Affordable Condo Tips: Finding the Best Choices in Cavite

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In need of an affordable condo in the Philippines?

The availability of budget-friendly properties in Metro Manila is at an all-time low, and you deserve to have options that don’t break the bank. If you’re on the lookout for nearby locations that offer suburban living with urban convenience, then you might like your choices in the sprawling province of Cavite instead.

Tons of top developments and friendly neighborhoods await you in this bustling region of Luzon. Discover pricing, transport access, and infrastructure growth in Cavite when you check out this guide by Condo Arena today.

Cavite Condo Market: Why more buyers are moving south

There’s a lot of suburban value waiting to be unearthed in this rapidly developing real estate market in the south. Check out this section to discover the value and benefit of investing in properties in Cavite today.

The current condo market in Cavite

Here’s a quick rundown of the current market situation in this massive province of southern Luzon:

• Price ranges per square meter – Given how huge this region is, comprising eight major cities alone, it’s not surprising that there’s a wide range of prices per square meter across the province. But by taking a look at the Property List of developments in the area, you’ll find that prices can range from Php95,000 to Php190,000 per sqm, based on your choice of city and developer.
• Cavite vs. Metro Manila prices – When you conduct a Real Estate Comparison of properties between Cavite and Metro Manila, you may find a massive difference between the two regions’ prices. A 50-sqm house-and-lot in the former can cost the same as a 20-sqm studio unit in the latter, speaking to the huge divide between location prices for the average buyer.
• Common downpayment and financing terms – Much like any property for sale in the Philippines, you’ll find that there’s a wide range of purchasing and financing terms available for all kinds of investors. Depending on your developer, there are options for Pag-IBIG housing loans, bank loans, in-house financing, and other flexible payment methods.

Why it’s an ideal location for a condo investment

Here are the main reasons why this sprawling region of Luzon is such an ideal location for real estate investments today:

• Strategically located cities and infrastructure – As mentioned before, this province is home to several major cities, from tourist destinations like Tagaytay, Kawit, and General Trias to important economic zones such as Bacoor, Imus, and Dasmariñas. Major infrastructure projects like the LRT-1 Extension (Phase 2) and the South Luzon portion of the North-South Commuter Railway mean that the region is perfect for commutes and accessibility to Metro Manila CBDs.
• Affordable developments - There are also a ton of opportunities for Philippine property in the region, with many notable developers making preselling and ready-for-occupancy (RFO) condos available between the ranges of Php3M to Php5M. These trusted developers offer value-for-money projects, perfect for Filipinos in need of affordable housing options near the metro.
• Weighing the pros vs. cons – Of course, it’s important to note the cons of living in this region so that you can gain an informed perspective. The cons of investing in real estate here include the potential length of your commute, if you need to work in Metro Manila and are dependent on public transport. The resale market may not be as strong here as it is in the metro, either. However, advantages still include affordability and improved livability, with newer developments and infrastructure making this region a burgeoning real estate corridor for first-time buyers, commuters, and OFW investors.

Affordable condo living in Cavite

Want a better idea of what it’s like to live in this part of the country? Check out the next section to understand how this province offers an affordable and sustainable lifestyle for its wide range of residents.

What life in Cavite is like

Here’s a short but comprehensive look into what life is like in this southern Luzon region, so that you know exactly what to expect as you invest in property:

• Cost of living - The cost of living in Cavite is relatively low when compared to cities within the neighboring region of Metro Manila. For example, groceries are 28.1% lower than those of Manila, while utilities are 35.1% lower too. When compared to Makati, groceries and utilities are lower by 29.2% and 28.9%, respectively.
• Schools, hospitals, and shopping centers - The region is highly urbanized, with schools, hospitals, and shopping centers located across all its major cities. Notable institutions include De La Salle University–Dasmariñas and Far Eastern College–Silang, making the area perfect for families who want to send their kids to great schools.
• Local leisure and weekend destinations - A big draw for investors is the province’s proximity to local leisure destinations. Not only is Tagaytay a top tourism LGU in Cavite with tons of traction, but the region is also conveniently located near popular beaches in Batangas, making it incredibly easy to enjoy a weekend vacation at one of the neighboring province’s many tropical getaways.

Comparing Cavite condo prices in the Philippines

If you’re seriously considering a property purchase here, then make sure to compare your prices comprehensively for the best investment possible:

Considerations before buying a condo in the Philippines

Thinking of buying a unit? Make sure to take these vital tips into consideration first before you commit to a condo in Cavite:

• Verify developer legitimacy and project permits - This consideration always applies, no matter where you’re buying a condo in the Philippines. Talk to your developer, do your own research to verify the legitimacy of their project, and make sure it has all the permits necessary so you can enjoy a safe and worry-free lifestyle in the south.
• Evaluate transport convenience and neighborhood safety - Assess your own transport situation and see if a home in southern Luzon works for your work or school needs. Take a look at your neighborhood too, to see if it’s conducive to you and your loved ones’ lifestyle.
• Check turnover schedules, HOA fees, and contract details – Before investing in any property, make sure to review and finalize all details in your contract. These should include all your fees, terms, and turnover schedules; be as thorough as possible so that your purchase experience is as smooth and as enjoyable as possible.

Lastly, make sure to consult with a professional property lawyer, experienced agent, or financial adviser ahead of time so that you gain great insights and make the best real estate investment possible.

Finding the affordable condo of your dreams

Discover the affordable condo of your dreams down south. Take these final tips away with you as you take a look at investment options in Cavite:

• Consider your budget. Real estate options tend to be much lower in locations outside Metro Manila. Take a look at your budget and see if condo choices in southern Luzon are better for your wallet than those within the hustle and bustle of the country’s capital.
• Take travel time into consideration. If you’re worried about the distance from major CBDs, calculate how much time and money you’d be willing to spend on commuting or driving to and from your prospective home in the south, versus how much you’d spend on rent within Metro Manila.
• Consult with a real estate agent. Connect with experts and ask them what they think of your financial situation, so that you can always get a second opinion on your real estate investment.

Ready to find an affordable home in the Philippines? Check out Condo Arena to find every option available to you right now.