Planning to buy a property? Careful considerations in the budget, location, and many more have to be made before investing in one. However, owning a property like a condo in Ortigas can prove to be a beneficial one. Here are some benefits that you may encounter:
Work can be a source of stress. If you are working in the city, commuting with endless traffic can add up to the stress that you have. When it is present daily, illness can set in – and that is not good. You can either stop working or relocate to a workplace much nearer to your home. Yet, this may not be an option, especially if your job offers good pay. You can reduce your stress by owning property near your work. You can lessen the hours of travel from your place to work and vice versa by investing in a condominium. When you have secured a nearby residence to work, it would only require walking from your home to work – which is an excellent form of exercise.
Become independent and learn the value of responsibility
When you get your own place, you will be responsible for everything inside your home. For instance, you will be accountable not only with the payments for your home but also for making sure that your utility bills are up to date. You will be responsible for the cleanliness of your home or condominium so as not to cause trouble for your neighbors. There will be no one to pick up after your mess or wash the dishes that you used. The cleanliness of your place will be your sole responsibility. With all these tasks, you learn the value of independence. You learn to take care of yourself. Being independent does not only mean living outside the comforts of your parents’ home but also taking care of yourself and being accountable for your actions.
Source of additional income
You may not want to stay in your condo in Ortigas due to liking the comfort of your parents’ home or any other reasons for that matter. With this, you can have it leased for a year or so. You can also have it rented out for a couple of days to friends or post it to a hosting website so that other people can check out your condo. This way, the apartment provides extra income for you. The additional income can help cover facility dues or repairs and renovations that you may need to do in the future.
A place to stay for friends and relatives
Owning a place in the Metropolitan area is a good investment. Should friends or relatives arrive from overseas or far places (like the province) and need a place to stay, you can offer your condominium. You don’t only give them somewhere to stay but also lessen their expenses for their visit.
Whether you want a place of your own or a place to relax and enjoy, a functional condominium unit is always a good investment. Ensure that you are getting the right one for you. Consult your local real estate agent before deciding to invest in one.