Considering investing in real estate? Many of the world's wealthiest people have built their fortunes in real estate. Therefore, there are many reasons to believe that real estate is an excellent investment. While experts agree that before investing hundreds of thousands of dollars, it's best to be well-informed. Since investment properties can be risky, it's essential that you consider all of your options and educate yourself about everything from tenant laws to home maintenance. Here are the factors and challenges you should consider before buying your first rental property.
Let’s talk a bit about real estate investments. Real estate investment according to Investopedia is engaging in the buying, selling, financing, and managing of real estate or rental properties for a profit. The majority of real estate investments fall into two categories: physical investments like land, residential and commercial properties, and investing in other types of property that doesn't involve physical ownership, such as REITs and crowdfunding platforms. Each type of investment has its advantages and cons. However, this article will focus on investing in Hotel Apartments, which falls under the commercial real estate investment, specifically, Pelican hotel apartments by Devtraco Plus.
A hotel apartment is an apartment service that utilizes the hotel-style booking system and offers added services as hotels typically do. A leaseback agreement is then in place between the hotel management company and the owners, who rent out their units to the hotel like any other room. Most hotel apartments are sold as investment properties due to their high rental returns and strong capital gains. Rent is similar to renting an apartment, but since there are no fixed contracts, occupants can move out whenever they like. However, owners cannot live there full-time.
Pelican hotel apartment is a luxury brand of hotel suites located in Accra. With a global community of investors, Devtraco has managed to set itself apart as the first real estate developer in Ghana to implement this investment strategy. This innovative initiative brings a new realm of investment opportunity to the Ghanaian community. You certainly shouldn’t miss out on a chance to join the pioneers of hotel apartment investments in Ghana.
This property is backed by a fully fitted and furnished hotel suite for sale. Investors such as yourself are then encouraged to lease their suites to prestigious hotel management companies that would run the day-to-day operations of the apartment franchise. The development also includes 14 two-bedroom suites that combine two adjacent regular suites. These suites can be rented individually or as a joint family suite for added comfort.
Investing in a hotel apartment might be the best way to break into the commercial real estate market without having to worry about managing the facility. The Pelican is managed by a sister company Talis, they will handle all the daily operations on your behalf. The hotel management company would be required to attract guests and organize the entire management of the facility. This makes for a great investment without the operational headache.
With Pelican investments, you can easily reserve a unit or multiple with the reasonable price of $5,000 per unit and equally opt for a payment plan that ensures your unit with a 20% downpayment and the remaining spread out to your own convenience till completion. The exciting part of this investment is you don’t need to constantly alter your portfolio. You only need to sit back and watch as your investments grow and accumulate wealth for you. Essentially your money starts working for you.
To add to the reasons why Pelican is a good investment, let’s look at why a hotel apartment is the best deal for you right now. You’re usually guaranteed a high return on your investment. Apart from leasing your property out to a hotel management company to generate monthly rental income, as the owner, you could choose to sell off your property in the future at an appreciated value. Another reason is you get to enjoy the amenities of your property. Usually, the hotel operators allow a grace period of free stay in your own property so you’re encouraged to make use of your own bread. To top it off, in low seasons you can enjoy the ambiance and escape your property provides in your time of need.
Pelican is situated in Cantonment, a prime tourist spot. Hotel investment is intended to rent out rooms to tourists, and ideally... tourists would choose to vacation in touristic areas. A hotel room located in a strategic location will ultimately bring you a higher resale value if you ever decide to sell your property.
These are just a few reasons why Pelican is the way to go today. Diversify your investment portfolio with this lucrative opportunity. For further enquiries contact Devtraco on 233 (0)27 000 0004 or via this online platform