Real estate investing is one of the wisest decisions you can make as an investor.
You might think now is not the best time to do so. But in reality, the best time to invest is always now.
Real estate investing is always the safest option for first-time investors. Unlike stocks, bonds, and other investment options, real estate is the most consistent.
And in the Philippines, real estate is a booming industry.
Today we share with you how to start investing in real estate and why you should start now.
Why Now Is A Great Time To Invest in Real Estate
The pandemic has made us all rethink our financial choices.
Most would rather save more than put money in unsure investments.
But like what Warren Buffet says, you need to focus on the future productivity of your assets.
Mortgages and downpayment terms are at an all-time low right now. And the price of real estate is also consistent.
That property you are purchasing will earn you money in the long run.
The land you buy increases value over time. And real estate investing gives you higher earning potentials compared to stocks.
Real estate investing is timeless. And in the Philippines, the industry just keeps growing even with economic challenges.
People who choose to invest in property have seen their money put into good use from ownership to it becoming passive income.
More people are seeing the value of owning their property nowadays. And you should too.
Collaborations are also a good reson for property investment.
Two real estate giants, Robinsons Land, and Hongkong Land, have chosen to collaborate.
Architect Henry Yap predicts that this venture will create better opportunities for Filipino real estate investors.
Check out his interview here.
Investing in the right property will get you places. So if you have been thinking of doing so, now is the time to start.
How To Start Investing In Real Estate
You might have the question, how do I start real estate investing?
There might be hesitations because of your age, your income, and your overall financial capacity.
But of course, nothing is impossible.
You can invest in your first property in your 20’s, you can get loans that your income and financial capacity can manage.
Here are some tips to start your real estate investing journey:
Fix your savings
Look at your monthly income and think if you can be saving more out of it – then you should.
It is not enough to know that you have set aside enough money to invest or get a loan, you have to make sure that money is still coming into your savings account and you aren’t just finishing it all.
This will help in the long run if your mortgage or loan payment terms change. This will also help if you will need extra renovations or if you will build a house from the ground up.
Get a mortgage
There is nothing wrong with getting a loan to help you buy your dream house.
Everyone does it. Just make sure you research and choose the best mortgage that fits your income bracket.
You can even find a fixed rate mortgage suitable for you so that you won’t have to worry about fluctuating interest rates per month.
Hire a Real Estate agent
Trust us, a real estate agent will be your biggest help when it comes to investing in properties.
They can help you research locations, choose the right land or choose the right house and lot, and they can get you the best deals.
They know the ins and outs of sealing that contract. They also get first information for new listings, so you know that you will get to see the best listings they can find for you.
What’s even better is that they will do all the hard work of looking for those properties, and all you have to do is visit and choose.
Ask the right questions
You don’t just settle a downpayment and choose a house in a snap. You need to ask yourself a few questions before deciding.
Ask if you are financially responsible? Can you track your expenses and make sure you are saving enough.
Ask yourself if you know how to own your own house? Can you handle maintenance, monthly dues, and the like?
Last, you should imagine and ask yourself what is your dream home?
Where is it located?
Do you need to have a close-by park, hospital, or school?
All of this will help you find or help your real estate agent find the right one for you.
These are just a few ways to start on your real estate investing journey.
What You Should Consider About Real Estate Investing This 2021
Dream homes and locations have changed after the pandemic.
People are more mindful of their environment and their health. And it is no different when it comes to their homes.
For those who don’t own their own house, you are probably leaning towards wanting to have your property. A place you can decorate freely and a place you can call home.
Before 2021, there might be different real estate trends. But this year there are more things you should think about and consider before investing in real estate.
The Developers Credentials
If you are looking to invest in a house and lot in a developed village, you must check if the developer has a good track record.
Check their other projects, check if they deliver on what they show on paper, and the reviews on the quality of their developments.
It is best to also inspect the home before turnover to make sure that everything is intact and no need for extra renovations.
Explore Provincial Cities
Wouldn’t it be nice to have a wider space and more nature around your new home?
A lot of provincial cities that are near Manila have grown their population because people are looking for more peaceful communities and wider spaces.
And Rizal has been among the best options most people consider.
Places like Cainta, Taytay, and Antipolo have been a favorite. Its prime location and accessibility offers easier access to business hubs.
Ortigas Center, BGC, and Makati are just an hour away. It can also be easily accessed through different transportation points.
It also provides a great community experience and ease of access to key establishments, shopping malls, and recreation.
In a few hours, you can relax and enjoy the scenic nature routes of Tanay.
Looking for a place for date night? Choose from the wide options of cafes and restaurants in Antipolo.
Feeling more Netflix and Chill? Relax and enjoy fiber speed internet at the comfort of your home.
What’s best is that provincial cities have more budget-friendly properties as well. And the cost of living isn’t as high as those in the metro.
Check out our latest offer at Verde Grande Homes here.
Response Time of Property Management
Whether you are investing in a condo or a house inside a subdivision, find out if the property management is any good.
Are they ready for any type of crisis?
Do they maintain the property well?
These are all important to know because you wouldn’t want to live in an area where the management does not care for its residents.
Their job is your safety and you have to make sure if they can do that.
And that’s our promise at Bon Avenir Realty. We ensure the safety and security of our clients.
Our goal is to help create a safe environment for our homeowners so they experience worry-free living every day.
Learn more about Bon Avenir Realty Development Corporation here.
A Home That Exudes Work-Life Balance
Work from home is becoming a staple in this new normal. That means that your office is also your home, and by all means, you would want to separate the two.
Find a place that has ample space for you to have a working area or an extra room for an office. And also have a spot to do some recreational activities for yourself or with your family.
You can also check the signal coverage in the properties you look at to see if you will have a stable internet connection. We all know how important that is nowadays.
There are a lot of things to consider before signing that contract for your next property purchase.
Just always make sure that you get the help you need and do the research before anything else.
Investing in real estate this year is great because you can make use of the low mortgage and payment options available now.
Real estate is also a timeless investment, so you are not putting your money to waste. You are investing it in something that will earn you money over time.
Make sure you have ample savings and find the right mortgage, so you can start investing in your dream home.
Get a real estate agent as well because they can help you with anything you need.
Ready to get into real estate investing? Contact us today.