There are a lot of factors that need to be considered once you’ve decided to invest in a real estate development. It requires enough knowledge and good decision-making in order to achieve your target goal in the future. It is important to make sure that the real estate developer that you are going to choose is credible enough to provide your needs or your desired plan for your future investments. If you are planning to have your own dream house in the future, you need to find the right real estate developer for yourself. Here in our country, we have countless developers to choose from, but how can you find the right real estate developer for you? It is not enough to make decisions based on the advertisements that you see the most of the suggestions of other people.
There are a lot of factors that need to be considered to achieve your desired goal in the future whether it is your dream house or a condominium. Below are the guides that need to consider in finding the right real estate developer for you:
1. Look for Visionary Developers
A visionary developer is something that needs to be considered in order to find the right property developer for you. You need to make sure that they have the ability to elevate their projects for their investors. One example of that is when a developer knows how to upscale their projects or residential developments by providing recreational facilities such as fitness centers, swimming pools, and other facilities which aim to meet the needs of their investors.
Another thing to consider when looking for the right developer is to make sure that their property is within close proximity of places of interest such as schools, hospitals, and commercial establishments.
To give you a more specific example let me introduce you to one of the reputable real estate developer in the country, BRIA Homes. In terms of upscaling and providing a high-quality property that meets the needs and expectations of its investors, BRIA Homes always considers those factors in order to make sure that your investments are worth it and exceed your expectations. The real estate property that they are offering are all equipped with recreational facilities such as basketball courts, playgrounds, health centers, and more facilities that will cater to your needs. BRIA Homes also consider the best location for their property. The properties that they are offering for their investors are not just close to the places of interest but also near major roads and highways which is more convenient for their investors. They also consider the safety and security of their investors. All of their communities have a fully fenced perimeter and a 24/7 guarded entrance and exit. These things are the perfect example for visionary developers. They always think ahead and consider a lot of factors in order to provide quality property for their investors. BRIA Homes are one of those leading developers that you need to consider when you plan or find the right real estate developer for you.
2. Enough Funding
When choosing a real estate developer here in the Philippines it is also important to check the company’s financial health – if the developer or the company is financially capable of funding the project. If the real estate developer has a record of consistently lacking funding, there’s a higher chance that your expectations might not be met. These developers might also use substandard materials and amenities in their projects due to a lack of funding. This is also one of the reasons why it is safe to invest in an already established company compared to the new developers. Just like the prominent real estate developers in our country such as BRIA Homes, you can guarantee that their projects will meet all your needs and exceed your expectations for your dream home.
3. Developer’s record and previous projects
In order to find a reputed real estate developer, you must check their track record first. This can be done through visiting their website, published articles about their previous projects, and interviews or opinions with people who live there or avail their property. There are also reviews from their website which can help you to identify if the developer performs well on their previous projects. You need to utilize these sources of information before you make a decision and also to make it easier for you to find the right real estate developer for you.
In BRIA Homes if you try to visit their page or other articles related to them, you can easily see all their successful projects. This is one of the factors that indicate that the developer is performing well on their previous projects. The website of BRIA Homes is easy to navigate and all the properties and other offerings are also present on their website. There are also a lot of articles about BRIA Homes on the internet and social media platforms which makes it easier for you to assess whether they are providing a quality service to their investors.
Before you choose your real estate developer you also need to consider the price. Is it the right value for their product? Are they willing to negotiate on their price? You need to ensure this factor before you settle in your real estate developer. If your financial capability is not that high or you are looking for affordable properties, it is important to consider the price being offered by these developers. One of the best examples of this is BRIA Homes. BRIA Homes are one of the trusted real estate developer who offer the most affordable house and lot and other property in the Philippines. They are well known for offering affordable houses and lots wherein for only 1,897 pesos per month you can already have your own dream house. When you are looking for a real estate developer and have a small budget or are still saving up money, these developers such as BRIA Homes are the most suitable developers for you.
