Young professionals prefer condo living in terms of real estate properties, and the reasons will enlighten curious minds. It’s especially noticeable in the housing market, where young professionals prefer condominiums rather than large homes. Their housing choices are defined by cost-efficiency and comfort, and they prefer condos over other property types. Young professionals now have the most access to information, which allows them to make more informed decisions, particularly when it comes to making large investments such as purchasing a home.
Young professionals have the most access to various forms of media that aim to improve financial intelligence. They understand that building their investment strategy allows them to achieve higher goals and feel more at ease about starting a family in the future. In terms of real estate properties, young professionals prefer condo living for a variety of reasons, which will enlighten curious minds. Here are 8 reasons why young professionals prefer condominiums:
1. Good investment
Why condo is a good investment? Real estate is one of the possible investment options for a young professional. They say it’s better to invest when you’re in your early or mid-twenties, when you’re earning a lot in your career but don’t have the responsibilities of adulthood or having your own family. The earlier you begin, the more time you will have to explore the many different types of investments. Young professionals have the most access to various forms of media that aim to improve financial intelligence. They understand that building their investment portfolio allows them to achieve higher goals and feel more at ease about starting a family in the future.
Read also: Why Millennials Choose to Invest in Condominiums
2. Convenience
When doing all of the work, everything should be done quickly. As a result, it conditioned the minds of younger professionals to value every minute. Hours of commuting do not correspond to the common lifestyle preferred by the younger generation in terms of work-life balance. Younger professionals do not value convenience solely for the sake of immediate satisfaction. Workplace demands and competition for great opportunities are tenfold higher than in previous decades. With the advent of information and rapid technological advancements, most of their skills will be rendered obsolete in a matter of years. When it comes to productivity, younger professionals are taught to increase the number of employees.
3. Affordable to live
A condo is less expensive than a house, especially for a single person, a young professional, a couple, or a new family. Owning fancy amenities is more difficult when purchasing or having a house built, so pools, gyms, and function rooms increase the benefits of having a condo over a house. Affordability also includes the fact that having easy access to the workplace, as well as business and trade centers, saves a person a lot of money in the long run, not to mention that this is an automatic sound investment to bring in cash flow.
4. Exclusive amenities
Young professionals are one of the busiest generations in terms of establishing a career. With so many opportunities and challenges all around them, most of them are constantly afraid of missing out. And it causes them to optimize their lives in such a way that they have access to anything they may require at any time. It also includes sports facilities such as a gym or a tennis court, recreational facilities, and other amenities such as a 24-hour concierge or a valet parking lot.
Read also: Top Amenities and Features to Consider in Buying a Condominium
5. Community
Most condo has a fun activities for residents to participate in. This is ideal for young professionals who are just starting out in their careers and are under a lot of pressure. Movie nights, barbecues, and family days will undoubtedly be enjoyable. People must make time in their busy lives to make genuine connections. Because condos are in prime locations, having easy access to museums, cafes, and weekend bars is unquestionably advantageous. Young professionals are at the pinnacle of their careers and are building a network of people to surround themselves with at their own pace..
6. Cost efficiency
Young professionals prefer condominiums for another financial reason. As you may be aware, all condo residents are required to pay ‘condo maintenance fees.’ While some people mistake these fees for nothing more than extra spending, they can actually save them a substantial amount of money in the long run. While the majority of condo fees are used for routine maintenance such as gardening and window cleaning, a small portion is set aside for a reserve fund. This fund is used to cover one-time expenses such as repairing a leaking roof or replacing a broken window. It also means you won’t have to pay for repairs out of your own pocket..
7. Less space and easier to design.
Because of less space they only be working with a small area, furnishing is simple and inexpensive. Living in a condominium gives young professional a limited space for interior design, and many condo buyers or owners avoid seeking professional help in designing their respective units in order to save money on professional fees, renovations, and so on. But that doesn’t mean you have to be boring. There are many cost-effective ways to make the most of your dream home, as well as eco-friendly ones. So, to avoid professional fees, feel free to design for yourself with any theme you want.
8. Condo living is safer
Most condominiums have tight security and safety measures in place that’s why young professionals prefer condominiums, so they don’t have to worry about leaving their homes. In addition to roving security guards, most condominiums require visitors to leave an ID. Alarm systems can be used to improve the security of your home. However, it is highly dependent on the specific building and its security features. Condominiums, on the other hand, can provide a much safer living environment than apartments or single-family homes.
In conclusion recognize that young professionals spend their time in a different way than students or people about to retire. Time is spent building themselves rather than settling down to take a much-needed vacation from the city’s hectic environment that’s why young professionals prefer condominiums.
And also condominiums are altering the way we live or desire to live with better lives. We work hard enough to come home to a better place, right? Also, Why condo is a good investment? Condominiums are a popular choice for first-time home buyers as well as real estate investors.
Purchasing property is stressful, with the pressure to select the right home in the right location at the right time. With so many factors to consider, be sure to think things through before making a purchase. And property development is steadily increasing, particularly in mid and high rise residential condominiums. These statistics simply demonstrate that an increasing number of Filipinos are opting for the condo lifestyle.
At Bria Homes they provide quality condominium units, sleek and modern spaces that are also affordable in CDO, Mactan, General Trias, and Calamba. Ideal for young professionals and working adults looking for a place to call home. And also BRIA Homes primes itself on the development of affordable house and lot or condominium units that caters to ordinary Filipino families aspiring to own their own homes It had evolved into the ideal option for ordinary Filipino workers looking to invest in a high-quality yet affordable home.
Written by Mark Anthony Seña
