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.