4. The Ultimate Guide in Real Estate Investment in the Philippines
In the Philippines, more Filipinos are now engaged in investing in the real estate industry. This is because more lands are being developed and at the same time a very good source of income. Before we start, let us understand the concept of real estate investments. Real estate investment is the process of owning a property such as a house or land for the purpose of generating income. There are three types of real estate here in the Philippines where you can earn money. First is the residential properties which include house and lot, condominiums, and other buildings or structures where people stay or live. Second is the Commercial properties such as retail stores, shopping centers, and other structures that are leased out to the business owners or companies. Last is the industrial properties like warehouses or manufacturing plants. Real estate investments are not just buying and selling property or structure, it also involves risk and strategies that need to be considered in order for you to generate your income. Below are the guides for investing in real estate in the Philippines:
5. Make sure that you are financially ready
Real estate investment involves a huge amount of money and if you’re not prepared or have enough budget you might have a hard time looking for land or a house and lot in the country. It is really hard to find a property or land that is below 1 million pesos here in the Philippines that’s why you really need to have enough funds before you can even start. If you still don’t have enough budget but you really wanted to start owning a property or real estate business, you can also look for established companies who offer properties or lands at a very affordable price. BRIA Homes are one of the best examples of this type of company as they offer a very affordable house and lot for their investors. You can purchase a property from them for only 1,897 pesos per month only and the packages that they offer are ranging from 460,000 to 1.5 million pesos. This is a good opportunity for you if you really want to invest in real estate.
6. Look for the most suitable real estate developer
There are a lot of real estate developers here in the country and it is also important to find the right real estate developer for you. In order to generate a profit for your real estate business, you need to make sure that the property that you are going to offer is in a good condition. You need to look for a credible real estate developer when you are going to purchase a property. It is because you need to guarantee that the property is good for selling or lease and make sure that the property is worth the money that you invest.
7. Conduct research and study the housing market in the Philippines
It is an important factor to study how the real estate market is working here in the Philippines. The best option is first to conduct research on the possible market or buyers who can afford the property or land that you’re going to offer. It is also important to ask the landlords in nearby properties about the real estate market condition in the area. In this way, you can understand the market more and at the same time, you can adjust the pricing of your property and formulate a better strategy to sell it.
Types of Real estate Investments
Buying and Selling
This type of investment is technically buying completed projects then selling it at a higher price. If you have enough money and are a financially capable person then this type of investment is good for you. You can purchase a depreciated property then fix and make some renovations to it and then sell it at a higher price in the market. It is also known as house flipping. It requires a lot of effort and it is not just about purchasing a property because you also need to consider the location and if the property is promising and profitable after you renovate it. The factors that you need to consider when you look for a property are the surroundings, future developments in the area, and lastly, is the location.
In BRIA Homes, the completed and ongoing projects that they offer to their investors are all in perfect locations. All the properties that they offer nationwide are within close proximity of places of interest such as commercial establishments, schools, and hospitals. It was also near major roads and highways which makes it more convenient for their investors. If you are planning to purchase a house and don’t want the hassle of fixing or renovating it, choosing BRIA Homes is one of the best options for you.
This type of investment is basically earning money from leasing your property. It is a good source of passive income but keep in mind that as a landlord, you are in charge of the maintenance and repair costs. It is also important to calculate your return on investments based on your monthly amortization and the price or how much you’ll rent out the property. In this way, you can assess if the property will be profitable or not. This type of investment can be financially rewarding and can provide numerous tax benefits as well as the ability to deduct insurance and maintenance costs.
Real Estate Investment Trusts
In real estate investment trusts (REIT), it allows you to invest in real estate without owning or managing physical property. Real estate investment trusts are similar to the regular buying and selling of stocks but the only difference here is that you are investing in publicly listed companies that operate commercial real estate. When you are planning to seek opportunities in REIT investments, it is better to choose the most reputable real estate companies with great properties and tenants. It is also important to consider the REIT with a high income, and high-quality portfolio to minimize the risks in your investments.
Written by Aaron Cruz