The Philippines' real estate industry is skyrocketing. In fact, according to Philippines Daily Inquirer, 2014 is the unprecedented year for real estate investments in the country. With that said, it's only logical to say that now is the best time to invest in a home. Of course, the question will always boil down to which type of property is the most ideal to buy-land, house and lot, or a condo unit.
Land may be a good long-term investment, but you should be ready to shell out some amount of money to build your home or your land will sit unattended for years. A house and lot is ideal, but it's quite expensive especially if the location is in prime urban areas. On the other hand, a condo unit is not only cost-friendly, buying it is practical as well. Here's why.
Affordable
The mortgage that you'll need to pay for the condo is equal to the amount of your monthly rate for renting an apartment, considering that both have the same size. Of course, the price for the down payment of the condo is excluded, so you'll have to save for it or apply for a loan from the bank to help you cover the cost. However, since there is a lot of affordable condos in Manila, finding one which will fit your budget is easy. But if you're in doubt whether to buy or rent, you may use interactive calculator online to know which is best in your current status.
Be able to get help with the maintenance
When you live in a land or house and lot, you'd need to do a lot of up keeping. There's the garden to trim, the driveway to clean and the whole house to dust and mop. If you're lucky, you'll be even caught up in the roof that needs repairing. Now that's a lot of maintenance that require effort if you want to keep your house to its tip top shape.
On the other hand, if you live in a condo, the property management will help you maintain the whole building except for your own condo unit, unless you want them to barge in your property and invade your privacy. But pun aside, a lot of maintenance work will be unloaded from your shoulder if you live in a condo. You just have to pay the monthly dues, which most likely costs a thousand or two.
Condo comes with awesome amenities
Pool, sauna, gym, tennis courts and hotel-like lounges -- these often come with the condo property that you buy, especially if your condo is developed by premium real estate developer in the Philippines. Hence, when you live in a condo, it would seem like you're part of the exclusive clubhouse for an elite community, only now you don't have to go out of your way to enjoy such lifestyle because it's within the condo property.
You're free to renovate your unit
Unlike apartment renters, condo owners have full control of their units. This means they can design the place as they want. Many people have enjoyed designing their own unit that condo designing has become a trend.
Community living
Since there are public areas in a condo building, you'll have a lot of chance to strike conversations with your neighbors-and get to know them. There are also condominium developers that build townships in their condo properties so their condo buyers can experience a complete living-it's as if you are in a community. It's just that this time you're in close proximity with commercial centers, recreational and dining areas.
Convenient location
Situated in the heart of the city, most condo units are very accessible to every business hub in Metro Manila. For example, there's the Space Romualdez,Taft, U-Belt and San Marcelino, condormitels strategically located on the busy streets of Manila.
Peace of mind
Regardless of whether you're a professional or a student, you tend to spend most of your time outside, either in the office or at school. Your home then sits empty with no one to watch out for it. If you live in a house and lot, your home has a high chance of getting robbed by thieves. But when you live in a condo, it's almost impossible that you'll fall victim to these prey because your unit is secured. There are security personnel and CCTV cameras all around. So leaving your home behind would be a breeze.
These are just a myriad of reasons why condo is better than house and lot or land. If you open yourself to all these possibilities, you can take advantage of living a convenient lifestyle while saving tons of money. Now, isn't that a win-win situation?
Sam Millendo writes for Major Homes, the premier property developer in the Philippines. They are the first company to offer condormitel-- an all-in-one condominium, dormitory and hotel for investment and living needs. For details, visit their site at http://www.major.com.ph/.
Article Source: http://EzineArticles.com/?expert=Sam_Rebadeo_Millendo
Article Source: http://EzineArticles.com/8633440
Land may be a good long-term investment, but you should be ready to shell out some amount of money to build your home or your land will sit unattended for years. A house and lot is ideal, but it's quite expensive especially if the location is in prime urban areas. On the other hand, a condo unit is not only cost-friendly, buying it is practical as well. Here's why.
Affordable
The mortgage that you'll need to pay for the condo is equal to the amount of your monthly rate for renting an apartment, considering that both have the same size. Of course, the price for the down payment of the condo is excluded, so you'll have to save for it or apply for a loan from the bank to help you cover the cost. However, since there is a lot of affordable condos in Manila, finding one which will fit your budget is easy. But if you're in doubt whether to buy or rent, you may use interactive calculator online to know which is best in your current status.
Be able to get help with the maintenance
When you live in a land or house and lot, you'd need to do a lot of up keeping. There's the garden to trim, the driveway to clean and the whole house to dust and mop. If you're lucky, you'll be even caught up in the roof that needs repairing. Now that's a lot of maintenance that require effort if you want to keep your house to its tip top shape.
On the other hand, if you live in a condo, the property management will help you maintain the whole building except for your own condo unit, unless you want them to barge in your property and invade your privacy. But pun aside, a lot of maintenance work will be unloaded from your shoulder if you live in a condo. You just have to pay the monthly dues, which most likely costs a thousand or two.
Condo comes with awesome amenities
Pool, sauna, gym, tennis courts and hotel-like lounges -- these often come with the condo property that you buy, especially if your condo is developed by premium real estate developer in the Philippines. Hence, when you live in a condo, it would seem like you're part of the exclusive clubhouse for an elite community, only now you don't have to go out of your way to enjoy such lifestyle because it's within the condo property.
You're free to renovate your unit
Unlike apartment renters, condo owners have full control of their units. This means they can design the place as they want. Many people have enjoyed designing their own unit that condo designing has become a trend.
Community living
Since there are public areas in a condo building, you'll have a lot of chance to strike conversations with your neighbors-and get to know them. There are also condominium developers that build townships in their condo properties so their condo buyers can experience a complete living-it's as if you are in a community. It's just that this time you're in close proximity with commercial centers, recreational and dining areas.
Convenient location
Situated in the heart of the city, most condo units are very accessible to every business hub in Metro Manila. For example, there's the Space Romualdez,Taft, U-Belt and San Marcelino, condormitels strategically located on the busy streets of Manila.
Peace of mind
Regardless of whether you're a professional or a student, you tend to spend most of your time outside, either in the office or at school. Your home then sits empty with no one to watch out for it. If you live in a house and lot, your home has a high chance of getting robbed by thieves. But when you live in a condo, it's almost impossible that you'll fall victim to these prey because your unit is secured. There are security personnel and CCTV cameras all around. So leaving your home behind would be a breeze.
These are just a myriad of reasons why condo is better than house and lot or land. If you open yourself to all these possibilities, you can take advantage of living a convenient lifestyle while saving tons of money. Now, isn't that a win-win situation?
Sam Millendo writes for Major Homes, the premier property developer in the Philippines. They are the first company to offer condormitel-- an all-in-one condominium, dormitory and hotel for investment and living needs. For details, visit their site at http://www.major.com.ph/.
Article Source: http://EzineArticles.com/?expert=Sam_Rebadeo_Millendo
Article Source: http://EzineArticles.com/8633440
No comments:
Post a Comment