Invest in Condo | Many people think that condominium is only for people who can afford luxuries that want expensive homes that are close to amenities. and are very rich but that is not always the case. Condominiums are not only luxuries they can also be a good asset for you to earn money. They are a good investment because though they are not quickly sold, they don’t have liquidity issues. Here are some of the reasons why you should buy a condo even if you don’t want to reside there.
Condos can be a good investment and business
It is manageable and not that hard to handle. In leasing, it is not the condo owner but other people which are the ones who are staying who will do the maintenance since you only own the space and you will only have to worry about the appliances which are within your unit.
Affordability and Amenities
As an investment, condos are not that expensive compared to other real estates like townhouses or rest houses. Also, if you purchased a condo near commercial areas, many will want to lease, especially tourists. Most condos right now, especially in Davao city, are constructed near such amenities as the one In Bajada, Lanang, and Ecoland. These places have a high demand for real estate since many want to live conveniently near those places. Having a condo near these places will give you the comfort of living downtown since your everyday needs can be found at the supermarkets near your location. Also, if you plan to use it as a leasing business, you will not have trouble finding people who would want to lease because they know the perks and benefits if they decide to avail your place.
Condo Value Appreciates
Condominiums appreciate at a rate that is higher than the inflation rate. They appreciate depending upon certain factors like; location, amenities like mentioned above, population growth, and environment. As time goes by, the demand for lot and houses will increase. The condo’s value will increase because the downtown areas will become more crowded, and there will be fewer spaces for people to find a home. Having one room could be a good opportunity for you to sell it to earn lots of money; you can also lease it to have passive income every month or if shortly you plan to have a comfortable home near amenities, you could also make it your own permanent home.
The longer you possess it, the higher the value it holds. That is because it appreciates mentioned above. Making it a business could also give you the ROI in the long term. Having a condo is a good long-term plan, and the earlier you do it, the better. Lots and houses near amenities will be more expensive because it gives comfort, and people know the perks of having one near these places. If you plan or have long-term prospects in life, a condo is one good way to invest your money.
Resort-themed RFO Condo in Davao
Northpoint Davao by Camella Manors, an RFO condo in Davao, is the first and only vertical pine community in Mindanao. The British-Kiwi-themed condo property is located at JP. Laurel Avenue, Bajada, Davao City. Its strategic location in Southern Mindanao’s regional center gives it the advantage of having high potential returns on investments.
Calming views with a dose of health benefits await you in the condo property as Northpoint’s luscious trees give off an average volume of 78,000 pounds of oxygen per year. These natural greeneries are complemented by the British architecture of the 5,220-sqm condo village.
This condo for sale is just a 2-hour flight away from Manila and a 15-minute ride from Davao International Airport. Northpoint is considered as a “10-minute community,” where business hubs, places of worship, health centers, universities, malls, and a future commercial strip of its own are within reach. It’s also a haven for those who want to continue their gastronomic adventures in Davao!
Northpoint’s resort-style amenities are top-notch. Indulge yourself and your loved ones in its salinized pool, kiddie pool, fitness gym, sky courts, atriums, kids’ playground, clubhouse terrace, function area. For your peace of mind, 24/7 security is also provided.
Northpoint also has a solid bedrock ground. Its soil structure has a foundation that can resist a 7.2 magnitude earthquake.
This affordable ready-for-occupancy condo was also awarded as the Best Residential Development in Davao during the Philippine Property Awards 2016.
For reservations and inquiries about the property, visit the Camella Manors’ official website. Come home to Camella Manors Northpoint now!
If you are looking for a condo, Camella Manors is an excellent real estate to invest in. They have provided high-quality condo living, provided a peaceful environment, and offered easy access to amenities such as the Davao International Airport. They also come up with affordable and reasonable
prices that you could avail. Whether it’s a success or the home you are looking for, Camella Manors will provide.
Written by: Yuan Kyle Geralde / Intern