Which Is The Right Investment For You?
by Anna Lucas
For first-time property buyers, it is a bit overwhelming to decide which kind of property to buy whether for investment or personal use. With so many options out there, it is quite confusing to know which is the right investment for you. Therefore, Crown Asia put together a quick list to see which is ideal for you.
The condo is ideal for (1) a single person living on his own; (2) couples / starting families with one child or less; and (3) empty nesters.
The biggest advantage of a condo is that it is easier to maintain with its smaller space. Therefore, you need not spend a lot of time cleaning or getting things in order. You just have to think about your space since the building maintenance is shared. You don’t need to worry about garbage collection, emergency generator, and even perimeter cleanliness as everything is handled by the Association. Even security is a bit tighter since there are guards and CCTV cameras in common spaces in the building.
As an investment, the total contract price of a condo is still cheaper than that of the landed options. It also has more opportunities for rental income for short-term or long-term since it can cater to those with a lower disposable income.
The major disadvantage of a condo, on the other hand, is also its advantage – shared maintenance. The property manager and condo association fit your standards. If they are indifferent and uncaring, the building will quickly diminish in value.
House and Lot
The house-and-lot option is ideal for bigger families and multi-families.
The biggest advantage of a house and lot package is its bigger space. It can easily accommodate families of four or more. Children also usually have a yard to play in. You can fit in a lot more, allowing you to continue your hobbies at your home. You can even take care of your own pet. You also have more privacy than a condominium.
The house and lot packages offered by developers also release you, the buyer, from worries about quality, as well as having to design your own home. You just choose from the many model houses offered and the developer will handle building it for you.
Its disadvantage, on the other hand, is that you have more things to manage. You have to worry about garbage collection, yard cleanliness, and every perimeter security. You also have a bigger space to clean.
Same with the house and lot option, lot only is ideal for bigger families and multi-families. The main difference is that you can design your own with this option. Balcony or no balcony. Three rooms or four rooms. Bathtub or veranda. It’s all up to you.
As an investment option, lots are long term investments since it banks on the appreciation of the property value.
Crown Asia understands that each individual has a different need. Therefore, properties such as Valenza in Sta. Rosa, Laguna, offers a multitude of offerings. Be sure to discuss your needs with their marketing team and they will direct you to the right investment.
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