Financial Planning for #CondoInvestment


Investing in real estate properties, including condominium units, is a smart choice for beginning and experienced real estate investors alike if done properly. Whether your purpose is for home living or having your property rented to future tenants for passive income, it’s never too late to consider a condo investment.

But not needless to say, this requires financial planning, which means making informed financial decisions instead of letting your impulsive thoughts get the better of you. In this blog post, we provide you with year-end strategies to attain your dream Asterra property in Pampanga, Cavite, or Laguna. We’ll also discuss the importance of financial planning to reduce potential risks for a healthier financial well-being for you and your family.

What is Financial Planning?

Financial planning is a process involving the careful management of one’s finances before anything is spent or allocated. This means having an actual plan on how you would manage your money effectively, your best course of action when issues arise, and everything related to smart money management.

Are you going to save money for your kid’s future college fund, start saving for a car purchase, financially prepare for retirement, or venture into real estate investments? Having a comprehensive financial plan will help you deal better with the hassle and heartbreak of being in a position of economic hardship as a result of failure to have a sound financial plan.

There are different types of financial planning, including, but not limited to, estate, retirement, education, insurance, investment, and tax planning, each of which focuses on specific financial goals, such as reduced taxes for tax planning, protection from financial losses for insurance planning, steady monthly cash flow for investment planning, and financial security for retirement planning, among others.

When in doubt, consider seeking professional help from licensed financial advisors and financial planners who can take the huge stress out of financial management.

Financial Planning Year-End Tips to Attain Your Dream Asterra Condo Investment

If you’re planning to buy a condo from Asterra, one of the newest condominium brands to enter the local property market in the Philippines, the following are factors you need to consider before finalizing your decision.

Calculate your total net worth

Your net worth is the amount of both financial and non-financial assets you own, to be subtracted by the liabilities you owe, according to Investopedia. Gauging your total net worth allows you to have a clearer view of your current financial situation and make a solid plan from there.

Set a clear plan and purpose

First off, you need to set a clear plan and determine what your goal or purpose is. Why do you want to invest in a property? Are you looking to earn passive income through real estate investing? Or are you simply wanting to have a new home you can reside in and start a new life? This is an important question to ask yourself as this will help you take the next best steps for financial success.

Aside from these, you must also include all other financial goals you have for yourself and your family, including a college fund, healthcare insurance, and building an emergency fund for unforeseen expenses or financial emergencies.

Take note of your monthly expenses

This sure isn’t as enjoyable as checking out a new dress or gadget, but monitoring and recording your expenses on a monthly basis will help you track your spending habits and make adjustments as needed. For example, if you overspent on non-essentials last month, you can focus on minimizing these expenses and try not to fall on the FOMO that social media tends to feed us with that often if not always ends up in impulse buying. With that said, this can help you increase your savings by reducing your unnecessary expenses.

For investments, consider the risks involved

Let’s say you’re investing in a condo for sale in Philippines for the purpose and prospect of earning passive income. If that’s the case, you need to consider the risks involved, one of which is the sheer fact that this is a major financial expense, and that having a financial return may take time.

As such, you might want to consider diversifying your investment portfolio by looking into the financial market and analyze local market trends for investment opportunities that contain lower risks, best for newbie investors. One good example are real estate investment trusts (REITs), a venture that allows you to invest in properties without having to own or manage one.

Factor in your other financial obligations

Do you have current financial obligations that may be adversely affected if you prioritize to pursue this investment path? If you’re keen to have your future condo property a priority goal, this may mean having to delay your other financial responsibilities. But the most important thing here is having a financial safety net to fall back to, like an emergency fund, in case your current financial ventures won’t succeed, and that paying off existing debts, if any, must take precedence before venturing into a major investment scheme.

Invest in a value-priced condominium with top-quality amenities

If you want your investment for a condo in Philippines to be truly worth the large expense, choosing a value-driven condominium with top-quality amenities is a choice you won’t regret. At Asterra, our condominium communities are equipped with a swimming pool, fitness center, clubhouse, a landscaped garden, play area, and round-the-clock security—the best value for money.

Apart from it, it’s the close proximity to commercial establishments and institutions that can make daily living much more bearable and convenient for condo dwellers. These establishments and facilities include supermarkets, hospitals and clinics, academic institutions, local tourist spots, cafes and restaurants, and LGU offices, among others.

This 2024, you can claim your Asterra condo property without compromising your other financial obligations because of its affordability and quality. Get in touch with one of our sales representatives for more information. Stay up-to-date with the latest news and tips from our websites, including upcoming Asterra developments in a number of cities and provinces nationwide!

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