Investing in apartment buildings is always good decision to grow your money in moderate way. Population increased every year; people need living spaces to settle. While location is main factor to buy foreclosed apartment building for sale, alternatively you can invest to build tiny or small apartment building using your existing real property with boutique concept.
1. Using your existing real property
By using your existing real property, you can save the cost to build an apartment building. At least, you do not need to buy land block. For example, if you have shop house like the long narrow shop house in this archinspire article’s images, you can definitely extend your shop house building spaces for apartment units.
2. Boutique apartment concept
For some person, location is number two. What he or she need is comfortable, calm living space. The boutique apartment concept is a business model choice if you do not have perfect location. What is boutique apartment building? A boutique apartment building is small, stylish apartment building that has small number of units. Because its small number units, the atmosphere is calmer, and the surrounding situation is more nice, comfortable, intimate, and welcoming setting so the renter has closer home-like experience.
Here is boutique apartment building design idea that might become your inspiration to build an apartment complex. This boutique apartment building is extension and transformation of long narrow shop house building in one of Melbourne inner suburb, Victoria, Australia. The front shop house appearances is retained while rear space completely hanged into separate two compact mini tower apartment building. The front shop house has vintage Victorian architecture style of 1800’s.
Two separate small building are intentionally designed and constructed to make sure that every unit of this tiny apartment complex has outdoor spaces and bring plenty natural light inside each unit. The central inner courtyard become connection between its two mini tower and large outdoor terraces for apartment unit 1 and 2.
This apartment building floor plan consist of four level floor. The ground floor consist of retail space, front entrance, rear entrance, lobby, courtyard, two car garage, and utilities rooms. The first floor consist of apartment unit 1, outdoor terraces, and apartment unit 2. The second floor consist of gable roof of retail space, second floor bedroom of apartment unit 1, outdoor void, and apartment unit 3. The third floor is apartment unit 4. So this boutique apartment building has 4 units apartment. Credit & source: DROO Projects Paris/London based studio.