Before paying for an apartment, many people proactively rent a homestay in the apartment they intend to buy to directly experience the living space and amenities.
Before paying for an apartment, many people proactively rent a homestay in the apartment they intend to buy to directly experience the living space and amenities.
Previously, homestay apartments in the inner city mainly served tourists or young people who wanted to meet and have fun. However, when the "fever" of using apartments in urban projects as homestays appeared, this model attracted more attention from a special group of customers - those who were considering buying an apartment.
Instead of relying solely on information from brokers or advertising images, many people have decided to rent a homestay right at the apartment they are interested in to experience the reality before paying. This is happening regularly in an urban area in Nam Tu Liem district.
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| More and more investors are renting out apartments by the hour as homestays. Photo: Thanh Vu |
“Many people who were previously only used to living in ground-level houses want to rent an apartment for 2-3 days to experience the living space and internal amenities, as well as proactively evaluate the advantages and disadvantages of the apartment,” said Ms. Tuyet Lan, a homestay investor.
Not only home buyers come to homestays, some real estate brokers are also willing to spend 1 - 2 million VND to invite potential customers to experience the apartment in reality. Although not all transactions end successfully, this approach will help brokers create trust, closeness and increase the rate of closing customers.
“I only focus on inviting customers who intend to buy but are still hesitant. “Seeing is believing”, when they experience it firsthand, they will make a more decisive decision”, said Mr. Nhat Hoang, a real estate broker.
As for homestay investors, not everyone owns these apartments directly. To minimize initial capital, they often rent long-term for about two years. For studio apartments, the rental cost will be about 6.5 million VND/month.
“In the urban area of Nam Tu Liem district, homestay investors also cooperate with each other to share the source of guests, avoiding the situation of some lacking and others having too much. Most investors are also residents here and they often rent out many apartments at the same time,” Ms. Lan revealed.
In terms of profit, after deducting operating costs, a studio apartment can bring in an average profit of VND10 million/month. However, this is not a stable cash flow, because most tenants rent by the day or hour. In addition, unexpected risks such as epidemics can also cause revenue to plummet.
According to Mr. Van Hung, a homestay owner, operating a rental apartment is not a job that “sit back and enjoy the fruits of one’s labor”. To ensure a source of customers, he has to continuously post advertisements on social networks and even recruit collaborators to find customers.
“In addition, many large homestay systems invest very carefully and regularly renovate their interiors to reach young customers. This is something that small investors will find difficult to keep up with,” Mr. Hung added.
Note that the 2023 Housing Law has stipulated the prohibition of using apartments for purposes other than residence. On the other hand, renting apartments by the day or by the hour is an accommodation service business. Therefore, the short-term homestay rental model in apartments is a violation of the law and may be subject to administrative penalties.
Despite the above regulations, homestay rentals in apartments are still rampant. In fact, lessors are constantly advertising and “racing” to expand their scope of operations. Currently, most homestay apartments are concentrated in high-end apartment buildings of large investors.
Source: https://baodautu.vn/batdongsan/khach-thue-homestay-de-muc-so-thi-chung-cu-truoc-khi-mua-d250497.html
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