3 Reasons Buying A House in a CBD is a Worthwhile Investment by MyProperty

Buying a house is one of the most crucial decisions and investments you’ll make in your lifetime. You’ve probably made a list of your new home’s must-haves, such as nearby amenities, fixtures, and planned renovations. But besides aesthetics and functions, you’ll know you’ve made a favorable house investment decision if your potential property will fetch a price that is higher than what you paid for it.

After buying a house, you’re bound to pay for maintenance fees, taxes, insurance, and monthly amortization fees. Plus, if your recent housing investment is a property in a Central Business District (CBD), you can expect that you will pay a hefty price, and the expenses will never stop.

Despite the money you’ll spend on your future home, buying a house in a CBD is still considered a sound and good investment. Here are three reasons why:

Property Demand in CBDs is Robust

CBDs are where you’ll find all sorts of establishments catering to convenience and comfort. Properties within CBDs are in a strategic location as they are within arms’ reach to public transportation, commercial places, essential services, and different startups and multinational companies.

 

Investments hubs are also favorite destinations for dining, partying, shopping, and taking a break from the hectic workweek. Because CBDs generate a lot of foot traffic, many grab the opportunity to invest in a residential property so that residents can be closer to their workplaces. Plus, they’ll also avoid hours of being stuck in traffic jams and waiting in long lines to get onboard jeepneys, buses, public utility vehicles, and trains. 

 

Investing in affordable housing in a CBD is a great way to access a wide array of amenities and conveniences. Additionally, you may also rent out your place to other individuals seeking to be closer to their offices and businesses. And with the demand for CBD properties remaining robust, having tenants rent your place is a huge opportunity. You’ll have a steady flow of income to cover your housing expenses while keeping a home in a bustling zone.

Continuous Progress is Present

The CBD lifestyle prompts continued developments in these areas. CBDs are a hotspot for the live-work-play concept. There, you’ll find not just business districts but also dining places, shopping malls, landscaped parks, and recreational and wellness centers.

 

CBDs also get continuous developments when it comes to thoroughfares and infrastructures. Where economic growth is, you’ll find new business ventures and more people flocking to the area for a better life. 

Your Investment Yields You The Right Returns

Back in 2019, the Philippines was forecast to reach double-digit growth, according to a published article by Philippine News Agency. Property experts also echo this prediction by saying that a double-digit growth rate across assets and classes will happen. It is a positive sign that the country’s real estate industry is stronger than ever.

 

With new businesses, properties, and investors coming to cultivate CBDs, you can expect there will be an expansion in jobs, industries, and other infrastructures that make life more convenient. Employment opportunities await many people living in the CBD. Plus, the value of your property also increases as the CBD experiences further developments.

You might be wondering if you should invest in a house in a CBD right now. Whatever your decision is, your investment purpose should reflect the best financial decision you can make in the current year. Remember, a “good investment” anchors on the goals you plan to achieve. As property experts always say, there is no other best time to invest but now.

If you’re on the lookout for affordable housing to invest in, drop by Lamudi’s Virtual Housing Fair 2021. Join brokers, real estate professionals, developers, and other property buyers in a month-long event from May 3 to 31, 2021. Get the best property deals and learn more about the real estate market. Expect webinars, exclusive property discounts, and exciting raffle prizes from this year’s official sponsors: RLC Residences, Nook, Yorokobi, Pag-IBIG, Happy Helpers, and Messy Bessy.

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