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Consider These Things When You Browse Condos for Rent in the Philippines

Are you in search of a condo for rent in the Philippines? A condo can indeed be a great place to live because most of these properties are well located. They come in all sizes, from studio units for singles and couples to 3-bedroom condos for families. There are many perks that go with renting a condo unit.

But before you go ahead and sign that rental agreement on the first unit you see, here are some quick tips to consider:

Narrow down your location

To make your search a little easier, you should establish the location where you want to live. If you work, it is always more practical to get a condo near your office. If you have kids, perhaps you can choose a building that is located near their school.

Use web portals

The most convenient way to see and compare different condos for rent in the Philippines is through a web portal. Instead of just looking for countless condos from search engines, you can just go to an online platform that is created to provide you with all the information that you need. It will indicate the developer, the size, the price, and full description of each unit that you are interested in.

Decide if you want a bare or a fully furnished unit

A fully furnished unit is best suited for those who don’t plan to buy any furniture. It is easier and faster to move into a condo for rent in the Philippines that has all the appliances, beds and chairs that you can use. A bare unit, on the other hand, can be a practical choice for those who have their own personal furniture. They typically cost a lot less than fully furnished condos.

Visit the condo

To make sure that you are getting what you ordered, take a look at the place you are renting before making any transactions. Check the unit and walk around the condo community. See if the overall environment is suitable for you.

Moving-in can be a tedious and expensive process, especially if you have a lot of personal belongings. You must make sure that you are renting the right apartment to avoid any surprises later on.

About the Author:

This article is written by Aakanksha Sangtani, working as an International Business Analyst at Housal Inc., is 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 Few Easy Steps to Find Apartments For Rent in Manila

Published Date : February 13, 2018 Uncategorized

Many people are moving to the capital city of Manila in pursuit of better jobs and world-class education. Others just want to live in lively neighborhoods where they can enjoy cosmopolitan living and all its perks. But since buying a property in Manila can be costly, they often rent apartments instead. Want to do the same? Whether you are new to the city or are simply looking for a better apartment for rent in Manila, the following tips will help you:

1. Determine ideal locations based on your lifestyle.

The city is so big; in fact, Metro Manila is one of the largest mega cities in the world. Decide where you want to live. You can base your choice on proximity to your job, convenience and cost of living. It is better to identify and list all of your options first so that you can make an informed decision.

2. Trim down your options.

After everything is laid out, it’s time to pinpoint the pros and cons of each option. What do you need to prioritize? Do you want a place that is near your office, or an apartment that is near your kid’s school?

3. Use all available resources.

When it comes to looking for apartments for rent in Manila the internet is your best friend. Simply go to a trusted online property website so you can search faster and more accurately. All you need to do is type all the necessary details of the apartment you are looking for—such as location, price, etc.—and the website will provide results according to the information you gave.

4. Visit the apartment.

It’s not enough to look at pictures, so be sure to do a house inspection before signing any deal. This is also your opportunity to talk directly to the landlord and maybe negotiate on the rental price.

Live the life that you have been dreaming about in Manila. Happy home searching!

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5 Tips: How to Lease Your Condo for Rent in Ortigas

Published Date : January 2, 2018 Real Estate 101

Buying and leasing a condo is quite common for unit owners in Ortigas. Since this area is home to different offices and business establishments, condominiums here are easy to lease out to people who want to live near their place of work. That said, you can expect a lot of competition because there are many condominium buildings in the area. The key is to be smart when leasing your condo for rent in Ortigas. Here are five tips to help you along:

Dress up Your Unit

Nothing is more sellable than a condo that lets potential tenants imagine how it would be like to live in the unit. Since your condo is in the Ortigas area, your most probable tenants are single professionals (but do not exclude the idea of having a family rent the unit). It is highly recommended that you place furniture and appliances in your property—at least the most basic ones. This will make it easier for your clients to rent the unit because all they have to do is move in.

Do take note that a fully furnished condo could mean higher rental rates, which may scare some possible tenants. It might be a good idea to give them the option of renting a bare unit or retaining the furniture and appliances.

Marketing is key

With the number condos for rent in Ortigas increasing each year, you need to stand out from the crowd. Have the unit listed in high-traffic real estate portals online. There are many choices, but not all of them provide the convenience of connecting buyers and owners. Search for platforms that have an easy-to-use interface and allow flexible commission arrangements.

Be ready for unit viewing

Always keep your phones and schedules open. A client may contact you anytime to view the condo. Make it a point to accommodate them and present the condo with all its amenities and features.

Upgrade your insurance

You may need to beef up your insurance coverage. You can include appliances and other furniture to ensure that all of these are protected in case of damage or loss.

Prepare contracts and other legal documents

Once you have agreed to the monthly rental rate, required deposits, and what the tenant can and cannot do in the condo; everything must be put into writing. You need to have the agreement signed by your tenant. This document will protect the interest of your tenant as well as your interests as the owner.

You can turn your condo in Quezon into a money-making machine just by smartly putting it up for rent. Just think about the extra income that you will get every month as rental.

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