1. Price is at its lowest – This is so true because you’re not buying a tangible unit yet. Developers initially offer it at the lowest price as a “come on” to investors like you so they can use your money to finance the construction. Several price increases happen as the project approaches completion and therefore giving a big yield on your investment.
2. Easier Payment Terms – The down payment which is usually 20% of the total contract price is spread over the number of months prior to completion or RFO date without additional interest. So for example, a unit worth 3 million that will be completed in 36 months (3 years) and has a 20% down payment of 600,000.00 would result to a monthly equal payment of 16,666.67 for 3 years. Although there is an advantage in paying the down payment in spot cash because of a discount of up to 7%, but you can definitely grow your money more than that in three years if you are financially literate and therefore this kind of arrangement will be very advantageous to you.
3. You can choose the best unit location – Generally, there is ample inventory of units in the first 6-9 months after the project launch. The advantage of this is that you can choose a unit according to your preferences like if it’s facing north, facing the morning sun or facing the amenities or you can choose units with lucky numbers like 8 and 7. This advantage is much more appreciated by people who are into Feng-Shui.
4. Faster and bigger yield on your investment – Property increase its value over time and in the case of pre-selling condos, it increases 2-3 times prior to completion with an average total increase of not less than 40% of its original price.
See the great advantage? While other people think owning a pre-selling condo unit is too risky, here you are with greater understanding of how you can minimize the risks and with the knowledge of its advantages. You are definitely a better condo investor now.
If you’re ready so start investing now! click here to choose from our lists of pre-selling condo units in Metro Manila and Cebu City.
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