The importance of location cannot be overstated when buying a condo. A property’s location can directly impact your lifestyle, career growth, and overall well-being. In addition, a strategically located condo influences its resale value.Besides a prime location, several other factors and indicators can help ensure the condo you purchase will be an excellent addition to your investment portfolio.
Find the best real estate opportunities this 2023 in this blog, which discusses 10 factors regarding condo investments.
What Makes a Good Condo Investment Property in 2023?
Real estate trends change over time, and what is a good investment today may not be a wise investment later. However, you can make an informed decision about which property to purchase by looking into the top characteristics of a good condo investment in 2023.
1. Prime location
Location is still the most crucial factor when buying an investment property. A property in the right location is accessible, safe, and convenient. It can quickly go up in value, thanks to the area’s excellent neighborhood.
A condo for sale in Cebu is a good investment in a prime location in the Philippines. You’ll easily access popular tourist destinations for locals and foreigners and beautiful provinces and cities, including Bohol and Leyte.
Plus, Cebu City’s local government has many projects in the pipeline to achieve the mayor’s vision of becoming like Singapore by 2023.
2. Growth potential
Real estate value changes over time. As such, buyers with a long-term outlook typically consider an area’s growth potential when purchasing a property.
Mandani Bay luxury condos’ proximity to the Mactan-Cebu International Airport and Cebu City can stimulate property interest and growth among leisure and business travelers.
In addition, foreign investments in Central Visayas’s real estate industry are on a continuous rise, reaching close to P5 billion in the first half of 2022 alone. To put things in perspective, the region received roughly P5.4 billion in foreign investments in 2021.
Read: Condo Investing in 2023: 8 Predictions and Things You Should Know
3. Pristine property condition
A home’s value can decline, especially if it requires repairs. For example, buying a fixer-upper can result in a slew of extra costs for cosmetic and functional issues, such as an outdated kitchen or a not-so-modern floor plan.
Mandani Bay luxury condos are beautiful modern living spaces created by top-tier builders and designers. They use the best practices in sustainable design, so you do not need to worry about repairs or additional costs.
4. Reliable property developer
It’s trickier to find a prime property investment from an unreliable developer. Therefore, choosing reputable real estate developers who uphold high-quality standards with an impressive track record should be your priority.
In the case of Mandani Bay, you can be rest assured as this is the flagship project of powerhouse developer HTLand, Inc., the joint venture company of Taft Properties and Hongkong Land. Both developers are responsible for building some of the top real estate developments in the Philippines and Southeast Asia.
5. Top-of-the-line amenities
A condo’s amenities set them apart from other types of housing. For one, common areas encourage residents to socialize and get to know one another. Meanwhile, Mandani Bay also offers a variety of lifestyle spaces for dining, shopping, and entertainment.
Read: 10 Luxury Condo Amenities to Look for When Investing in a New Condo
Condos with better amenities may command higher rents because they appeal more to potential tenants. As such, you can obtain a higher return on your investment.
6. Enhanced security
Besides checking how safe a city is, you must also consider the security measures in your target condo property. Are there CCTV cameras at the building’s entry and exit points? What about the elevators? How often do security personnel inspect the property? Do the communication and emergency systems work 24/7?
Mandani Bay’s luxury condos provide safety with CCTV, fire extinguishers, smoke alarms, and easily accessible emergency exits. The upkeep of safety and security equipment also reflects the management’s commitment to protecting its residents.
In addition, Mandani Bay and the local government support the establishment of a police outpost nearby to increase police visibility and ensure security for the entire Mandani Bay community.
7. Energy-efficient features
An energy-efficient building incurs lower energy, water, and maintenance costs. It also has excellent ventilation to help improve the quality of air for condo dwellers and visitors.
Mandani Bay Suites is proud to have a 5-STAR Building for Ecologically Responsive Design (BERDE) rating from the Philippine Green Building Council (PHILGBC).
Its energy-saving features, such as natural ventilation, LED lighting fixtures, motion sensors, inverter, VRF technology, and energy-efficient elevators and escalators, earned it the highest and first BERDE rating in the Visayas-Mindanao (VisMin) region.
8. Open spaces
The COVID-19 pandemic has transformed people’s housing preferences. Nowadays, homeowners target condo units that promote healthy living.
Green spaces and nature-friendly facilities are non-negotiables in today’s real estate market, and you can find them all in Mandani Bay Suites.
9. Efficient unit layout
The pandemic also resulted in high demand for multi-purpose spaces and high-speed internet connectivity. A condo unit that accommodates a home office setup can increase the value of your property. Thankfully, Mandani Bay ensures work productivity by providing 100% power backup to all residential units, common areas, and facilities.
10. Breathtaking views
Homes with modern aesthetics yet exude homey vibes are perfect for today’s generation of property investors, making the view from a condo unit an essential factor in shopping for property investment.
Meanwhile, the Green Promenade, a 300-meter-long green park in the heart of Mandani Bay, helps promote active living by seamlessly integrating nature into your daily life.
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Begin Your Condo Investment
An investment property lets you profit through rental income, resale, or both. However, it can be challenging to see your property’s value appreciate without the right features and elements. As such, you must choose your investment wisely to reap significant returns.
If you are searching for a condo property investment for 2023, Mandani Bay offers luxurious condo living and an exceptional lifestyle.