If a condo or apartment is out of the question, then that means the prospective buyer is looking into things like a house and lot. However, people who buy a house in Makati – or any other city, really – need to make a number of considerations. There are a lot of little details that need to be kept in mind in this sort of investment, after all, and nobody likes getting it wrong. One of these details is whether to buy a Makati house that has already been built, or simply purchase the land and fund the construction of the house to one’s specifications later on.
The options
When it comes to the Philippine real estate market, people will generally have the choice of buying the house and lot or purchasing an empty lot and building the house later. Both of these can have advantages and disadvantages, depending on the financial state of the person looking to buy a house in Makati. Both will offer someone a place to call their own and raise a family, but different situations might warrant that one be approached over the other. A Makati house is going to be an expensive thing either way, especially with how real estate prices keep going up.
The vacant lot
The core advantage of a vacant lot lies in the freedom it grants. It is possible to get just the land for slightly cheaper in some markets, but most people who buy a house in Makati will find that it amounts to about the same. Having just the lot to work with opens up other options that having a pre-built house does not. The owner can literally design a house to his specifications and interests, tailoring it to fit his needs and situation, and without the restriction of having to work around an existing structure.
The house & lot
The other choice is to buy a house in Makati, with the structure. This can provide a great deal of savings, since the structure is already there and the owner does not need to spend for the construction. It is also an attractive option for people who do not particularly mind how the space is allocated, so long as their basic requirements are met and everything works fine. It does mean that anyone who wants to make changes will need to renovate, possibly extensively.
Ultimately, either approach works for someone who wants to buy a house in Makati. Those that are more inclined to personalizing their living space may prefer to purchase a vacant lot, while others are more interested in the savings they can get by avoiding the need to build a physical structure.
