You’ve most likely heard that you can invest your hard-earned money in a condominium unit. Well, you heard that right! With the right property developer, you can be sure that you can eventually get a return on your investment.
A condominium is an investment that should give you the most value for your money. However, finding a profitable condo investment in the Philippines can be tricky. Just look around you. New construction and condo developments are sprouting like a wild mushroom. So, which one do you choose?
Worry not because we listed down the qualities of a smart condo investment if you are looking for condos for sale.
A good condo investment is hinged on its location, which also ensures a high resale value. A strategic location should make everything you need within your arm’s reach. It is somewhere within walking or short driving distance to public transportation, central business districts, schools, malls, and tourist destinations.
While most prefer a location close to the city, there are some who prefer a condominium lifestyle in suburban areas. These condominiums offer a relaxed lifestyle much like a vacation, making it perfect for retired couples and older individuals looking for a serene environment that’s close to nature.
Size of the Unit
The size of the condo unit to purchase would also depend on the location of the building. For instance, a two- to a three-bedroom unit can be profitable if the building is located in a Central Business District, where a lot of working couples are starting their own families.
For condominiums located near tourist destinations, you may opt to choose a studio or one-bedroom unit. If the condo is near top schools and universities, invest in a studio unit and have it rented out to students. Or, get a bigger unit, and have it renovated into a dorm-type unit. A studio or one-bedroom unit is also a popular choice for young and single professionals looking for a halfway home near their workplace.
Sensible Amenities at a Reasonable Cost
Condominiums do not just sell space, but the whole lifestyle. This is where thoughtfully-designed amenities come into play.
Choose a condominium with recreational facilities such as a gym, a swimming pool, a playground, function rooms, a game room, and other amenities that cater to the whole family.
The great thing about condos is that it offers a comfortable lifestyle at a more reasonable cost. A beautifully designed lobby, reception area, and common areas also contribute to one’s condo living experience.
Enjoying a condo lifestyle should not compromise your safety and security. Be sure to invest in a condo that guarantees round-the-clock security system and a reception area that screens all guests. Contemporary condos also boast of state-of-the-art CCTV systems for added security.
There are a lot of property developers in the Philippines, but only a handful of reputable ones can ensure a properly maintained condominium. Have you ever noticed some condominiums looking old and almost dilapidated?
Finding a reputable developer is vital in your investment. Top notch developers only use the best materials, furnishings, and fixtures to ensure that the company holds true to its promise.
Don’t hesitate to research on existing and even pre-selling condominiums to find out the developer of those that you like.