Planning to Invest in Real Estate? Tips for New Investors
Investing in real estate involves big money. That is why you need to make sure that you are indeed prepared for it. Refer to the tips below before you proceed with your investment.
Be very specific with what you want.
What is that property you are most comfortable with? Since it is your first investment in the real estate market, choose one that you have a background. For instance, you have tried renting a condominium unit when you were still a student. If this is the case, then, the most appropriate property for you is a condo.
Make sure you have more than enough money to invest.
When you finally own the property, your responsibilities do not stop there. In fact, it is only the beginning. Depending on what real estate investment are you looking at, there are processing fees and more that you have to shoulder afterwards. These can include government imposed fees and of course, improvement and maintenance expenses. So you really need to save and prepare for it.
Study the real estate market.
Before you go on, spend time to study real estate, your targeted market and clients, the regulating laws and relevant regulations, the possible threats or challenges, and more. Essentially, you have to be well versed about the ins and outs of the real estate market. This is proven to be of great help, especially when there’s such great competition in your targeted area. You will know what to do and where to find resources.
Ask help from the experts.
You need their assistance. They can help you purchase the best property for investment with the assurance that there will be no legal impediment or what in the future. Take for instance, the Passion Magnet Marketing Realty, Inc. They have real estate agents or real estate brokers in Baguio City who are duly licensed and accredited by the relevant regulating agency. So you feel confident that you will be guided accordingly concerning the overall process, from searching a property to even reselling it.
What have you realized so far? If you are unsure of what to do or still in doubt, feel free to send us a message and we’ll try our best to help you come up with an informed decision.
Looking at a Condo Unit in Baguio City, Philippines? Invest Now
These days, if you want to get the most out of your savings or retirement, investing in real estate is by far the best option. It can give you double, triple, and sometimes, quadruple of the amount you’ve spent. And if the property is well-maintained and located in a prime location, your profit can go on for decades. This is the primary reason the real estate sector in the Philippines continues to grow fast and strong. In fact, the latest forecast reveals that it will remain “rosy” 2 years from now.
Now, if you are currently looking at different Philippine locations, you can definitely consider a real estate investment in Baguio City. With its cool climate, strong economic growth, numerous prestigious universities, and rich history, your investment is up to a very good start. And since it is a home to a few of the most esteemed developers in the country like Goshen Land, you are assured to get the best property, whether a condo or a house and lot in Baguio City.
In this instance, however, we will be tackling about the benefits of condominium investment.
Premium Resell Price and Rental
Baguio City is one of the premier places for real estate investment in the Philippines. Because of this, whatever property you plan to own in the city, whether a condo unit or a house & lot, it will also come with a premium price. And, of course, if you plan to resell the property in the future, this will have a premium price too. Same goes with the rental. Just think of how much you’ll be earning years after. So, you can expect a higher profit, more than what you can expect.
Sure Tenant if Rented Out
If you choose to have the unit rented by others but you do not have prospects yet, then do not worry because condominium developers are very much ready to help you. They can definitely help you find one through their wide connection in the real estate sector.
Lower Purchase Price
Compared to a house, the purchase price is lower because condo buildings are made up of many units. That is why condominiums in Baguio City are highly recommended to those who are new in the real estate market.
Less Maintenance Cost
Condo developers have their own rules and regulations implemented in the property regarding maintenance, so you will not spend much this.
Condominiums come along with awesome amenities for all the tenants and most are for free. These can include swimming pools, gyms, gardens, parking, 24 hour security, and more.
Would you like to check out a few condominiums now?
Turning Your Passion for Real Estate into Profit
Passion is what keeps you going despite difficult challenges that may come your way in your chosen field or career for that matter, including real estate or being a real estate agent or broker. In this context, we say that lack of this intense desire, it is impossible for a person to succeed with excellence. If you do not love what you do, producing a great work will definitely cost twice even thrice of your effort. And, afterwards, you feel so exhausted and drained. But if what you do is your passion, it feels like you are not working. You always find yourself happy and inspired. You even challenge yourself to step up in order to improve your knowledge and skill for the love of that field or career. Now, this passion that we’re talking about is very important in the real estate sector or property market. And this is why we have come up with this article. You can use this as a guide when asking yourself.
You like to talk about property.
It is actually rare to find people who are amazed to know all about property more than the types and costs. They are those who like to talk about the real estate sector, how a property should be made, managed and turned into a business or source of income. They welcome technical terms and are always willing to spend time to research about them in order to learn more and understand.
You like to market any property.
The real estate sector primarily involves buying or developing and selling a property. So, it’s two sided. That is why you should have this interest in marketing. If you find it fun and fulfilling to promote properties, essentially in the sense of selling them to people, then being a real estate agent or broker, whether part-time or full time is right for you.
Here at Passion Magnet Marketing Realty, Inc., we are very eager to help people change their life through real estate sales and marketing training. Check out the homepage of this website and you’ll see some of the best commission and incentives you can avail of in the property market. We already have successful real estate sellers who are earning 5, 6, and 7 figures even by just staying at home. Discover how.
You like to help people by recommending great properties.
One trait that separates a particular real estate agent from the rest is his or her desire to help the buyers choose the best property for them and not just to be able to sell. This trait actually means you have the passion for real estate, which will lead you to success in no time.
