Real Estate Blog PHILIPPINES

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The good life of condo living

—KG dela Pena/Unsplash

The appeal of condo living in the metro is very much apparent. It’s fast and easy for new families to move into a condominium unit rather than take time to oversee the construction of their house. Young professionals believe condos are ideal because they are close to most schools and business districts. Whether living with friends or living alone, there are many choices and areas for you to find your perfect urban vibe.

The fantastic views

Imagine waking up to a view of the city skyline from your apartment. The scenery from above is usually breathtaking, whether daytime or nighttime. Most residents of landed homes may never have this experience, even if their property has a lovely garden or yard.

Superb amenities

The significant benefit of living in a condo community is that residents have access to various lifestyle activities that typically require separate memberships or lengthy travel distances to visit. Today’s standard high-rise communities may already have swimming pools, wellness centers, spas, fitness gyms, playgrounds, function halls, jogging paths, and tennis or basketball courts. You only need to take an elevator ride.

Proximity to business districts, entertainment

The locations of condominiums are often in or near mixed-use entertainment and commercial centers. This setup entails living close to jobs, restaurants and bars, public transportation, essential attractions, and various events. Tenants will also be able to order takeout and delivery from local restaurants, do necessary errands, and meet friends without needing to drive.

—Paul Szewczyk/Unsplash

Peace of mind

The role of condominium administration is to ensure the safety and well-being of all condominium owners and renters. Staff and association officers implement the rules, policies, and regulations. Entrances, parking lots, and other entry points and the influx and outflow of external visitors are secured and monitored. All safety and security issues are recorded and documented by 24/7 CCTV surveillance video recordings.

Being part of a community

The best part of living in a condominium building is forming close bonds with your neighbors. Most members will get acquainted at condo association meetings and through chance encounters in communal areas. There is a chance to connect, discuss similar concerns, and plan parties and events for all ages. The environment is ideal for socializing and building a network of friends, especially if you’re new in town.

What maintenance?

Living in a condo alleviates the burden associated with estate maintenance. Your condo association’s monthly fees handle most of the routine maintenance work. Additionally, all condominium organizations must establish a reserve fund for substantial long-term improvements. There is minimal need to concern oneself with repainting the exteriors of a home, employing professionals to repair systems, or washing the windows.

A growing investment

A condominium unit is still considered a real estate asset. It is an investment that continuously rises in value each year. If you decide to exit, you will immediately profit from the sale of your condo unit. It can also generate monthly passive income through rentals. In some cases, unit owners can use the property as collateral for a loan. Numerous first-time condominium unit buyers will have the opportunity to diversify their assets and increase their equity.

Nothing beats the urban vibe

The conveniences of urban living simplify life and provide numerous perks and benefits. Apart from being an excellent investment, condominiums facilitate and brighten the everyday routine. Condominium residences are where the good life is all about!

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The article was originally published in Inquirer.NET and written by Ar. John Ian Lee Fulgar.