In recent years, Vietnam's real estate has made great strides in the process of planning as well as constructing the most modern constructions. In particular, Hometel is also one of the prominent targets on real estate exchanges.
It is known that as soon as it was imported to our country and announced on the market, this product quickly attracted the attention of investment authorities and customers. Please refer to the following article to learn more information about this project!
Hometel is like a perfect "hybrid child", a perfect combination of hotel and family apartment model. Hometel is fully integrated with utilities like a cozy apartment, and is also equipped with modern facilities like a luxury hotel… so it can meet the needs of the most demanding customers. .
Almost all Hometels have a long-term use, the owner has the right to decide and owns full rights in the hotel apartment. But it is also because of doubling the utility and function of the product, so this service model is often more expensive than other products on the market.
The concept of a hometel
Hometel is a term that combines two words: Home (house) and Hotel (hotel), which can be called an apartment combined with a hotel. This is an apartment model that fully meets the standards of daily living, while inheriting the service chain like at a 5-star hotel.
Besides, Hometel has a long-term ownership (with a red book), the owner has the full right to use the apartment, which can be used for the purpose of living or investment for rental.
Difference between Hometel and Condotel
Similarities
Basically, Hometel and Condotel are equipped with self-contained equipment like a normal high-class apartment, enjoy the same utility values and services as a hotel. fees for maintenance and repair... but with Hometel and Condotel, there will be a management unit responsible for maintenance and upgrading when there is damage, so it always meets the standards of a 5-star hotel.
Difference
About the purpose of use: Hometel is a hotel apartment model that can be used for vacation or for rent. Condotel is a resort real estate.
In terms of ownership: Condotel operates in the form of Timeshare, which means that every year the owner has the right to stay for 15-30 days, the rest for the investor to operate and lease, and at the same time receive an annual profit according to the policy of the owner. Investor.
The Hometel apartment is granted a long-term ownership red book. Another feature compared to condotels is that hometel owners have full control over the rental plan, without having to share profits with the investor.
About location: Hometel is located in prime locations in big city centers, while Condotel is often located in resorts, especially in coastal areas.
About design: Hometel is built like a regular house in the form of villas, adjacent. Condotel is designed like high-rise buildings located close to the sea.
Hometel – Condotel's most formidable rival
In fact, Condotel is a resort real estate model, so the license term is 50 years. Therefore, the buyer is only granted a temporary title certificate for 50 years. At the end of the specified period, the customer must return the product in accordance with the specified contract. Coming to Hometel, we have the opportunity to own long-term and the owner is granted a red book equivalent to other real estate models.
When you have bought a Hometel, you have the full right to decide whether to use it to live in, or to sell it, to rent it out... and make a profit of 100% for yourself without having to share it with the investor. For Condotel services, you will have the decision management from the investor, the profitable product will have to be divided to the investor.
That is why Hometel is the most formidable competitor of Condotel, and at the same time, Hometel also brings a new breeze to Vietnam's real estate market, minimizing shortcomings and promoting strengths for investors. New playground added.
Above is information about what real estate is and other content related to this field. AHS hopes the above article has answered your questions, if you need more information, you can contact us immediately!
