When buying a real property, including a condominium unit, anywhere in the world, the most important factor to consider is – location.
Experts on investing in real property will always emphasize that the most vital criteria for investment in real property is location. Whether you are investing in a condominium unit, for example, to make it your home or plan to rent it out, this should be the very first factor to consider.
Here are two of the factors that you should consider when buying real property whether for your own home or for investment:
1. Safety is always a major consideration for buying real estate. You would like to ensure that your family is safe.
2. The property has to be highly accessible to hospitals and clinics, jobs, transportation, reputable schools, entertainment and shopping establishments. Having a very nice view will also drive the property’s value.
Some buyers, however, consider price as equally important but a strategic location is always better because if you want to resell the property you would get a higher selling price. Even if the property is priced lower, do consider the fact that because it is not strategically located, if might be difficult to find a buyer. Or, if you rent out a property in a less-ideal location, you might have to lower your rental rates.
Of course, you have to shell out more for properties in prime location but you would get more return on your investment even on a medium term.
This is why Horizons 101, Taft East Gate, Symfoni Nichols and other projects of Taft Property Venture Development Corp. a very good option for investment if you’re planning to buy condos in Cebu. After all, Taft Properties is among the most reliable real estate developers in the Philippines.
Horizons 101, for example, is located at the heart of Cebu City along Gen. Maxilom Ave. and just minutes away from schools, churches, restaurants and shopping malls. Taft East Gate is just outside Cebu Business Park and near the Asiatown Information Technology Park, where many business offices, including business process outsourcing facilities, are located. Symfoni Nichols is also near business establishments, churches and schools.
Be a smart buyer and get a good return on your investment.
For more information, please visit our Makati Office, 29th Floor BDO Equitable Tower, 8751 Paseo De Roxas, Makati City or call +63 02 5550 101. Our Cebu Office is at Unit 1104 Insular Life Cebu Business Center, Mindanao Ave. cor. Biliran Road, Cebu Business Park, Cebu City with telephone number +63 32 2666 101. Or you can email us at firstname.lastname@example.org .