The Rise of Townhouse Development

31/08/2022, by Maria Patricia Joanna Cosme, in For Sale | House and Lot Properties for Sale | Investment | Properties For Sale in Metro Manila | Real Estate | Real Estate Development | Townhouse Development | Video | Vlog, 0 comments

“To buy a house & lot, or a condo?”

This is the usual question of home buyers.

 

Let’s explore the advantages and disadvantages of both.

A. HOUSE AND LOT

Higher purchase area for a premier location, but there is room for expansion of livable area depending on how many floors you construct. Unlike condominium buildings, you won’t have to worry about a developer having the right to demolish your home after 50 years. You may actually fully maximize the property while living there in order to generate fast ROI (Return of Investment). How, you may ask?

Scenario:

1st floor – can be your own commercial store, or can be rented out

2nd floor – can be rooms for tenants

3rd floor – your own private residence

Open area for a garage or possible street parking

With a house & lot, you not only have a home, but also a possible business venture that may result to high passive income.

 

B. CONDOMINIUM

Lower purchase cost for a premier location, though limited in terms of livable area. You may be able to buy an adjacent unit, but you may not be able to tear down the walls for expansion as it may weaken the structural integrity of the building. And should you choose to renovate a single room, you will have to process numerous permits to adhere to the admin building’s rules. You may use the property or also rent it out. Should you require parking, you must purchase a parking slot that amounts equally to purchasing a new car.

These are some of the reasons why people continue to invest in a house & lot. It’s a smarter investment.

With Jeco Construction, investing in your future is made easier. They have partnered with banks, so you may avail of an 80% loan for the townhouse you choose to live in and generate income from.

 

Contact our personnel at +63 966-532-2189 / +63 998-310-0102 and start seeing a brighter future, with the right investment, now!!