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Is Investing in a Condo a Good Decision Crown Asia

June 19, 2017

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When it comes to a good real estate investment, a condominium unit has definitely become a popular choice over the years, especially here in our country. This is clearly evident with the ever-increasing number of condominiums being built all throughout the metro, and even in suburban areas. Now more than ever, instead of a house and lot, more and more people are choosing to look for the hottest condo for sale. Here are some of the reasons why:

Price

Between a house and lot and a condo unit, both located in the same area, it is undeniable that a condo is a more affordable option. It offers a much lower initial payment fee and easier payment terms and is not nearly as impossible as it seems to own than a house and lot, especially for a young professional or a start-up family looking for their very first property.

Amenities

One of the perks of condo living is that you get to have access to amenities that aren’t very affordable or practical for an individual house owner, such as a swimming pool, fitness facilities, a playground or park for the kids, even an events venue where parties or gatherings can be held, as well as a 24-hour security system. You don’t even need to worry about maintenance and repairs as these are already covered by the monthly dues you pay.

Location

Condominium developers are of course very keen in the location of their properties. Especially in places of business, leisure, and education, you can be sure to find condominiums nearby, offering much convenience and proximity to residents, even making it possible for them to just walk to and from their place of study or work.

Profitability

Whether you’re looking to let the property appreciate in value over time and sell it for one-time profit, or to rent it out for continuous income, much profit can be made from investing in a condo unit. This of course depends on careful study, planning, and decision-making on your part when it comes to purchasing and handling the property, but overall, shelter is one of the most basic of human needs and always will be. For that reason alone, it is something you can be sure is worth investing your hard-earned money in.

If you’re one of those looking for a great real estate investment or condo for sale, visit www.crownasia.com.ph, like us on Facebook at www.facebook.com/CrownAsiaOfficial, or follow us on Twitter and Instagram at https://twitter.com/crownasiaprop and http://instagram.com/crownasia.

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