What to Consider Before Buying a Rental Property in Davao City

Buying a rental property in Davao City can just be the realization of a dream investment. This is because it virtually creates a passive income as it requires minimum effort from the investor to get the return on his investment.

What to Consider Before Buying a Rental Property in Davao City

So what are the things that should be considered prior to purchasing a rental property in Davao?

After evaluating one’s personal finances and capability to purchase a property, a prospective buyer should also keep some things in mind in relation to investing on a rental property. TheBalance.com mentioned in one of its published posts that prospective investors should take into consideration the expenses owning a rental property entails. “You can break property expenses into both fixed and variable expenses. Fixed Expenses – You will have recurring expenses such as annual property taxes, insurance, routine maintenance and repair items, and the cost of any property management services. Variable Expenses – Don’t forget to set aside funds for major unplanned expenses such as replacing the water heater, air conditioner or heater, roof, fencing, flooring or plumbing.”

Determining Profitability

Investopedia meanwhile shared a list of indicators that a rental property is profitable. One of the indicators mentioned in their post is having a good number of job opportunities in the area. “If you notice an announcement for a new major company moving to the area, you can rest assured that workers will flock to the area. However, this may cause house prices to react (either negatively or positively) depending on the corporation moving in. The fallback point here is that if you would like the new corporation in your backyard, your renters probably will too.”

Advantages of Investing on Rental Properties in Davao

Rental properties, especially when carefully chosen and well financed can be a good investment specifically that which will be used through retirement. It basically forces the buyer to earmark a portion of his income on savings that he can use once he retires from work.

 

Realty Davao
Mt. Tres Marias Dinaville Subdivision, Ma-a, Davao City, 8000 Davao del Sur
(082) 284 5494
https://realtydavao.com/

The post What to Consider Before Buying a Rental Property in Davao City appeared first on Realty Davao.

Comments

Post a Comment

Popular posts from this blog

Where to Buy Pasalubong in Davao City

Image
Pasalubong will always be part of the Filipino culture. When one visits a new place, he does not forget those whom he left behind back home and bring gifts for them. When visiting Davao, know that there are many places to find pasalubong fare – both edible and non-edible to bring back home to family and friends. Magsaysay Park for instance is home to fruit stalls that sell tropical and exotic fruits natove to Davao and the rest of Mindanao. Buy boxes upon boxes of Pomelo that are airline check-in friendly. By Durian by the box, or conveniently packaged frozen ones that are ready to be packed for your check-in luggage. Buy mangosteen by the kilo, and Marang by piece, plus bunches upon bunches of Lanzones in this area. The whole family will surely be delighted with these yummy and healthy finds! Check out the Rise of Davao City . Local Finds Head to Aldevinco Arcade to shop for Pearls, Malong, locally-designed artisanal Batik, beaded accessories and more. The good thing about this ...
Read more

Best Fruits to Buy When in Davao City

Image
Davao City is synonymous to Durian simply because most people will claim that the best Durian in the country grows in the province. Moreover, Durian is cheaper in Davao than most metropolitan areas in the Philippines, hence visitors who love durian bring it home for “pasalubong.” Durian may be pungent and weird looking but it comes with a list of health benefits. Mercola Food Facts wrote about the many nutritional benefits of Durian Fruit. “It offers phytonutrients, water, protein, and beneficial fats. While very low in cholesterol and sodium, it is rich in dietary fiber and is a good source of antioxidant vitamin C, which helps scavenge harmful free radicals and assists in your body’s resistance against infection. Durian is also considered an excellent source of B vitamins, including niacin, riboflavin, B5, B6, and thiamin.” Read about all of the benefits from the original article here . Apart from Durian, Davao is also rich in the supply of other tropical fruits. These fruits can...
Read more

Where to Eat the Best Durian Desserts in Davao

Image
Durian is probably the most famous fruit in and around Davao City. In fact, most local restaurants and coffee shops have their own version of a Durian-based dessert that keeps their patrons coming back for more. Durian Ice Cream for instance is one of the must-try desserts in Davao. This is because while durian flavored ice cream are already being sold by mainstream ice cream manufacturers, the local artisan-produced dessert has a stronger, richer, creamier and more authentic flavor. Places to try Durian ice cream is at Gioardino Gelato, Crocodile Ice Cream Shop, and at the Creamery Café. Durian-Based Pastries For Pie-Lovers, Durian Pie is also among the many Durian-based desserts being offered in local restaurants in Davao City. Sagay Ilonggo Restaurant inside Casa Leticia has one of the most sought after Durian Based Pies in the City. What makes patrons coming back for this pie is its authentic taste as if one is eating durian flesh in a pie crust. Cecil’s Bakeshoppe also offers o...
Read more