Why a Condo is the Best Investment in the Philippines
Aug 27, 2021
If you are a first-time investor, you would definitely be on the lookout for the best investment in the Philippines. It can be quite difficult to pick between stocks, mutual funds, insurances, and real estate. And if you do pick real estate, you also have lots of properties to choose from!
One of the popular properties in the Philippines are condos. Most condos are known for their wow factors, like their resort-style amenities and excellent community options like easy access to important establishments. Yet in the eyes of a first-time investor, he or she might see past these factors and ask, “But is buying a condo a good investment in the Philippines?
To all first timers in investing, this article will help answer your question. Read through the 10 reasons why yes, getting a condo in Primary Homes is definitely a worthwhile investment in the country.
1. A condo is a tangible and stable investment.
Perhaps you are familiar with the saying that seeing is believing. You can apply this saying in certain situations in your life, such as picking a condo as your real estate investment in the Philippines.
You can actually touch and paint the walls and furniture in your condo, compared to watching stocks go up and down on your phone. More importantly, you and your loved ones can use and live in the unit.
In addition, investing in a condo is one of the smart ways to invest during the pandemic because they are also stable. They are long-term investments that can increase in value over time, and they are not going to be as unpredictable as other investment options.
2. A condo is a good emergency option.
For example, you need to go to Cebu for long-term purposes. Where would you stay? You have to stay over a relative if they have enough space. But what if they don’t?
A secured and well-maintained condo in Royal Oceancrest Cebu is here to the rescue! You do not have to go through the stress of booking accommodations anymore.
In case you need extra funds, you can always use your condo as collateral for loans. A good check on your credit history, income, and properties will help your lenders evaluate that you are eligible for loans. With a good condo in your investment profile, you increase your chances of getting your loan approved.
3. A condo can be a good source of passive income.
Once we are nearing the age of retirement, our capacity to work is not the same anymore. Our movements will be slowed or limited, so we need the best investment in the Philippines that will enable us to earn passive income. And condos, being a perfect place for relaxation or people looking for rental properties, can be your best pick to do so.
It’s no surprise why real estate properties are great investment options for retiring Overseas Filipino Workers (OFWs). OFWs can save and purchase well-maintained properties while they are still in their prime years, then rent out their condos using digital apps without needing to constantly travel to and fro to their properties.
4. A condo has fewer financial risks for first-time investors.
Even first-timer investors know that investing in anything always comes with risk. But a condo, however, has fewer risks.
For example, investing in a condo does not always mean shelling out boatloads of money. In fact, it is one of the most common misconceptions in real estate investing. Most condos like Royal Oceancrest Cebu offer world-class amenities but also have workable payment options for potential buyers.
Remember that you also do not have to be a veteran investor if you want to pick a condo as your first real estate investment in the Philippines. Great condo properties under excellent management also have licensed real estate agents and developers that you can trust, and you'll always have them to guide you.
If you have property concerns and queries, you can always ask questions from these trusted and patient professionals like the team of real estate experts from Primary Homes.
5. A condo is a great choice for a forever home.
In case you are still not convinced that buying a condo is the best investment in the Philippines, keep this in mind: a condo is also a great option for a home!
Condos require less maintenance and repairs because the developers will be the ones doing it for you. Depending on the property, you also have access to cool amenities like wide swimming pools, relaxing green spaces, fun playgrounds, and more.
Also, condos are placed in strategic locations and in thriving communities. Royal Oceancrest Cebu is one example of such property, where it is located near major establishments and provides a safe and secure environment for condo dwellers.
Definitely, condos are great housing options to consider whether you are single, married with kids, or just recently married couples who are starting to build a family of their own.
6. A condo is definitely a legacy investment.
Whether you plan on building your own family in the future or becoming the rich, mysterious aunt or uncle that treats her loved ones a lot, you can always hand down your condo as a legacy investment.
Real estate properties are common heirlooms from one generation to the next, and you can be assured that your loved ones are staying in a great home for years to come.
Your kids and your loved ones will always have a place to go to for leisure or an option for their forever home. Plus, they can always use it as a source of passive income (like you did!) when times get rough.
Truly, condos are real estate properties that reward lots of benefits for their buyers. Whether you choose to have it as a vacation property or as your permanent residence in the Philippines, you’ll be sure to enjoy those benefits as a first-time investor.
To ensure that you have a well-structured unit with modern amenities in a secured and thriving community in Cebu, consult trustworthy real estate professionals only at Primary Homes.