When investing in a property, the usual question that pops up is whether you should look for a house or a condominium unit. Having a house with your own yard is great, but it is also equally great to find yourself on a tall building where you can see everything around you from a higher vantage point. So how can one really decide whether to invest in a house or in a condo?
If you are leaning more on getting a condo unit and just need a little more convincing, or if you are leaning more on getting a house but would want to give condos a fighting chance, then here are some reasons why you should invest in a condominium:
Accessibility to everything you need
Condominium projects are typically situated in urban centers as they target professionals who would like to live near work. This offers unit owners a huge advantage especially when trying to beat the traffic in busy locations. Urban centers also usually host shopping centers and commercial establishments so condos are normally within walking distance from whatever one may need. So if you’re working in the city, getting a condo is a wise decision for you. If you are trying to find the best residential unit, then Grand Dunman is the best for you because here you can get your ideal apartment quickly with a good Condominium.
One of the biggest advantage of condominiums over houses is that condos usually come with a number of amenities that are difficult to find in a single-family home. Some of these amenities include large pools, gyms, and playgrounds, and while you may be able to build some of these into a house, it would most likely not be at part with what’s available in a condominium project, or at least not at the same cost.
A great benefit of condo living is that you don’t have to worry about exterior maintenance, as well as that for common areas. With a dedicated property management team in place, condos are well-maintained. You will be able to enjoy well-maintained facilities and amenities, and would not have to think about cleaning hallways and exteriors. This will give you a couple of thing not to worry about, and you can focus instead in the upkeep of your own space.
Condominiums can also make you feel safer as it the building has its own security team, and that visitors are screened before being allowed in. Condos also come with safety and security systems that are likely a notch higher than one would normally have at home.
It’s also more difficult to break into a condominium unit as compared to a house so you would definitely feel more secure even if you’re alone.
High Potential for Investment Returns
Condominium projects are usually located in key business districts, commercial centers, or even tourist destinations. Being in key locations, you are given a leverage when using your property for investment purposes such as by renting it out or by selling it when its value appreciates.
Condos are great for renting out or by listing it in Airbnb largely for its accessibility to places where lessees or guests need to go to. Take for example Primary Homes projects, especially condominium projects locate within the busy Cebu Business Park, a key business district in the Visayas area, or its project next to a school. These locations help occupants quickly get to where they need to be. And with the added amenities that a lot of houses or apartments for rent don’t have, condos really have an advantage in terms of potential for additional source of income.
Condominiums offer a lot of advantages that one may not find in a single-family home. If you find that the above benefits will serve you well, then getting a condo unit might be the right decision for you.