5 Popular Types of Rental Properties

5 Popular Types of Rental Properties

Ho Chi Minh City, Vietnam is becoming a top destination in Southeast Asia for investors who want to look for an ideal place to put up a business or to relax, entertain, shop, and enjoy life with the family. With various opportunities for the adventurous spirit, it’s also a great time to look for property in the city that you can call home.

These are the top five popular rental property types in the country that you should check out.

Normal Apartments

How does an apartment differ from a house and a serviced apartment? An apartment in its most basic definition is a rented living space within a residential building that distinguishes it from a condominium. A normal apartment could have one or more rooms, which is ideal for an individual or a family. There could be several apartment units in one residential complex, but each apartment is self-contained and may be owned or rented. An apartment should have all the basic rooms a person will need such as a bedroom, kitchen, and bathroom, but there are other types of apartments that include other features and amenities. A studio apartment for example, is ideal for one person because it only has one room that functions as dining, living, and bedroom with a small bathroom and kitchen. A garden apartment is usually surrounded by landscaped areas similar to a townhouse, while a loft apartment consists of several unit housed within a multi-story building. The definition might seem to blur with other type of apartments available nowadays, but most apartment units are by definition studio units ideal for a small family or an individual only.

Serviced Apartments

A serviced apartment is a high-end type of rental property that includes all the basic amenities of a normal apartment, but has other services provided by the landlord. This means that the serviced apartment includes scheduled cleaning services, repairs, maid services, and other perks you might usually find at a hotel. This type of apartment is ideal for persons looking to get something extra from the deal, plus better space, utilities, privacy, and a longer stay. The idea of a serviced apartment is to provide the best luxurious space to make the tenant feel at home, but unlike staying at the hotel, you can still prepare your own meals and enjoy your time the way you want to without having to pay for the use of the facilities, because the lease contract includes the entire package. Like most apartments, however, a serviced apartment not only has private spaces but also common spaces for all the occupants.

Detached or Row/Street House

A detached house is a free-standing structure not unlike a regular family-owned house with its own private patio, parking area, and garden. The detached house can also be a single-story or a multiple-story structure with other amenities such as a pool, boundary fences, driveway, and garage. This is different to a row house or a street house that are constructed side-by-side with other units. The row house might be a multi-story complex similar to an apartment, but they usually have more floor space and the lowest levels may be occupied by offices and shops. A row house might be similar to an apartment complex, but the latter usually has a common area and the building consists of staircases, elevators, and pathways for everyone. Unlike houses, the apartments are also furnished with furniture and appliances by the landlord, ideal for expats who want to stay in Vietnam for a short time. Like the villas, the house rentals are designed for long-term stays and for families who need bigger spaces for work and study. How do you choose between an apartment and a house rental? The former is recommended for one or two persons, but houses are bigger and better for families who are on a budget. The houses are also a lot cheaper than villas in Vietnam, although it is more difficult to find houses for rent than both apartments and villas in general.

Room Rentals

Room rentals are smaller than apartments and houses, because the unit consists only of one room similar to a studio apartment. Like any residential space for rent, renting a room does not mean you are not entitled to the same basic amenities such as water, electricity, privacy, and parking space. But you should also look for proper heat and air conditioning systems, Internet connection, storage, and communal areas. Renting a room might be more practical for single individuals than a studio apartment, because the former is usually more affordable. It’s also a perfect choice for students and people who want to share the rent with a housemate if they are on a tight budget. Look for rooms that are near the school and commercial buildings, although you will probably have to pay more for the rent because of the prime location.

City Villa

A city villa is similar to an apartment or a detached house, but it facilities and amenities are usually of a higher standard. One key difference of a city villa from the other rental property types is the surrounding garden, pool, and access to other features you will usually see in hotels. A villa also includes a garage or car park, several rooms, fully-furnished kitchen and dining area, large living area, entertainment system, pool and/or jacuzzi, and access to common areas such as the pool, game courts, golf course, beach, gym, and others. Some city villas also provide in-house staff and services for a truly luxurious experience. When looking for a villa, consider the location and the nearest commercial districts, the features included in the contract, the layout, and the size of the unit.