Is a luxury condo worth spending your money on?

News
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13 January 2022
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Most homebuyers want to live in a luxury condo but are wary of its market price and upkeep costs. Are you one of them? 

With its market prices, maintenance costs, utilities, and other condo expenses, the question lies: Is living in a luxury condo worth it? 

Short answer: Definitely!

There are more pros than cons of living in a luxury condo than you would think! 

Here are some thinking points that will give you the push you need in making that luxury condo investment: 

Accessibility and convenience

Luxury condos bring next-level accessibility and convenience to their homeowners versus a typical condo. Apart from being located at prime locations in the city, luxury condos have the edge of being placed near institutions such as schools, hospitals, CBDs, and retail centers. This feature removes travel time that homeowners can allocate to doing what they love most! 

Security and safety

Safety is a significant issue for most city dwellers when going about their daily lives. However, condo homeowners have one less thing to worry about luxury condos are usually gated communities with 24-hour security in place.

Premium living spaces

The number one reason homebuyers opt for luxury condos is the premium living spaces that take their city lifestyle to the next level. Whether it is a stunning view of the city skyline from your balcony or having spacious units and allocated parking spaces, these details give your home a luxurious feel. 

Upscale recreational spaces that you can’t find anywhere else

As exclusivity coincides with luxury, it is no wonder that luxury condos are preferred by most due to their exclusive spaces and amenities offered nowhere else. These may include access to a premier sports club, state-of-the-art gyms, or hotel-level concierge service that makes these condos stand out from the rest. 

Future earning potential

Luxury condos have a huge market for renters and buyers alike with these attractive features. That’s why condo investors make sure to round up potential condos during their pre-selling stages to ensure that they get ideal offers for their preferred units and locations. 

I’m in! But is a condo lifestyle expensive?

On the contrary, luxury condos save you more money than you spend! For example, homeowners who have a monthly gym membership can find the same amenities at their development free of charge! Living in a condo would also save you travel time and fare as these are commonly located at vital locations in the city with shopping malls and retail centers at a moment’s notice. 

Recently, even luxury condos in the Philippines have offered reasonable prices and excellent payment schemes to the general market. 

For example, homeowners of Empire East developments, such as The Rochester in San Joaquin, Pasig City, and Kasara Urban Resort Residences in Ugong, Pasig City, can live their dream luxurious resort lifestyle while staying in the confines of the city.

An excellent example of an upcoming luxurious community is Empire East Highland City along Felix Avenue, Pasig-Cainta! This development is said to have four phases, which include its premium hub of malls, parks, exclusive recreational spaces, and 37-tower world-class residences. 

This only proves that condos need not be expensive, and definitely, condo living is not a luxury only the elites can enjoy.

Learn more about the best condo options that come with the best deals in Metro Manila by visiting Empire East’s website or emailing inquiry@empire-east.com.

Don’t forget to follow Empire East on social media for more tips, updates, and promos!

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