So, do you really have a passion for real estate? If yes, joining our growing awesome real estate agents in Baguio City at Passion Magnet Marketing Realty, Inc. might be the big break you have been longing for. You can start your career with us while staying at home by marketing online or becoming online real estate brokers in Baguio City. We are so excited to have you and be a part of your success in the property market. Talk to us and discover more about our latest real estate projects.
What to Buy? A Condo Unit or House and Lot? Ideas to Help You Decide
What to Buy? A Condo Unit or House and Lot? Ideas to Help You Decide
These days, investing in real estate is one of the best decisions you can ever make in your life. And, you don’t really need to own a subdivision or a big commercial center to start with. The truth is that, your residence anywhere in the Philippines is already a great real estate investment. Not really in the sense that you can sell it if the circumstance requires so in the future, but the fact that your condo or house can be your forever home, where your family grows. Now, whatever type of residence you’re thinking about, it is without doubt worth it, whether a condominium or a house and lot in Baguio City for instance. However, if at the moment, you can’t decide which one to buy or invest, you might find light through this article.
Generally, what are the considerations when buying a condo unit or a house and lot? Here are a few of the basic questions you can refer to.
How much is your budget? The Price Matters
Whether or not a condo or a house and lot are found in prime locations like Baguio City, it is always the former that costs less in general sense. Well, of course, primarily because of its area size and where it forms part, which makes this a good start-up for anyone not just families, but also students and working professionals. But then again, if your budget is enough to purchase a house and lot, we recommend that you go for this; all the rights and fruits of the property are yours. You can improve it in any way you deem proper too.
Where is it located? The Location Rules
Condominiums are usually the ones found in prime locations at affordable price because these improvements are able to maximize space well. A condo, for instance, whatever the area size is, can occupy lots of units. So you observe that most of the real properties near schools or offices are condominiums. However, when considering about the location, you should make sure that the area is safe and secure first and foremost. Whether you plan to live alone or with your family, always remember not to on everyone’s safety and security.
How convenient is it? The Level of Convenience can Make or Break
You need to define “convenience” in your own perspective. You might relate it with proximity to your workplace, your university, or your children’s school for that matter. It might also be close to the city or town’s points of interest or leisure activities. With proximate distance, you can definitely save on transportation costs.
With regard to amenities, however, it generally depends on what are found in the property. However, a house and lot belonging to a subdivision, and a condominium have been found to offer a lot of free amenities for a convenient living.
The newest condominium, the Courtyards in Leonila Hill Baguio City by Goshen Land, for example, offers awesome amenities that include the following: infinity swimming pool, boardwalk, bridge over the brook, spa, fitness center, outdoor dining, picnic groves, barbecue area, 24-hour security officers and CCTV, open and covered parking, and even a wedding garden. Another great example is their house and lot part at Blue Ridge Subdivision, which features the following great amenities: infinity pool, recreational hall, clubhouse, view tower, plank bridge, commercial area, boardwalk, picnic area, and more.
Given these three basic considerations, you might still have a lot of questions in mind, so feel free to contact us as we are always ready to help with any concerns you have regarding real estate investment in Baguio City.
House and Lot Investment: 5 of the Most Important Features to Consider
One of the most practical investments your family can decide for now is buying a house and lot. This will not only benefit your kids in the future as part of their inheritance, but this will also give you a great savings, and of course, peace of mind. Now, given the fact that the country is a home to many good places for this type of real estate investment, we’d say a house and lot in Baguio City is by far the best. The city’s cool climate and booming economy set aside, your family will become part of Baguio’s rich culture and history and close to many of the Philippines’ top performing and prestigious universities and schools. When looking for one, here is a checklist of the features you can refer to.
Clean and Green Environment
There is nothing more important than to live in a community where you can enjoy a breath of fresh, clean air and lush greenery. Imagine a neighborhood where there is no trace of air, water, and soil pollution. Early in the morning when you open your windows, you will be welcomed by a cool breeze and relaxing green scenery, with all the trees and natural wonders.
Part of a Community
No man is an island. This saying also applies to finding that perfect house and lot for your family. It is very important that you have friends and of course, neighbors. You need to belong to a particular community, no matter how small it is. The presence of other people around plays a great role in the overall development of your children, psychologically, emotionally, physically, and mentally. They have to learn how to deal or interact with different people to prepare them in the real world, especially if they are career driven. A house and lot within a subdivision in Baguio is highly recommended.
Peaceful and Secure
Another important feature is your home’s safety and security. Choose that house and lot where you can go home safe and sound and sleep tight because of strong security measures. There should be a very low crime rate in the community or none at all. Also, aside from modern security facilities and equipment around, there should be security guards. Real security officers can check and identify the identity or background of visitors well so criminals will have no way to get in or escape. In such case, you will feel confident about your family’s safety whenever you’re far away.
Developed by a Highly Reputable Company
You have to make sure that you are dealing with a trusted, established and highly reputable developer. This way you can avoid legal disputes and problems. Let us take Goshen Land, for example. Known for its beautiful house and lot and condominiums in Baguio City, Goshen Land has been operating for many years in the city with numerous property titles transferred successfully.
Amazing Amenities at an Affordable Price
It is a very practical investment when there are many quality features and amenities compare to the house and lot’s price. Great amenities include picnic areas, natural parks, eco-trails, jogging pathways, clubhouses, infinity pools, recreational halls, and more.
Do you wonder where to find this house and lot? We can help with all your real estate investment in Baguio City. Talk to us.