A home is a huge purchase, which is why most professionals put off investing in one until they’ve managed to climb a notch or five higher in the corporate ladder. What most people fail to realize is that it’s possible to get your own place even though you’re just starting out in the professional world.
It’s not uncommon to hear about people having their own homes in their early 20s or some years after their college graduation without the help of their folks. If it’s possible for them, then it’s worth making it a reality for you, too.
In particular, a condominium in key cities, such as Manila or Quezon City is a good first home investment. It will help you be closer to your workplace, and more importantly, it will support you in embracing #adulting. That said, while saving up for the big purchase, here are other things you can do to get your own condo early in your career:
In general, studio-type condo units are more budget-friendly. Besides, you won’t need a big space just yet, especially since you’ll be living alone. In the future, when you decide to start your own family and find your forever home, this condo can be a rental space, a source of passive income.
Consider buying condos from trusted developer Suntrust Properties. In Suntrust Amadea, a high-rise modern-contemporary condominium in Quezon City, studio-type units have 24 square meters of floor area, enough space for a single professional. Expect all the essential spaces to be there, with ceramic tiles all throughout and custom-built counters in the kitchen. The unit starts at P2.8 million.
Another condominium in Quezon City worth considering is Suntrust Asmara. In the long run, you save more when you move here precisely because of its strategic location. Being near commercial establishments, this building is only a 20-minute drive from the business district of Araneta City and Triangle Park in Quezon City. You save more on transportation expenses going to your workplace or essential establishments.
Consider Pre-Selling Units
These types of units are more affordable than ready-for-occupancy (RFO). Usually, the prices are 30 to 50 percent lower than the finished project. Plus, most developers are lenient to give five to 10 percent more discounts to buyers. You can also take advantage of the flexible payment schemes. Sure, you won’t be able to move in right away, but what you do get is the choice to select a unit that has far better views, less foot traffic, and more convenient access to condo facilities.
One good pre-selling condo building you should check out is Suntrust Kirana in Pasig. The soon-to-rise three-tower condo features modern Asian architecture, which suits the taste of busy urban dwellers today as it gives off a refreshing, relaxing atmosphere.
Explore Fringe Locations
In real estate, location is everything. When you’re investing early in your career, it can dictate how much you’ll have to shell out in terms of budget. It’s no secret that properties within the CBDs are very expensive, and there’s also the high cost of living. That’s why a lot of young professionals go for locations outside but near these key areas. Aside from being affordable, these are the next hot neighborhoods as infrastructure developments move away from the center of major cities.
In this case, it’s worth looking at Suntrust Shanata, a condominium in the northern portion of Quezon City, in Novaliches. Although it’s not within the business district, Araneta City and Triangle Park are easily accessible from the residence. In fact, you can reach them within half an hour. Its studio unit is slightly bigger than the average, as it features 27 sqm of floor area, including a balcony.
Yes, now is the perfect time to buy condos because there are lots of promos in the market. Responding to the financial needs brought by the pandemic, developers have been offering discounts and stretching downpayment terms to help property seekers.
Check out Suntrust Solana, a high-rise condominium in Ermita, Manila, another pre-selling condominium building. A few months back, the development offered a Reserve Now, Pay Later program. If you get a Solana unit, you can experience convenience being in a promising address, as well as a unique recreation experience with the amenities the condo village offers.
Yes, it’s possible to own a condo even though you’re just starting out in your career. In fact, the earlier you invest, the better. Consider Suntrust Properties in your options.