SEVERAL studies revealed that people who are born between late 80s to late 90s or what we refer to as the millennials invest a large portion of their money on travel. Thanks to the Internet, the world has become a global village, and the millennials grew up with easy access through their electronic devices the information they needed or wanted.
Millennials are born when low-cost flights, travel bookings, photographs of places and social media comments and reviews can easily be accessed with just a few clicks from their gadgets.
These are just some of the reasons seen why millennials choose to invest in travel rather than saving up for a house.
But for Noel Jan Te, Brand and Marketing manager of Amani Grand Citygate Davao, a project of Grand Land, Inc., one of Cebu’s leading real estate providers, this should not be the case. Instead millennials should opt for houses and not in travel.
“Travel will always be there,” he said adding that real estate properties’ value is fast and continues to appreciate. In fact, he said, “It (the value of real estate) has never depreciated.”
He added that 2018 is the best time for the young professionals to buy houses or condo units especially in Davao City where the economy is booming as he sees this in relation to the country’s president being a Dabawenyo.
“Investing in real estate does not only mean you’ll going to use the house or condo unit as your home, you can also use this as business,” Te added. This can be leased or rented to someone where you earn money instantly, he said.
Meanwhile, Aeda Mae Sanchez, Amani’s sales director, said it is always best to invest first before traveling because “what one sees as a need now may become a want if you can take a little time to get over your feelings,” a good advice for the wanderlust.
“Traveling is another form of self investment... but make sure you travel because you have extra fund for that,” she said.
This idea was reiterated by Ed Zaldy Largo, sales manager at Technolux Equipment and Supply Corp., the leading provider of quality home and hospitality equipment.
However, he suggests that millennials should let them be. “If they enjoy travel, then go, travel the world.” But he added that they should stop and start to think about where their money has gone at the age of 30. In this way, they’ll realize the essence of investing in houses or real estate.
“When you age 30, make sure you already have started investing for your home,” he furthered.
No matter what generation any one belongs, investing in real estate is essential. It does not only secure your future, it builds your future.