Benefits of Buying a Condo to Rent Out

Buying a Condo for Rental Business | Affordable Condo Philippines | Camella Manors

Buying a condo for sale in the Philippines entails different reasons for buying and owning, and most are for end-use or investment. Intent to buy a condo for investment usually means the use for rental or leasing business.

Given the fact that most condominiums in the Philippines are located inside a city’s central business district, condominiums are the top choice for urban tenants to consider as a home in the city.

This is one of the few reasons why condominiums are more feasible for investment rather than buying a house-and-lot property for investment purposes.

Hence, if you are an investor thinking to buy a condo property for a rental business, then this article will enlighten you on the benefits of buying a condo for such a venture.

Passive Income

Purchasing a condo for investment use means that you are eyeing to earn more than the value of the investment. If you are opting to rent out your condo you will be able to earn passive income out of your rental profit.

Making your condo open for renters will also open opportunities to earning passively. The amount of profit usually depends on the terms you wish to open your condo for rentals, such as short-term or long-term rental arrangements.

Start Renting out Your Condo to Earn Income | Affordable Condo Philippines | Camella Manors
Start Renting out Your Condo to Earn Income | Photo from Alexandra Gorn in Unsplash

Renting out your condo unit short-term for tenants will eventually maximize the profit you will earn under this type of rental setup. The only cons to be prepared are the regular upkeeping and management of the unit, the security risk of different individuals entering your condo, and the risk of vacancy for a short period.

Meanwhile, a long-term type of rental contract will ease you out of the disadvantages of the short-term rental contract. However, the only thing that you may e dismayed at is the minimal amount of profit you can get from this type of rental.

(READ: How to Earn Passive Income From your Condo)

Greater Security for your Condo

Once you are opening your condo property for renters it allows you to lessen the upkeep and maintenance of your condo property.

Having renters will provide the services for cleaning the whole property. Technically, nobody will want a dirty environment especially inside the place where they are residing even if they are just renting out the place.

While you are unable to provide the need to clean and maintain your unit, the occupancy of tenants will give you the security of having someone maintain your property in good condition.

Better Upkeep and Maintenance | Affordable Condo Philippines | Camella Manors
Better Upkeep and Maintenance | Photo from The Creative Exchange in Unsplash

This is one of the few advantages of buying a condo for investment rather than house-and-lot as condominiums do not pose a higher risk of intrusion or trespassing compared to a house left unoccupied in a period.

Flexibility for Re-sell

Many condo buyers are also involved in condo flipping. It is where investors will re-sell the property at a competitive price compared to the market’s current value while earning profit at the same time.

Re-sell of Condo Property | Affordable Condo Philippines | Camella Manors
Re-sell of Condo Property | Photo from Max Vakhtbovych in Pexels

However, not every day the market condition is pretty much following investors’ frame. But, with a ready-to-occupy condo property, you can eventually open it for rental services while waiting for the market to go back in good shape.

Hence, you will not lose the time as an investor to earn at the same time. And as the right time happens you can have your property selling at a good price.

Presence of Second Home

As you buy a condo intended for investment, you will also have a second home, especially in the city. If an emergency happens and you cannot settle anymore in your current address, then having a second home such as a condominium will be your first-hand solution.

Condo as Second Home | Affordable Condo Philippines | Camella Manors
Condo as Second Home | Photo from Kindel Media in Pexels

While you are maximizing profit through rental opportunities with your condo property you can also see it like another home especially when you will find the need to relocate under reasons of business, or personal affairs.

And having a tenant before moving back to your property will assure you that it is properly maintained. Although, you will as an owner have to abide by the given and executed contract or terms of agreement with your tenant.

Increase of Condo Property Value

If you are a condo investor who is more lenient in flipping the property well, you can wait for the right time to earn a good amount of money while the market continues to appreciate.

Increasing Value of Condo | Affordable Condo Philippines | Camella Manors
Increasing Value of Condo | Photo from Campaign Creators in Unsplash

Every location differs in the rate of appreciation, but condominiums are more feasible in terms of increase of property value especially those of which are in the central correspondence of businesses and other commercial establishments.

Renting out your condo to tenants will give you a hold for passive income before the right time to flip it comes along.

Additional Investment Portfolio

If you are an investor to any kind of investments such as stocks, mutual funds, time deposits, etc. you might be missing out to invest in real estate especially condominiums for sale properties in the country.

Condo investments are one of the most stable markets under real estate investments and owning or buying a condo will surely diversify your investment portfolio.

Condo Investment to add In your Portfolio | Affordable Condo Philippines | Camella Manors
Condo Investment to add In your Portfolio | Photo from Markus Winkler in Unsplash

Not to mention, the profit you can earn in this kind of property buying. Condo buying will also give you more security from the risks of other volatile investments you had beforehand since real estate is a stable kind of venture.

Where to look for a Condo Rental Property?

If you are eyeing now to invest in a condominium for sale in the Philippines, then look closely at the available condo for sale properties at Camella Manors.

Camella Manors offers projects strategically located in the country’s most thriving metro cities outside Metro Manila; areas which are booming and developing at this time, specifically Caloocan, Lipa, Puerto Princesa, Bacolod, Butuan, and Davao.

Looking for a Condo Property for Renting Out | Affordable Condo Philippines | Camella Manors
Looking for a Condo Property for Renting Out | Photo from Marten Bjork in Unsplash

These cities are one of the richest cities in terms of rental correspondence having been a few of the most cited tourist destinations in the country.

Technically, Camella Manors offers you the primary reference of location in your bucket list of where to find the best and most promising condo investment in the country.

If you would like to closely get details with Camella Manors condominium properties for sale, then simply click the inquiry form and book an appointment with one of our marketing officers; or you might as well message directly on the official website chatbox.

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