Investors will put up or purchase rental properties with the main aim of making good returns on their investment. However, many factors will determine the rate of return on the investment ranging from the status of the property and other external factors. Therefore, as an investor or a house buyer, you should consider some factors that may affect the rental value of your property.
The status of your house may either attract more clients or make them run away. If the standards of your home are wanting, it may go for months without a tenant or attract clients ready to pay only a fraction of your offer. It’s therefore essential to ensure you build or buy a standard property and maintain it to high standards. Buying a home from display homes will guarantee you a quality home that will give you good returns. You can take a look at display homes in Westbrook Estate for quality and affordable homes.
Your neighborhood will determine the type of tenants you will get. If college students dominate your area, most likely, they will be your primary clients. Hence, you should expect fewer returns when the students are not in session.
Areas with suitable employment opportunities tend to pull businesses together; hence, you will likely have low vacancy rates. Also, due to many employed people and a pool of thriving firms and companies, rental properties will be in high demand and give you reasonable rental rates.
Tenants will want to rent in an area where they feel their safety is guaranteed and their properties are safe. Secure areas attract more people and investors; hence, rental properties will fetch higher returns than insecure areas where crime suppresses the economies. You can rate the security of a place by assessing the types of businesses around and the level of security alertness involved.
High vacancy rates may give a sign of low demand for rental properties in the area. An area with high vacancies and listings leads to low rent rates. Usually, property owners will lower rent in such a location to retain tenants. On the other hand, low vacancies mean a high demand for the rental properties hence high rental rates.
When buying a rental property, it’s essential to consider the landscape of the compound and neighborhood. A board-flat landscape may cause flooding in case of a heavy downpour. Flooded water may leach into the foundation of your house and cause cracks.
A steep landscape is not good either since a heavy downpour may cause trenches and lower your property’s attractiveness to the tenants. A gently sloping ground is a suitable landscape.
Owning a property that is attractive to the tenants and in an excellent habitable environment is fulfilling. However, it takes due diligence and proper assessment to be able to locate such a rental property. But with display homes, it can be much easier and faster to find a tenant-friendly home and one which will give you high rental returns.
Ar. Anup Murdia and Ar. Sandeep Jain, the founders of Design Inc. share their journey of embarking architecture with the passion for understanding spaces. Design Inc. is an architectural firm situated in Udaipur, founded by Ar. Anup Murdia and Ar. Sandeep Jain in 2011. The firm believes in creating spaces with overall understanding of certainties […]
Jinal Mevada, the founder of Interior Factory, shares her passion for interior design, which was instilled since childhood. Interior Factory is an interior design studio founded by Jinal Mevada in Mumbai. The interior design studio balances functionality with aesthetics and client aspirations. In the following conversation with Jinal Mevada, she reveals her deep passion for […]
The world of interior design is always buzzing with exciting new trends. So much so that you can always find something new every single day. And this is especially true for condos and townhomes with plenty of refreshing design ideas. Whether you own a condo or you’re looking to buy one, the idea of refreshing your […]
There are a lot of challenges that one faces while designing the interior of the house. One of which is giving the right choice of the types of ceilings. While looking out for the theme a house sets, the elements through which the theme is directed are also important. One such important element of the […]
A well-organized walk-in wardrobe design is important for maintaining an efficient and visually appealing storage space, especially in Indian homes. In India, where space is limited, a walk-in wardrobe allows for optimal space utilization and customization that allows for the proper arrangement of clothing and accessories, ensuring that every item has its designated place. A […]
Gate Design is an important feature of any home. Numerous scopes for experimentation open up when delving into the design possibilities. Materials like wood and black steel are popular options in Indian homes. At the same time, designers also experiment with a combination of materials that suits their aesthetic. Buying mass-produced gate design has become […]
Wooden Door Design is an essential feature of every Indian home. It comes in a wide range of colours and shapes that can also be customised. Wall-height doors are a trend in most modern homes, which create a welcoming aura to the home. At the same time, experimenting with the position of the door is […]
Should I study architecture or Interior Design? This is a question every high school graduate comes across. Moreover, the difference is not as commonly clear as it seems. Students often end up getting wrong advice like ‘they both are very similar’ and ‘you only need to be good at drawing’ etc. Well, that’s not true […]
Turning an empty plot and executing an entire design from plinth to top is like taking a blank canvas and painting an entire story on it! Architects are creators; creators of spaces, giving life and meaning to them. The Architects not only represent their city, but are also extraordinarily responsible in shaping the city’s skyline.The […]
We have listed the 20 Best Architects and Designers in and around Ahmedabad, Gujarat who has shaped some of the best architectural residences and commercial spaces. Of the many architects in Ahmedabad, these shortlisted few are the ones with an array of award-winning projects done by them that puts them over the edge which will […]