2FLAT OR ROOM & PARLOUR SELFCONTAIN: WHICH YIELDS MORE REVENUE IN RENT?




2Flat

What is your answer to this question? Well, building a 2flat for your own residence is not bad. But if you want to maximize profit, it is better to go for room and parlour selfcontain. Lets assume that both buildings are at Ugbighoko quarters, Upper Ekenwan Road, Benin City. Now picture this scenario: Mr Abu decides to build 2flat on a 50 by 100feet land space and rents it out at N150,000 per annum each. This totals N300,000 revenue from rent.

On the other hand, Mr. Ojo decides to build 5Room- and- parlour selfcontain on 50 by 100feet in the same locality. Each room and parlour selfcontain goes for N120,000 per annum. Therefore, Mr. Ojo’s total annual revenue from rent is N600,000(5 multiplied by 120,000)
ROOM & PARLOR SELFCONTAIN

The difference is clear, room and parlour selfcontain yields more revenue in rent. Feel free to contact us for your building project. Please, drop your comment below.

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