Having cold feet? We feel the most anxious about trying new things when we don’t know enough about it. In my previous article, we figured out why we should indulge in making investments early on. Now, let’s gear up and learn about the safest venture you can make amidst the occurrence of the pandemic, the real estate.
The industry has been resilient amidst the pandemic as pointed out and agreed by property experts during Lamudi’s online roundtable, On the Horizon: Real Estate Leaders on Market Recovery. Despite the negative impact during this time, optimism remains as developers continue to strive through unabating innovative efforts and continuous launching of developments with better value propositions to the market. Perfect examples of these efforts are seamless transactions like online appointment for site trips, online payment options, and online reservation mediums. Some even make the extra mile to help investors thrive during this pandemic through flexible payment terms.
Moreover, one of the most resilient property segments in real estate up to date is the residential sector. This gives more opportunities for developers to pick-up on the demand for this specific segment. As pointed out by Enrique Soriano III, executive director of the strategic business advisory group in Asia, Wong+Bernstein Advisory, it is seen to remain stable over the medium to long-term; as a high rate of demand is still yet to be met.
REAL ESTATE: YOUR WAY TO A COMFORTABLE LIFE
Are you ready to make a jumpstart in investment? I’m guessing you are, or else you wouldn't be here.
It makes sense, doesn't it? Everyone, including you and myself, needs a place of our own. A quality house and lot in a prime location at an affordable price? Some may say it's impossible to get both, but I beg to disagree. There are housing projects strategically nestled in progressive places in Luzon, Visayas, and Mindanao that don’t require you a huge amount to own them. As I mentioned earlier, flexible payment terms are made available for prospective buyers to help them carry on with their plans amidst the pandemic.
Let's go more personal. I want you to take the role of an investor and look at this article from that perspective. I won't be asking you to buy a house and lot, yet. What I want you to do is to think as if you already own one as we go through a series of questions leading us to this venture’s advantages - answering WHY real estate.
Ready? Let's start!
Where would you want to grow your own family?
Some of you may be young professionals who aspire to be good providers of your own families someday. Or, it can be that you already are the provider and want to give only the best for your kids. Whichever the case may be, one of the things you’d look into is a place for your loved ones. Getting the perfect fit house for your family means nothing but security and safety for them, which is why it is best to be in a subdivision with 24/7 security and in an accessible distance to all their other needs. They deserve a livable community that offers an undeniable convenience!
How invested are you in your kids’ welfare?
The next thing to think about is your children’s tomorrow and how they will achieve their life goals and aspirations. A happy child comes from a happy home, just like how a healthy home is from a healthy community. A place where their ideas are nurtured, respected, and encouraged is eventually where you want them to be. Investing in something that could suffice to that would never be a waste. Not being able to do so is another thing; it is as bad as failing your kids the right environment to live. Surrounding them with people of the same values and mindset will give them a different level of inclination towards respecting others on the same note as giving importance to investing for their welfare.
How much should you be earning to live the lifestyle you want for you and your family?
Living the life you desire is the ultimate goal, isn't it? However you want it, be it monthly travels, food trips, luxury brands, etc., - it requires money. You wouldn’t want your family to be left out, would you? Other than a beautiful and spacious abode, which is a need, you would want to give them everything you could. The question is, how much can you afford? Do you have enough to live today and sustain your activities hereafter? Is your salary enough? Here’s where your other income stream can help you! Now that the house and lot you purchased in its pre-selling stage is already built, you can now lease it out or sell it at a higher price to generate more income for you. Your old home or extra lot can also be used for your rental business or other business ventures too. The more money your activities require from you, the more income streams you need, which perhaps your landed property can fulfill.
How invested are you in your kids’ welfare?
The next thing to think about is your children’s tomorrow and how they will achieve their life goals and aspirations. A happy child comes from a happy home, just like how a healthy home is from a healthy community. A place where their ideas are nurtured, respected, and encouraged is eventually where you want them to be. Investing in something that could suffice to that would never be a waste. Not being able to do so is another thing; it is as bad as failing your kids the right environment to live. Surrounding them with people of the same values and mindset will give them a different level of inclination towards respecting others on the same note as giving importance to investing for their welfare.
What legacy do you plan to leave behind?
It won’t be for long that you’d stay young. You won’t be able to work like before which would affect your earning capacity, or perhaps it’s possible that you may totally stop earning money. You can lose your job! That is not impossible – that is why you have to make it worthwhile. You have to accomplish something while you still can earn. Secure something that won’t diminish and that could still be handed over the next generation. It can be your assets like house and lot, along with the wisdom and the mindset that you can share with your younger kin. This way, you give them a sense of responsibility to do the same for their future selves and their families. As you hand them the keys to their future abode, you also impart to them the right attitude to help them get ahead in life. Just like that, you leave them your legacy.
Needless to say, we all want a comfortable life. Get a step closer to its fulfillment by investing today. For real estate investments, find limitless options by checking on affordable and quality house and lot in the Philippines. Don't waste more years and be an investor now!