Feasibility study on the investment and profitability of building 1 bedroom self contained apartments.
1. Need for mid sized accommodations Ladies and gentlemen, let's explore the property market. Properties for rent has proven to be a sure way of reaping rental income from the large population of renters in a developing country like Nigeria. We will be looking at the prospects for the building construction of a block of 12 flats of one bedroom each. This is the type of rental unit that have proven to make a lot of rental income for investors in the last few years. Over the course of the last 10 years, investors have found out that building bigger accommodation like 4 bedroom, 3 bedroom flats are sometimes counter productive as the first renter sometimes stay in the same house for life. Up to 50 years living in that same house, housing relatives, children, grand children and sometimes great grand children till they become so fixed in the environment that it will be almost impossible to move them from the house. They have been to numerous occasions and events for the landlords...