Looking into how to grow your money can often lead to countless options—so where does one begin? In this brief guide, we’ll walk you through a few pointers tailored for modern life; and how to make effective investments that meet your lifestyle’s needs.
A starting point we can always recommend is investing in property. Housing hits two birds with one stone: homes are a necessity, and always in demand. Because of this, pre-sale housing can be an appealing investment for any professional, and condo units are particularly promising when you consider their ease of maintenance and thoughtful placement.
Now that we’ve set a good baseline, here’s a checklist of things to consider when making your first real estate investment:
Assuming you aren’t familiar with the pre-sale process just yet, familiarizing yourself with the basic terms and systems in pre-selling (e.g. construction timeframe, payment terms, contract provisions) are a good starting point for research.
Next, what are your intentions with the condo? Will you rent it out, or turn it into a long-term home? These considerations help determine what scale and layout you want, and how much you should dedicate to your budget.
We always say: location is key. Imagine living in the space: is it where you’d like to be? How conveniently placed is it? How is accessibility, what are the nearest hospitals and malls? Considerations like these influence your property’s value, and that may be relevant to your needs. Otherwise, they affect the experience of living in the space and location. Both are equally important considerations.
Investing in pre-sale involves research and trusting where you put your money: these are projects that aren’t quite complete yet, so it’s only right that you learn about the developer. Always choose a trusted developer with a good reputation.
The things we’ve suggested in this checklist are generally sound pieces of advice but hold especially true for modern professionals—these lay out an excellent groundwork to start investing, and you can look back at your decisions with a smile on your face.
You can start your hunt for your first condo investment with pre-selling condo units in General Trias, Cavite, in Westwind at Lancaster New City! With Westwind’s strategic placement in the heart of Cavite and its reputable developer, Profriends, your investment will be in good hands.
Learn more about our studio up to 2-bedroom condominium units on our Facebook or Instagram, and let’s chat on how we can help you with your investment.
