Choosing the best location for your next real estate property

News
 - 
21 June 2021
a105b277261f2c82ca0c453c7634e53c4454149c.jpeg

 

One of the most vital factors one should consider when looking for a real estate investment is location. Aside from your budget and preferences, the property’s site should be at the forefront of your list.

 

The community, neighborhood, and location, in general, affect several factors of your property investment, like the feasibility of value appreciation and income return potential, among other things.

 

Scouting for a property with the right location is a handful, and you might need a hand in your decision-making process, so we listed some key points you consider when choosing one for your next real estate investment:

 

Proximity and Mobility

A location that is accessible to places that you want with the mode of transportation of your choice is vital! For example, car owners would prioritize a home located near main roads, while those who commute choose homes with readily available public transportation.

 

Community

In the long run, your community will affect your daily life. Choose a home in a neighborhood that will help you reach your goals and make coming home a better experience.

 

Cost of living

The cost of living varies by location. For example, groceries may be more expensive in densely populated communities, while communities near nature may offer a wider selection of goods.

 

Parking

When buying a home, car owners look for a secure parking space for their vehicles. Aspiring homeowners or investors like you should secure one before they settle down.

 

Security

Properties that are well-guarded with 24/7 surveillance cameras should be considered and prioritized. Not only is safety a prime concern, but it also has an implication on your property’s value in case you want to sell your property at a higher market value after a few years.

 

Development

It’s not just about the present amenities and facilities, but the development’s long-term plan and roadmap. A development with plans for new schools, hospitals, public transit, and other civic infrastructure is a great deal you should look into. 

 

When choosing a property, one thing to keep in mind is its size, architecture, plan, and business or investment opportunities around the area.

 

Unemployment rate and job growth

An indicator of the local real estate market’s poor performance is a high unemployment rate. If you have time to spare, do your research on the area and identify the risks and opportunities that come with the location.

 

Market conditions and affordability

Most of the time, property seekers look at the development’s price point and whether it matches the market potential of its location. The reason behind this is to make sure they’re getting the most out of their money.

 

 

Finding the perfect location is key to securing your investment’s growth and income potential. We hope this list makes it easier for you to choose your next real estate property’s location.

 

Meanwhile, strategically situated along the periphery of Pasig and Cainta, Rizal is the 22-hectare township development, set to revolutionize urban living with its unique elevated design and features. Empire East Highland City is a 37-tower development with four grand phases to accommodate all your lifestyle needs, including the 8,000-sqm. Highland Park, the Highland Mall and a 500-seater church, the Highland Residences with 37 towers on stilts, and the membership-only Chartered Club with an array of relaxing and high-class amenities.

 

If you’re interested to know more about this condo for sale in Pasig-Cainta, you may schedule a tour with one of our accredited sales representatives using our newly launched 3D walkthrough.

 

You may send an email to inquiry@empire-east.com or call (02)8810-3333 to get started.

 

Follow @empireeast on social media for more updates!

 

Back To News