Back when I was a kid, one of the greatest pearls of wisdom my father taught me was to invest in things that will grow in the future. In my 20s, I would have loved to remember these words when condominiums were a thing because these high-rise marvels are a surefire investment. Why is this so, you may ask? Let us count the ways.
Condos are cost-effective
In your early 20s and 30s, you may have begun to learn about the power of investing and saving from either your parents, friends, or acquaintances on social media. While you are young, you are warier about the things you put your money into because everything is still so shiny and new to you that you often have no idea what to choose.
This is why choosing to invest in condos becomes a very valid choice. They are cost-effective in the sense that the funds used to pay rent by all the owners go towards the maintenance of the condominium itself, as well as upkeep. This is the reason why you don’t have to pay for repairs when something is broken. The less time you spend worrying about the cost of maintenance, the more you get to spend on daily activities.
Amenities are within your reach
Young adults in their 20s are highly active and are more than willing to explore the world and take part in many activities around them. Investing in a condominium not only offers you a wonderful place to stay but opens you to the many amenities that have become available to you just a few walks and elevator floors away.
Unlike staying in an ordinary household, you have a wide range of activities that you may choose to partake in. Do you have fitness goals you wish to attain? Head for the gym and work on your physical wellness, or maybe head for the pool for a dip with your friends. Tired after a long day of exertion or stressed from a hard day’s work? Go to the condominium’s spa or wellness center and get a hard-earned massage to melt that stress away. Feeling hungry and don’t feel like eating? There may be a place to grab a bite to eat in the lower floors or even a convenience store so you can purchase ready-to-eat meals and drinks to take with you.
Condos are located where all the action is
Condominiums are great investments when you get to live near where all your needs are met. If you usually live far from your workplace, living at a condo nearby is one way to beat the daily rush hour and beat the hassle of commuting. It becomes an even better investment when you are nearby important establishments such as police stations, fire departments, hospitals, and the like.
Aside from the usual reasons above, it helps to know that the area is within a thriving, developing area where you get to meet and greet lots of friendly faces. Accessibility has always been something young adults want in their lives, and with condos usually being near the heart of commercial districts, you will be able to find most of the services and establishments within a few minutes.
It also helps that when you invest in a condo, you are granting yourself easier access at a fraction of the cost. If you don’t drive and stick with commuting, you will be pleased to know that a condo that has a prime location will let you save money. Less cost being put into commuting and driving will go into other activities.
The affordability of condos
There is the myth that owning a condo unit is expensive. People often think that they wouldn’t be able to afford to live in such establishments due to some false beliefs, assuming that it would be cheaper to simply rent an apartment or live in an ordinary household. With the rise in the popularity of condominiums, this old myth can be put to rest. Not only are condos affordable, but it becomes a good reason to invest in one.
One reason condominiums are a lot cheaper than owning a house is that the land isn’t yours to own. It provides fewer headaches when dealing with paperwork. Another reason is the number of square feet that condo units usually have. The spaces are smaller than ordinary houses, thus less foot traffic is needed. You also don’t have to worry about paying for lawn care or parking maintenance.
Security is top-notch
One important detail young folks need to remember as to why condominiums are solid investments is the security that they have when they start living in one. When you live in an ordinary household, say a subdivision, sure they have guards positioned at the front of the entrance and exit gates, and for some that is all they need to feel safe. Once you start living in a condo, you begin to realize that their security is leagues above the ordinary.
For one, it becomes difficult for anyone to steal anything from your unit when you are the only one with the keys to said unit. That function is something most would love to pay extra for even in apartments, but condos will have that in some shape or form. An added bonus to security is that they implement various rules that owners will adhere to. These rules are put in place, not to limit you and what you can do within or outside your unit, but to protect your investment’s property value. You wouldn’t want to do anything to damage your unit when there are rules put into place that prevents that from happening.
Closing Thoughts
When you choose to invest in a condo at a young age, you aren’t just investing in a piece of property. You are choosing to secure your future. Condominiums may seem intimidating, but their pros outweigh the fear you may feel. If it weren’t such a great investment, other young adults wouldn’t have invested in them long ago, but now they reap the benefits.
Start planning ahead and invest in a condo that best suits your needs. If you are living within Legazpi Village or are near Makati, why not try 110 Benavidez? Their condo will blow you away. Living in their units feels like staying at a world-class hotel.