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Thursday, June 24, 2021
DAVAO

What makes a ‘good’ location good for a condo investment?

INVESTING in real estate properties, ready for occupancy (RFO) or pre-selling ones, have many things to consider but most property buyers will always prioritize looking for an investment in a “good location.”

Location is charting up the surveys on the investors’ primary consideration when it comes to real estate investment. Averagely it is one of few tick boxes in making a buyer close a deal.

Hence, whether you are a seasoned investor or a newbie looking to buy your first real property investment, this writing will surely open your options in looking for the right investment location.

The centrality of the investment location

Basic things to consider are the proximity of your property towards your basic needs and the accessibility towards your daily routines.

“Will I have a low to moderate traffic going to my workplace daily?” “Is there a mall or grocery nearby whenever I want to buy some supplies?” “Can this place offer ease of access to my children going to their school?” These are questions that are typical yet important to be answered.

Malls, grocery stores, banks, hospitals, schools, and universities, are some of the valued essential proximities investors are looking at and should look for nowadays.

Plus, this might also be a thing to consider if you are looking to invest in an urban or city area, chances to get a good spot might be low as these lands are finite and mostly valued higher compared to rural areas where commercial establishments are limited or yet to be developed.

The neighborhood of the property location

Investors are looking at the safety and security of a place to live and invest their money nowadays.

According to some real property buyer preferences studies conducted in 2020, a few have put safety and security at their top list when considering buying a property.

The pandemic has altered the buying preferences of investors last 2020 and will still be the situation while the global health problem is not yet resolved.

On the other hand, the neighborhood’s location is also considered with how it appears and the quantity and quality of amenities it offers.

The overall appearance of a neighborhood should be a requirement such as green spaces to foster a better visual. The presence of trees, beautiful landscapes have shown an amount of help in decreasing mental and emotional stress from previous studies.

Today, buyers are also looking after the presence of grocery stores, shops, restaurants, etc within their property subdivisions or villages. Most city investors have dynamic lifestyles which frequently need access to conveniences.

Development in the property location

One thing is to know the present perks a property location has to offer but as an investor, you will also need to see the future of the development and the area in a larger radius.

Experienced investors are looking after the return on investment (ROI) and appreciation rate of their purchased real property especially when they invest in pre-selling properties.

Meanwhile, end-users are more likely to look at present developments in a location. However, you should be prepared on the present actual rates of properties as developed areas would place more expensive rates.

Strategic condo locations in Davao offered in Camella Manors

Having to weigh your options might be difficult but try to ask yourself in the present if you are an end-user or an investor, that will surely ease out the process of looking for the right property and location for you.

Fortunately, Camella Manors in Davao City lets you have both options to consider while checking your list. Its ready-for-occupancy project, Northpoint Davao offers the present location perks of centrality, vibrant neighborhood, and developments that are accessible along JP Laurel Ave., Bajada.

Meanwhile, if you are an investor, you might want to check its pre-selling project, Camella Manors Frontera located along Tigatto Rd., Buhangin to offer the new business location in Davao City.

Prepare to live outside the box at Camella Manors, and visit us at our Corporate Office in Northpoint Davao, Bajada, Davao City or via the official website at ww.camellamanors.com; you can also email us at inquries@camellamanors.com or call us at (082) 221-0716 to know more. (PR)


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