1. location, location, location
With a condo or a property near a train station, you are most likely assured of higher property values in the future as it is a sign of progress. Just like a seaport or airport, a train station also drives a lot of foot traffic. That means that more and more business and retail establishments abound or will abound the area where the train station is located. This makes your property of condominium in a very prime location. As the very old adage in real estate goes, it is still location, location, location that is the priority in choosing a property.
2, convenience
The big 3 rail transits namely LRT-1, LRT-2 and MRT-3 are almost inter-connected. LRT-1 is just walking distance to LRT-2 through LRT-1's Doroteo Jose Station and LRT-2's Recto Station. MRT-3's Taft Station is walking distance to LRT-1's EDSA-Taft Station. LRT-1's Roosevelt Avenue Station is just a short and few minutes bus ride to MRT-3's North Avenue Station with plans of having a common station in the vicinity of Trinoma Mall. MRT-3's Cubao station is just walking distance to LRT-2's Araneta Center-Cubao Station. In short, all these are somehow inter-connected through short walks. This means that you can go to most parts of Metro Manila fast and quick without the hassle of traffic jams by taking these rail transits when you invest in a condominium near a train station. Pasay seems to be a long drive from Marikina but it can just take a few minutes traffic-free by train, the same if you are going South of the Metro to North of the Metro. That frees you from thinking about where to park, the parking fees, traffic jams, rising gasoline and diesel prices and the like.
And again, where the train stations are, retail establishments come close by. Meaning aside from the amenities provided by the condominium, there are additional extras that you can get outside of the condominium as most likely there will be nearby malls and supermarkets or groceries, convenience stores, cafes and coffee shops, restaurants and eateries, payment centers and banks, schools, institutions, among others.
And again, where the train stations are, retail establishments come close by. Meaning aside from the amenities provided by the condominium, there are additional extras that you can get outside of the condominium as most likely there will be nearby malls and supermarkets or groceries, convenience stores, cafes and coffee shops, restaurants and eateries, payment centers and banks, schools, institutions, among others.
3. cost-efficient
When you live in a train station nearby, you will most likely not need to purchase a vehicle. Some vehicles nowadays can cost as much as a condominium unit already. So instead of buying a vehicle that usually depreciates, you can put it as savings or invest it in stocks, mutual funds, insurance or another property that usually appreciates in value over time. Especially for OFWs, expatriates, balikbayans who do not stay in the country all or most of the time, this could be an advantage. Also, it can save you from other expenses such as for gasoline, parking fees, vehicle maintenance costs. Since taking the train requires you to walk and take the stairs (at times) which are a form or exercise, then in one way or another, it can save you from gym membership fees and hospital and medicinal fees that can arise when one incurs weight-related diseases.
4. healthy alternative
As mentioned in the last sentence above, taking the train requires walking and taking the stairs. Most of us know that these two are very effective exercises that do not need too much effort. If you are too busy with work and do not have time to go to the gym or jog every day, this is a very practical alternative that does not ask for an extra time on your part. It becomes part of your daily routine if you work everyday and without you noticing it, it helps you become more healthy, you lose some pounds and contribute to your overall wellness.
Taking the train especially going back home is a great motivation for exercise. Why? Because you can't go home without doing it. :)
Taking the train especially going back home is a great motivation for exercise. Why? Because you can't go home without doing it. :)
5. INVESTMENT POTENTIAL
As also previously mentioned, a condominium near a train station makes it very prime as other establishments and institutions or places of interest precede or follow. It is one of the factors that drive up real estate values over time, prices appreciate. Also, if a condominium unit is bought in its pre-development stages, it is usually offered in its introductory price. Then there comes price increases usually between 3-5% annually or twice a year depending on several factors, mainly which is demand.
Another possible source of income that can be derived from getting a condo unit is rental or leasing of unit. A residential studio unit can be rented out at around P15,000-25,000 depending on the location and size of the unit. Even more than P50,000 a month for the larger cuts. Especially for balikbayans and OFWs who are mostly based abroad, you can get a steady stream of passive income even while you are abroad. Or even if you are based here in the Philippines, that is still a very good amount of extra money that you can earn even if you have a full-time job, a business or focusing on your family.
What makes a condo unit near a train station easy to rent out or find a market for it is that it is easily accessible to business districts, schools, offices, malls, government institutions and the like. If you have a condo unit near MRT-3 Shaw Station for example, a tenant who is working in Ortigas can just walk to the workplace. If the office is or if there is a meeting in Makati, it is just a quick bus or train ride away. If the tenant's permanent address is in the province, the person can just take the train and disembark in LRT Buendia or MRT-3 Cubao where most of the bus terminals are. So it will be an advantage to those who get a condo unit near train stations as it will be very convenient for the prospective tenants.
Another possible source of income that can be derived from getting a condo unit is rental or leasing of unit. A residential studio unit can be rented out at around P15,000-25,000 depending on the location and size of the unit. Even more than P50,000 a month for the larger cuts. Especially for balikbayans and OFWs who are mostly based abroad, you can get a steady stream of passive income even while you are abroad. Or even if you are based here in the Philippines, that is still a very good amount of extra money that you can earn even if you have a full-time job, a business or focusing on your family.
What makes a condo unit near a train station easy to rent out or find a market for it is that it is easily accessible to business districts, schools, offices, malls, government institutions and the like. If you have a condo unit near MRT-3 Shaw Station for example, a tenant who is working in Ortigas can just walk to the workplace. If the office is or if there is a meeting in Makati, it is just a quick bus or train ride away. If the tenant's permanent address is in the province, the person can just take the train and disembark in LRT Buendia or MRT-3 Cubao where most of the bus terminals are. So it will be an advantage to those who get a condo unit near train stations as it will be very convenient for the prospective tenants.