Our topic is about choosing the right investment or property now a days. Investing your hard-earned money is not a easy. If you are really decided to invest in Real Estate for your future and your looking for a property for a long term use and your main concern is the developer, you have to consider these reasons "why should I buy this property?"
Reasons to buy:
1. The Developer: There are lots of developers in the Philippines that build-and-build residential condominium and House & Lot projects, be wise in choosing developer and project. Look for the developer that is stable, reputable and established. Much better if your choice of Developer has an existing project with more 5 to 10 years. By then, you will see how the Developer maintained and established the community/project for long term use. And also how strong/good the quality of the structure and building type.
2. Professional Property Management (PPM): Projects with out PPM is like buying a property way back to 1980's and 90's (not well-maintained). Its very significant to a Village or Residential Condominium building to have a PPM, they will be responsible to the maintenance of the community and all the properties within the project. It will keep your property in good condition with regards to investment value. For Residential Condominium projects, PPM is also responsible for projects/properties with strong leasing potential for leasing out units on behalf of the unit owner (depends on the agreement of PPM and the unit owner).
3. Effective Space Planning: Of course, space is what we need especially for a family with more than 3 members. Space planning is important in a Real Estate Condominium project, look for the typical floor plan layout and ask how many units per floor. You will then see how the project will looks like if the number of units is too much or just for a Residential Condominium building. Well ventilated and high ceiling building and unit are the features and best factors to consider in choosing a property within the city, especially if your unit is facing Afternoon Sun, expect that your unit will consumed high electricity for the usage of air-con because the heat of Afternoon Sun cools-down till 6:30-7:00 P.M. So, high-ceiling and wide windows will help.
4. Good Investment Value: If you are an investor, the first factor you consider in buying a property is the price per square meter of the unit in a certain location. If the price per square meter of a unit is expensive, well your property has a good investment value. Usually the property increase its value yearly with a ROI (Return of Investment) for every 3 to 5 years, more or less 30%.
5. And lastly, Perfect Location: This is most important in choosing and buying a property, the LOCATION. For Residential Condominium project not only location but also the view, especially for High-rise buildings. In buying a Condo unit you're not only paying the unit, you're also buying the view, the features and amenities of the entire project. So choose a project with complete amenities and unique features in a perfect city!
I hope my post is helpful as your future reference in buying a property. Should you have comment or suggestion, feel free to send us an email directly to vistaresidences.investment@live.com
Thank you for reading. Have a great day ahead!
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