Bed spacers are good kinds of apartments which are rentable. This type of apartment unit get quickly rented out, particularly in locations close to educational facilities, and business districts. Homes that are almost impossible to rent out become money-machines when made into bed spacer apartments. Even a tiny home made into a 4-person bed spacer can earn more than if it is rented out as a one bedroom or studio type. It is also very easy to make a property into a bed spacer apartment unit. The property owner will just need to buy beds or bunk beds for more spaces, provide cabinets or drawers for the tenants and have one or more common toilets and baths. The bed spaces may be tagged at 1000 to 1500 each including utility bills. From a studio type that may be rented out for 3500 monthly, it has become a 4000-6000 bed spacer apartment unit. This means more revenues from the same property.
Studio-types are usually bigger than properties that are turned into bed spacer apartments. Not like a bed spacer it has a place for a queen bed, a bathroom and toilet, a nook and kitchen, and a place for a living area or reception where a couch or a few settees may fit. Individuals who typically lease studio-type apartment units are a family of three or four, newlyweds, and single men and women. This is very possible as most individuals leasing in the cities of the Philippines are these types of individuals. These apartments are usually priced at 3500 to 5000 each month. And they can be found in single or two- floor establishment.
The third kind of apartment unit is the bungalows or multi-level apartment units. These are typically sell out when car parking is provided for future tenants. This is due to the reality that tenants with cars do not opt for studio-type or bed spacer apartments. They search for rentable homes with garages or parking spaces for a vehicle. Even just a safe porch in front of the unit is sufficient to have these kinds of tenants renting. Since there's a necessity for parking slots or areas, these kinds of apartments are usually in villages and subdivisions that provide security for their tenants. The typical size of multi-level apartments or bungalows is 25-50 square meters. It can have one to two suites, comes with a toilet, separate dining and kitchen area, and a reception place.
As may be seen from the given three types of apartment units and the data following them, having apartments rented out in the Philippines is a feasible venture. However, it should be kept in mind that the apartments for rent should be simple to market and will definitely be open to the target market in a certain location.
Bryan Clarkson is a property expert with a lot of knowledge in Manila real estate. To learn more, and to find alternatives for a house of your choice, go to RentInMakati.com at this time.
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