MARKET RESEARCH SHOULD be carried out as to whether people would be open to buying or renting pared back properties without fitted kitchen and wardrobes, if it meant the price would be lower, according to a cost of construction report.
The reason cited for this, is that in some European locations reviewed it is common to sell or rent apartments with exposed concrete slabs – such as bare ceilings and no floor finish.It is also common for apartments to have no fitted wardrobes, no light fittings and sometimes minimal or no fitted kitchen.
Market research should also ask buyers and renters if they would be willing to buy or rent a property that only has one bathroom and no ensuite, and if bare ceilings with electrical services visible would be considered acceptable. Read Next Related Reads Over 1,000 homes being bought by local authorities as part of tenant in situ scheme, Varadkar says Govt plan to boost building: Cost-rental units subsidised and development levies scrapped
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