Investing in real estate and starting a rental property business attracts people looking for long-term equity in real estate with someone else paying the mortgage. Owning a property is the first step to being a rental property business owner.
Some of the things to look at when considering a condo as an investment are the annual rent you may receive, and the annual expenses you will incur.
These expenses include real estate taxes, insurance, maintenance and repairs. In addition, condo rental investors need to factor in the occasional expenses you may occur, such as: legal fees if an eviction is required, advertising costs to get tenants, and repair costs if a tenant damages the property.
“It’s good to know these things when investing on a condo unit,” Matina Enclaves project head Gerald Kent Garces said.
The bottomline, he concluded, is investing on the right property.
“Matina Enclaves is the answer to that,” said the man on top of the homegrown development whic is the initial venture of Escandor Development Corporation (Esdevco).
Matina Enclaves is ideal for those looking for homes in the city or for those planning to get into real estate investment.
“Those who wish to buy condo units for investment or for rent can come to us for advise. Our agents and representatives are on hand to readily answer queries regarding the business,” said Garces.
The Matina Enclaves has by far sold out four buildings and turned over two in a short span of time–a remarkable achievement for a new player in the toigh real estate market.
Getting into the game with a huge headstart this year, Matina Enclaves is a feisty competitor in the business. With up to nine appliances thrown in as freebies the Escandor-owned business, home investment packages can’t get any better than this.
Investment hunters and homebuyers are in for a massive treat as Matina Enclaves opens the new sales calendar year with perked up deals that’s just so hard to resist.
Imagine this. As many as nine freebies are on top of new purchases on each unit at the Matina Enclaves which has by far turned over two buildings with a third one under full construction and set for turnover this year.
“We are officially opening the new sales calendar with some very exciting deals for all homebuyers. Amidst the various offers out there in the market, we are proud to come up with the most exciting packages to choose from and as always, there’s the assurance that we deliver what we promise,” said Garces.
Garces explained that depending on the packages, the new deals include, among others, air condition set, 52-inch LED television, sofa set, dining table, queen-sized bed, rangehood, convection oven, air fryer, combi blinds, deluxe matress set, 7.5 kg washing machine, induction hob, 8-cubic feet inverter refrigerator, one year association dues waived, and one year free membership with Arcadia Active Lifestyle Center.
“And then there’s the big cash discounts we offer to homebuyers,” Garces added.
The signature project of Escandor Development Corporation (Esdevco) staged its first Open House of the year on Friday, January 18, at the Matina Enclaves Showroom at Ecowest Drive in Ecoland, Quimpo Boulevard, Davao City.
The sprawling complex features such grand amenities as a clubhouse, jogging lanes, perimeter fencing, adult and kiddie swimming pools. The Arcadia, located across the property, also complements the development where residences can enjoy gym facilities and restaurants.