7 Reasons To Invest in a Condo

Annika — Sun, 23 Aug 2020 03:40:57 +0000

You’re probably looking for a good opportunity to make the most out of your investment. Perhaps, some of you are planning to put up a small business, while others are thinking about investing in a condominium. Either way, it’s a good start. But when you talk about making a wise decision, buying a condo is on the advantage side. Real estate in the Philippines is a solid growing investment in recent years. With its steady growth, more and more homebuyers are into the investment.

Although homebuyers may go through a lot of work to make sure they get the best they can have, buying a condo is worth your time, effort and most especially your money. Moreover, condominiums nowadays are highly practical and can be your safest bet when it comes to investments. To give you an idea, we list down some advantages and reasons as to why you should invest in a condo and grab this opportunity.

Reason #1: A Condo is an Investment

Did you know that buying a condo alone is already an investment to make? It does not matter if you plan to rent it out or live in it, condo buying is one of the most popular and successful investment one can make. Of course, you do not have to think hard about the things you need to do to achieve your goal. As the years passes, the value of the condo unit or property increases. That only means, whatever you do with your condo unit, it is still your gain.

Reason #2: Condos Do Not Require Upkeep

This is also one of the reasons as to why many homebuyers want to invest in a condo unit – they do not require maintenance. That means, for those homeowners who are not a fan of mowing their yard, pulling weeds, repainting the house, or doing hassle chores, especially when you do not have enough time to do all these things, then buying a condo is suitable for you.

Reason #3: You Can Take Advantage of the Amenities

Apart from the fact that condos do not require upkeep, homeowners are also able to enjoy the amenities. The moment you buy a condo, you also get to buy the rights to some amenities to condo have. Homeowners do not need to go far just to go to the gym or swimming pool since you already have access to the pool, an on-ground gym, and more.

Reason #4: You Have More Space

Condominiums like Amara offer bigger spaces than any other properties. Condos are also best especially when you have a big family to live with you. That means you get to have your own private space without worrying about the traffic flow in your home. In fact, homebuyers get to choose a particular size for their home. Moreover, if you want more, then condos can have some pretty good deals for you to avail.

Reason #5: There is a Sense of Community

Buying a condo unit does not just end up with your new home, you can also gain a lot of friends through socializing with your neighbors. Perhaps, you can make some good friends through participating in the community’s Homeowners Association (HOA). With this, you can get to appreciate being a part of a group making the community even better while getting to know your neighbors.

Reason #6: Condos in Key Cities Have High Resale Value

If you have plans to go for a buy and sell a property, then invest in a condo. Condos especially that are located in the major cities have higher resale value than any other types of properties. As time passes, the value of a condo unit rises with inflation, the improvements of the building, and the overall appeal of the condo. All these advantages of owning a property make it more valuable than the others. Moreover, condominiums have a competitive market. That means, it is not hard to find a buyer whenever you want to sell the unit.

Reason #7: Condo Units are Easily Transferable

Investing in a condo unit is one of the most particular ways to transfer wealth. For most parents, they find it hassle free and practical for their children. Since most condos are located in a prime location, it would be easier for them to go to school or workplace. Moreover, parents find condos convenient and safe than any other apartments.

Whether you realize it or not, there are many reasons as to why condos are one of the best investments you can make for your future. Although some of you might not realize it yet, eventually, you will realize how condo investment makes a great impact on your life. Do not waste your time thinking too hard whether buying a condo is worth it or not, because it is worth it!

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3 Things to Consider Before Buying a Condo

Annika — Sat, 22 Feb 2020 05:07:45 +0000

Buying a condo needs a lot of things to be noticed. There are a lot of things that you need to consider before buying a condo for yourself. This needs a lot of research and a lot of thinking. The condo sales are very high and are expensive too. Before buying a condo people think of a lot of things before buying a condo. A condo can be affordable for the young people who can’t afford expensive places for their stays.

