Top 10 Reasons To Buy A Condo Hotel Unit
Ask me how your investment will generate extra cash.
Here are the Top 10 reasons why you should own a condo.
1. Preselling condos.
Buildings that have been fully designed and masterplanned but have yet to be built. Their prices are usually low to begin with and rise significantly when they reach RFO status (often double their preselling price). This makes them attractive to people looking for investment opportunities.
OFWs, for instance, benefit from preselling condo units because a) they don’t need to move in right away and b) they get them at an affordable price which will pay dividends later should they wish to resell.
2. Enjoy perpetual ownership.
Perpetual Ownership is a different deal. Here you get to fully own the property. You don’t have to give it back to the developer/landowner because YOU own it. Instead, you can live in it for as long as you like and eventually pass it down to your kids or grandkids as an inheritance.
3. Vacation "free" anytime.
When you own a condo hotel unit, you can use it as a vacation home anytime, unlike timeshares when you can only use your property one or two weeks out of the year.
4. Generate rental income.
When you're not using your condo hotel unit, you can allow it to go back into the hotel's rental program. The hotel management company is responsible for renting it out for you. The revenue is usually split evenly after some adjustment for expenses. Part of the beauty of condo-hotel unit ownership is that you never have the bother of finding tenants or dealing with them.
5. Diversify your investments.
The ups and downs of today's stock market are dizzying. With strong appreciation of second-home prices expected in many locations, you might consider diversifying your investment portfolio with real estate ownership-especially real estate that will add happiness to your life. If the stock market drops, your second home will not only help preserve your net worth, it will give you a fun place to vacation.
6. Secure your place in the sun.
The Residences provides its future homeowners the unparalleled edge of being at the center of all the important residential, business, shopping, leisure, educational and entertainment hubs in the metro.
Pioneer, Mandaluyong lies in the middle of the Makati, Manila and Quezon City giving its residents quick access to the Makati, Ortigas, and Bonifacio Global City CBDs.
7. Avoid maintenance headaches.
Unlike owning a second house or a condominium, when you own a condo-hotel unit, you never have to worry about repairs and maintenance. The management company handles it all for you. You enjoy all the fun without any maintenance headaches.
8. Access to amenities.
When you buy a condo, you also buy rights to a number of amenities. Since all of the money put into the condo is shared by those living in the building, it is possible to afford many of lives little luxuries that are difficult to afford on your own. For example, when you buy a condo, you might gain instant access to a pool, an on-grounds gym, and more. Even better, you don't have to worry about the upkeep for these little perks either.
9. Gain appreciation potential.
They see second homes as the newest symbol of status, the best way to reduce stress, and a direct route to quality family time. So when thinking about appreciation potential for a second home, gaze into that crystal ball and you'll see that it clearly reveals a rapidly growing number of people with the desire, income, wealth and borrowing power for acquiring second homes. There's little doubt that in the future the prices of properties that are located in popular areas like Miami Beach, Key Biscayne and Fort Lauderdale will make today's prices look like bargains.
10. Get in on the bottom of the condo-hotel craze.
The concept of condo-hotels as vacation homes is fairly new and not very well known…yet. However, every indication is that condo hotels are here to stay. Investors who take the plunge early have an opportunity to get in before word spreads and more buyers come on the market and drive up prices. Furthermore, unlike timeshares which are virtually impossible to unload, the resale market for condo-hotel units looks exceptionally promising.
