3 Reasons Why Lots are Better than House and Lots in Cebu
Why are Lots Better than House and Lots in Cebu?
Buying a Ready for Occupancy House nowadays has been the trend in Cebu. If you have been renting for quite some time, it can be a waste knowing that your hard-earned money goes to monthly rentals without having a chance of owning the house. Upon saving a substantial amount of money, you now wonder if it will be better to go ahead and buy a Ready to Occupy House and Lot in Cebu or would it be better to buy a Lot first? Here are three reasons it’s better to buy a Lot instead.
*You can DESIGN your DREAM HOME in CEBU– It is a fact that today’s houses have become smaller in floor area even when it comes with a huge price like P3,000,000 or P4,000,000. At that price, you can only get a townhouse in Cebu City area. In the provinces, you’d get to have a larger floor area at 100-150 sqm but you will also have the disadvantage of longer travel times to and from work. By buying a lot in Cebu City first, you will have a chance to design your house. How large do you like it to be? How many rooms do you like to have in your house? Do you plan to design it with a swimming pool or a garden? You will have the freedom to include amenities and features you prefer over those already added in a standard Ready for occupancy house and lots.
*LOTS appreciate in VALUE especially in CEBU CITY- Over the years, lot prices do not stay stagnant. With today’s inflation, it is safe to say that investing in a lot is better than putting your money in a bank with very small interest gained per month. If you plan to build a house later and it can wait, buying a lot will be the first step in realizing your dream home. If you wait for a long time to buy a lot, there might be a time that the lot price per sqm would already go beyond your investment budget. Whereas, if you buy a house and lot, there is a depreciation factor to consider as time passes by utilizing the house. It will diminish the value of the lot where the house is situated and you might be forced to do a “sacrifice sale”.
*LOTS are easier to sell- A lot of people do not buy house and lots because they have different tastes when it comes to the color and design of the houses but if you would sell a lot, there are lesser objections as long as the terrain and lot location is good.
If you plan to purchase a lot in Cebu City, we would recommend Greenwoods as it is very near Talamban located in Pulangbato Cebu City.
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