Considering a Home for Your Daughter in Cebu City?
Your daughter is now in Grade 10 and plans to study Accountancy at the University of San Carlos in Cebu City. Since you're based in Mindanao, you're exploring options to buy a property in Cebu to ensure she has a safe and convenient place to live.
Why a Condo Unit is the Ideal Choice
For your daughter’s safety, convenience, and proximity to her university, I recommend purchasing a condo unit instead of a townhouse. Condos offer enhanced security and are generally located closer to USC Main Campus, unlike townhouses which can be scarce and more expensive in this area.
Timing is Key: Buy Early
Consider buying a preselling condo unit while your daughter is still in high school. Preselling units are more affordable and offer lower monthly payments compared to ready-for-occupancy (RFO) units. By purchasing early, you benefit from lower prices and flexible payment terms, making it easier on your budget.
Advantages of Preselling Units:
Lower Prices – Benefit from introductory pricing.
Flexible Payment Terms – Spread payments over up to 48 months.
More Choices – Select from various units and locations.
Promotions – Take advantage of special offers and deals.
Drawbacks of Preselling Units:
Longer Waiting Period – You’ll wait longer for completion.
Uncertainty – The final unit may differ from models or digital renderings.
Advantages of Ready-for-Occupancy Units:
Immediate Availability – Move in right away.
See Before You Buy – Inspect the actual unit.
No Delays – Avoid construction delays.
Drawbacks of RFO Units:
Higher Cost – More expensive than preselling units.
Shorter Payment Terms – Typically requires quicker payment.
Limited Selection – Fewer units to choose from.
Condo vs. House-and-Lot
Given the current market in Cebu City, a condo is more practical than a house-and-lot. Here’s a comparison:
There is a subdivision in Tisa, Labangon, at the back of Gaisano Capital, with 3 bedroom townhouses.
Project: Sta. Monica Estate Location: Tisa, Labangon, Cebu City Price: P5.4 million
Reservation Fee: P30,000 Monthly Equity: P34,128/month for 30 months Home Loan: P28,997/month for 20 years
Other subdivision projects are located in Cebu South, the nearest are in Talisay City. Subdivision projects in Cebu City are in mountain barangays. Contact us for the new subdivision projects in Cebu.
This is an ideal condo for students. The location is along the national road of N. Bacalso corner V. Rama St., Cebu City which is strategically located near to top universities, hospitals, malls, supermarkets, convenience shops, etc.
Type: Studio
Unit Area: 22.2 sqm Price: P3.1 million Reservation Fee: P25,000 Monthly Equity: P9,226/month for 48 months Home Loan: P14,846/month for 30 years
3. WHY RENT WHEN YOU CAN OWN?
If you have noticed the monthly amortizations of these projects are almost the same with the current room rental of the apartment. Instead of renting, why not use the budget to buy a condo unit.
Type: Studio Unit Area: 21.13 sqm Price: P2 million Reservation Fee: P10,000 Monthly Equity: P10,000/month for 36 months Home Loan: P 9,673/month for 30 years (Pag-Ibig Fund) or Home Loan: P11,882/month for 20 years (Bank)
Why Buying is Better Than Renting
The monthly amortizations for these condo units are comparable to, or even less than, current rental prices. Investing in a condo rather than renting can save money in the long run and provide your daughter with a secure living environment.
Proximity to School
The condo projects are strategically located near the University of San Carlos, reducing the stress of heavy traffic and allowing your daughter more time for studies and relaxation.
Safety and Security
Condos offer 24-hour security, CCTV coverage, fire alarms, and water sprinklers. They are situated away from high-risk areas like flood zones or squatter communities, ensuring a safe living environment.
Convenience
Condo projects often feature Live, Work, Play communities where essential amenities such as malls, supermarkets, hospitals, and recreational centers are within walking distance, making life easier for your daughter.
Future Investment
When your daughter no longer needs the condo, you can rent it out to students or young professionals, turning your purchase into a profitable investment rather than just an expense.
This guide is for educational purposes only. Consult a lawyer for advice on your specific situation. If you have any questions or need personalized assistance, contact us at 0920 207 5035 or email cebuhousefinder@yahoo.com. We're here to guide you every step of the way, ensuring a smooth and confident buying experience.
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