Why buy service apartments?admin
Why buy service apartments?
If you’re looking for substantial rental income with a potential for healthy growth, service apartments should be your investment target! With the growth in the economy and tourist footfalls increasing in the country, the demand for quality accommodation at optimum cost has risen.
Service apartments offer the best of the residential experience with state of the art facilities, security features, up-market amenities with the completely done house with latest gadgets in the kitchen, washrooms etc. to give a feel of a hotel in a home!
Service apartments are catching the imagination of potential buyers owing to following reasons:
- Higher Rentals: ideally, rental from a regular residence is 2-3% of the cost of the property, but service apartments generate 10-12% rentals that is substantial
- Corporate Travellers: A lot of corporate travelers, who stay for substantial period in the country, want something homely with hotel-like services. A service apartment offers it all and at a price less than a hotel
- Better Appreciation: If the service apartment is located near major business centres, not only it generates higher rentals, but capital appreciation is also higher than market trends
- Step Ahead of Hotels: With modern facilities, high-end amenities and combined with the feeling of home away from home, service apartments are being chosen increasingly by leisure as well as business travellers for both short-term as well as long-term stays
An investment in service apartments shall lead to healthy returns even after discounting the expenses required to maintain them. In short, buy a service apartment for substantial income, not just additional pocket money!