Many people today look to invest in property as they feel earning rental from the same works as an additional income. But, instead of hiring students or family as a tenant we suggest you opt for Corporate Housing. This is a latest trend in the real estate market and those investing in this kind of property are going to enjoy handsome rental income as the word corporate itself creates a wealthy picture. So, below we are listing the concept and other important things related to corporate housing:
- Basics of Corporate Housing
Any fully furnished apartment/residential unit/villa or a penthouse ready for accommodating professional guests for a week or a maximum of 10 days is known as corporate housing. Here, the property owner alias the landlord is required to offer basic and even the smart amenities in order to offer smart living experience in an unknown city. The rental for a corporate housing is usually paid annually although the rent-receiving depends upon the agreement that takes place between the property owner and the company.
Remember that the landlord is responsible for housekeeping services.
- Enjoy Better Return
Many real estate experts suggest investing in Corporate Housing as the corporate companies especially the Multinational ones have offices at various cities and their officials required a proper residing place in different locations. Hence, the companies look for a guest house or a lodge near to their office and also opt for accommodation which is at a short distance from their workplace. So, choose smart locations or the prime locality when deciding to purchase a residential property with investment purpose and design it as a comfortable lodge that offers proper food, housekeeping service and other smart amenities.
Corporate Housing is a wise option if you wish to earn rental from the property. Also, remember to offer security to both guests and their belongings by keeping a watchman or CCTV enclosed premises as they both minimize the chance of any mishap.
- Features of a Property
The companies know business and getting into a rental agreement with any lodge or an accommodation is also a kind of business for them. So, make them count the benefits of your property such as smooth connectivity to the workplace, close proximity to medical and fitness centers, minutes away from airport, railways station and entertainment hub.
Apart from this, you make sure to keep basic and modernly designed furniture such as sofa cum bed in the living room, close door cabinet with a couple of drawers to keep multiple things. These things elevate home décor and also offer a spacious look to the accommodation. So, offer a smart look in order to get into a deal for corporate housing.
- Design Smart Home Décor
People today live a hectic life thus you must try to offer a relaxing mood to the professionals reside at your place during their official trip. We suggest you install solar water heaters, LED lighting fixtures and a gas pipeline in the kitchen to offer a clean green environment. We also suggest you place greens inside and in the garden area to allow the flow of fresh air. Apart from this, keep a list of things handy which includes emergency phone numbers, medical store address and contact number, numbers of grocery shop, car rental, florist and restaurants nearby.
- List Property on Real Estate Website
Today match with the steps of digital world and list your property on various real estate portals and get the best deal in order to earn good returns.