By Evelyn L. Aguinaldo / Author / Investor / Cyber Real Estate Property Seller
Even top-knots celebrities are opting
condominium unit as their home nowadays. Kris Aquino’s, kris TV episode about
her new condominium home is an eye opener in condo living for new generations of Filipino families. Though her condo
unit is exceptionally big and employed top-notched interior decorators to
reflex her new image, one can simulate the way she organized things in the most
fashionable way.
The affordability of condominium units came in the wake of the most recent economic crisis,
which is one of the reasons why many homeowners include this type of housing
among their home-buying choices.
Most condo buildings are located in the heart of
the city, the like of First Homes Makati, and are often in close proximity to
office buildings and other establishments offering high-paying jobs. As city
dwellers, less time and gas money is spent in going to work; if the use of a
car is necessary, there are fewer repairs and maintenance expenses incurred.
Condominium developments include classy
facilities like state of the art fitness and gym centers, spas, beauty salons
and barber shops, movie houses to some, fine dining or eat-in kitchens, and
small boutique shops. The availability of these conveniences makes condominium
living a comfortable option.
Condo living dispenses with the hassles of
looking for somebody to fix something in your house. All you need to do is
inform the concierge or building manager who takes care of housekeeping or
maintenance problems, and he’ll get in touch with the building’s own pool of
handymen.
Life in a condo is like somebody is always
looking after your well being, by making sure you are satisfied with your
living conditions. Of course, condo staff knows your money’s worth and make you
feel like royalty. This alone suffices the monthly condominium association fees
collected by the building administrator.
“To keep this in perspective, one developer
claimed that condo acquisition and rental is the latest trend among OFWs
investors”, either as their home while vacationing in the Philippines or
rent-it-out in order to have a source of passive income even while still
working abroad. If you are new in this business venture, you have nothing to
worry-about ‘coz most condo building has their own property management team to
look-after your investments.
But before considering buying real property, it
is recommended to weigh-in all the pros & cons yourself and to seek advice
from a Real Estate Property consultant / unit owner on the target investment to
help you in your decision making.
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