Why is buying a Lot in Cebu recommended during crisis?
A lot of businesses and jobs have been put on hold due to the widespread Covid-19. It is a sad reality that plenty of people lost their jobs, businesses have closed and some others survive through skeletal workforce operations. For some, this crisis increased sales if they’re from the food and healthcare industry. However, where does Real Estate come in when people aren’t allowed to go outside much less to do site visits? Is it truly recommended to buy real estate when there is an ongoing war for survival?
Here are the top reasons why you should still consider Real Estate purchases.
1.Real Estate Value of Land never decreases – It is safe to say that real estate land will always increase in value. It might be in the future but what’s good about it is that it doesn’t decrease and continually increase in price per sqm. Price increase is imminent especially because a lot of people want to live in Cebu City but land is getting more expensive in the city. Nowadays, residential lots available are now in Consolacion, Liloan, and Danao area in the North. It gets to be as far as Carcar in the south.
2. Discounts are offered during this period – A lot of developers are currently offering discounts and extensions of down payments to encourage investors and clients to purchase the property. For example, there’s a 5% down payment move-in promo offered to people who would like a ready for occupancy condo unit wherein they can occupy the unit after the Enhanced Community Quarantine. Another example is an Enhanced Flexi-term of upto 12 months of downpayment in purchasing a Lot.
3. Increased time for reassessments- For buyers and investors, now is the time to reassess what property you would prefer to have. Assess your goals and plans for the property. Is the lot you are going to buy for investment or for personal use? What location do you like it to be in? What is your estimated investment budget for the property? What are the requirements you have for the property? Do you prefer the lot to be overlooking the mountain or the sea? and so on and so forth. We never have much time as we have now to check where do we go from here. After the community quarantine, you can fulfill your dreams and wishes to have a lot in cebu city area.
4. Competition- A lot of investors hesitate to invest during these times because money is tight and there is an ongoing pandemic but it’s precisely the best time to invest because you have lesser competition now to purchase the best property. People are hanging onto their savings because of fear and right now, if you have more than enough money to invest, it is wise to spend it for something you really want in life. Cebu City Lots are getting scarce and price per sqm is getting higher. Flat lots are also few and there are a lot of sloping lots, or lots that are near rivers so if you have a lot of dealbreakers, you might not be able to get a lot you really desire in Cebu City.
5. Goals- Always consider your goal in working and plans in your life as the boat which you would steer your life with. In these times of crisis, it’s a constant reminder for us that life is temporary and everything we do is transitory. So, with this in mind, fulfilling your goals when you still can is going to be a lifetime achievement of your goals. What are you waiting for? Purchase that dream lot now. Build your dream house or your dream rental business.
There are so many milestones in a person’s life and owning a property is one of them. It’s always going to be a fulfillment for a person to see their hard work resulting in their fulfilled dream house. You can always start slowly as there’s down payments and financing terms that can help you. Start owning now!
Check out lists of Lots for sale in Cebu: https://cebubesthomes.com/property-type/lot-only/