Things to Consider before Buying a Condo

Hire a lawyer
Prepare yourself with everything that comes your way
Check for amenities
Know the people that live around

Hire a Lawyer

When you’ve decided to buy a condo you need to consult a real estate agent to help you with the

purchase. You should hire a lawyer which is good in the property dealing. This way you can get a lot of help and there is nothing you can do which can turn wrong.

Prepare for Everything

Whatever comes your way when you’re finding a condo, you don’t have to worry about anything. Just prepare yourself for the consequences and get ready to face everything. You have to select the place you want to find a condo in and then prepare yourself what comes your way. There are so many things that might be amazing a

nd something’s that can be for the worst. All you have to do is be ready and don’t get bothered.

Check for Amenities

When you have purchased a condo the last thing you would not want to see happen is that there is no service. Before purchasing a condo check for all of the amenities that are offered. See if you are happy with the services being given to you. You can ask for the facilities given to you and purchase the condo after checking everything.

Know the Neighbors

The best thing that you can do when you are buying a condo is to know your neighbors. This way you can get to know what the place is all about and you don’t have to be left behind with the things going on. You can be friend with people so that they can tell you about the negative things about the place and get the place in the best price ever. As there are a lot of types of houses, there are a lot of types of people. When getting to know your neighbors, you can get the help that you need in purchasing the condo.

When you’re about to find a condo, there are a lot of things that you would want to check. You can’t buy a condo without liking the place and checking for everything that is in it. It might seem hard but you can try and have a lot of help with an agent. The help can be given to you by a friend too or anyone who has been to the condo before. You can check it carefully and get ready to purchase it.

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Qualities of a High-Value Condo Unit in the Philippines

Annika — Wed, 10 May 2017 04:00:13 +0000

Real estate is undeniably one of the highly prolific businesses here in the Philippines. Such is evident among the rising towers, condominiums, and other stellar establishments that are constructed around the corners of the archipelago.

For people looking for a quality residence in the city, apartments and condos are the top options. For residents who can afford and want maximum convenience and access to community services, then the latter is the go-to choice.

Today, we’ve listed few qualities of condominiums that are guaranteed to be a suitable area of residence for you or your family. Have a quick look.

Accessible location near strategic landmarks

Sought after condo in Manila, Philippines are those that are located in areas near major modes of transportation. They can be accessed by private vehicles but can easily be reached when you’re using public means of transport too.

These units are also found near strategic places such as shopping malls, restaurants, resorts, big churches and any establishments which residents will most likely visit during their free time. Their accessibility is a significant advantage since this allows families to go around the area and secure their needs without much hassle. It’s also more convenient for work purposes.

Modern design and fully furnished spaces

Looking for items you want to place inside your condo is an excellent way to add a touch of personality in the place. But if you’re someone who doesn’t mind much customization and would like to go for units that already have completed furniture, then fully furnished residences are your best options.

Aside from the compatible furniture that they have, you also won’t have many issues when it comes to the transfer. It’s ready for occupancy whenever you wish to hop in.

Safe and conducive location for family residence

One crucial factor that determines the level of comfort you feel when residing in a place is their standard of security. All top-notch condo units have a tight security in common. They make safety a priority and ensure that the best measures are taken to protect the residents from potential outside threats.

Has a potential high market value few years from the actual purchase

Determining the market value of a property can be tricky. After all, the industry’s fluid and it can change depending on the status of the economy. However, there are basic ways to determine the potential value of the property from its current price. To get an idea, you can always ask the aid of real estate consultants. Companies who sell condo units should have their resident experts who are capable and willing to answer your questions.

To keep the place habitable, it’s also vital that you do your share of keeping it clean. Invest on maintenance and fix things that need to be fixed as soon as possible. The more you can keep your unit functional, the better is its chances of being priced high should you decide to sell it in the future.

One nice thing about real estate is its potential to be sold out at a good price even after years of usage. Granted that you take good care of the property, you’ll have an easier way of promoting it later to prospect buyer.

As for now, though, your focus is to find the unit that would fit your needs and lifestyle well. Use the qualities we have listed above as your criteria!

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