“I think millennials are a generation, unlike anything we have ever seen on this planet.” –Chelsea Krost
Without a doubt, the rise of the millennials has contributed to the upsurge of real estate developments devoted to solitary living. Although Filipinos still staunchly stand by the ingrained tradition of having children live at home until their married, many of the Millennials today are doing otherwise. This is because millennials, much unlike their preceding generations, have elected to live an entirely independent lifestyle that the demand for affordable and adequate living spaces has seen a rise in the last decade.
It is precisely this phenomenon that we can attribute the recent proliferation of many real estate developments to. In fact, most developers have been erecting condominium towers in almost every nook and cranny in major cities. But, what sets apart a condominium unit from an array of residential living selections? What makes it so appropriate for millennial living and millennials themselves? Well, if you are looking for a good place of your own, you might want to take a gander at the reasons for buying your condo below. This especially rings true for individuals who are in their twenties or thirties.
1.) Meeting new people
The majority of millennials are incredibly social creatures and living in a condo would appeal to them as it gives them an avenue to meet new people. In most cases, condo living means that only a wall would be separating you from your neighbor and unlike most home residential developments, you would be living in proximity to them. Additionally, when all of the units are sold, you will have a lot of new neighbors and a lot of new people to meet. Apart from that, condominium towers are built near business districts and entertainment hubs that it would be easy to find individuals milling about that it would be easy to find individuals who share the same interests as you. Condominiums are also known to have social gatherings for special occasions such as Halloween, Christmas and New Year as a way for residents to gather and mingle.
2.) Enjoy a great lifestyle
Living in a condo practically means you do not need extraneous memberships to a pool club or the gym. Book buffs and skin care enthusiasts are not left out either as many condominiums nowadays come with library and spa facilities. Each condominium development would have something unique to offer each, and it is only a matter of selecting which one is most appropriate for you.
3.) Save more money
Contrary to popular belief, owning your condo unit is not more expensive than renting. It may be not readily apparent at first glance, but if you think of the long-time returns, you will eventually realize that investing in your own space is more cost-efficient than paying rent. Your monthly rental could actually serve as monthly mortgage payments for a condominium unit you would eventually own. Today, there are a lot of condominium developers offering flexible payment schemes that are friendly to your budget.
4.) Have security
Your safety and security are of paramount concern to the condominium developers which is precisely why you do not have to worry much when you have to leave your home. Condominiums have a stringent security policy and would have roving guards patrolling from time to time. Apart from that, most condominiums would even require visitors to leave an ID when visiting. All these so that you can rest easy knowing you are in safe and secure hands while you are at home or not.
So, if you are looking for your own condo space, take a look at some of the units offered in the high street south block, and you might just find a condominium that suits your lifestyle perfectly.