How long will it take you to recoup your investment in the apartment?
Batumi is trying to keep pace with modernity and at the same time preserve its unique history. Today, the coastal city has become the center of attention not only for tourists but also for investors, which has increased the demand for real estate. The construction of apartments and their purchase as an investment has been very relevant in recent years. In this blog, we will present to you why investing in Batumi is important and we will introduce you to the basic questions that will help you understand how long it will take you to take back the investment in the apartment.
What is the trend of renting apartments in Batumi?
The trend of renting apartments in Batumi is growing day by day. The city is developing at a fairly fast pace, tourist interest in it has increased not only in Georgia, but also worldwide. Accordingly, the demand for apartments, which will create maximum comfort for vacationers, has increased.
When is it possible to withdraw the investment invested in ”Solis Residence” apartments?
When buying an apartment in Solis Residence, the owner will be able to receive back the investment within 5 years. For example, in the case of purchasing a studio-type apartment as an investment, taking into account seasonal and non- seasonal periods, the average daily fee for renting an apartment is $56 (equivalent in GEL), which will give us an average of $10,650 (equivalent in GEL) at the end of the year. These amounts include: rental services (apartment management, insurance, general maintenance of the complex (complex service fee 1 $ (equivalent in GEL) / m 2), utility bills, room maintenance (cleaning and laundry), 5% commission (income tax) As a result, your average net profit is $7502 (equivalent in GEL).
What size apartments are in demand for rent?
Everyone has different requirements based on their interests, but everyone wants a comfortable, clean, bright apartment with a large balcony that will have a panoramic view of the sea. Every apartment has its advantages, some people prefer studio type housing. On the other hand, there are vacationers who want a secluded bedroom. In ”Solis Residence’‘ you will find three types of housing:
- Studio type apartment;
- Apartment with one bedroom;
- Apartment with two bedrooms.
What are the main criteria that the apartments must meet?
The apartment you choose for your vacation should be in a calm, quiet environment, with a sea view, close to the recreation area, fully furnished and with good infrastructure, so that you can have a pleasant time in any season and create the best memories.
