2-Bedroom units: Suitable for you? Investment and Sales Tips

2-Bedroom units stand out as a sought-after condominium type in today's market. Projects typically offer a restricted number of units, targeting a specific demographic. Prospective buyers often view 2-bedroom condos as their primary residence. Prior to making a purchase decision, it is crucial to weigh factors like lifestyle preferences. PropertyScout will deliver valuable insights into the lifestyle that complements this unit type and provides effective strategies for a seamless and prompt sale of 2-bedroom condos.

Introduction

2-bedroom units represent a prevalent size category in conventional condominium developments. Generally, these condos feature a moderate number of units—fewer than studio or 1-bedroom condos, yet often surpassing the quantity found in more spacious 3-bedroom or penthouse units. It's worth noting that certain upscale projects may offer an elevated number of 2-bedroom condo units.

Appearance

As the name implies, a 2-bedroom unit features two bedrooms inside. In most cases, these types of units have one master bedroom and one smaller bedroom.

The master bedroom can house a bed measuring 5 feet and above, while the smaller bedroom can house a bed measuring 3-3.5 feet and above. You also have the option to repurpose and customize one of the bedrooms for various purposes.

Spaciousness

Moreover, these units typically boast expansive living spaces, a separate kitchen, and 1-2 bathrooms, along with a balcony. They are usually positioned on higher floors or at the corners of the building, providing superior views compared to 1-bedroom or studio units. However, this elevated positioning comes with a commensurate increase in the price point.

Size

Most 2-bedroom units come in at around 50-100 square meters in size, depending on the price.

2-Bedroom units: Are they suitable for you?

A 2-bedroom condo, featuring generous living space, proves ideal for small families with one child or individuals desiring versatile room functionalities. Clearly defined proportions encompass features such as bathrooms commonly equipped with a bathtub, and kitchens well-suited for serious cooking with room for a microwave and a double-headed electric stove.

When considering future family plans, the second bedroom can be repurposed as a home gym or office, making it ideal for remote work. Moreover, 2-bedroom condos usually include designated parking, ensuring convenience. Nevertheless, larger spaces entail higher costs, encompassing both unit prices and common area fees, underscoring the importance of financial preparedness for potential buyers.

2-Bedroom unit investment tips

As mentioned, while 2-bedroom condos may target financially-prepared customers, the limited number of units in each project creates opportunities for both rentals and selling. Let's explore the characteristics of individuals interested in residing in these spacious units.

Who might be interested in 2-Bedroom units?

• Small families with one child and an elder or relative.
• Individuals who prefer to work from home.
• Individuals who prefer panoramic views.
• Individuals who prefer designated parking spaces.
• Expats.

Tips for successful rentals and sales

While 2-bedroom condos offer investment potential for rentals or resale, it is crucial to attract tenants or buyers. This can be achieved through the following methods:

Cleanliness is key

Without a doubt, cleanliness holds paramount significance for everyone. Hence, it is recommended to keep hand sanitizer readily available for visitors and maintain regular cleaning both before and after room visits. This practice instills confidence and alleviates concerns about cleanliness for potential tenants or buyers.

Set a realistic rental or sales price

The price is frequently the primary consideration for tenants or buyers. Evaluate the price in conjunction with various factors to ensure its reasonability, avoiding losses or excessive costs. Conduct a comprehensive assessment by comparing market prices within the same condominium or in nearby neighborhoods.

Decorate

Enhancing the décor of your condominium is a means to enhance its value. Renovations that impart a fresh feel or cater to specific needs, such as accommodating remote work or offering fully furnished options, can generate interest. It's recommended to avoid excessive decoration and lean towards a minimalist style, creating opportunities for tenants or buyers to personalize the space according to their preferences later on.

List on a website

By listing for rent or sale on websites, you significantly enhance the property's visibility. It's essential to opt for reputable platforms and provide comprehensive details in your listing, including crucial information like price, floor space, and location. Above all, leverage appealing images to effortlessly capture the attention of potential tenants or buyers.

Enlist the help of real estate agents

Enlisting the expertise of a real estate agent can streamline the leasing or selling of your 2-bedroom unit. Real estate agents come equipped with experience in leasing or selling and possess valuable insights into the demographics of customers seeking this specific unit size. They can offer advice on decoration, emphasize strengths, and aid with various documentation, making the entire process more efficient for you.

Bottom Line

While 2-bedroom units may come with a higher price tag, they meet diverse buyer needs by offering not just a residence but also investment opportunities for leasing or resale. The spacious layout allows for the flexible use of an additional room, suitable for guest accommodation or various purposes.

In some cases, corner units or additional parking privileges can be secured. Consequently, they are ideal for families, accommodating parents, children, or friends. A bedroom in a corner position can provide panoramic views from both sides.

However, the expanded space often entails a higher price and necessitates more extensive maintenance. Therefore, careful consideration is advised before making an investment decision.

Looking for an upgrade? Check out our excellent selection of 2-Bedroom condo units below!