Rent Philippines

Rent Philippines

Rent Philippines. Supposed you invested in a condominium unit in the Philippines, what would be the financial return if you plan to lease or rent it out?

Rent Philippines or renting out your condominium unit in the Philippines is the way to go to let your investment pay up for itself.

The rent varies from one city to another. In Makati City, the rule of thumb is 1% of the prevailing cost of your condo unit. Say you purchase a 1 bedroom unit in the central business district of Makati.

Details would be as follows:
Condo Description: 1 bedroom unit on the 15th floor
Floor Area: 30 sqm
Prevailing Market Price: 2.5M Php
How much would be the rental? 1% of 2.5M = 25K Php per month

This is the current rental figure in Makati. Now, a 30sqm condo unit here would cost you roughly the same amount when you pay monthly for a period of about 10 to 15 years. How about that? Your investment will be paying for itself!

Investing in condos and having them listed out as rent Philippines is one area where your investment can surely earn. An investment that will pay up for itself in a period of time can practically be considered a good investment.

However, there are also downsides that should be carefully considered. One is that, you will not be able to enjoy living or using your condo unit since you are practically renting it out. Second is that the waiting period in order for you to realize your earnings from your condo investment is very long.

The way to look at it is making your investment now and then making good use of it in the future. Suppose at this time, you have a 4 year old kid that you very much love and want to prepare him something for the future. Investing in a condominium unit in Makati then having it rented out would prove to be a wise investment.

The rental from the condo unit will be paying for itself. Then after a period of about 15 years… it will be paid up… your kid who is now about 19 years old and starting out in life will have a property for himself. A condo unit that he can use for himself… or one that will yield out good returns if he chooses to continue renting it out as rent Philippines.