5 rooms or more? Why not!

The vast majority of listings of flats for sale are for studio flats and two- or three-room flats. Occasionally there are also listings for large four-room flats intended for big families. A larger number of rooms is decidedly a rarity. The question, however, is whether and when it is worth taking an interest in them. In most cases, investing in such a large flat may make little sense. There are, however, exceptions. And it is precisely these that we will talk about here.

Shared renting

With two- or three-room flats, it sometimes happens that several people want to rent together. In practice they agree among themselves who takes which room, leaving the kitchen, bathroom and hallway as shared space.

If so, it is worth considering whether this trend can be used with flats that have a large number of rooms. When investing in such premises, it is worth weighing both the opportunities and the risks involved.

The opportunity lies in the fact that, by dividing such a large flat up in terms of rent per square metre, we will often be able to offer a slightly lower price while still keeping our own profit. What is more, some tenants can always be offered two rooms at once. For them it will still be a smaller financial burden than renting a two-room flat – after all, the cost of the common part will also be spread across the other tenants.

The risk? There is one too. It comes down to the simple fact that, while it is easy to find people interested in renting a particular room in medium-sized premises, with flats this large the number of flatmates may put off a considerable share of potential tenants.

SEE FLATS TO LET IN KATOWICE

Letting part of the flat

If a tenancy can be divided among several people, you may just as well occupy most of the flat yourself and set aside one or two rooms for a lodger. Does it make sense to act this way? Yes, if we expect to need a larger flat in future and do not want to deal with moving. In that case such letting can be treated as a kind of investment.

Does this approach seem strange? To many people it does. On the other hand, if we look at the rental market, it quickly turns out that letting part of a house is increasingly popular. So if this can be done with a house, why not with an exceptionally large flat?

READ ALSO – WHAT TO REMEMBER WHEN RENTING OUT A PROPERTY?

Home and office in one

There is one more case, and a very interesting one, in which buying a flat with a large number of rooms will be advantageous. This is when we want to use some of the rooms for living and the rest for our own business.

In some situations this can be a near-optimal solution, saving quite considerable funds that in other circumstances would have to be invested in property.