Short-let apartments have become a steady source of income for real estate investors due to its high value returns. This business strived during 2020, COVID era, when isolation was required and public areas like hotels were congested.

A short-let (also known as short term or serviced apartments) is a furnished luxury apartment rented for a short duration of time – Months or weeks. It is an alternative to hotel accommodation and seems to be much durable than hotels.

Here’s why people prefer short-let apartments;

1.Spend less: Short-lets cost less than hotel accommodation where you stay for a night or a few days unlike short-lets where you pay a little less and stay longer(weeks and months).

2. Comfort: A short-let offers much comfort than a hotel room. You feel more at home. It comes as studios(one-room) that have a living area, sleeping area, kitchenette and a separate bathroom, 2 or 3 bedroom, which grants you space and everything a home needs.

3. Furniture and equipment: While hotels seem to be lacking of dining areas, sofas, coffee table and a kitchen that could cause discomfort, a serviced apartment is fully furnished with the typical furniture and equipment. You could microwave your food, cook and even wash your clothes.

4.Quality: Short let apartments/rentals give value for your money.

5.Large Family: Hotel spaces aren’t big enough for some families unlike short-lets apartments which makes one feel at home.

Investing

Did you know you could make money off your home as a traveler or vacant house owner at no cost?

Short-rental is an easy way to acquire income at no/minimal cost while your house value appreciates. You can rent out your house for a short duration of time to people until you need your house back and can also be assured of your house being in perfect condition by the time you return.

If you are a Nigerian in the diaspora with a house, Short-let can be of great benefits pending the time of your return. This also goes for travelers and home owners not making use of their house at the moment.

Benefits;

Why invest in short-let apartments?

1. Good source of income: Short lets yields a lot of returns to home owners.

2.High Demand: Short lets have become more desirable as a result of its flexibility and comfort.

3.Increase rent: As an owner, you can increase the rents with every renovation done like painting, technologies, interior finishing, expansion, etc.

4.Property Value: Your house value increases as you maintain and repair it.

5.Steady Cash Flow: You earn a lot regularly for the duration of rental and still have ownership of your home.

6.Leverage: Your house can be used as collateral for bank loans, taxes, etc.

Want to be one of the many investors enjoying the benefits of Short-let Apartments?

Buy landed properties or an off-plan property from Atobe Construction Company and enjoy flexible payment in starting your own short let business!

2022-09-20 12:04:42