A key characteristic of a real estate property is its ability to generate passive long-term revenue. Value appreciation is one of the benefits of buying real estate property as early as you can. Over time, the value of your house and lot will continue to grow. Suppose you bought a house and lot this year for one million pesos, by next year, it is expected to increase significantly. Apart from the price and limited deals that developers currently offer, one of the main reasons why real estate salespersons are convincing you to buy your home as early as possible is the anticipated price increase next year. Once the pandemic is over and the market has stabilized, real estate prices are expected to increase big time, and payment schemes might become rigid. When developers suggest that the right time to invest is now, it is more than just a marketing campaign but a benefit for the consumer's end.
By Jedd Marie Dumadaug