Reasons Why Condominium Is A Good Investment
Condominium Investment is an entry-level investment now adays. You can see a big number of rising condominium buildings right now in major cities in the Philippines like Cagayan de Oro, Davao, Cebu, and Manila. But the sad part, majority of the Filipinos don’t have any idea about this condo investment. Mostly some of us think that this Condo thing is for “Sosyal and for rich people only” which it’s very wrong. But instead, turn condominium into investment.
The condominiums in Cagayan de Oro are rapidly growing because of the investment mindset of the new generation.
Who doesn’t like a Return of Investment? Who doesn’t like to grow their money in a good opportunity?
If this investment is doing right then you’re a successful businessman/businesswoman. Location is one of the most important but I will tell you that established and trusted condo developers are not stupid to build their condo projects at locations where no one would be interested.
We will share to you what are the benefits of this booming industry, condominiums.
- The condominiums appreciate in Value which is almost consistently higher than the inflation rate.
- Condo investing is considered a SAFER area of real estate INVESTMENT and is a perfect alternative for more risk-averse investors.
- If you are a long term type of investor/s then a condo is a perfect fit for you because of the condo also great for long terms.
- FINDING an OCCUPANT for a condominium apartment is also relatively EASY, as vacancy rates are extremely low in many major cities in the Philippines like Cagayan de Oro, Davao, Cebu and Manila.
- In the case of management and maintenance, the condominium corporations will take good care for you to make you feel convenient. With the help of the management of the condo, you can now focus more on the investment facets of the property and NOT TO WORRY about maintenance and upkeep.
- Condominium owners are protected by the bylaws and regulations set up by the condominium corporation.
- Investing condo is cheaper than to invest a house property because of houses of similar sizes in the same neighborhood cost even more.
- Small spaces are becoming much more accepted in the renter community.
- If you invest in Condo it offers also the convenient and luxurious lifestyle of the condo owners because its buildings are located near shopping and transportation centers, equipped with services and amenities like gym, swimming pool, 24/7 security and many more.
- New development condos typically have a generous deposit structure, so you don’t need to put down 20% immediately.
Advantages of Investing Condo
Condo investing comes with some advantages over single-family homes. These make them ideal for savvy investors seeking a higher rate of return and an easy time managing their properties.
Some of these advantages include:
- Renters have a shared sense of community
- The purchase price is lower than for single family homes
- Equity and tax advantages
- You can fetch a premium resell price or monthly rental for your condo unit
- Renting out your condo is cheaper due to shared building maintenance costs
- The rules governing condos benefit landlords and limit tenant bad behavior
- Homeowner rules also make managing condo properties easier for investors
Despite the Martial Law in Mindanao, still, the Condominium industry in Cagayan de Oro is booming. Aside from the Kagay-anons, there are condo owners/investors also from the neighboring cities of Cagayan de Oro.
If you are interested to invest a Condominium you can contact us thru this email address dingdans@gmail.com or you can leave a comment to this post.
For investors looking for an entry-level investment, or more experienced investors looking to take advantage of demographic changes, condos are a great investment.
