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Things to Know While Buying a Condo for Rent in Taguig

A growing number of people are looking for a condo for rent in Taguig because of the economic growth in the area. Some of them work or study there, and some of them simply want to enjoy the convenience of living in one of the busiest financial and commercial districts of Metro Manila, close to all the conveniences of an urban lifestyle. Buying a condo for rent in Taguig may be an excellent investment for you if you’re interested in diversifying into real estate because the demand is high—and it looks like this trend will go on for many decades. You probably won’t have a hard time finding tenants.

If you are ready to buy a condo for rent in Taguig, then here are some helpful tips to take note of:

The time to buy is now

According to a report by Colliers Philippines, there were about 38,800 residential units sold in Manila in 2016 through pre-selling. This number is 25% higher than the volume sold in 2015. There are also indications that these numbers will continue to rise in the coming years as the Philippines enjoys unprecedented economic growth and a boom in transport infrastructure. It is advisable to not wait until prices become too prohibitive.

Choose a strategic location

You have a lot of condo unit locations to choose from in Taguig. The farther the building is from the main business district, the cheaper it is going to be. If you cannot afford a posh unit in a high-end development in Bonifacio Global City, that’s fine—you can buy a unit in any of the mid-priced developments on its fringes. As long as your condo for rent in Taguig is a short drive or ride away from BGC and Makati, you should be able to attract a steady stream of tenants.

Look at the developer’s history and reputation

Because of the different social platforms available, you can easily look for a feedback from buyers of condo units from various developers. Be sure that the real estate developer that you are buying from can construct the building on schedule and provide after-sales support.

Consider buying a parking lot

Parking space can be very expensive in Taguig and it can be a very attractive selling point for your rental. And if your tenant doesn’t have a car, then you can rent out the slot to someone else. Buying a parking slot may mean spending more initially, but it also means increased earnings in the long run.

Investing in a condo for rent in Taguig profitably takes a lot of consideration and the right investment expertise. Device a strategy according to the investment market yourself or get consultation from specialists and find what works for you. Invest smartly for a bright future.

About the Author:

This article is written by Aakanksha Sangtani, working as an International Business Analyst at Housal Inc., an online platform for real estate, addresses the unfulfilled needs by harnessing technology and bringing all-related solutions under one roof. For buyers, tenants, sellers, brokers, agencies or developers, it encompasses all their answers from property matching, listings, management, analytics and much more. Housal Inc. is the evolution of the real estate process – empowering the real estate industry for the future.

Benefits of Taking Single Condo Unit for Rent in Manila

Published Date : May 16, 2018 Buying Tips Financing Property Recommendations Real Estate 101

Looking to diversify your portfolio and investing for your future? Financially savvy millennials are getting into the Philippine real estate market—and perhaps you should, too. Why not buy a condo unit for rent in Manila? It’s a great way to spend money to earn more money because it turns you into a landlord who collects rent payment monthly. To test the waters, you can buy one condo unit first and evaluate the return on your investment. Once you turn a profit, you can then reinvest your revenue into another condo unit and grow your rental business. There are many benefits to buying a single condo unit for rent in Manila:

You have a lot of potential clients

Manila is home to a total of 12.5 million Filipinos, according to the 2015 census. This does not include people who just go to Manila to work or to study. Buying a single condo unit for rent in Manila opens up a lot of opportunities for investors to earn a regular income.

The key here is choosing the right location. Where should you buy a condo unit? If you want to target office workers, then look for condominiums near business districts. If your market is aimed at students, choose condos situated near universities.

High monthly income

According to Zipmatch’s data science team, the average rental price for a condo unit in Manila ranges from P10,000 for studio units to as high as P600,000 monthly for larger units in upscale buildings. It all depends on the location and the quality of the development. The rent goes up as the condo gets closer to high-end business districts.

It has a high resale value

If you want to cash out on your investment later, you can sell your Manila condo unit at a higher price. The development around the building can dramatically impact a condo’s resale price. As more offices and commercial establishments are constructed in that particular area, the resale value of your single condo unit can go higher. You might also want to look at condos that are within walking distance of the new Manila Metro Rail Transit and Mega Manila Subway stations that are being constructed in the metropolis.

You can save money on pre-selling units

If you don’t have enough funds for a down payment, consider buying a unit in a development that is yet to be built or is still under construction. It will be less expensive compared to condo units that are ready to use. The only downside is that you have to wait a few more years before you can finally rent out your condo.

Buy condo unit for rent in Manila to grow your rental business and get a good return on your investment. With a fixed rental amount being deposited in your bank account each month, you can now tick off those bucket list items that you always wanted to do be it travelling, adventure sports, or buying that luxury watch.

About the Author:

This article is written by Aakanksha Sangtani, working as an International Business Analyst at Housal Inc., an online platform for real estate, addresses unfulfilled needs by harnessing technology and bringing all-related solutions under one roof. For buyers, tenants, sellers, brokers, agencies or developers, it encompasses all their answers from property matching, listings, management, analytics and much more. Housal Inc. is the evolution of the real estate process – empowering the real estate industry for the future.

A Complete Guide to Find the Best Apartment or Condo for Sale in Manila

Published Date : January 9, 2018 Property Recommendations

Manila is the central hub of business in the Philippines. Whether you want to work, start a company, or live here, you have numerous residential options to choose from. How can you find the best apartment or condo for sale in Manila? Here are some tips:

Like any buyer, one of your main considerations when relocating is probably the price of the apartment or condo unit. The cost of the apartment is dictated mostly by its location in Metro Manila. The nearer you are to the business districts in Quezon City, Ortigas, Makati, and Taguig, the higher the price—in general. That’s not to say that you can’t find a few bargains here and there. If you are willing to go a little farther or don’t mind living in an older building, you might spot lower-priced properties.

Are you living on your own? If this is the case, you don’t need that much space. Consider a studio-type or a one-bedroom unit, which is much cheaper than bigger cuts. Families with children will need bigger units with more number of rooms. Online listing portals give buyers easy access to properties that are available in each area in Manila. You can just search through the pages and look for a condo or apartment that suits your needs.

Trust developers that have an extensive history of providing quality apartments and condos for customers. Some of the trusted developers in Manila include Alveo Land, Ayala Land, Century Properties, Megaworld, Robinsons Land, Rockwell, SMDC, and Vista Land.

Make a list. Don’t go overboard and try to look at all the condos or apartments available in your price range. Simply sort properties based on the location in Manila that you want to live in and list five or so units that you are considering. You can then email the broker or agent of the unit your preliminary questions and schedule a viewing.

With a little hard-work and better planning, you can surely find a condo in Manila that suits you best.

About the Author: