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The prospect of having apartments rented out in the Philippines

Bed spacers are good types of apartments for rent. This kind of apartment get easily rented out, especially in areas near schools, and corporate areas. Houses which are not easily rented out out become money-machines if turned into bed spacer apartments. Even a tiny home made into a 4-person bed spacer can acquire more than if it is rented out as a studio-type or one-bedroom. It's also very easy to turn a property into a bed spacer apartment unit. The owner will only need to purchase bunk beds for more spaces or plain beds, provide drawers or cabinets for the those who will rent and have one or more common toilets. The bed spaces may be priced at 1000 to 1500 for each tenant inclusive of electric and water bills. From a bungalow that may be placed for rent for 3500 every month, it has become a 4000-6000 bed spacer apartment. This means more income from the same house.

Studio-types are typically bigger than properties that are turned into bed spacer apartments. Unlike a bed spacer it has a space for a queen bed, a bathroom and toilet, a nook and kitchen, and a place for a reception or living area where a couch or a few arm chairs may fit. People who usually lease studio-type apartments are singles, newlyweds, or a simple family of three or four. This very is possible as majority of people leasing in the cities of the the country are these kinds of people. These apartment units are typically priced at 3500 to 5000 every month. And they can be found in two-storey or single storey establishment.

The third kind of apartment is the bungalows or multi-level apartment units. These are typically sell out when parking space is provided for possible tenants. This is because of the reality that tenants with vehicles don't settle for studio-type or bed spacer apartment units. They search for homes for rent with garages or parking spaces for a car. Even just a safe porch in front of the unit is sufficient to have these types of tenants renting. Since there's a need for parking areas or slots, these kinds of apartments are usually in subdivisions and villages that provide security for their residents. The usual area of bungalows or multi-level apartments is 25-50 square meters. It can fit one to two bedrooms, comes with a toilet, separate kitchen and dining area, and a reception place.

Given these 3 kinds of apartments and the facts following them, renting out apartments in the country is a feasible business. However, it should be remembered that the apartment units for rent should be simple to market and will definitely be open to the target market in a certain place.
By : Bryan Clarkson    Five stars rating
Submitted 2010-08-27 20:43:27

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Bryan Clarkson is a real-estate specialist with lots of practical knowledge in Manila real estate. To find out more, and to discover possibilities for a house of your choice, check out RentInMakati.com today.

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