Condominiums in the Philippines steadily grew in the past few decades. From office buildings to residential, the surge of condominium buildings have created a new way of life for modern Filipinos. It provides a new way of living for families, temporary homes for tourists, and gives a new avenue for Philippine real estate market to strive.
Over the years, more and more people are interested in renting or investing in condominium units instead of investing on a house and lot. It is no secret that there are disadvantages in living in a condominium but there are significant benefits as well.
Here in BedandGo Real Estate, we offer units both for rent and for sale to clients who are looking for high-quality condominiums and japanese hospitality. But is it worth it?
Here are the benefits of investing in condominiums:
Maintenance Living in a condo means that there are property managers and staff that will do maintenance for you. If you have a busy lifestyle, you can assign experienced people to handle major chores and repairs to your unit.
Security Condominium buildings are equipped with tight security systems and trained security staff to protect homeowners and their units. Condominiums have locked and gated entries, gatekeepers, and especially now during COVID-19 pandemic, trained personnel that will filter people to prevent the spread of the virus.
Amenities Most condominium buildings have great amenities such as pools, fitness centers, well-maintained gardens, function rooms, waiting areas, lifestyle, and entertainment venues.
City Life Here in the Philippines, condominiums are often found in the heart of the metro. Condominium buildings are the epitome of City Life and provide access to new restaurants, go shopping, and check out live shows. Not only that, it’s close to business districts that will make your morning commute to work easier. This lifestyle is perfect for people who loves living in the fast life.
High Quality Living Living in the metro means living in an urban lifestyle. Perfect for young professionals and growing families to experience high quality service and a system perfect for each lifestyle.
Investment Buying a condo is a good investment in the long run. If one day, you decide to live somewhere else, you can sell your unit for a higher price or even lease the unit for tenants. It can also be a means to settle down and start your new life in the city.
Space Some might think that living in a condominium unit means limited space, cramped, or small. In reality, condominium units have manageable space depending on the needs of the tenant or homeowner. Having too much space does not mean it’s better, sometimes you only need enough space that fits your needs.
Source: https://www.moneycrashers.com/pros-cons-buying-condo/ https://www.ortigas.com.ph/news/eight-advantages-of-condo-living