Visit Our Website When a real estate investor goes into an expensive estate or neighborhood to build apartments/ flats, they need to consider the rental rates. Lands are very expensive in some estates or neighborhoods and would make sense when single-family homes/duplexes are built for rentals or sale. This is because a small land size can be used to achieve this goal. When constructing blocks of flats for rental purposes, ensure that all the flats have considerable parking lots for their cars as per government regulations. For example, a block of four numbers of one bedroom flat needs to have at least four parking lots. This means one parking lot for each flat. While four numbers of three bedroom flat need 4 to 8 parking lots. In other to achieve this, a sizeable land will be required. The size and cost of the land will make total expenditure very high, especially if the land is in a choice neighborhood or estate. This means the investor will get his investment back...
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