When planning to buy your condo investment, one of the major factors to consider is location. Strategic location plays a good role when it comes to real estate investment. A good location is always the best one to choose from for a condominium investment because it boils down to accessibility and convenience.
Condominiums springs up like mushrooms in most of urban areas of the Philippines. The Philippine Real Estate industry has experienced tremendous expansion and stability in recent years. The country's tourism potential attracts many OFWs, migrant Filipino investors, and local investors. With the surge in real estate investments, more OFWs are looking for condo property in the Philippines. There is a demand in condo preference because it offers complete great amenities, comfort, and convenience to future investors, most especially to OFW investors.
Many OFW investors find themselves wanting to invest in something they can call their own. Every Overseas Filipino Workers wants to see their hard-earned money to a very safe and secured investment and one of the best way is invest in a condo property. Condos are always good as OFW Investment. Apart from having a long term investment, condos can also be another source of income and revenue even though they are not currently living in the country.
If you need more convincing to invest in a condo property, this article will discuss why condos are good as OFW Investment.
1. Safe and Secure Community
Safety always comes first. Your family’s safety is one of your utmost priority when investing in a condominium. Security is one of the advantages of living in a condo community. Many people invest in condos because they want to live in a safe and secure environment. Before you even enter the building, there are CCTV cameras installed, security officers who have been trained, and a thorough security check process.
2. Accessibility and Proximity
Purchasing a condo now is the latest trend in home ownership. Owning a condominium is practical, even if it is more appealing to Singles, Bachelors, young couples, or people with a small family. Most people in the Philippines are looking forward to experiencing and living city life these days. Condominiums are the most popular choice for those living from the provinces because they are closer and accessible to the city.
If your condo is situated in a strategic location, you will have access to the city center and entertainment areas. Choose a condo that is strategically positioned near a city’s transit hubs to ensure that you are always close to nearby establishments, malls, entertainment areas, hospitals and schools - definitely offers trouble-free and hassle-free living especially to those people who work in urban areas. Commuting time will be greatly reduces if you live in the core business center, which will improve your quality of life.
3. Comfort and Luxury
Condo offers top notch great value amenities and building features. Despite the fact that many people prefer house and lot, condominiums are still an excellent option because of all the benefits they provide. Convenience, luxury, and security are just a few of the advantages of living in a condominium, especially for people who work full-time. Fitness gym, swimming pools, clubhouse, and many other amenities are included in the list of luxury amenities. Although many people still dream of owning a house and lot, possessing a condo already entails one. Condominiums provide a similar level of living, but without the need to travel far to get to the city, maintain the property the grounds and gardens.
4. Hassle-Free Maintenance
One of the most appealing aspect of living in a condominium is hassle-free maintenance. The space is handy and you can get around in the area. Even if you live alone, cleaning and maintaining the entire unit would only take a few hours of your time. It’s practical, easy to manage, and more budget-friendly.
A condominium is the greatest place to live for retired couples, busy parents with children, or young professionals with promising jobs. You don't have to worry about mowing the lawn, repairing the roof, or cleaning the halls when you have someone else to do it for you.
Furthermore, most condominiums have tight sanitation policies. Disinfecting high-contact objects including door handles, elevator buttons, and handrails is a common practice.
5. Condo Value Appreciation
When it comes to real estate value appreciation, location is the most important component to consider. More individuals will want to relocate into a desirable neighborhood with a lot of development going on if the condo is located in that area. Because of the increased demand for housing in that location as a result of the influx of new residents, you can expect its value to rise even more over time.
The value of a property is also influenced by its features, amenities, and upgrades. A kitchen remodel, for example, could increase the value of a home when completed. Improving your property can help its value, but just make sure you choose wisely.
If you invest in real estate -- or even if you just own a home -- then appreciation should be top of mind.
6. Growth and Area Development
You should also evaluate the area's future development plans in addition to its proximity to existing businesses. In the long run, new developments such as schools, hospitals, transit hubs, and other civic and leisure facilities can boost property values in the neighborhood.
In addition to increasing the value of a property, improving the infrastructure and institutions of a neighborhood will result in a livelier and growing community, making it a desirable location to reside in the long run.
7. Wise Investment
Condos situated in the city increase their value over time. Like in Bria Condo, it is positioned at the heart of the city and is close to nearby establishments, malls, entertainment areas, hospitals and schools. A condo is the way to go if you want to get the good value of your hard-earned money. They're simple to obtain, and they quickly double in value. You can also choose to rent out your condo if you want to maximize the return on your investment. The rent paid by the lessee can be applied to your mortgage, and the apartment remains yours. Buying a condo is also made easier by the developer, banks, and other financial institutions' flexible payment terms.
In the long run, this form of investment would relieve the owner of stresses. He'll be able to relax knowing that he put his money where it will thrive, in addition to having fewer worries with property maintenance.
When investing in condo homes in the Philippines, OFWs can also help to stabilize their investment portfolios. Based on the market's ever-changing conditions, the value of stocks, mutual funds, and similar equities might vary and move up and down. A non-liquid investment, such as a real estate property, can help to balance out the consequences of these unpredictability changes.
"Invest in real estate," is one of the most common financial tips given to Overseas Filipino workers (OFWs) from time to time. A long term tangible asset. For Filipinos who have worked long and hard in other countries, it is the ultimate symbol of success. Hard work pays off when you see your condo investment growing and thriving on its own amidst the pandemic. To have a place to call your own and come home to is the finest reward.
Written by Princess Andos
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