Looking for your next real estate investment or future home? Whatever your reasons are, most end up deciding on searching and buying a pre-selling or ready-for-occupancy house and lot. After weighing the pros and cons of buying an actual home, buyers have also factored in location, budget, property taxes, homeowner association fees, market trends, and even the design of the property as requirements. Some who have the extra budget to buy a luxury home go the extra mile of considering other wants like the number of rooms, the architecture, the garage capacity, and exterior spaces such as the courtyard or garden.
However, if you’re not ready to go through the homebuying process yet, or cannot decide on the vast supply of homes in the market today, have you ever thought of investing in a raw plot of land from lot-only properties instead?
Lot-only properties in residential communities like Crosswinds Tagaytay, are great if you are seeking a place to build your next home or capitalizing on the real estate premium.
Investing in Lot-Only Properties
In a country where investing in residential properties, such as condos, houses and lots, and even apartment units, is a well-understood concept, not a lot of people invest their hard-earned money in a lot-only property. Most people do not know or are not sure how to buy a lot-only property, and a few of them do not even understand how a lot-only property is a great way to diversify their investment portfolios. Why invest in a lot-only property when there are pre-selling and ready-for-occupancy houses and lots in the market already?
However, you owe it to yourself to at least know what other real estate types out there in the market to optimize your investment portfolio.
Why You Should Invest In Lot-Only Properties
Here are the following reasons why you should consider investing in a lot-only property:
1. Land Is a Valuable and Finite Resource.
This may be an overused quote in real estate, but it is true. You can definitely build as many houses as you want, but you cannot make enough land to build it on. This is why land is both valuable and finite, and there’s only so much land you can actually build homes on.
2. Owning Land Gives You Peace of Mind.
The interesting thing about land is that even at its “raw” state, it will always remain valuable, and sometimes when the timing is right, can be even worth so much more than what you have originally paid for. Compared to a condo, the costs of buying land is lesser than the costs of owning a home. Aside from real property taxes, there’s nothing to tend to, or destroy, or landscape, or exert extra effort unless you intend to use it.
On the other hand, choose to invest in a lot-only property if you do have plans to do something with it in the future (ex. build your future home or a home for leasing). Buying an idle land that does not have any future purpose isn’t exactly a property worth investing.
3. Land Is Something You Can See and Touch.
When compared to stocks or shares, land is a tangible investment. This means that the valuation of land is not that dependent on the market, especially if tomorrow means money is now considered a useless asset. Land will still be something physical and tangible and will always be yours whatever the economic situation. As currency and money may change, ownership will not.
4. Competition in Lot-Only Properties Is Low.
Sometimes, to win is to be where others are not. Majority of the real estate buyers prefer the shinier, glamorous aspects and achievements of investing. Buying condominium units, houses and lots, and apartments are the more popular choices. And why shouldn’t they? As more real estate developers build stylish and modern homes in thematic, family-friendly communities in accessible neighborhoods, it’s hard to resist putting your money’s worth in a unit located in one of them.
However, there’s not a lot of competition when it comes to lot-only properties. This is great because this simply means you have more chances of investing in a lot-only property at a promising location.
5. It’s Considerably More Inexpensive To Own a Lot-Only Property Over Time.
Any homeowner or property owner will tell you that over time, owning a condo, house and lot, or any other infrastructure can be costly. Managing your own house, you’ll find that you need to pay certain expenses to maintain it. You pay utilities like electricity, water, and even your Internet service provider to make your home liveable. If your house has been lived in for quite some time, you need to shell out money for maintenance expenses like plumbing, lighting fixtures, and even infrastructure improvements like roofing. You also need to shell out money to make sure that your property is pest and bug-free, especially if you are currently leasing it.
Aside from real estate property taxes, there are no additional fees needed to keep it! Unless you need to prepare the land for however you intend to use it, you will rarely shell out money to maintain the lot-only property.
6. Land Is a Great Long-Term Investment.
If you are looking to invest in a property for long-term gains, then your best bet, aside from buying and leasing or flipping homes, is investing in a lot-only property. As such, lot-only properties are popular for buyers who intend to pass them on to their children, and their children’s children as a legacy. And as land values grow over time, the land owner benefits from the increased valuation. If your lot-only properties are located in areas where economic development and expansion are expected, then you are likely to reap so much more than the total contract price of the land at the time it was purchased.
7. You Can Easily Buy a Lot-Only Property.
Just like the home buying process, buying lot-only properties is quite easy too. Most of the time, the process can easily be done online by diligently searching the web for a desirable lot. Thus, you can easily buy a lot-only property even though you are not from the area. Simply visit the property listing online, and get in touch with an accredited broker who can assist you with the rest of the property buying process.
8. Owning Land Gives You Financial Freedom To Take Risks.
When you own a lot-only property, especially if it is located in a premium location, rest assured that your hard-earned money will only go up onwards. Moreover, you already have the financial capability to foray into other real estate investments, and can even use your existing lot-only property as leverage.
