CDO - Flats for Rent

Merits of buying PRE-SELLING Units!

Real estate is a favorite investment for Filipinos. Most think that you could never go wrong with bricks and mortar. Whether they purchase a house and lot or condominium units, the value of these properties will increase in the long run. Also, the mushrooming of real estate companies also contribute to the rise of investments in real estate in the country. These companies also offer affordable rates and flexible financing schemes which makes it more attractive for buyers.

If you are actively on the rounds for open houses, you might have heard of the term “pre-selling.” Pre-selling means the stage when a real estate developer is already offering or marketing properties—either condominiums, townhouses, or houses and lots—before their actual completion. Although it may seem unconventional to purchase a property that does not exist yet, it does offer some advantages. Homebuyers will first be looking at the actual site and some blueprints. Some are most likely in the construction phase already.

Here are some of the reasons why you should take advantage of buying a condominium that is still in its pre-selling stage:

Huge discounts. Pre-selling units are more affordable compared with ready-for-occupancy units. Due to its lower introductory price, units are 30 to 50 percent cheaper than the finished one. On top of that, developers often throw in 5 to 10 percent more discounts or offer more flexible payment schemes for pre-selling units. Developers also offer in-house financing other than a bank loan.

The privilege to choose. In the pre-selling stages, buyers can choose their ideal unit or locations during the project launching stage. You can choose the floor you want to live in, units that are facing the best direction or even the finest units. You can also enjoy premium amenities that give the property an edge over the rest. You can pick the ones located right next to the swimming pool or playground or the topmost floor to enjoy the skyline.

Rent it out. When the property is complete, you have the option to have it rented out. In turn, your once pre-selling unit becomes a steady source of income. And if your end goal is to have the place entirely rented out, buying a pre-selling unit is the right choice. For the reason that it gives you the chance to pick the kind of unit your future tenants may love. Your unit can become a potential income generator for you and your family.

Market value appreciation. The value of property acquired within the pre-selling stages appreciates over a period after its construction. And if the location of your condo becomes more developed, its value will further increase.

But like everything in life, pre-selling units may be subject to change without prior notice. You have to be extra cautious with the developer you are dealing with. Make sure that they have a good track record in the industry before investing all your money in their projects. Take time out to visit the construction site of your condominium once in a while. Read through your contract before signing it. Or better yet, allow a lawyer to give your contract a once-over before affixing your signature.

Every day is a chance to turn over a new leaf. As Richelle E. Goodrich once said,
" If I must start somewhere, right here and now is the best place imaginable."

Every step towards your goals, whether big or small, is another step closer to reaching them.