Etini
Valued Contributor
An event center is a place where people pay to host their events. If a person has land and wants to build on that land, would it be more profitable to build an event center or build a residential property and rent it out to people?
To answer this, I would say that it depends on the location of the land. If the land is located at the heart of a major city, I think it is more profitable to build an event center. With an event center, you earn income from it almost every week if not more frequently. Rent payment happens just once a year.
The downside to building an event center is that it requires a huge capital outlay than a residential building. It has to be aesthetically excellent for it to attract people to host their events there. Beyond that, I think a real estate investment in an event center is more profitable than a residential
To answer this, I would say that it depends on the location of the land. If the land is located at the heart of a major city, I think it is more profitable to build an event center. With an event center, you earn income from it almost every week if not more frequently. Rent payment happens just once a year.
The downside to building an event center is that it requires a huge capital outlay than a residential building. It has to be aesthetically excellent for it to attract people to host their events there. Beyond that, I think a real estate investment in an event center is more profitable than a residential