Are you looking to invest in real estate and wondering which the best option is? If yes, you are not alone, as many investors seeking real estate investment often wonder whether they should go in for a plot or a built up apartment. Over the years the growing popularity of high rise apartments has meant that they have a clear edge to investors who have invested in ready to move in apartments. Here is a look at some of the core reasons why a ready to move in apartment offers a good investment option for investors.
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Good rental options: With a ready to move in apartment, you as a property owner can get very good rental options both for the medium and long term. With an inflow of working professionals in most major cities and towns, people are looking at good rental options offering a ready to move in option for various budget types.
Average rental yields higher for fully furnished condos: If you have made your mind to offer your apartment on rent, offering a fully furnished one instead of a regular one, makes it more attractive for the buyers. The average rental yields of fully furnished apartments are far higher than regular apartments. A simple web search for fully furnished apartments for rent in Mumbai on realty portals like property.sulekha.com will reveal that many tenants are looking for furnished properties. You can expect a good upside on rentals irrespective of the location of your property. So if you are planning to rent out your property, make it fully furnished to get more gains from your property on an average.
Fully furnished apartments high on demand: Many likely tenants today prefer opting for a fully furnished condo or apartment. Fully furnished apartment being a good choice for majority of working professionals today, it ensures high returns for the property owner.
If you have decided to furnish your apartment, you have set a budget of minimum 10 lakhs for interior designing and furnishing. Keep this in mind while budgeting your property purchase. If you are not having budget for furnishing the house completely, you can opt for partial furnishing, focusing on kitchen cabinets, electrical fittings and basic furniture like beds and chairs.