Some material things are bound to decrease in value, like an uncovered, first edition comic book or a car. Fortunately, there are some foolproof ways in which you can determine if the value of the property you’re eyeing for is going to be stable or increase. Here are some of those ways to see if your chosen property is worth it today and in the future.
- Location
The type of neighborhood can determine the value of the house. If it’s located in a posh location, like Forbes Park, then expect the value to increase instantly. It’s also a plus point if the property is near key places in the area such as schools, hospitals, or the barangay hall.
- Easy access to transportation
When a location has smooth and strong roads, it means that it is on the path to prosperity. Good roads mean easier access to important places. It also means it has potential for future businesses and other investments may grow there. And also, who would want to live in an area where transportation is poor anyway?
- Age of the neighborhood
Consider the neighborhood’s age. A location’s age refers to the age demographic of the people who live there, not how long it has been around. If newlyweds or yuppies are the ones staying in that location, it means they will stay longer. The more permanent the people in the area, the more opportunities there are for the neighborhood to grow.
- Go for a cul-de-sac
Properties that are in a cul-de-sac are not only safer, but they also reduce traffic. Because of its benefits, cul-de-sacs are one of the most in demand properties in the Philippines today.
- Commercial structures
There’s a reason why both Taguig and Makati are hot spots for real estate investment in the country. They have the top commercial structures. Who wouldn’t want to live near the best malls in Manila, the most prominent BPO companies or the most exciting entertainment spots? Properties that are near these types of structures have a very high chance of increasing value for years to come.
- Tourist destination
A tourist destination does not only guarantee easy access to great sights – it’s also a great business opportunity. Having a property in hot spots like Tagaytay is very beneficial. You can rent your property whenever you’re away and earn extra money in the process. OFWs and foreigners are also inclined in investing more in tourist spots which means value here will likely increase in the future.
- Market value
Also, take note of the neighborhood’s market value. If properties in the neighborhood are being sold left and right, it means the location you have chosen is a good spot. Be aware of the value of your neighbors’ property as well. If it increases, your property should too.
Style and quality are not the only factors you have to consider if you want to buy a property that increases in value. Assess the location of the property and you’ll surely get ahead. Take a spin around Dot Property to see a few properties that have amazing value.
