Is buying a subdivision lot a good investment?

[ragi]

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Guys ask lng ko sa mga maau mo invest of everything,
Investing in a subdivision lot bah is a good move karun? daghan man gud nag offer kana mga 50 to 100 sqm nya mag monthly kara ug ranges (4k to 8k) for 5 or 6 yrs.. Nya to think sa mga karaan pang tao daw nindot mag invest ug yuta.

BTW, ang area kay dre ra dapit cebu city. naa sa lapu2 and north dapit.

Thanks

[brownie]

Purchasing land inside a subdivision is a long term investment:

• Safe for your family.
• Nicer & friendlier neighborhood.
• Design your house to your heart's content.
• Bigger garage so owning multiple vehicles is an option.

Purchasing a condo (quite trendy rn for bpo people):

• Unless built by a reputable developer, there's no real soundproofing.
• Unless built by a reputable developer, finish is poor and cheap looking.
• Unless built by a reputable developer, your family's safety is in jeopardy.

Purchasing land outside of those two is a mix of good & bad:

• Urban poor lands are messy, unsafe & untidy but really cheap.
• Urban poor lands have legality issues & subject to eviction anytime.
• Urban poor lands are a good source of income for business-minded people.

Purchasing land away from the metro is also a mix of good & bad:

• Quieter & peaceful community, but you're far from the better hospitals found in the city.
• Better roads & traffic, but you'll get tired of long travels if you don't hire a driver later as you age.
• Closer to the beaches & other natural sources of fun, but you'll miss the city life where you grew up.
• Cleaner environment & less pollution, but petrol budget will take a good chunk off of your paycheck.

PS. Be weary of the low-priced pre-selling lots advertised by unknown developers/agents.

Source: I live around 27kms north of Cebu City

[santario101]

nindot na ts, basta palit lang jud didto sa masaligan nga developer ur broker.

[ragi]

Boss @brownie, @santario101 thanks kau sa inputs, naa lng ko follow-up question. How to know if ang developer or Agent kay licensed ba tawag ana nila?

Right now nag think ko d2 nlng ko mo kuha sa may lapu2 kalawisan na area. naa to g mention ang agent na 1 ra daw ang developer sa kato na lot and sa la aldea daw. naa ba cla documents ma provide na cla ng develop d2 na area.

[brownie]

How to know if ang developer or Agent kay licensed ba tawag ana nila?

Check their porfolio of finished estate(s) if they own a website. Shady developers who sell subdivided
lands in a price that seems so good to be true, are very vocal with their line of business. Mangumusta
ka sa ilang project, tubagon ka nga 3-4 years pa sugdan sir—likay gyud ani.

[santario101]

kung documentation lang, dapat accredited sila sa HLURB. mas maayo nga mopalit ka didto sa nga naa kay kaila nga nakapalit na nila. pero kung wala e research lang gyud, unya adto jud sa ila ofis ayaw nang mag meet meet lang sa coffee shop. nakatry mi sauna, we met a broker then adto mi sa ila ofis after. aw wala mi naabtan ug 5 mins sa ila ofis oi, hawshaw kaayo ug setup, so uli nalang mi diretso. trust your gut feeling, if it's too good to be true, it probably is.

[bot_yok]

yes... hapit na ko ma impas ... few more years ok na

[ragi]

Check their porfolio of finished estate(s) if they own a website. Shady developers who sell subdivided
lands in a price that seems so good to be true, are very vocal with their line of business. Mangumusta
ka sa ilang project, tubagon ka nga 3-4 years pa sugdan sir—likay gyud ani.

Ok boss @brownie, naa man cla office nuon then mo encourage pud cla mag pa onsite visit sa lot asa emu location then ongoing pa ang abuno d2 dapita. consider ba na legit na cla? kuyawan pud nko bzn kutob ra abuno nya dele gyud ma complete ang project.

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kung documentation lang, dapat accredited sila sa HLURB. mas maayo nga mopalit ka didto sa nga naa kay kaila nga nakapalit na nila. pero kung wala e research lang gyud, unya adto jud sa ila ofis ayaw nang mag meet meet lang sa coffee shop. nakatry mi sauna, we met a broker then adto mi sa ila ofis after. aw wala mi naabtan ug 5 mins sa ila ofis oi, hawshaw kaayo ug setup, so uli nalang mi diretso. trust your gut feeling, if it's too good to be true, it probably is.

Ana nlng guro boss @santario101, if ask2 nlng sako sa mga tao naa d2. or mo ask ug contact sa mga tao nka palit ug lot d2 na area.

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yes... hapit na ko ma impas ... few more years ok na

Asa na location emu boss @bot_yok?

[teoding]

depende sa subdivision. sa pagka develop og most importantly, ang location.

[brownie]

Ok boss @brownie, naa man cla office nuon then mo encourage pud cla mag pa onsite visit sa lot asa emu location then ongoing pa ang abuno d2 dapita. consider ba na legit na cla? kuyawan pud nko bzn kutob ra abuno nya dele gyud ma complete ang project.

Yes that's the problem. I'm not discouraging you to buy from those small or start up real
estate businesses, but they are the ones that create sub-par subdivisions and I do have
proof of that—anecdotal but as far as eye test goes, poor discipline. Many of these are
being built with funny names in my area. When the target ROI is achieved in 2 years via
pre-selling... they'd postpone turnover dates without hesitation. Even the development
would slow down.

In short, by virtue of our instinct, avoid shady developers with enticing offers such as no
DP straight monthly, zero interest, because you'd be suprised at the delinquencies and
other tax complications attached to the contract once you signed it.

My last two cents sir.