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Nairaland Forum / Nairaland / General / Properties / Which Is Preferable.? (458 Views)
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Which Is Preferable.? by redcross: 5:28am On Jun 06, 2018 |
Building a HOTEL or A Hostel or a 3 flats apartments? Which is better and will generate more income? Thanks..... |
Re: Which Is Preferable.? by Blaksheep: 5:33am On Jun 06, 2018 |
Hotel. in a good location and good management. 1 Like |
Re: Which Is Preferable.? by redcross: 5:34am On Jun 06, 2018 |
Blaksheep: I live in Edo..,, too much hotels and guesthouses already. I am confused |
Re: Which Is Preferable.? by Blaksheep: 5:38am On Jun 06, 2018 |
That's why I emphasised on good location and good management because that's the key. I bet there are also too much houses and hostels in Edo. 1 Like |
Re: Which Is Preferable.? by redcross: 6:20am On Jun 06, 2018 |
Blaksheep: There is affordable housing deficiency in Edo cos most house built are 3 bedrooms flats which is expensive to rent sir. |
Re: Which Is Preferable.? by agohmamuda(m): 6:41am On Jun 06, 2018 |
I live in Benin, from wat I have noticed over the years. I would say u stay away from the Hotel idea. It would be too bulky to me to explain, I tell you, Hotel management is big work. Our Benin people aren't always ready to pay for Value; if u know wat I mean. FOR EXAMPLE, they see using DROP/TAXI As a waste or show off........ I.M.O I would advice Hostel. Cheers. I stand to be corrected. 2 Likes |
Re: Which Is Preferable.? by redcross: 7:40am On Jun 06, 2018 |
agohmamuda: You nailed it brother,,,you know the city is not too economically viable. I think self cons is okay in a busy area,,maybe or 1 bed apartments. |
Re: Which Is Preferable.? by adebaxton(m): 8:34am On Jun 06, 2018 |
redcross: It's advisable you build Self Contain with quality finishes, Your R.O.I comes in steady. We Build, We Design, We Estimate. Smattad Project. 08058307787 1 Like |
Re: Which Is Preferable.? by agohmamuda(m): 9:49pm On Jun 06, 2018 |
redcross: Let the area determine which to settle for. u can have them mixed doe. 1 bed apartment and other side, self con. 1 Like |
Re: Which Is Preferable.? by redcross: 11:00pm On Jun 06, 2018 |
agohmamuda: This make sense bro.... 1 Like |
Re: Which Is Preferable.? by redcross: 11:01pm On Jun 06, 2018 |
adebaxton: Do you have designs for self cons already... Let me know |
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