Reasons to invest in a condominium; This is for you prospect investors!
One Oasis is a condominium project by Filinvest Development Corporation, which will soon rise at the heart of Cagayan de Oro City. It takes the form of an Asian-Balinese inspired master-planned community of mid-rise residential buildings set within a sprawling 2.7-hectare property.
Many have thought that condominium units are only a necessity if they needed a convenient place to stay while being near establishments and schools. Real Estate Brokers and Salespersons usually offer condo units for young professionals who would want accessibility to their workplaces, as well as for those parents who would want to have their children stay in a comfortable place that's near their school. Some may just want to have a good place to stay while they're in Cagayan de Oro.
For those who are capable of buying a condo unit but don't see the need like those mentioned, for example, they already have a place to stay in Cagayan de Oro, they would immediately shut off the option of buying one. But you know, condominiums aren't supposedly just bought for residential purposes, they're for investment purposes too.
For those who are capable of buying a condo unit but don't see the need like those mentioned, for example, they already have a place to stay in Cagayan de Oro, they would immediately shut off the option of buying one. But you know, condominiums aren't supposedly just bought for residential purposes, they're for investment purposes too.
It's about time that we'll be more open to buying this not just for the plan of having some place to stay, but also, you can invest so you'll have it rented out. Trust us, you'll definitely get some worth out of your pockets, plus you'll indeed have a market for these condo units since they're all located right in the city proper, which means many establishments are just nearby and convenience really matters for whoever customer you'd ask. All you got to do is have your condo unit financed by the bank, and you'll let your money work for you. If you want, you can also hire your Real Estate Broker/Salesperson to manage your property while you're away.
According to http://www.goodfinancialcents.com/passive-income-ideas/
According to http://www.goodfinancialcents.com/passive-income-ideas/
...Another benefit of investing in rental properties is the loan pay down. If you obtain a loan to buy the property, each month your tenants are paying off part of the loan. Once the mortgage on the property has been paid off, your cash flow will increase dramatically, allowing your mediocre investment to skyrocket into a full-fledged retirement program.
The another good thing about a condo is that foreigners are welcome to invest.
As for One Oasis, this is a condominium investment you can pass on through generations. The hearsay that a condominium would just last 50 years won't be true in this developer's watch since the land the condominium's built on was bought by Filinvest itself, and you won't worry about the condominium corporation's lease contracts or whatnot. Also, the condominium corporation's term doesn't necessarily equate to 50 years, it's actually just co-terminus with the project.
Just so you know, if you're indeed planning to invest in One Oasis, building 1 is already ready for occupancy, and building 2 will be ready for turnover by 2018. Filinvest is known for being a fast builder of their projects so it won't be long till they'll have your unit turned over to you, once you've paid off your equity too, of course.
Aside from what was mentioned, you can also benefit from your property's value appreciation, which is usually around 5% per year. Since land does not depreciate, you can be assured that your real estate investment will be safe, unlike in stocks (which is also a passive income idea BTW) where your earnings are quite unpredictable because of fluctuating prices in the stock market.
As for One Oasis, this is a condominium investment you can pass on through generations. The hearsay that a condominium would just last 50 years won't be true in this developer's watch since the land the condominium's built on was bought by Filinvest itself, and you won't worry about the condominium corporation's lease contracts or whatnot. Also, the condominium corporation's term doesn't necessarily equate to 50 years, it's actually just co-terminus with the project.
Just so you know, if you're indeed planning to invest in One Oasis, building 1 is already ready for occupancy, and building 2 will be ready for turnover by 2018. Filinvest is known for being a fast builder of their projects so it won't be long till they'll have your unit turned over to you, once you've paid off your equity too, of course.
Aside from what was mentioned, you can also benefit from your property's value appreciation, which is usually around 5% per year. Since land does not depreciate, you can be assured that your real estate investment will be safe, unlike in stocks (which is also a passive income idea BTW) where your earnings are quite unpredictable because of fluctuating prices in the stock market.
I do hope you'll consider investing in a condominium unit, even if you already live in Cagayan de Oro. This is open to everyone who's willing and able to invest.
Visit this site to learn more about this development:
http://vdsalcedorealty.weebly.com/one-oasis.html
CONTACT ME:
(+63) 916 362 7160
vanesadlrsalcedo@gmail.com
Vanesa D. Salcedo, REB, REA
Licensed Real Estate Broker and Appraiser
PRC REB License No. 0030861
PRC REA License No. 0009736
Valid Until September 2019
HLURB Registered
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