Income Producing Properties in Dumaguete City
Any real estate bought at or below market values is usually a good investment, however if you can add income generating revenue to the equation the net result is usually well above average return on investment. nike air max tavas With rental properties one of the key determining factor to these high ROI’s is vacancy rates. nike air max 1 You just don’t have to have a business degree to understand the logic that the lower the vacancy rate, the higher the revenues and subsequently the higher the returns. moncler pas cher When looking for investment properties, it is important to research carefully the market in which you will be investing. soldes puma chaussure In the case of Dumaguete City, its elevation to prominence on the world stage after being singled out by both Forbes Magazine and Yahoo as one of the top 5 places in the world to retire to, the effect has been dramatic. For years the rental market was stagnant, as the main population influx was seasonal and reflected in the vacancy rates. Timberland Pas Cher During the months of approximately December to April “snowbirds” flocked to the city for temporary stays in warmer climates and at that time it vacancy rates were in the low single digits. However for the remainder of the year it was a tenants market and the rental unit choices abundant. With landlords looking at vacancy rates in the 20-30% for six months of the year, there was little incentive for investors to build new units. With the explosion in popularity of Dumaguete City and surrounding Negros as a retirement destination, the fundamentals of a rental income generating property in the area have changed considerably. Currently, even though we are in what has usually been considerred the slow season, there is a vast shortage of rental units available. Though anything resembling accurate statistics in the Philippines is difficult to obtain, with my wife being in the real estate business, the anecdotel evidence is hard to ignore. On average she will receive upwards of 10-15 concrete inquiries per week and 95% of those she is not able to satisfy. Simply put, the availability of western standard rental units in an afforadable price range is virtually non-existent. timberland soldes As it looks like there will be little slowdown in the exodus to Dumaguete City, the question now becomes, is it a good time and place to be in the rental unit business and the resounding answer is, not a doubt! To those of you who would like to explore this investment option, we can suggest an immediate entry by purchasing an established income property such as those listed below. bottes timberland For others, a second option will be the purchase of a land and the development to custom specifications of a rental units. For those, please feel free to visit our Construction and Development website at NEGROS CONSTRUCTION.COM where we can help you from feasibility study, to design and construction and ultimately rental of your units to responsible tenants.