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.
The country’s trusted developer Empire East Land Holdings, Inc. has solidified its commitment to give Filipino homeowners the best value for their money. Empire East adheres to the highest standards of upholding their commitment with home seekers when it comes to dealing with pre-selling units.
Among Empire East’s developments is Mango Tree Residences in San Juan City. Located along M. Paterno Street corner Ledesma Street, Mango Tree Residences offers two high-rise towers that are a great addition to Empire East’s portfolio of flourishing communities.
This place attracts mostly nature lovers who are enticed by the refreshing view of mango trees dotting the perimeter of its 3,000-square meter land area. A stunning grand five-star lobby will greet its new dwellers. Mango Tree Residences is known for having a low-density community where there are only 6 to 12 suites per floor. Privacy and exclusivity are high on its list as well. It offers key features and amenities for homeowners to enjoy a life closer to nature. It thus caters to individuals and families seeking a sanctuary in the middle of the concrete jungle.
To know more, call 810-3333 or e-mail inquiry@empire-east.com. You may also visit www.empire-east.com or join the conversations by following @empireeast on Facebook, Twitter, and Instagram.