Why Do OFWs Need to Consider Location When Looking for a House to Invest In?
When you’re planning on buying a house or a lot, the location is often the first thing you think about. But why is the location of a house important? While you can always build your house from scratch or renovate the one you will be moving into, you can’t turn a bad location into a good one. You’ll have to find the perfect village or neighborhood to provide you with all the amenities you need and support your lifestyle.
How Does Location Affect Property Value?
The centrality of a property’s location affects the home’s overall value. For example, homes in cities such as Makati and other parts of Metro Manila tend to be placed at a higher price than homes in the nearby provinces. That’s because even if people are getting less land, they are getting a lot more amenities. It’s a payoff that they’re willing to consider.
However, the trend these days is to build industrial parks and economic zones further south from Metro Manila. This means that companies and investors have been putting up their businesses in Cavite, making people flock to the nearby cities of the South. It is only inevitable that property prices in Cavite will increase in the coming years.
A great location means different things to different buyers but there are objective factors that determine a lot’s value. A prime location for real estate investment is a competitive advantage as the property will remain a valuable asset, even if there will be fluctuations in the real estate market.
What to Look for in a Neighborhood When Buying a Home
Aside from the profitable investment, the perfect house or perfect location also boils down to your preferences. To help you find the ideal location for your real estate investment, consider these factors before buying a new property.
Accessibility
The proximity of your home to places such as schools, business districts, and commercial areas is a major factor in finding the perfect house or perfect location. If you have kids, you’ll need to find a home that’s near to schools that provide quality education. Close access to grocery stores and hospitals will make your life more comfortable, especially during emergencies.
At Micara Estates, our real estate developments are near central business districts to offer the convenience of both provincial and metropolitan living. There are various ways to get to Metro Manila from Tanza, and Micara Estates is easily accessible via major thoroughfares.
Natural Environment
A nice home is an ideal environment for children to grow up in, which is why a great location is important for real estate investment. Studies show that kids who grow up in neighborhoods with lots of green spaces have fewer chances of developing mental health disorders as adults.
Landscaping and large trees also improve a neighborhood’s aesthetics, reducing the heat of tropical air temperatures and providing shade and protection from the sun for everyone. They are perfect for those warm sunny days when you want to enjoy the fresh air by taking leisurely strolls around the village.
Safety and Security
Security is a major reason why the location of a house is important. Naturally, everyone wants to live in a neighborhood where they feel secure and safe 24/7. Thankfully, villages like Micara Estates are gated and secured with guards 24 hours a day, 7 days a week. For security reasons, no tricycles are allowed to go inside the village. A shuttle bus is available so residents can go in and out of the subdivision comfortably, keeping everyone safe and the environment pollution-free.
Score the Perfect House and Perfect Location at Micara Estates
Looking for the ideal location for your real estate investment? Your search is over with Micara Estates in Cavite. Our 70-hectare master planned community hits all the checkmarks of a perfect location. A gated and guarded community, the village is near high-quality schools, business districts, malls, and other places that add convenience to its future residents.
For more information and inquiries, don’t hesitate to contact us today.