Getting A Condo Near A Shopping Mall Or Retail StoresJanuary 20, 2020
If you are a shopaholic, you would definitely love if you would be able to walk to a shopping mall instead of driving all the way to the shopping mall. Yes, it is dangerous to live very nearby to a shopping mall. However, there are many advantages as well. Most condominiums are usually nearby shopping malls. Landed houses are rarely near to malls. Some condominiums have an attached mall as well. The condos that are conveniently placed near shopping malls are the Verve Suites KL South and Marc Residence. Verve Suites is more strategically located in malls. Though, even though these properties are nearby shopping malls, it may not be for everyone. You have to check them out thoroughly first.
Great developments are growing and continuing to sprout across the metro because there is also an increasing demand for condo living. Starting families, for one, find it more convenient and less time-consuming to move into a condominium unit than wait longer for the construction of a house. Millennial, on the other hand, think condos are the most ideal, especially because of the accessibility to the majority of schools and central business districts. Even old couples consider retiring at a condominium development, as this lessens their worries and consequently grants them more time to appreciate the surroundings. Through having a condo, you’d be able to enjoy a lot of things. The Verve Suites Mont Kiara and Marc Service Residence KLCC will definitely be enjoyable with the vast amount of amenities.
Here’s a funny video about what happens if you live in a mall:
If you’re looking into owning a condo but haven’t fully convinced yourself that it’s worth the investment, below are the top reasons why living in one has its advantages.
Condos in key cities have high resale value.
The property sales value of a condo rises with inflation, the improvements of the building, and the overall appeal of the condo in terms of prestige and location. You can be sure to be rewarded with a competitive market and high condo resale value.
Condominiums can easily be rented out.
With the growing condo rental market in the Philippines, you can also offer to rent out your property at a competitive rate and get favourable returns. Many employees and students these days, especially those who are not originally based in the metropolitan area, prefer to rent a condo than travel long distances from their home to their school or workplace. This a smart financial move for condo owners who are looking to gain profit from their condo unit without having to sell the property itself.
Condo units are easily transferable.
Having a real estate investment, such as a condo, is a practical way to transfer wealth. Because condos in the Philippines are situated in key locations, parents usually find that it is highly convenient and practical for their children to live in a condo near their school or workplace, instead of renting out an apartment that would most likely cost a fortune.
The initial financial demands of owning a condo are much less.
Buying any real estate property would require a certain amount of down payment. If you are a first-time home buyer or a young investor in the early stages of your career, then it is likely for you to get a better deal at a condo. The money you could potentially save after paying a smaller down payment can be used to make the process of owning a property—and eventually living in it—more affordable. Hence, if you plan to buy property verve suites or buy property marc residence, you won’t have a problem. You might not even need to buy a new TV as some condos already have one.
Owning a condo poses minimal utility and maintenance costs.
Valuable property such as a condo can be maintained at a lower cost. Sharing the cost of the building amenities with a number of homeowners can translate to savings that can be used to purchase other things.
A condo unit is an ideal business space.
Today, more and more businesses are housed in condominiums. This is because most condos are located near central business districts, making it a practical and sustainable venue for an office.
Someone else handles the outside work.
One of the biggest draws of condo ownership is freedom from maintenance you might not have the time, desire or ability to tackle — like mowing the lawn or repairing outside structures. Your monthly condo fees cover these services.
Many major costs are shared.
By law, a portion of those condo fees goes into a reserve fund. When the property is well managed, this fund covers major repairs like replacing windows and roofing without additional costs to owners. Even when the reserve fund falls short, you’re not in it alone — a “special assessment” will be done and costs will be shared equally among owners.
If you prefer to live on one floor or in a one- or two-bedroom home, condos allow you to own your own space rather than rent. Common areas like pools and recreation rooms offer opportunities to socialize with neighbours. Many condo developments cater to specific groups — like young professionals, families and older adults.