Real Estate Investments: Four Compelling Reasons to Invest in a Condo

“The wise young man or wage earner of today invests his money in real estate.” -Andrew Carnegie

Today, with condominium properties lining in almost every nook and cranny in major cities, one might think to ask: Should I invest in a condominium?

Well, in today’s fast-paced world wherein convenience is paramount to a more comfortable living, residing in a condominium might be the better alternative considering that it is located smack-dab in the middle of the metropolis. It affords its residents convenient access to most points of interest which would effectively reduce the daily commute to and from work. Furthermore, living in condominiums would mean that you have an array of amenities and facilities at your disposal (and which would have otherwise been absent in a conventional living setup). In this regard, condominiums have experienced a surge in popularity over the recent years as it is evidently the more ideal and convenient residential alternative to conventional homes. But is a condo really right for you?

Well, before you start scouring the market for a serin condo in tagaytay, you might want to take a gander at these compelling reasons as to why a condo would be a good investment:

1.) Condos do not require much upkeep (or any upkeep at all)

One of the significant appeals in owning a condo is the fact that they require little maintenance if not no maintenance at all. Owning a condo does not require the same upkeep as when one would own a house. In this regard, your house chores are significantly reduced insomuch that you would not be constrained to mow the lawn, pull weeds, repaint the house and all the other chores associated with conventional home ownership. In fact, all you would really need to do is the barest minimum of house chores and then you would be done which means you would have more time to dedicate to other things. If you are an individual who does not possess the luxury of time to maintain a home because of your career, then it would make so much more sense to buy a condo than a residential home.

2.) It is an investment

Admittedly, if you are an individual who dislikes the regular upkeep required in maintaining a home, you can always opt to rent an apartment. Unfortunately, renting space can easily be seen as throwing money away. Instead of paying the rental bill each month, why not pay by installments until such time that you can fully own the condo unit? With today’s flexible payment schemes it would not be too hard to find a condo property that would sit well with your budget. In this way, you can buy a piece of real estate while enjoying all the same perks and conveniences you get in an apartment.

3.) You get to have access to the amenities

Another excellent perk associated with condo ownership is getting access to a myriad of amenities and facilities. Condo ownership means having rights and access to a number of amenities found in your condo development. In this regard, you would be able to afford little luxuries that would have otherwise been absent in a conventional home. With the condo’s amenities, you can host parties and entertain guests at the club house, take a dip in the swimming pool every weekend and would no longer need your gym membership. Plus, you would not have to worry about the maintenance of those things either.

4.) You have more space

While one condo unit is relatively small in comparison to a traditional residential area, it is in by no means diminutive. In fact, it has been known to be a good alternative for those seeking to buy a significant piece of real estate but are severely lacking in funds. Buying a 3000 square foot home would be so much more expensive than buying a condo with 3000 square feet of space and the latter might just fall within your budget. Furthermore, there are better and more competitive deals offered in condominium units than in residential houses which would surely make for a sound investment.