvantages of one bedroom condos such as high initial investment costs, higher maintenance costs, market fluctuations, and more.