Amenities vs. Location: First Thing to Consider in Buying a Condo

Nov 03, 2021

Before investing hard-earned money in real estate by purchasing a ready for occupancy condo or pre selling condo unit, one must examine key questions concerning condo design and condo living such as—Where is the location? What are the amenities it includes? 

Choosing a place to live and to call home, is a critical decision for every individual. The place you choose to call home has a big influence on your level of happiness, comfort, and yes, overall wellbeing. Your first condo should include more than just price factors. It must possess the ease of getting to and from job, school, shopping, and other destinations, as well as transportation. The size, comfort, reputation, and amenities of the condo should all be considered.

Amenities and Features to Consider in Buying a Condo

The "it" ingredient for luring purchasers is top-notch condo features that give luxury and comfort. As a result, property developers and designers go to great lengths to include the greatest features, especially if the condo is themed or inspired in some way. Additionally, amenities add market value and appeal to the actual condo whether it's rented or sold, as well as making living in a condo much more convenient and enjoyable.

The following are the most important features to look for while searching for a condo.

Swimming Pools

It's rare to see a condo complex these days without at least one. Now, swimming pools exist in many forms and sizes.  Swimming pools are a great way to cool off on hot days, and they're also a great way to unwind after a hard day in the city. Amenities like poolside lounge spaces, snack bars, and changing rooms will give you a resort-like experience.

Fitness Center

Fitness centers and spas are must-have features for health-conscious condo buyers who don't want to leave their home to be healthy and comfortable. Most condominiums feature a state-of-the-art exercise center, as well as spa services to help you relax and unwind after a long day. If the property features a yoga studio, outdoor gym, or even a spa, it gets bonus points!

Lobby and Function Halls

The lobby and hallways, for example, are extensions of your own space. A fantastic condo has a large, open lobby, a knowledgeable concierge, and 24-hour security. You and your guests will feel perfectly at home in the lobby if there are comfortable couches, plush armchairs, warm lighting, and pleasant décor. Because you may only have a modest gathering in your unit, the function halls and other common areas should be large enough to accommodate everything from small meetings to large birthday parties.

Study Hall

Reading may be a great way to relax so you may want to read in a place where you'll feel comfortable and relaxed while doing it.  Many new condo developments, especially those targeted at families with school-age children, are including reading nooks and libraries and study halls. Other than reading, these areas should allow you or your children to study and accomplish their schoolwork without the numerous distractions in their beds.

Green Landscape

Because they produce oxygen and prevent air pollution, plants and trees help people stay healthy and happy. Because of the restricted area in a condo, purchasers are aware that they will not be able to have a private backyard. Looking for a condo for sale with common gardens and greenery zones close to the divide. Vertical gardens linked to a building's interior or exterior, such as pocket gardens, can help to break up the monotony of cement, steel, and wood.

Children’s Playground

If you have children and are considering purchasing a condo, some condo may not have enough space to play and run around if you do. Look for a child's play area in a condo as it allows the kids to get out some of their pent-up energy and get some exercise. Allowing your children to play with other children can teach them the importance of communication, sharing, and collaboration, so having a play space stimulates social interaction as well.

In order to verify if the condo for sale fulfills all of your expectations, you should go to inspections. The more you can envision yourself enjoying your life and feeling comfortable in a house, the more appealing it will be to you right away. For the most part, amenities are what determine whether or not a house is appealing. Condo for sale with access to desirable features are more popular and more desirable to live on.

The fundamental advantage of having access to good public and private amenities is that they can increase the value and desirability of your property. The more desirable your amenities are, the more valuable your condo should be and the more potential it has to appreciate in value over time. 

Rents for investment buildings with improved facilities may go up if renters find them more desirable. An investor would see a higher return on investment as a result of this.

The Perfect Locations to Consider in Buying a Condo

For the time being, location is the most desirable feature of a condo, and that won't change anytime soon. A condo in a desirable location may always be upgraded with additional amenities. However, a condo in a terrible site is impossible to move.

While a condo building may provide a range of services and stores, you may prefer to live in an area that is close to dining, entertainment, and other points of interest.

It is not just about the facilities and conveniences that a buyer is looking for in a house, but also about the environment and personality that the buyer desires in their ideal way of life.

There are various factors to consider while buying a condo in the ideal area. Especially if you're thinking about your entire family, whether it's your parents or your children. To be sure you've chosen the proper condo, below are factors to account for in choosing the location of your condo.

Access to School

Some of the most sought-after real estate is located in central business districts and the university belt. Whether the condo is only feet away from a street full of eateries or has a view worthy of magazine images, the location and lifestyle that come with it are the location's primary interests.

Student life is made easier when one's residence is located within walking distance of their university. Whether or not there are schools near your condo building is a crucial factor to keep in mind. If you own a condo in a good school district, renting out your home or increasing its value and selling it at a better price in the future are two options available to you.

You may also examine property listing websites to find a home that's near your business or a university. You can also hire a realtor to assist you with options or to negotiate the price down based on your budget and inspection results. It's critical that you do your research on the location before settling on a certain type of condo community.

