5 Reasons Why Real Estate is the Best Investment
YOLO or “You Only Live Once” saying might say a lot about Millenials—though not all the way through. Many youngsters today are into investing and business seeking at an early age. This forward-thinking of Millenials today is what made this generation interesting.
So if you are one of those people who are into investing rather than buying material things that depreciate over time, this article answers the question is a condo a good investment and talks about real estate as an investment.
It ALWAYS Increases in Value
Whether it is a condo, a house and lot, or a townhouse, all real estate increase in value over time. No matter how slow or fast the increase is, depending on the location, the value constantly increases.
In 2018 alone, an estimated 12-14% increase in townhouse prices all over the Philippines is charted. While there is a 2% increase for condominiums.
Lower Risks
Unlike trading in stocks, investing in real estate is less volatile. As the increase is constant, there is no need for regular monitoring of price changes. Hence, it is less likely to lose in this industry.
Advancing Technology
The advancing technology puts the real estate in advantage. The marketing of real estate is made easier by technology, as it can be done online and reach the right customers. Therefore, if you are looking for a property for the purpose of renting it out to generate passive income, with technology it is as easy as a pie to find interested customers. Today, there are online platforms specifically made for individuals looking for a place to buy or rent like Airbnb and Carousell.
Both a Home and a Business Opportunity
These properties have a lot of potentials. It could be turned into a home. It could be turned into a renting space. And it could also be turned into an office or a commercial space. Whatever opportunity comes your way, you have space under your control.
Road Extension Projects of the Government
In response to the demand of the economic growth in the Philippines, the government executed its Build Build Build Project. That is why, infrastructures, railroads, and expressways are being built at a fast rate. Hence, it is the perfect time to invest in real estate as more and more lands will be within reach from the important company firms in Metro Manila. The surge of international businesses would invite tourists and workers from all over the world, and they will surely need a place to stay.
by Jel Caira Vinculado