Choosing a Makati apartment over other kinds of living arrangements has become more popular ever among young professionals, retiring expats, and new families. The reason for this clamor to move into a Makati apartment is that property income was in decline throughout 2009. At the same, the rental property sector went up, which suggests that a lot of people are more inclined to rent than buy.
Prohibitive price for a condo
A Makati condo is an alternative but many are shying away from making a purchase of this kind of property. The reason is that a 30 square meter condo unit will cost you $62,000 on average when purchased, but rental rates for apartments are the same as those for apartments. Buying a Makati house is even more costly when you consider that it will cost you anywhere between $60,000 to more than $2 million in any of the top-tier villages.
Finding an Apartment is Easy
On the other hand, it is very easy to find a Makati apartment for rent. Makati offers many options, but almost all are infinitely cheaper than either a condo or house. Young employees should certainly benefit from the great quantity of Makati apartments. Rental rates for these units go from $500 to roughly $2,000. There is a cost-saving benefit to this, since these units are most likely nearer to companies that rent office space in Makati. Cutting down on travel time for young workers is important as well, especially if they have their families living with them.
Need for Mobility
There is another reason why owning a Makati house is not as appealing as either renting an apartment or condo in Makati. The reason is that most jobs require some kind of mobility and will allow one to move with ease. The purchase of a house would connect individuals permanently to that home, and even though this does not restrain professional development, it certainly has the implication of less mobility and less comfort.
Makati apartments provide the mobility and the convenience of transient housing plans. Although it is optimal for many people to possess a home, renting does have numerous benefits, and it is definitely a feasible choice for people who cannot or do not need to stay in just one area for the long haul.