Lot Buyers’ Checklist: Consider This Before Purchasing a Lot
Thinking of buying land? You may want to look into venturing outside Metro Manila. While acquiring your own real estate within the heart of the city sounds enticing, living in Metro Manila’s residential villages may mean dealing with the daily city traffic and the urban hustle and bustle. All of these can have an impact on your quality of life.
This can be especially important if you are raising a family. Those with children may want to consider places where they can nurture their young ones to be the best versions of themselves in a holistic, peaceful, and family-friendly environment.
Even before the pandemic, emerging townships have been increasingly popular among young families in recent years. And as upcoming developments continue to provide more luxurious amenities in new neighborhoods only previously available in the city, master-planned communities in nearby provinces are becoming a more and more attractive option for families looking to branch out.
That said, older couples who are also looking into retirement may want to consider investing in a property. The country’s economic outlook is more upbeat, with ADB projecting a 6% growth in GDP next year. This means now is a promising time to make smart and strategic investments—with real estate being the most relatively stable of them all as it assures a resilient investment with potentially lucrative returns.
Whether it’s your first time investing in a property or not, here is a checklist of what to consider before buying a lot.
Your lifestyle and needs are suited to the property
Is living near your workplace of utmost priority to you? While condo living means the central business districts are just a stone’s throw away, there are certain lifestyles that are more suited to high-rise living. Meanwhile, certain households may benefit from a larger footprint by having a more expansive lot size and the freedom to build your desired home — especially when you are raising a family. And those with children in particular may be more interested in raising their children within a wide and spacious development that can provide them with a more holistic lifestyle. A suburban development that is about a short drive away from Manila can allow you to live life in balance, surrounded by an abundance of nature.
You’re willing to wait for your investment to pay off over time
Buying a lot is a smart and worthy investment for families who are starting out, as it affords your children stability, as well as a secure environment to grow in even early on. As a fixed asset, an owned lot gives you one less thing to worry about as you will no longer have to concern yourself with monthly or annual rental rates.
When it comes to value appreciation, lots in upcoming developments pay off with time and patience, as these master-planned developments mature and enter their prime. Once that time comes, your property would have increased in capital gains – making it worth more than your initial investment.
You value your family’s convenience
An essential point to consider is whether the property is in a strategic location. This means it is located in a desirable neighborhood that allows a more relaxed lifestyle, while being close to conveniences.
Sometimes, it depends on your long-term plans. Perhaps you would like to see your children grow up in a vibrant, peaceful, and family-friendly neighborhood where they can live within a thriving community and fulfill their potential. Perhaps you feel that space is what you need to build your family’s future that lets you create wonderful memories with your family.
Although a more quiet suburban existence can sound appealing to residents looking for a change of pace from Manila’s hustle and bustle, staying close to utilities and necessary establishments such as banks, hospitals, and groceries can help you live at ease and continue enjoying the same comforts of the city. Being close to the best schools in the area also ensures your child’s maximum potential.
If you have ticked these things off your checklist, then it’s time to purchase land. Invest in a high-value property by a reputable developer, ensuring the security of your investment, as well as your and your loved ones’ future. A master-planned community of over 60 hectares, Rockwell has let its imagination run limitless with its first premium horizontal development at Rockwell South at Carmelray. An hour’s drive from Manila, Rockwell South at Carmelray brings the signature Rockwell lifestyle to a wide, nature-filled development in Calamba, Laguna. The breathtaking neighborhood provides utmost security and is near some of the best schools in the south as well as premier retail establishments, hospitals, and churches.
Find your home in the south, make a strategic investment, and let your suburban dreams come to life at Rockwell South at Carmelray. Send us a message at email@example.com or visit rockwellsouthatcarmelray.com to learn more.