How multifamily apartments are beneficial for investors ?

1. What are multifamily apartments and how they are beneficial to Investors? The Real Estate Sector has been expanding at a rapid pace. In Metropolitan Cities, over the huge population increase the demand for housing has been going to dizzy heights. Smart Investors are cashing in by this exponential demand for homes, and the ideal business is “multifamily apartments”. The Concept of Multifamily Apartment Complexes: In many developed countries, this concept is catching up like wildfire. Taking the cue from Employees Quarters and Staff Colonies, Building Promoters developed a bunch of residential apartments, built with the same and similar floor-plans typically. These individual homes are annexed into a Complex with a wall. All facilities and amenities jointly to be used commonly by all the tenants/home owners are provided. There will be everything from a Lawn, Tennis Court, Swimming Pool and even Departmental Store etc. Owing to the availability of all facilities within the compound, there is hectic demand to buy or rent these homes. Investors are also keen to buy from the Promoters and run the business of “multifamily apartments”. The Benefits accruing to the entities owning these Complexes: Reduced construction expenses: The Builder can save a lot in respect of building materials, labor, providing amenities and other perks, when compared to single-family homes. Yet each resident enjoys all these facilities happily, as if they are their own. When an advertisement is given through a Commercial Realtor in the media about the proposed construction of such a Complex, selling of Units takes place like hot cakes. The prospective buyers of these Units also calculate the pricing, and agree that they cannot build a home like this at such a low cost. This further increases the demand. There is no need to employ individual Gardener, Swimming Pool Cleaner and such other crew. It is enough a Team is employed for the holistic maintenance of the Complex. Thus huge money can be saved. The total expenses for the maintenance of the Complex can be shared among the residents, with affordable monthly subscriptions. Both the tenants and the owner are happy. There is great scope for growth and expansion of this business, since once experienced with the first Complex, the Investor will become knowledgeable enough to run the business efficiently and effectively. Expert Commercial Realtors can be approached to locate upcoming Complexes of “multifamily apartments” in the near future, and the same can be acquired without any hassles, whatsoever. Article Source: http://www.imfaceplate.com/richardm82/what-are-multifamily-apartments-and-how-they-are- beneficial-to-investors