Condominiums are commonly known as an investment properties. They are becoming a prevalent type of real estate to invest in nowadays because they provide an excellent return on investment. The main factor that attracts people to condominiums is that they're not just any housing. Because condominiums are one of the safest investment types, everyone wants to own one at some point in their lives.
Condominiums are one of the best options for investors because it gives them much flexibility. They can invest in a condominium project, buy directly or even buy through a mortgage financing company. With condominiums, you get a significant return on investment because there is no down payment required, thus making it easy to go through the project without having to put in a lot of your own money.
Condominiums have been around for over 100 years and have grown in popularity. Are they worth it? Well, it depends on what kind.
Pre-Selling Condominiums
When buying a condominium, there's a lot to consider a. Please make sure that the building is safe and well-maintained, has enough amenities to meet your needs, and is located in an area where you'll want to live. However, one of the most important things to consider is whether or not your condo will be worth more when it's sold.
The best way to know or determine this is through pre-selling. This is when you sell your condo before moving in so its value can be accurately gauged before you sign paperwork on the closing day. Pre-selling ensures that any issues with the building are resolved before they become problems during your occupancy period, which could mean saving yourself money down the road when repairs need to be done by fixing them up before moving in.
Tips for buying a pre-selling condo
Buying a pre-selling condo is a great way to get into the real estate market, but it's not for everyone. Here are a few tips to make sure you are ready for this step.
1. Get an appointment with a real estate agent and have them walk you through all the steps involved in buying a pre-selling condo.
2. Ensure you understand all the costs of owning a pre-selling condo: mortgage payments, maintenance fees, etc.
3. Make sure that you can afford to live in the condo without having to sell your current house or move in with your parents!
4. If you're buying a pre-selling condo as an investment property (or want to make some extra cash), consider getting money back from the seller or using a home equity loan instead of going into debt with your other loans or credit card.
Now that we've gone through the tips for buying a pre-selling condo, let's talk about the benefits of owning a pre-selling condo. Here are the advantages of purchasing pre-selling condominiums:
Good Investment Returns
You might ask, "Is buying a pre-selling condo a good investment?" The answer is - Yes!
Pre-selling condominiums are a good investment because they offer high returns on your money. A pre-selling condominium will always be higher than the RTO market price, but this is because it has already been sold and has more value. Since the buyer knows they have already paid for it and do not have to worry about paying more for repairs or maintenance, they can afford to pay more.
Buying a pre-selling condo can be a great way to make money while you wait for your place to sell. It's also a significant investment, especially if you buy at the right price and hold onto it long enough for the price to go up and then sell it at that higher price.
Cheaper Price Compared to RFO Condominiums
Another advantage of buying a pre-selling condo is that it's cheaper than an RFO condo because there is no additional stamp duty required when you purchase one from an agency. This means you won't have to pay extra money when buying one from an agency as opposed to purchasing one personally from another person who wants to sell theirs but doesn't want to spend the stamp duty.
A pre-selling condo is usually lower than an apartment or house because they're not yet built and have fewer amenities—but that doesn't mean they're cheap! They're still highly affordable compared to other housing options in your area, such as an apartment or house.
More Options
There are many advantages of buying a pre-selling condo, and one of them is that so many options exist. There are many different types of apartments that you can buy, including those with swimming pools, balconies, and views of the city! You can also get an apartment with garage space for your car or even a parking space for your bicycle! This makes it easier for you to find an apartment that meets your needs and budget.
When it comes to buying a pre-selling condo, there are more options available compared to purchasing an RFO condo because there are more builders that offer this type of property. This means that you can choose from different models and locations, which is impossible when you buy an RFO condo because they're usually limited in terms of what they offer.
Flexible Payment Schemes
Another advantage is that most pre-selling condominiums offer flexible payment schemes to pay off your loan over time with no pressure on your finances. This means that if you need to take a break from paying off your loan, this isn't an issue because it will still be paid off when you return!
Sometimes, lenders will allow borrowers to make payments over five or even seven years instead of paying off their loans all at once. This is especially useful if you're planning on staying in your unit for a while; if you have an adjustable-rate mortgage (ARM), then it will be more difficult for you to pay off your loan early if you only make small monthly payments each month instead of large lump sums every few months as soon as they come due (like with an interest-only loan).
Vista Residences
We know you've been looking for a pre-selling condo in the Philippines. And we know it can be hard to make that leap—especially if you're looking for a place close to home.
But we've got good news: Vista Residences is here to help!
Vista Residences offer a variety of pre-selling condos, including those located in prime areas and at great prices, so you can find what you want. And if there's something specific you're looking for, we'll help you narrow down your search based on location, price point, and amenities.
Suppose you are looking for a unique pre-selling condo in Taft Avenue; look into Vista Residences' Kizuna Heights.
Kizuna Heights is one of the best options for pre-selling condos on Taft Avenue because of its unique interior design and Japanese lifestyle that showcases Mitsubishi Estate Partner. It is not unusual for urban development to incorporate elements of Japanese architecture and interior design—Zen and Japandi—but Kizuna Heights will also invoke an inclusive approach to creating connections with oneself, the development, and the environment.
And because we have such an incredible selection of pre-selling condos in the Philippines, we can provide and make it easier for you to find what you need.
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.
