Makati is one of the most vibrant cities in the Philippines with its sweeping city skyline, its blossoming commercial areas, tons of great people to meet, and awesome places to hang out after a long day at work. It may seem like a daunting task to look for a place to live in, let alone for first-timers looking to invest in a condominium unit. With this in mind, Buying a condo at 110 Benavides is a very good investment.
Condo vs Typical Home
Before we begin, let us first mention why condominiums are a much better investment nowadays than your typical house and lot. Condominiums have this reputation that only the rich and famous live in condominiums. The truth is that condominiums are less expensive than house-and-lots. They are cheaper than an actual house because it has smaller square footage and the maintenance cost are lower as well. You may choose to live in a unit or opt for an entire floor if your budget is enough.
A prime location worthy of your investment
110 Benavides is located in Legazpi Village, Makati; a haven for those who want to live in a laid-back, hip neighborhood that is within the Makati Central Business District. It is located near multiple cafes and food establishments, so finding a place to eat will never be a problem. You may also find some beautiful parks to relax, stroll, or exercise in to unwind. If you are looking for a great place to shop, 110 Benavides is very near Ayala Malls Greenbelt.
Excellent and modern amenities
While some condominiums have swimming pools, gyms, and good food, 110 Benavides raises the bar. Boasting a 31-floor tower that impresses its owners with its aesthetic facade, it also features a grand landscaped roof deck that is a perfect photo op for those who want to take in the panoramic view of Makati. Take a dip in the Infinity Pool high above the city and enjoy the view.
It also features an amenity floor with a CrossFit Manila gym and a function room that is expandable depending on the current needs. Need a suitable working space? Try ASPACE Manila and supercharge your coworking and collaboration projects under one roof.
Great options for investments at 110 Benavidez
While most condos would simply ask you for a contract with them and then leave you, only to find out about their fees and maintenance costs, at 110 Benavidez, they offer you two unique options to choose from in terms of investments. The first is as a Private Residence where you can enjoy living at the heart of the Makati central business district with its top-notch hotel-like services. The second is the more sought-after investment: the Serviced Residence.
By getting a Serviced Residence, you will get a unit in the Citadines Benavidez arm of the condominium unit. The great thing about this is that Ascott will manage the units of the buyers so you don’t have to. However, you may be asking yourself, why get a Serviced Residence when you can just get a Private Residence and be done with it?
Advantage of owning a serviced apartment in Citadines Benavidez Makati
There are six solid reasons why owning a Serviced Apartment/Residence is a great investment to make with 110 Benavidez. These are the following:
Tenant Sourcing
Ordinarily, typical residential condominium unit owners need to find their tenants. This process takes up a lot of time and unneeded stress for owners. With serviced residences, Ascott Limited handles the outsourcing duties with its extensive global network. They will be the ones to handle and operate your unit for you.
Profitability
When it comes to ordinary condos, income is based on the rental rate that was negotiated by the tenant and the owner. The rental rate increases only in the renewal of lease contracts. Thanks to the investment in serviced residences, profitability is based on the serviced residences, and the rate also increases during peak seasons because returns are dynamic. There is also no need to pay any monthly association dues and yearly real estate tax.
Returns
Normally, if a condominium unit is not rented or leased, as long as there is no tenant, the unit owner will not receive a rental income. For owners of 110 Benavides Serviced Residence units, however, they will receive income whether or not the unit has been rented or not, and their share in the profit is determined by their unit’s floor area.
Furnishing and Interior Design
New owners of Serviced Residences will be happy to notice that their condo units are already furnished and beautifully decorated upon purchase. This is sadly not the case if you look elsewhere when purchasing condo units, as it is not always included in the initial purchase. Sometimes, it may be an additional cost to the unit.
Repairs and Maintenance
Unlike other condominiums, tenants are responsible for their units, and they must provide any repairs and maintenance. This is a hassle and can be a deal-breaker for those looking to have peace of mind. At 110 Benavidez, Ascott will handle all serviced residence unit maintenance, upkeep, and insurance so owners can rest easily.
Resale Value
Thanks to the assistance of Ascott and their years of experience in managing properties, the serviced residence units of owners will appreciate over time. In addition, the owner may opt for 10 days of free stay or the owner may sell their free stay for additional income. The owner will also receive a Condominium Certificate of Title (CCT) for their unit/parking slot and can sell the unit/parking slot anytime they wish.
Final Thoughts
If you were to ask again if buying a condominium in 110 Benavides is a good investment in 2022, the answer would always be a resounding yes. With all the reasons put forward and the value you receive from investing in them, you can breathe a sigh of relief that your investment will not go to waste. Ascott Limited is the number 1 Serviced Apartment operation in all of Asia and many accounts exist in the Philippines. Why waste time with poor alternatives when you can choose a great deal with 110 Benavides? You will not be disappointed.