Proximity to Transportation Hubs and Accessibility

If you are an entrepreneur, businessman, or a corporate worker, you may generally opt for a location close to transit hubs and other enterprises such as restaurants, grocery stores, shopping centers, laundry shops, hospitals, as well as entertainment and lifestyle centers.

It's far more desirable to buy a condo that's close to major roads and public transit hubs like bus stops and train stations. Unless you have your heart set on a vacation home in an isolated location, you should think about how accessible your property is to these local attractions in order to increase the value of your house and generate rental revenue.

Condos in highly developed cities like Makati and Taguig may not have much room for expansion since land is a finite commodity, but its proximity to major transportation hubs as well as commercial spaces and modern amenities makes it attractive to buyers willing to pay more than the market value of a similar property in less bustling areas.

But you should also pay attention to pre-selling condo in outlying locations. Each city in Metro Manila is connected by at least one main throughway, which makes certain outlying regions more desirable due to the fact that they are developing real estate hotspots that are still priced within their means.

Development nearby

Future development plans also affect how desirable a condo site is. Civic infrastructure projects, such as new hospitals, public transit, or schools, can raise the value of nearby real estate. Likewise, when it comes to business growth, this is also true.

Safety and Security

When looking for a condo, don't forget about safety. Because it's your refuge at the end of a hard day, you'll want to feel secure once you arrive. Verify the condominium's security system and procedure. Do the same thing in the surrounding areas as well. To begin, contact the local police station to learn about the area's crime statistics and history. Checking the lights at night and looking for vandalism are fast ways to determine if a location is secure. A good night's sleep is something you value highly.

Check for Hazard-prone areas

Listening to the local news and learning about floods, earthquakes, and other natural disasters may lead you to consider moving to a safer place. No one wants to be trapped in their condo due to flooding outside their building or on any of the available escape routes. Earthquakes are also a concern that must be addressed. However, knowing what the government plans to do to address the problem is beneficial. According to a study by the Department of Public Works and Highways, a Flood Management Master Plan has previously been developed for Metro Manila and the neighboring areas.

What Makes Location So Important in Real Estate?

Because of the impact that a location has on a property's desirability, location has the greatest impact on condo value.  A condo's location affects how accessible things like business centers, the airport, and shopping areas are. The better your location, the closer it is to convenient hot spots, the more likely it is that your condo will value in the future.  

Property prices are heavily influenced by where you live since there isn't enough land to go around. Real estate investment location will always be your top consideration if you're seeking appreciation and rentability in a property you'll be buying.

You can make more money every month renting your condo in a better location, and your condo will appreciate in value over time. Just a tip, catch a pre selling condo in the beginning of its rise to get the most out of your investment.

With its strategic location, ingenuine architecture, and complete range of condo amenities, Vista Residences is the largest country’s largest developer that reinvents city life for its residents, offering fascinating leisure activities from dawn to dusk.

Read: Here's Why Location Matters in Condo Living

If you examine the advantages outlined above, not only for yourself but also for the value of your home, taking into account any amenities is a crucial step in your buying decision, however, the most significant influence on your property's worth comes from its location. As a result, the more convenient and accessible your condo's location is to local amenities and hot areas, the higher your location's value will be over time and the more convenient it will be for you. 

If you're looking to buy a home, location should be the most crucial factor to consider before aesthetics, property size, number of bedrooms, or other features. While the other factors are equally essential to you, keep in mind that after you sign your contract to sell, you will no longer be able to make changes to your location.

The location of a real estate investment is quite important if you want to see your investment grow in value and generate income through rentals. With a better location, it will be easier for you to rent your condo and you'll have a larger monthly profit. If you are considering buying a condo for the first time, you may want to check out a condo in Manila, condo in Taguig, condo in Pasig, condo in Baguio, and condo in Cebu. Their locations can put you in a terrific position.

Thinking of investing in these locations? Check out the offerings of Vista Residences.

Vista Residences is the condominium arm of the country’s largest homebuilder, Vista Land & Lifescapes, Inc. that offers ready for occupancy and pre-selling condominium projects in Manila, Makati, Mandaluyong, Quezon City, Ortigas, Baguio, Cebu, and CDO that are strategically located within major cities, in close proximity to premium universities, transit oriented locations and developed business districts.   

At Vista Residences, unit owners can take advantage of the property’s centrality. The properties of Vista Residences are strategically located near the country’s premium universities and CBDs, making them an attractive investment for both local and foreign investors.

Living in Vista Residences enables you to enjoy convenience, where everything is pretty much within walking distance or a few minutes away from the property; comfort because the project features and amenities are designed to deliver comfort at all times, which makes condo living a worthy investment; security that is 24/7 and CCTV monitoring, which makes the residents safe and secure within the property.

In line with Vista Residences’ thrust to offer convenience among its residents, it also features an AllDay Convenience Store and Coffee Project in all its projects.

For more information on Vista Residences, email [email protected], follow @VistaResidencesOfficial on Facebook, Twitter, Instagram, and YouTube, or call the Marketing Office at 0999 886 4262 / 0917 582 5167.

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