Choosing a lot to invest in or to build a home is crucial in many ways, both in home building and revenue generation. Unlike buying single-family homes or condo units, there is not much customization you can do to a bare lot if construction is not yet factored in so it is important to strategically choose the right lot for you. Out of the many developers who offer lots for sale, One of the country’s top developers, Greenfield Development Corporation, has 3 developments that offer excellent choices for empty lots. While the perfect lot may differ according to the potential buyer, there are some general reasons which make a lot favorable. Here are reasons why Greenfield offers the ideal lot for sale.
Paramount Location
It is believed by many real estate investors that a property’s location is the single most important factor in determining the appraisal rate of the property’s investment value. Without a good location, the data or selling points of a property will become irrelevant especially when buyers and renters start to lose interest in the area where the property is located. This is true for all forms of real estate – condominium units, single-family homes, commercial buildings, and even empty lots.
The price of your lot often comes hand in hand with its location. When it comes to investors, most of them value location more than the price of a lot as a hefty price tag may seem nice, but a prime location will always be better as it will dictate everything about the property.
If a lot is in a location with great demand, it can sell at a higher price. Whereas if that same property is located in an area with lesser interest, it will not have the same appeal and not be in demand, so it may be priced lower for it to be sold.
In short, Lots in better locations have higher price tags and more profitable expansion options in the long run.
The criteria for a good location may be subjective, depending on who you’re talking to, but some objective factors determine a lot’s value. As land is a finite commodity, places with too much going on and no room for expansion or development tend to have higher prices compared to places with the promise of expansion. Most of the time the lot prices in these over-developed areas are already at their all-time high and tend to be harder to sell when overpopulation sets in.
Good Neighborhood Ambiance
Another basis of an ideal location is the neighborhood surrounding your land. Accessibility to key locations, the appearance of the neighborhood, and the amenities are among the factors to consider a great neighborhood. Most of the time, merely looking at the neighborhood will allow you to determine the cuts and sizes of the lot for sale in the area.
When it comes to accessibility, neighborhoods with multiple entry points that are near major transit routes such as main roads, train stations, highways, and bus stops are favored by investors as properties with easy access to roads and public transportation are more appealing to lots in hard to reach areas that can be accessed through a single commute route. Lush greenery, parks, and pedestrian-friendly spaces also add to the attractiveness of a neighborhood.
Another factor that determines a good neighborhood is the nearby amenities that house essentials and creature comforts such as groceries, lifestyle centers, retail stores, restaurants, and fitness centers. This attracts foot traffic and revenue in the community, which may lead to better appraisal values in the area.
Greenfield City houses 3 developments that offer prestigious bare lots located in the heart of the country’s Lion City of the South, Sta Rosa, Laguna. The properties, namely Trava, Pramana Residential Park, and Solen Residences, are surrounded by a balance between innovation and the kiss of mother nature. In the midst of relaxation and serenity within the surroundings are establishments that will definitely make its residents keep up with the city life as it is located near close to Paseo, Laguna Central, and Arcadia, three lifestyle establishments where restaurants, bars, cafes, and outlet stores, and shopping strips with sprawling open spaces and lush greenery are located. Greenfield City’s 400 hectares of a self-sustaining network of residential, commercial, industrial, and recreational communities puts a premium on open spaces and nature and offers a refuge for those who are looking for a refreshing shift in scenery and lifestyle outside of Metro Manila.
In terms of accessibility, residents within these properties will definitely enjoy the distance to key areas. Greenfield City is located near shopping centers such as Arcadia, Laguna Central, Vista Mall, Ayala Malls Soledad, and Soledad 2. There are also nearby schools such as Ateneo Graduate School of Business and Acacia Waldorf School. In times of Medical emergencies, residents can rush to nearby hospitals such as The Medical City South Luzon, China Bank-Sta Rosa Hospital, and Asian Hospital. The vicinity is abundant with nearby golf courses such as Ayala Greenfield Gold and Leisure Club, The Country Club, South Forbes Golf Club, and Sta Elena Golf and Country Club. With the nearby establishments, residents may enjoy spending more time with their loved ones instead of being on the road
Residents living within Greenfield City are also living in close proximity to the Paseo Outlets. They are the pioneer and biggest outlet retail destination in the country which provides a genuine experience of value shopping to customers. It houses more than a hundred (100+) premium international and local brands from clothing, shoes, bags, furniture, and luggage. They also house restaurants, cafes, bars, and fast food chains which makes Paseo Outlets a bonafide lifestyle hub, offering shoppers a wide range of choices when looking for their needs and creature comforts, while letting them wine and dine right after. It is also surrounded by a sprawling green environment and wide open spaces, allowing you to breathe in the fresh air as you stroll around its wide array of stores. There is also an al fresco space that is usually frequented by people because of the various activities to be done within.
Aside from its close location to key areas, Greenfield City is easily accessible, especially to people coming from Metro Manila. Greenfield City is close to 3 exits of the South Luzon Express Way (SLEX), the Eton exit, and the Sta Rosa exit. It is also along the Tagaytay – Balibago road, which gives residents easy access to Tagaytay, a popular holiday town south of Manila that sits on a ridge above Taal Volcano Island and is known for its cool climate. It is a common destination for people who wish to unwind through a quick getaway. With close highways and main roads, residents can easily commute and drive to their loved ones as they are easily connected to many cities in Luzon through SLEX.
Because of its pristine location and a neighborhood that brings the needs and creature comforts of every resident within, Greenfield showcases the Ideal investment lots that may benefit both investors and its residents.
To learn more about Greenfield’s lots for sale, click on the link below:
References:
- https://www.fortunebuilders.com/location-important-factor-real-estate/
- tagaytay.gov.ph