When it comes to looking for the ideal home, what comes to your mind first? If you’re currently in the quest for one, chances are you already have a list of the things you need to consider before sealing the deal. But what’s the ultimate deal-breaker for you? Does the quality matter more than the price?
We’ll let you decide. At the end of this article, we hope we’ll be able to help you make smarter decisions throughout your home buying process.
WHAT AFFECTS THE PRICE OF A CONDO UNIT?
One of the top factors property seekers consider is the price of the unit. A unit, let alone a property, is a massive purchase, so it’s just right that you consider where your hard-earned money will go. But what are the deciding factors developers look into when putting a tag on their condo developments? Here are some aspects that affect the price of a unit:
1. The Size
Condo units come in different sizes and layouts. Top homebuilder and property developer Empire East, for example, offers units ranging from executive studio, 1-to-2-Bedroom Suites, and Penthouse units with balconies. As the units get more extensive and as the square footage of the unit increases, the price also climbs.
In the Philippines, the average size of a condo unit is 50 sqm. and most often than not, the more bedrooms and bathrooms a unit has, the higher the price it gets. But you also have to note that it still depends on whether the unit is located in a low-rise, mid-rise, or high-rise development.
2. The Location
Investors, in particular, pay for the location of the property more than anything else. Therefore, the more civilized and profitable the city is, the faster the unit’s value appreciates. Moreover, units located in central business districts (CBDs) are also more expensive than those found in the outskirts of Metro Manila.
3. Amenities and Facilities
Developers who build high-end and luxury condos usually invest in the development’s amenities and facilities as these are at the top of every homeowner’s priorities. Swimming pools, fitness gym, yoga station, cafe and lounge, and gardens are among the many amenities that luxury condos in Metro Manila offer nowadays.
4. Floor Location
The unit’s location also influences the price. The better the views you get from your windows, the higher the price usually gets. Same goes for the level: the higher the floor level, the more expensive the unit becomes.
5. The Quality
Now, down to one of the essential bits-- the quality of the unit. If you’re planning to buy a brand new one that’s just been turned over, chances are it’s on a pricier scale compared to foreclosure properties or those who already belonged to a previous owner and are now up for grabs.
All the factors mentioned above constitute the price of a condo unit. But what happens when you’re on a tight budget but you want to experience the same comfort and luxury that high-end condos give their dwellers?
Do you have to compromise the quality of a unit when you’re on a budget?
Simply put, the answer is NO. There are a lot of amazing deals and discounts offered by some developers, allowing aspiring homeowners to reserve a unit in a high-rise community at a more affordable price.
This is what the country’s leading real estate developer and homebuilder Empire East envisions: it offers luxury condos that are not as expensive as other high-end developments in Metro Manila.
EMPIRE EAST HIGHLAND CITY: A luxury condo in Metro Manila that will not break the bank
Empire East has developments in different parts of Metro Manila. Empire East Highland City-- the company’s largest project in the making, and the company’s newest project in the east, is a luxury township development envisioned as the country’s first elevated city. This condo for sale in Pasig-Cainta has sparked the interest of investors and aspiring homeowners because of its unique design and promising features, including its four (4) grand phases that shall cater to its future dwellers’ lifestyle needs.
To conclude, you don’t need to compromise the quality of your unit for its price. You just need to find the best deals, find more options, do your research, and narrow down your choices and find what best suits your needs.
Talk to an accredited real estate professional and discover your home options today!
Find the perfect home for you without sacrificing the quality for the price. Send us a message or shoot an email to inquiry@empire-east.com to get started.
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