If you are planning to use the land as the site of your future home, you can start building your dream house without any time or design constraints. You can start making small improvements to the land if you wish, or hold out for a little while as you save enough money to start the construction.
Check Out These Top Lot-Only Properties in the Philippines
You can invest in a lot-only property and reap the rewards of owning a raw lot for sale in the Philippines.
But with the number of raw lots for sale in the Philippines listed online today, it can be a bit overwhelming to find the true gems. Most of the time, lot-only properties that provide great returns are not publicly listed. So how do you find the top lot-only offerings in the Philippines? The key is investing in premium-value locations like luxury home communities. This way, you are not only assured of the premium value the lot-only properties hold, but the real estate risks are already reduced because the surrounding land is already developed and planned for value optimization by the real estate developer.
Brittany Corporation by Vista Land is a high-end property developer in the Philippines that seeks to address the demand for beautiful luxurious communities. From lush, premium house and lot residential communities to high-end condominium enclaves, Brittany Corporation aims to offer the most sought-after bespoke lifestyle that allows an extravagant, effortless quality of life, both indoors and outdoors.
Moreover, Brittany Corporation is the first in the country to conceptualize, develop, and manage beautiful residential communities that offer luxury properties;
Each of Brittany’s luxury communities are rich in character and sophisticated in their thematic appeal. The design inspiration for Brittany’s luxury communities are inspired by the most scenic destinations in the world, bringing breathtaking places closer to home, and allowing residents to achieve the beautiful, luxurious lifestyle that they seek.
Brittany Vista Alabang
Brittany Vista Alabang is a 600-hectare development for families who love Southern comforts but like to have modern conveniences.
Brittany Vista Alabang is a family-friendly diverse community spanning over 600 hectares of master-planned real estate development. This community offers private enclaves that offer luxury houses and lots while supporting all aspects of family life. Located in Vista City, a prime location close to shopping, dining, entertainment, and amenities, Brittany Vista Alabang helps families thrive and prosper within the standards of an active metropolis.
Brittany Vista Alabang has three main enclaves that are supported by its outstanding amenity center called Parco de Portofino. Parco de Portofino is a grand clubhouse that houses an impressive list of amenities and facilities, including an interactive swimming pool for kids, basketball court, activity area, function and meeting rooms, and a space for health and fitness.
Inquire about luxury lot-only properties for sale at Brittany Vista Alabang here.
Brittany Sta. Rosa
Brittany Sta. Rosa is located within an active Southern metropolis and surrounded by top golfing facilities, making the lot-only properties popular even among luxury homebuyers.
Brittany Sta. Rosa is a 260-hectare property rich in history, atmosphere, and nature, which has now transformed to become an exciting new destination, especially for people living in the south of Mega Manila. Featuring nine themed residential developments, where each offers an exclusive location and only the best educational and recreational facilities nearby. It is also surrounded by Canlubang Golf and Country Club, the Sta. Elena Golf Club, and The Country Club, the top golf courses in the metro.
The luxury homes in Augusta are well-designed and evenly spaced, capitalizing on the luxury of exclusivity and landscape this residential enclave offers.
Augusta is one of the several residential enclaves in Brittany Vista Alabang. The 15-hectare residential development is set to feature luxury houses and lots infused with an old-world glow for today’s modern living. The Southern American-themed houses are embraced by a sprawling landscape of greens and wildlife that anyone will appreciate over time.
Inquire about luxury lot-only properties for sale at Augusta here.
Live like the English at Promenade, where luxury estate-like homes are beyond the black-and-gold 18th century-style gates, and are surrounded by lush forests that blend into the residential enclave’s beautiful knot gardens.
Promenade is a master-planned residential community nestled within the thriving city of Sta. Rosa in Laguna. This luxury residential enclave is quite popular among real estate investors because the value of the land in this location is premium. Beside the quaint English-style homes featured in Promenade are top golf courses in the South: the Sta. Elena Golf and Country Club and the Country Club Philippines.
Inquire about luxury lot-only properties for sale at Promenade here.
Crosswinds Tagaytay is an idyllic Swiss escape of pine trees, chalet-inspired luxury homes, lush terrains, and the cool, countryside Tagaytay air.
Crosswinds Tagaytay is a 100-hectare luxury resort and residential community, as well as a top tourist destination in the Philippines. A real estate favorite and a popular tourist destination, Crosswinds Tagaytay is the epitome of real estate beauty in every detail. The sights and scent of over 35,000 pine trees in the area, the picturesque views of the lush terrains of Tagaytay City, and the commanding Swiss-inspired homes, which are all situated along the natural slopes of the exclusive community will make anyone establish roots here. The charm and its proximity to Tagaytay’s commercial area and restaurant strip make the lot-only properties in Crosswinds in very high demand.
Inquire about luxury lot-only properties for sale at Crosswinds Tagaytay here.