There is no doubt that real estate has had a better return on investment. Ever since Covid-19 significantly impacted our economic stability, this might be the right time to invest your money in assets that would potentially grow in the next few years.
Residential properties such as condominiums are large properties divided into several units. Each unit is privately managed and owned by an individual. The property owner of each condo unit has the power to rent out their property to a tenant, making it a valuable long-term asset and investment.
Meanwhile, a strategically positioned condominium that offers wide-range perks and amenities such as accessibilities to health establishments, restaurants, fitness centers, transport hubs, and entertainment is appealing to the eyes of potential tenants. These features are essential for individuals seeking a place to live since each amenity will contribute to an individual’s level of happiness and overall well-being. Remember that the better the location, the greater the demand and the higher the chance of the property appreciating in no time.
Furthermore, the city of Bacoor, a first-class urban component city in the province of Cavite, shows a rapid and increasing shift in modernizing commercial, agriculture, and residential activities. As a result, the city boasts its perfect balance of metropolitan living and a tranquil atmosphere.
In the same manner, the enormous growth of Bacoor in terms of agricultural zones and commercial properties helps the city to entice new investors who are searching for a vibrant way to invest their funds and hope to see it escalate over time. Thus, investing in residential properties, such as condominiums, in the city of Bacoor is the most practical option, as many enterprises will cater to the tenants’ needs and demands.
Here are some of the reasons why you should take part in investing in a condo in Bacoor:
Flexibility of Location
Imagine Metro Manila, the country’s top financial center, key corporate institutions, and lifestyle destinations, is now only a few minutes away from the city of Bacoor. Bacoor is a city located to the south of Metro Manila that is ideal for getting away from the hustle and bustle of the capital. The fastest routes that link Bacoor and Manila are the Coastal Road and the urbanized city of Las Piñas. And so, professionals and families looking for a place to stay will likely seek a serene and peaceful environment of rental unit condominiums residing outside and near the hectic metropolis of the National Capital Region.
Aside from being near to Metro Manila, the city of Bacoor is also close to the city of Tagaytay, a destination of relaxation for city dwellers and leisure time. Tagaytay is a great tourist destination with a temperate climate and the Taal Volcano visible from the city’s ridge, giving it a stunning subject for photo enthusiasts.
Hence, the geography of the city of Bacoor is intermediated to the Metro Manila, the utmost financial district in the country, and Tagaytay, the frequently visited and out-of-town city in the province of Cavite. The geographical advantage of Bacoor has the biggest influence on condo value. The better the location of the condominium, the more value it will accumulate during appreciation.
Convenience and Accessibility
Moreover, buying a condo for sale in Bacoor is a wise way to invest all of your funds. Your prospective tenants may have had enough city life and most likely wanted a more serene area and a less urban lifestyle. The city of Bacoor not only provides convenient access to surrounding well-known cities but also to the proudly historical site of Cavite, as well as other types of establishments. As previously mentioned, a condominium close to establishments such as commercial enterprises, hospitals, and entertainment centers is undeniably captivating for the convenience of the condo unit occupants. The closer the condominium is to commercial properties; the more interested tenants will be in renting it. Similarly, the investor or the unit proprietor may certainly make more money each month by renting their condominium unit in a better location.
Cost of Living
The cost of living is one of several things an investor should consider before purchasing and investing in a condo in Bacoor. The cost of living is the amount of money needed to cover basic costs such as maintenance and upkeep, utility bills, and taxes in a specific area and period of time. If the expenses in a particular city are higher, the basic costs must be higher as well, which may also influence the value of a condo unit. The good thing is the city of Bacoor has a cheaper cost of living compared to the cities of the National Capital Region. Take note, the lower rental unit costs are, the higher the demand to rent the unit, and will most likely be often occupied.
Constant Progress of the City
According to the government development initiative, notably the Build Build Build project, the city of Bacoor is also included in the LRT-1 Extension to Bacoor, Cavite, from Baclaran, and likely partly began operations in December of last year. This will significantly reduce travel time, making the South even more appealing to potential investors, and will improve the quality of life of the residents.
As a potential investor in Bacoor, it is critical to guarantee that your assets are in the hands of a reputable property developer after considering the lists of reasons why you should invest in a condo in Bacoor. This will ensure that your assets will grow and remain stable and protected.
Meridian, The Best Choice In the Offerings of Condo For Sale in Bacoor
Featuring and standing at the 5.8-hectare condominium development of Crown Asia, Meridian offers a wide-open space for amenities, resort-type, and landscaped pocket garden. Making residential property complement the natural environment. Meridian’s spacious one-bedroom units are 30 sqm in size, while two bedrooms are 40 sqm in size. Furthermore, the area of Meridian is also proximately and strategically close to lifestyle establishments such as Vista Mall SOMO, All Home Imus, and Vista Mall NOMO.
The grandeur of its surrounding key regions will greatly enhance the resident’s city-living experience and effectively cultivate a holistic balance of wellness, exploration, and recreation.
Related Blog: Is Investing in a Condo a Good Decision Crown Asia
