as published in alveoland.com.ph

The construction boom happening in the country over the past couple of years leads to a practical implication for buyers: affordable prices. Condominiums for sale in the Philippines now come in a range of prices to suit an equally diverse range of budgets.

However, price should not be the only consideration when purchasing real estate: remember why you want to own land in the Philippines in the first place. If it’s meant to be income-generating (either through rental or an eventual sale), consider by how much the property will appreciate in time. According to sales expert Grant Cardone, “Properties historically increase in value as the net operating income of the property improves through rent increases and more effective management of the asset.” Do consider the ability of the developer or condominium association to maintain the property and help increase the value of your investment.

On the other hand, if you are purchasing the property for your own use, think about how comfortable you will be with the environment. Does it have the amenities you like? Is it close to your place of work or to your kids’ school? Finding property you enjoy will make it worth the price.