Land Banking is Best Investment Options Today
The Azure Urban Resort Residences,CONDOMINIUMS FOR SALE at Rio Towers, Santorini Towers and Saint Tropez Towers,Parañaque,Metro Manila, Philippines.
By: Bonzenti R. Panganiban, CE, REA, REB
Are you weary on how you will invest your extra funds? So, here’s my advise for you.
There are lots of options when we are considering future investments. The immediate thing that will come across to our mind is the simple bank savings. Is this a smart way of doing investment nowadays? Saving your extra funds in a simple bank savings scheme is not anymore a viable idea. It is because of low interest rate per annum with low return. Almost all of the Banks anywhere in the Philippines today has lower rates when it comes to cash savings facilities. It goes down up to a half of a percent per annum. So, this isn’t the smart way of proper investment today. The best investment today is Land Banking.
Why land banking? It is because when you buy properties today, shall we say, you already bought a residential lot in a not so far distance from an urban city at a price of P500,000.00. In a year or three years from the time you bought that property, the appreciation rate would double or triple from your initial investment and an estimated future value of your property considering it became triple at the end of three (3) years or shall we say it becomes P1,500,000.00. This is a simple way of investing, even if you just leave your property idle for a quite number of years. The interest rate would be more than what you expected to earn after 3 years from your initial investment year. But if you choose to invest your money at the Bank at a rate of 0.50% interest rate per annum, expect that the interest of your money after 3 years will not as much as P1,500,000.00 as far as the return on investment (ROI) is concern.
So today, if you work abroad, and your source of income is in terms of dollars, the better way to spend and you’re looking into an investment on what you have been worked for, the best thing to do is in Land Banking and not in other things. By the time you are no longer earning dollars abroad, and you already tender your resignation from your foreign employer, and by the time you are already here in the Philippines, you have no worries to bear, because you have invested your money in a proper way, the Land Banking way. Aside from the property, the other options right now if you want to be near from the Urban Centers, the other options are Condominium Property Investment (CPI).
Try to consider the following as your other options;
As a conclusion, you may seek the professional advise and the feasibility study of your plan to invest, look for a Professional Real Estate Appraiser and Broker. Please contact here[...].