FACTORS TO CONSIDER BEFORE BUYING A PLOT TO BUILD A FLAT(CONDOMINIUM OF APARTMENTS)
When anyone is buying a land to build apartments the intention is to have something that can generate income so the main inspiration is doing business. Unlike when someone is building their residential home, everyone seeks to maximumly utilize every inch of the plot to have as many units as it can fit. So here I am addressing every development that calls us to construct on more than 90% off the plot area. 1.LOCATION OF THE PLOT. When investing in any business, everyone has their own expectations; the main one being, how much will I get if I venture into this business? So it is very necessary to have in mind the amount you want to earn every month when you have 100% occupancy. That is what will determine the typology you want to do. Is it one bedroom, bedsitters(studio rooms), two bedrooms etc. You should be keen on the social class o the area you would like to build. What typology can they consume more and how much is each unit. There are some areas which if you construct bigger typolo...