1. Location: Work
The biggest headache of working people today is traffic. People dream of a time when we do not have to wake up very early to avoid traffic and arrive in the office relatively fresh and ready for work. The perennial traffic made this impossible. Every morning, thousands rush to Makati to go to work or transact business. Makati is the financial center of the Philippines. As such, we need agility of mind, proper attire and ready physically. These will be yours if you have a condo at the center of Makati.
2. Location: School
For those with children of school age, finding the right school near your condo is of primary concern. In the Philippines, the 'right' school means private schools and preferably run by catholic priests and nuns. In Makati, there is a proliferation of private schools and several well known colleges and universities; including the International School; where celebrities, diplomats, politicians and financial moguls send their children. For pre-schoolers, there are condominiums that offers day care facilities for their tenants. It would be a plus factor if the day care facility also offers Kindergarten and Preparatory levels of schooling.
3. Location: Church
If you are a member of a religion, you would require a condo to be near your place of worship. This is of utmost importance if your day of worship falls on a regular day. Makati boasts of places of worship for most religions. Almost all are within a kilometer radius from the center of Makati.
4. Avoid maintenance headaches.
Just like owning a car, owning a house or a condominium means a never ending rounds of maintenance and repair. However, condos have tenants association or management company that handles it all. It means you enjoy condo living without the worry.
Unlike detached houses, security in condo buildings are similar to hotels. Security guards are present 24 hours 7 days a week. Visitors are screened at the lobby and loitering in the hallways are usually frowned upon. In some condos, closed circuit TV cameras are employed to help ensure safety of tenants. There are even elevators that can only be activated by the tenants key-cards.
6. Available Playground and Day Care
Parents usually finds it extremely difficult to look for playgrounds for their kids. For those working couples there is the added problem of finding a day care center where they can leave their children while at work. Most condos today offer day care centers and indoor and outdoor playgrounds for kids of tenants. This is one of the attractions of condo living.
7. Free Gym and Swimming pools
Today’s' yuppies are extremely health conscious. Going to the gym is a necessity. However, with the better gyms come high fees. Condo living therefore is very attractive where a fully equipped gym is always part of condo amenities. There are some condos who even offers massage and sauna facilities.
8. Affordable Function Room
Children's birthday parties are expensive. Nowadays, you hold it in fast food outlets with function rooms. For tenants of condominiums, multifunction rooms are available for occasions like birthday parties, Christmas gatherings, meetings and even weddings. Usually, rental of condo function rooms are affordable; and they don’t even have to leave the vicinity of the condo.
9. An Investment
Buying a condo unit while under construction is a wise investment. It yields a higher return on investment than those offered in banks and money market. Usually, at the start of construction, prices are very low. As the condo starts to take shape, prices are incrementally increased. Construction takes 3 to 4 years to finished. And when they do, prices are its peak.
10. Rental Income
When you are not using your condo unit, you can allow it to be rented. The condo's brokers are responsible for renting it out for you. Part of the beauty of condo unit ownership is that you never have to bother finding tenants or dealing with them. Today, there are investors that own strings of condo units for rent as a business.
11. Enjoy Luxury Accommodations
Condos by expectations are normally first-class and extremely luxurious. Some condos even house five star restaurants and other establishments that caters to the discriminating taste of the tenants. They are developed by the best, most respected names in the real estate business.
12. Free Vacation
Condos are designed with the intent of giving tenants an atmosphere of fun and enjoyment. Amenities usually includes swimming pools, playgrounds, gyms, cabanas and other facilities comparable with some vacation resorts. Living in a condo unit is just like living in a resort where you can enjoy a free vacation.
13. For US Citizens: A Surprise Bonus
Most US citizens are not aware that retirement savings can be used to purchase real estate; inside and outside the US. IRA's, Roth's, 401K's can be invested to acquire your luxurious condo unit.
14. For Overseas Filipinos: An Easy Necessity
Filipinos working overseas usually saves money in the bank at a low interest rate. Not anymore, buying a pre-selling condo gives the owner/investor the advantage of higher interest rate and the opportunity to enjoy condo living in Makati. Prices of condos in the Philippines are ridiculously low compared to those abroad. For some Overseas Filipino Workers whose salary is in US dollars, just the overtime pay is enough to cover the monthly amortization of a new condo unit.
15. For Retirees: A Warm Haven
Temperate climate is harsh for the elderly. The bitter cold of winter is a punishment that they do not deserve. For some it is a life of constant pain and physical discomfort.
Condo living in Makati means living in a tropical land with facilities for the elderly like elevators, escalators and wheel chair ramps. First class hospitals are just around the corner; and if needed, a private nurse can be available anytime.
The warmth of the sun is always available 24/7.
The best argument for condo living in Makati is still the Filipino people: warm, ever smiling and courteous.
Truly, condo living in the Philippines sounds like paradise.