Is investing in a condo unit a good idea?By Randell Tiongson on May 4th, 2011
Is investing in a condo unit a good idea?
By Randell Tiongson
Philippine Daily Inquirer
First Posted 21:29:00 05/03/2011
QUESTION: Is a condo unit a good investment?—Mia Eugenio Marinez via Facebook
Answer: It depends. If you ask real estate brokers, they will tell you that investing in condominium units is the greatest thing since sliced bread. However, many investment experts seem unimpressed with returns from condominium investments and for a good reason.
The bigger question to ask is why are you consideringpurchasing a condominium unit? Is your purpose purely for capital gain or do you intend to live in that condo? I always say that when we select our investment options, we need to take a closer look at our investment objective, risk tolerance and time frame.
In this case, are you already certain as to the three I mentioned?
Assuming that you…