Invest in a Quezon City condo!
Quezon City, the largest city in Metro Manila, is one of the Philippines’ top investment destinations. Its main attractions, according to the local government, are available land, a large consumer base and workforce, and the simplified processing of business permits.
The highly urbanized city has a lot of room for real estate development with more space relative to other cities in the capital region. Quezon City is also greener than most with parks and open spaces, making it an ideal choice of residence.
The city also has 3.1 million residents and a young workforce with an average age of 28 years, comprising a large consumer base. Roughly 2.1 million residents are working with disposable income to spend.
With all these attractions, it’s worth considering a condo for rent in Quezon City as an investment opportunity.
DMCI Homes Leasing has many properties for rent in the city with pre-selling and rent-to-own options for you. This article will walk you through the benefits of investing in a condo in Quezon City, particularly in a DMCI Homes property.
Why explore condo investing?
Condo investing can be a reliable source of income. You can buy condo units and resell or lease these out for rental income. You may also get a unit on an installment basis and apply the rent on the mortgage.
Condos and other real estate properties can also be a form of security for your loved ones. You may leave these behind as inheritance.
Here are other compelling reasons why condo investing is worth exploring:
- Real estate prices are not as erratic as other forms of investments
Unlike shares of stocks, the prices of condos don’t fluctuate as often. You may notice price changes on residential real estate quarterly, as published by the Bangko Sentral ng Pilipinas.
A stable price means that you aren’t exposed to too much. If you plan on reselling your condo at a higher price, you don’t have to worry that the price would change even before you find a buyer.
- You can sell condo units to everyone, including foreigners
Real estate ownership in the Philippines is restricted in a way that only Filipinos are allowed to own land. However, under the Philippine Condominium Act, or Republic Act 4726, foreigners may own condominium units if at least sixty percent (60 percent) of the building is owned by Filipinos. Hence, your buyers when you resell your condo are not limited to Filipinos.
- Leasing can be a reliable source of steady income
Earn by renting out your condo unit to short- or long-term tenants. You may furnish the unit, even have it interior designed, so you could ask for a higher rent.
DMCI Homes Leasing Services can help you lease out your condo through marketing and tenant prospecting, documentation, pre-move-in and move-in requirements, account servicing and move out processing. Just wait for your rent income while DHLS does the rest.
- You can prepare for your golden years by investing in a condo
Boost your retirement fund with passive income from your condo. You can either resell your condo at a higher price or rent it out. Any earnings you get can be added to your fund for your future use.
If you choose, your condo could also be your retirement home. Enjoy your golden years in one of the resort-style communities of DMCI Homes.
- Property can be a good inheritance for future generations
If you have kids or are planning to have kids, a condo can benefit them in the future. They may use it for their personal purposes or lease it out for rent income. By leaving behind a valuable asset, you can help secure their lives when you’re already gone.
Quezon City is one of the prime real estate locations in the country. As mentioned earlier, it has massive space for further development, a young workforce who are potential consumers, and easier processes for businesses.
Discover the other advantages of condo investing, through leasing, in Quezon City.
Why invest in a condo in Quezon City?
Quezon City, the most populous in the country, is home to central business districts, universities, and IT hubs. It has good schools, top notch hospitals and an almost endless list of leisure and entertainment establishments.
Despite its rapid development, properties in the city remain affordable and are even priced lower compared to other parts of Metro Manila. This allows families, young professionals and students to choose comfortable and luxurious condo living.
With DMCI Homes, you are offered a selection of condos in resort-style communities and affordable options to own your own unit.
Here top reasons why you should invest in a condo in Quezon City:
- Young professionals can aspire for work-life balance
Driven Millennials and Gen Zs are revolting against the culture of overworking. They want to nurture their career while pursuing their passion. They care about their mental health amid the demands in the workplace.
DMCI Homes condos in Quezon City are strategically located near business districts. With a home location like this, your potential renters won’t have to endure long, stressful commutes to work. Ultimately, they will have more time to spend with their family and other fulfilling activities outside of work.
- Families have numerous options for topnotch schools
In Quezon City, your potential renters can find tons of options for their children’s education. There’s a list of respectable educational institutions including Ateneo de Manila University, Miriam College, and the University of the Philippines-Diliman.
