Owning multiple studio apartment investments in Nigeria is a fast way to become wealthy. A studio apartment is an apartment that consists of the living room, bedroom room, dining area, and toilet with open floor space. The rooms in a studio apartment have no walls separating them except the toilet. Sometimes, the bedroom are been demarcated with a wooden wall so as to create privacy.

In recent times, the demand for studio apartments in Nigeria has been relatively high because they generate rental income. It can be difficult accomodating guests and one must be strategic about the storage. It offers budget-friendly rent, low utility bills but can be short of space. This kind of apartment is usually suitable for students and single guys or ladies who cannot afford a large apartment space and are willing to stay on a budget.

Differences Between Studio Apartment and 1 Bedroom Apartment

Oftentimes, people mistake a one-bedroom apartment for a studio apartment. A one-bedroom apartment or a single room apartment consists of the living room, bedroom, kitchen, and toilet in which all are in distinct separation by a wall. They are usually more spacious and offer more privacy compared to studio apartments. Asides from being spacious, they are more expensive than the studio apartment.

Affordable one-bedroom apartment for sale in Oworonshoki Lagos

Benefits of Studio Apartment in Nigeria

Although studio apartments are less spacious but have a lot of benefits;

1. Energy consumption is lesser which calls for lower electricity bills.
2. Rent is usually lower as compared to other types of apartments.
3. They are usually affordable.
4. The can be found in the central location of the urban areas.
5. They also require low maintenance.
6. If you are looking at rental income, a studio apartment is the best investment to consider.
7. Requires lesser amount to invest in them especially the off-plan type.

Factors To Consider When Choosing A Studio Apartment

The following are important factors to consider before choosing a studio apartment

1. Amenities: It is important to check the various amenities a studio apartment offers be it for rent or investment. Luxury fully finished studio apartments are spacious and equipped with home appliances and furnitures, beautified with indoor plants.
2. Decide on a budget: The prices of studio apartment varies depending on location and facilities to be provided by the developer. This will aid you to decide on a budget.
3. Easy access to infrastructure: it is important to consider access to infrastructures such as banks, hospitals, public transits, supermarkets etc.

Disadvantages Of Studio Apartments

1. Lack of privacy
2. Not suitable for bigger family
3. Lacks clear demarcation
4. May require additional storage

In Conclusion

As an investor, it is advisable to own multiple studio apartments because they are a good way to generate multiple rental incomes.