Condotels, or condominiums furnished and functioning as a makeshift hotel, have been the trend for most vacationers and property investors in recent years. Most condotel owners turn their investments into rentable housing for short-term contracts with most of their clients being tourists in a vacation destination, or workers looking for a temporary change of scenery and pace in order to refresh and relieve that office burnout after being cooped up at home during the long pandemic quarantine. Depending on the agreements, the condominium management can also handle all necessary affairs regarding the rental of rooms. Here are some reasons why you should take full advantage and live in a condotel this 2022.
Crosswinds Tagaytay provides the most premiere suites for every guest wishing to stay for a while in the cold climate of the south.
Why own a condotel?
As previously said, condotel transactions can be managed by the management itself. The tenant will have full access to all services and amenities provided by the management. The good news is that even if the condominium management entertains the rentals, they will be on behalf of the owner. This means that the owner will have rights to the profits earned for the rental of their property. All advertising of the property can also be handled by the management. Even though all things are accounted for by the staff, it wouldn’t hurt to make a personal effort in promoting your own space.
Condotels serve as a home away from home and an investment for the future of loved ones.
On the occasion that the owner wishes to stay in their property, they can do so without additional charge. Most owners prefer to make it their vacation getaway during the off-season of rentals. Care and maintenance will also be carried out by the staff while the owner is away.
How to earn with a condotel?
Compared to investing in a usual condominium where all matters are in the care of the owner, here is another reason to live in a condotel this 2022: Investors will earn based on the net profit of the management and distributed accordingly to the size of their respective properties. This means that there would be no reason to fear during the off-season which can be used for personal escapades.
Aside from not having to handle everything personally, condotels are sure to provide real estate professionals who are experts in the business of renting properties. This guarantees that having a condotel as a source of income will be a stable financial investment.
The Four F’s of Choosing a Condotel
One important thing to keep in mind when investing in any form of property is the location and why that location. One of the most favored destinations for as long as people can remember is the famous city of the magical Tagaytay. People like visiting Tagaytay for several reasons that are on top of everyone’s mind.
Because of its altitude, Tagaytay has a colder than usual climate even for a tropical country like the Philippines. It is sometimes referred to as Baguio in the south. And just like Baguio, people visit Tagaytay for more than just its cool atmosphere. Sky Ranch, People’s Park in the Sky, Picnic Grove, the Gingerbread House, and several tourist spots can be found in Tagaytay. Having to live in a condotel this 2022 in Tagaytay will be convenient for every visit since these locations take more than just a single day to experience in full.
Windmill at Lausanne is a brand new experience at Crosswinds Tagaytay.
Filipinos are inherently gastronomic in nature, inventing the most intricate dishes and not to mention the most famous adobo that has a reputation even overseas. Visitors to the south will always have a food craving in mind whenever they arrive in Tagaytay. Be it a piping hot bulalo soup or a classic spicy tablea tsokolate, something is always available in Tagaytay for everyone’s palate. Some of the most recent names to gain fame in the food industry in Tagaytay are NAPA, Cafe Voi La, Lausanne, and the Ruined Project all of which are conveniently located at Crosswinds Tagaytay. The quality of local food can make or break the motivation to live in a condotel this 2022.
Lausanne offers a brand new breath-taking view at Crosswinds Tagaytay.
The most important thing in any form of investment, either property or another form, is the capacity for that investment to evolve in the future. Tagaytay has this infinite potential of attracting visitors from different locations for several reasons. Major road projects are finally coming to fruition such as the Cavite Laguna Expressway (CALAX), the Cavite – Tagaytay – Batangas Extension (CTBEX), South Luzon Expressway (SLEX), and the upcoming LRT-1 Line Extension. Tagaytay is a constantly developing location that is always ripe for business.
Just as Tagaytay is constantly developing, so does Crosswinds Tagaytay. Recently launching their Lausanne luxury lots, they are still at pre-selling and offer the lowest prices for property investors. The Alpine Villas also have available condo units for the perfect condotel investment.
Enjoy the premiere and luxurious units for sale at Crosswinds Tagaytay.
What else should come to mind when investing in property? Finishing early in the race to enjoy life to the fullest. Having a stable income source by owning a condotel means that there are less things to worry about. Early retirement is well within reach and allows owners to do more and work less for that luxury life. Being in this situation opens a lot of doors for the future, with most of those doors still available for you to open when you get back to them. This is probably the best reason to live in a condotel this 2022.