Investment flat in downtown
Location: Budapest, 6th district
Area: 34 sqm
Goal: Investment for leasing on long term. Home staging is a new financial focused genre of furnishing and interior design which does not only contemplates aesthetics and convenience but using these as a tool targets to reach return on investment by them. This means that the owner of a flat prepares it before selling or leasing to ensure it shows its best on the advertisement and on the on-site visit. The purpose of this activity is to enable selling or leasing it on the possible best price. We set 4 goals for the renovation: to spend as few money as possible, to use better the advantage of this apartment, the 4 windows and to make the space more bright, and to give character to the apartment.
Specialty: We purchased this apartment for 29 000 EUR and we invested additional 3 000 EUR on its renovations. The previous owner leased it for monthly 150 EUR, we managed to lease it for 320 EUR after renovation. This means the investment pays out in 3 years already.
Project status: Completed, the flat is leased on long term.