Have you ever asked yourself which best suits you — a condo unit or a house and lot? Have you ever tried listing the pros and cons of living in a condominium? Like most things, people spend a lot of time weighing options. Likewise, when buying real estate, one should consider many things before splurging.
Hence, this article delves into why investing in a condo might be for you.
A short description, shall we? A condominium, commonly known as a condo, is an individually owned residential unit within a single complex or building. Owners share common spaces, amenities, and other resources with other unit owners. And like in most subdivisions, owners or tenants pay condo fees, which cover the building’s maintenance costs, amenities, and the upkeep of shared spaces.
Those looking for their first, second, or even third investment and deciding whether they should invest in stocks, real estate, mutual funds, and insurance should read on and weigh as to whether they are suitable to live or even invest in a condominium. In the Philippines, condos are known to have the best amenities, modern and sleek designs, and a sense of luxury. Usually, people see condo living as a status symbol; however, opposed to what many think, investing in a condo is simpler than other investments, like stock market.
That said, here are some of the reasons why condos are one of the best investment options to look into.
Condos are Tangible and Stable Investments
This reason is self-explanatory. However, for those who are looking for their first potential investment, tangible investment is the way to go. Primarily because you can touch and feel your investment- the painted walls, the soft furniture, and the intricate details applied to your unit’s aesthetic; likewise, being able to experience and live on your unit firsthand will give a sense of accomplishment.
Ideal for First-time Investors
As mentioned, Investing in a condominium is ideal for first-time investors, primarily because it has fewer risks than other investments.
Today, Investing in condo properties with good management pays off due to the presence of licensed real estate agents and developers that can guide first-time owners of potential buyers and investors.
A Practical Investment and Good Source of Passive Income
The best thing about tangible investments is that investors can use or rent them out. It is undeniable that real estate is an excellent investment since it offers the chance of passive income as well as a good emergency investment. Suppose that you need a big amount of money. You can use your condo as a rental or collateral for a loan. You will be able to get your loan approved once the bank or your lenders make a good check on your credit history, income, and properties to evaluate whether or not you are eligible for loans.
On the other hand, even when you have a house and lot or other real estate properties to live in, don’t think twice when investing in a condominium. You can put it on rent to gain rent money as an added income stream or under booking platforms like Airbnb, especially for properties in the provincial area. Investing in condominiums in the province is also an excellent choice. This is because you can use it as a vacation home whenever you visit the province without needing to check in at a hotel.
Invest In a Condominum in Leyte
Leyte, a charming province located east of Cebu and Bohol, is home to the scenic Kalanggaman Island and its fine powdery white sand beach. A destination blessed with natural beauty and historical sites, it is an ideal destination for those who wish to take in the fresh breeze, witness enchanting waterfalls, and catch the sun on stunning beaches. Indeed, an all-rounded destination for any tourist. Aside from discovering Leyte’s beauty, it is also a good home location and an ideal locale for a real estate investment.
Camella, the country’s largest and most trusted real estate developer, thrives to continuously build dream-like homes that every Filipino family deserves. As Vista Land’s flagship brand, Camella has reached 47 provinces and 149 key cities and municipalities.
Camella understands the ties that hold Filipinos to their childhood memories, the familiar, and the place that makes them most comfortable. Hence, Camella purposely and purposefully chooses to continuously build master planned homes equipped with world-class amenities. They provide places and spaces to create precious memories and celebrate every milestone.
Vernazza is on its way to Leyte!
The best condo investment is finally coming to Leyte! Get a chance to explore the wonders of Leyte by living at the heart of this quaint yet marvelous province. Experience island life on Leyte’s most underrated beaches, have delightful platters of goodness, discover well-preserved historical stories, and celebrate fun festivities. Live like a true Leyteño!
Soon to rise along the shores of Palo, Leyte, Vernazza, a premium condominium is set to offer multi-tower development that mirrors Leyte’s colorful history and interlaces it with the smart and convenient concept of urban living.
The modern residences of Vernazza accentuate resort-like amenities that match the lavish lifestyle of investors and property seekers. The development features a contemporary design laced with smart technology features. Vernazza offers the luxury of convenience while living close to nature, with its close proximity to business centers, hospitals, malls, commercial establishments, and major infrastructures.
Vernazza features a clubhouse with a pavilion perfect for social gatherings and events, a swimming pool for those who wish to spend their free time fighting off the warm Philippine weather. A Play area for children to enjoy and a roof deck perfect for stargazing or just appreciating Leyte’s skyline.
The condominium development will feature touches of nature with its garden pathway. Lastly, as the development also features commercial spaces, Vernezza offers a holistic living experience where everything homeowners might need is just within their reach,
To those looking for the best condo investment to snag in Leyte, here’s something for you! The search will soon be over; Vernazza is on its way to becoming just the best condo investment in the heart of Leyte. Choose from an array of unit options ranging from one-bedroom to two-bedroom units. Vernazza certainly has the layout that would fit you, your family, your needs, and your lifestyle.