Other colleges and universities located in the city include Polytechnic University of the Philippines, Manuel L. Quezon University, St. Paul University, New Era University, Far Eastern University Diliman, Trinity University of Asia, Siena College, UST Angelicum College, and more.
- There are lot of space for healthy outdoor activities
DMCI Homes condos in Quezon City, like other DMCI communities, feature open spaces for an active lifestyle. Your potential renters can walk and jog around the resort-style community, use the bike lane or the play court, or take a few lapses in the swimming pools.
Outside the condo community, people can visit the La Mesa Eco Park or Ninoy Aquino Parks and Wildlife Center. The UP-Diliman academic oval is also open to the public for outdoor activities.
- The ongoing infrastructure development can soon make commuting more efficient
Metro Rail Transit Line 7 or MRT-7 is a rapid transit line that will run from San Jose del Monte, Bulacan to North Avenue, Quezon City. The line will serve commuters from various points of Quezon City, making it easier to travel around the city and the rest of the capital region.
Condos are situated near transport networks such as transit lines. Potential renters working in the South (Makati, Pasay or Muntinlupa) no need to worry about the distance from their Quezon City condo, thanks to MRT-7 that is projected to operate in 2025.
- Quezon City is the gateway to the northern provinces
Your potential renters will find it convenient to live in a condo where they can easily slip away from the Metro and into their favorite vacation destinations in the north.
Quezon City is the gateway to the north and northeast, providing convenient access to beautiful provinces teeming with amazing tourist hotspots such as Nueva Vizcaya, Quirino, Aurora, Isabela, Cagayan, Baguio City, La Union, and the Ilocandia.
Choosing the location of your condo is just one of many tasks you need to do before finally buying a unit. You need to study your options well and assess the investment potential of your condo.
Tips on assessing the investment potential of a condo
Whether you’re investing in Quezon City or any other location in the country, it’s important to assess condo investing well before making a decision. Determine whether it’s the right investment for you given your risk profile, budget and goals.
Here are a few things to ponder:
Choose a condo convenient to your target renters. A community near transport networks, schools, hospitals and business districts are perfect for young professionals and families. DMCI Homes has premier condos in key cities like Quezon City, Mandaluyong, and Pasig.
If you’re planning on renting out to vacationers on a transient basis, you may choose urbanized locations with tourist destinations. DMCI Homes have developments in Baguio City and Boracay for this purpose.
- Property condition and amenities
Condo living is increasingly popular for its many comforts. Check whether the condo you’re buying has lifestyle amenities that will attract your renters. The amenities of a condo can impact its investment potential, such as a pool, fitness center, or parking garage as these can increase the resale price or the rental rate.
DMCI Homes properties feature lifestyle amenities such as indoor gyms, function halls, play courts, biking lanes, and swimming pools.
- HOA fees and restrictions
Restrictively high homeowners association fees and rules can impact the investment potential of a condo. This can discourage potential buyers or renters. Some condos prohibit pets in common areas and even inside units.
You may browse DMCI Homeowners’ Manual for the house rules, parking rules, use of facilities and amenities, and others.
- Real estate rental market
Do your own research on the rental market, particularly on the vacancy rates and rental rates. This can help you understand the demographics of your potential renters and forecast your income.
- Resale potential
If you plan on reselling your condo, assess your target buyers, the cost of reselling including transfer taxes, and the market price of condos in your city. DMCI Homes has properties in key cities in the Philippines that can attract potential buyers.
Make sure you make an informed decision with your investment. Research, inquire and ask for guidance, as necessary.
Condo investing is a recommended source of income whether through property reselling or leasing. If you’re interested in earning through a condo, Quezon City is a place worth exploring. Remember these tips as you make an informed investment decision:
- Choose a location with high investment potential such as the highly urbanized Quezon City. This key city has ongoing developments, potential buyers and renters, and the conveniences of city living.
- Research on the potentials and risks of your chosen condo investment. You may consult available information from government agencies, real estate developers and research groups.
- Go for a reputable real estate developer. DMCI Homes is one of the top developers in the Philippines with an outstanding record of high-quality residential projects.
Are you ready to invest in a Quezon City condo? Reach out to us and we’ll be happy to recommend property options. You may log on to www.dmcihomes.com or call (632) 5324-8888. You may also check out news and other updates posted on the company’s official website and its social media accounts on Facebook, Twitter, Instagram, and YouTube.