For people who are looking for a Makati condo or a Makati apartment, the age-old question would be to buy or not to buy. If you have the cash and money is not a consideration, then the best option would be is to buy yourself one. However, if you don’t enough funds to purchase your own unit, consider getting an apartment for rent in Makati first.
There are so many factors one should consider when choosing between buying and renting any property. The first and main consideration is the state of your finances. Real estate experts advise that buying is still better than renting at any given span of time, but if you’re still on a tight budget then go ahead and get yourself a condo or apartment for rent in Makati.
Renting a Makati condo or Makati apartment is the best choice for people like expatriates, tourists, or students, who do not have to stay in one place for a long period of time. When the time comes for them to move to another place, they won’t be stuck with a property in an area that they aren’t living in.
When you rent an apartment or condo in Makati, you only have to pay for the initial cost and monthly cost. In contrast, you have to have a large amount of money on hand to pay for the down payment and other expenses that buying a property will incur.
One disadvantage of buying a Makati condo is that it depreciates as time goes by and you can only sell it at a lower price if you decide to unload it on the market after living in it for several years. This is one of the reasons why renting a condo or an apartment would be a much wiser decision.
For people who own a Makati condo and Makati apartment, they have the option to rent it out to other people. A strategic location is important, which is why condos and apartments located in Makati fetch a higher price when they are advertised on the market. The closeness to the Makati Central Business District and the airport makes Makati properties more desirable for people wanting to rent in this city.
Whether you rent or buy a Makati condo, you’re sure to find the perfect property to suit your needs. Both of these options have their own advantages, so make sure that you choose wisely. Finding that perfect apartment for rent in Makati can really beneficial for you.
