Whether you are thinking of purchasing a new home, or looking for an investment to grow your money, buying a residential condominium is a great option. For families and individual dwellers, condos offer security, amenities and convenient living. While for investors, condos offer investment with potential for high-value appreciation and provide self-sustaining investment through short-term and long-term unit rental.
But choosing a condominium is not easy given the number of options out there, and the factors that need to be considered before owning one. Here’s a handy checklist that sums up the key considerations to help you choose the right condominium development for you.
Location
If you plan to purchase a condominium unit for end-use, its accessibility to important developments such as schools, hospitals, commercial establishments, and transportation hubs is the key to ensuring that your daily needs are easily provided.
Purchasing a condominium that’s well-situated in a prime location, especially in CBDs or township developments, will not only provide you convenience but also has a high-value property appreciation. It also makes your condominium highly attractive for potential renters if you’re purchasing it for investment. For instance, MidPark Towers is a luxury residential development located inside Aseana City in Parañaque, which is considered as one of the fastest-growing CBDs and the next-generation cities in the metro. The development is connected to public infrastructures such as NAIA Expressway (NAIAx), LRT Line 1 Extension, and the Paranaque Integrated Terminal Exchange (PITx) making it a transit-oriented development. It is also within walking distance to large-scale mixed-use developments such as Ayala Malls Manila Bay, City of Dreams Manila, Solaire Resort and Casino, and the Mall of Asia Complex.
Safety, security
Residential developments inside a master-planned community usually provide ample security features for their residents and guests. Aseana City, where MidPark is strategically located, has 24/7 on-ground security personnel and is equipped with an Integrated Operations Center (IOC) designed to help manage complex city environments, incidents, and emergencies with a city solution that delivers operational insights. It offers integrated data visualization, near real-time collaboration, and deep analytics to help the estate management enhance the ongoing efficiency of its district operations; plan for growth; and coordinate and manage response efforts.
Space
A spacious and livable space is an important factor to consider when purchasing a condo. With hybrid work set-up becoming the new normal, having ample space inside your condo would allow you to create your own work-from-home station where you can do your tasks separately, without sacrificing space for your family to enjoy and spend time with. MidPark Towers offers spacious residential units ranging from Studio units at 40 sqm., to one-bedroom units at 52 sqm., which are perfect choices for investors and even for starting nesters or individual dwellers. Next are two bedrooms at 80 sqm, and three-bedroom units at 120 sqm., which are ideal for growing families.
Amenities
Purchasing a condo unit is only the first step, but the end goal is to enjoy living in it and m ake the most of what you paid for. One of the main advantages of owning a condo over a house is the availability of its amenities that you can conveniently use and enjoy. Real estate developers sometimes go the extra mile with their condominium projects offering more than the usual amenities, examples of these are business and private lounges, and kid’s playroom (Shown here), all offered in MidPark Towers. These amenities are perfect if you need a change of scenery and a quiet place to do your work-from-home tasks or finish some readings while allowing your kids to play and do fun activities in a safe space.
