People in smart business attire offering passersby flyers for condominium (condo) units—this is a usual sight in any major mall
, and most of the time it’s also common to see these people being turned down. It’s easy to understand why many would be reluctant to shell out their hard-earned money on condos, especially those that are still pre-selling or are still in construction. However, there are good sides to it that should not be overlooked. Here are five reasons why a getting a Metro Manila condo is a good investment strategy.
Maintaining a condo unit is not much of a hassle.
There’s no need to run errands all the time to take care of your condo.
Owners don’t have to worry about mundane inconveniences such as bills, insurance, maintenance, and utilities, especially if they plan to lease the condo. As long as their property is under a professionally-run rental pool, an arrangement in which condo owners agree to make their units available for rent by an operator or an agent —the place is in good hands. Through this setup, the operators see to it that the unit stays in marketable condition.
Condo units have a high resale value.
You can still make money after you use your condo.
Real estate properties appreciate over time. This means that if a person invests on a property now, his/her money would have grown after a few years’ time when the property’s value has increased. This principle is also applicable to condos. If someone buys a unit today, he/she can resell it at a higher rate when its value has appreciated. Units that are in great locations or have other key selling points are more likely to generate a higher resale value.
All in all, a condo can be a great investment if it meets a person’s needs. If any of these tips convinced you to get one, let us know in the comments section below!