The Pandemic’s Impact on the Way People Communicate and How they See Real Estate
The pandemic brought about big changes to everyone’s lives including the real estate market in the Philippines. Being stuck and forced to face the mundaneness of day-to-day life within one enclosed space can be a challenge. However, in every challenge faced, a silver lining will always be present. This challenging experience birthed the rise of various online communities people clung to share, communicate and express. TikTok blew up. Facebook groups sprung here and there. Probably one of the most famous online communities that were formed while the pandemic was reaching its peak was Home Buddies.
The creator of Home Buddies is Frances Lim Cabatuando. She originally started the Facebook group as an extension of her Instagram, Nobi Home, to run a Minimalism Challenge. The members of this group grew and the rest was history. As of July 2021, Home Buddies has 2.5M members. The way people shared and interacted in this group is an amazing metaphor for how people coped by engaging with others and how they started to see their homes in a different light after the pandemic hit the world.
The home once viewed as the abode one simply stays in after a long day’s work, became a sanctuary. Suddenly, the home is no longer a mere shelter. It has transformed into a safe space, the only place shielding you from the threat of a world pandemic. People suddenly realized how important it is to make their homes comfortable living spaces. From DIY projects, embodying being a plantito or plantita, regular budols from Shopee or Lazada, or even hiring professionals to make their homes a more enticing place to live and stay in, people found their unique way to improve their homes.
Investing in Real Estate Amidst a Pandemic in the Philippines
Millennials are probably one of the groups most affected by this pandemic. The adjustment of students from face-to-face learning to online classes, the midlife crisis of those in their early 20s, and the fear of not knowing what the future holds for them impacted their mental health. Stuck at home, they had more time to think about their lives and their future. For the working millennials, most of the companies they are employed in adapted well and introduced work from home and hybrid schedules. This is a glimpse of the future. With these sudden shifts and realizations, one of the questions asked is, “What next steps should I take?”.
A lot can come up with this question but investing in real estate is a wise consideration. The true value of the home has been highlighted and established. However, the beauty of real estate does not end there. It is also a wise investment. Here are some good points:
Given that land is a limited resource, real estate will always appreciate. As a young investor, building net worth for the future at an early age is a win. Moreover, if an investor chooses the right developer, appreciation is even more assured because future improvements and developments will follow. In the Philippines, Vista Land has always been the leader in real estate. Their brands, especially Camella and Crown Asia, have been almost synonymous with the industry itself.
Why Millennials Should Still Invest Real Estate in the Philippines?
Real estate helps generate passive income. Starting early can mean that you can acquire more properties in the future. These properties can be used for Airbnb or longer rental opportunities. This is a smart way to pay off your investment as well.
Even though some people might have the wrong notion that acquiring real estate is complicated, it is very simple and has lower risks involved. Developers are now offering very flexible payment schemes. Almost all transactions are online and can be done in a few clicks.
It is also worth debunking that investing in real estate does not require a lot of money. Lower reservation fees, extended downpayment terms, and even lower interest rates offered by banks make it easier for young investors to acquire their first property.
Suggested Read: Ten Easy Investment Tips for Millennials
What kind of Property should Millennials Invest?
Probably what sets millennials apart from the other generations is the unique lifestyle they crave. Raised during the times where immediate gratification is the king, they seek more pleasures and leisures in life. Convenience is a must and recreational life experiences are a huge deciding factor. All of this and so much more makes investing in a condominium a great choice for young millennial investors. Condominiums offer the safe and secure living space they crave, coupled with amenities that satisfies their need for that luxurious lifestyle.
Aside from that, the pandemic highlighted the importance of choosing the best location to invest in. The metro can sometimes feel congested and too cluttered. People nowadays are seeking peace and the beauty of the cities within nearby provinces. In the Philippines, many provinces are close enough to the metro yet still retains the quaint simple lifestyle that sets the place apart from the bustle and hustle of the city.
Why you Need to Consider Real Estate in Lipa City, Batangas?
Lipa City, Batangas is one of those aforementioned cities. Just an hour away from the metro, the city is blessed with natural resources, a good climate, and a booming business environment. In this beautiful and rich city, Camella Manors Lipa is making its mark. Being the first resort-themed university condo in Batangas, the project demonstrates the achievable millennial lifestyle this generation is craving for. Located in Brgy. Tibig, Lipa, Batangas, Camella Manors Lipa exudes an expensive amenity area that is one of a kind in the area.
The project is a perfect example of what homes will be like in the future. A place where you are safe, secured, and have everything you need. The best thing about all this is that a unit in Camella Manors Lipa can be reserved for as low as Php 15, 000. Camella Manors Lipa also offers very flexible downpayment terms, making it easy for young professionals to acquire a unit.
In a few years, more and more people will flock into the nearby provinces, seeking the comfort and peace the cities within it can offer. The pandemic may have been a stop sign for some, encouraging them to rethink everything but amidst it all, there are opportunities everywhere. Investing in a condominium at this point can be a turning point in a young investor’s life.
Suggested Read: Perks of Living in a University Condo