On the other hand, if you are purchasing the property for your own use, think about how comfortable you will be with the environment. Does it have the amenities you like? Is it close to your place of work or to your kids’ school? Finding property you enjoy will make it worth the price.
When it comes to investment, buying real estate is generally a great option. Investing hard-earned money into a condo for sale will usually work for people in the short or long-term. One can have it listed for residential lease to earn passive income, which in turn can be used to pay off monthly amortization payments. If the property is located at a real estate hotspot, one can sell it at a premium.
A lot of real estate investors choose pre-selling condo as their first real estate investment. The advantage of pre-selling is that you don't need to have a lot of capital since more often you will only need to pay the down payment at zero percent interest which is spread over a period of several months until up to three months before date of turnover.
When looking for a condo unit for sale in the Philippines, there are a number of factors to consider. It would also be good to choose a condo based on the reputation and track record of its developer. This is the best way to avoid getting burned by pre-selling developments that are delivered late, or that may never be delivered at all.
It helps to narrow down the list. While not as seemingly in-demand as top condominiums in BGC or Makati (be it both in terms of pre-selling and RFO), here are some locations that still show great potential for a good ROI. If you’re looking to invest in Philippine real estate, snap up these locations before their prices peak.
Ultimately, it depends on a condo buyer’s lifestyle and financial situation on whether to go with a pre-selling property or one from the secondary market. If one is looking for a condo for sale in Manila that is ready for occupancy, a unit from the second-hand market is the best choice as it provides immediate opportunity to move-in and enjoy the property. If one can still afford to wait until turnover, it is best to go with a pre-selling property.
By all indications, condo developments in the country are not seen to slow down anytime soon. Everywhere in the metro, vertical communities are rising, providing even the most ordinary of Filipinos an opportunity to enjoy a modern condo lifestyle. The high-end market also continues to evolve and push the envelope, providing discerning homebuyers exciting and irresistible choices.
