If you are interested in a home that is close to facilities, shops, stores, and other amenities, there are areas in Ortigas with condominiums that might suit your taste. Many often consider pre-selling condominiums since they are affordable and lower in price. But aside from that, what are the advantages of buying a pre-sold condo in the city?
Developers tend to pre-sell condos at discounted prices. This is an introductory price that is meant to provide the developers with a ready market for their residential properties. It guarantees them that they will not struggle to market their properties. For that reason, many developers are willing to offer prices and rates that many find affordable.
The median price per square feet for a condominium can be quite expensive.But when you buy a pre-selling condo, you could buy it a lower rate, which could mean big savings for you and your family.
Pre-selling condos are a good financial investment
Since these condos are sold at below-the-market prices, they immediately increase in value once completed. That means you gain a significant amount of equity in a short time. And due to the discount that you get when buying the condo, you can sell it immediately and make a profit. That is what makes this kind of real estate a good investment.
Better condo options
When it comes to pre-sold condominiums, it is first come first served. If you choose a home in a new development, you get your first pick of what’s available. So you may be able to book the condo with the best views or one that is located in an ideal location for your needs.
An added advantage of buying a pre-selling condo is that you can check out the home after every building phase. You will, therefore, be in a better position to determine what is faulty and needs fixing. Also, you can request changes if you don’t like some of what you see. That will enable you to enjoy design fixes that turn the condo into something more suited to your needs. Your condo will, therefore, be more comfortable for your daily residential needs when it is complete.
Flexible payment options
Opting for pre-selling condos is an act of faith on your part. But it benefits most buyers because of the low rates; it benefits the developer because it provides a ready market for the condos on sale. For that reason, you are in a better position to get alternative financing in case the bank declines your request for a loan.
Many developers are willing to consider your unique financial situation. They may offer you a discount on the deposit required for the home. Additionally, they may work with you to create a flexible payment schedule that would enable you to pay at a more comfortable pace.
When pre-selling condos are on offer, do consider them. The discounted purchase prices, flexible payment options, availability of customized features, and the equity you gain at completion, makes these condos in Capitol Commons an excellent investment.
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