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Within the
classification of residential real estate are the individual
single family residences which are comprised of homes as well as condominiums or
town-homes, and multifamily dwellings or
apartments. Much of the general public would consider the
investment into
Philippine condo rental accommodations as a
less desirable choice over the purchase of a single family
detached home.
Philippine condo rental accommodations have proven to be
almost as profitable in the last five years as compared to
investments in single family detached homes. The rate of
appreciation of condominiums and single family detached homes over
the last five years have been similar in the communities
Time and changing demographics have proven this to no longer hold
true in
Philippine condo rental accommodations. Maintaining
a strong rate of appreciation, the fact that exterior maintenance
of condominiums is typically handled by the homeowners association
adds another factor supporting desirability of this type of
investment. This provides for an easier mode of managing the
investment, making it attractive to busy investors. Whether you're
a first-time buyer or have lived in your condo for years, new
Condo Act has been designed to better protect your investment, and
to improve the day-to-day operation of your Philippine condo rental
accommodations and to allow for new kinds of condominium
developments..
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