What are the ways to earn money from Kingsquare Residential Suites Condo?
- Rent or lease out your unit
- Customize your unit
- Rent out your parking space
- Sign up on Airbnb
Buying condominiums are one of the biggest investments anyone can make in their lifetime. Apart from investing in the future, owning a condominium can also provide new streams of income. During these unprecedented times plagued by a health crisis, many people are looking for ways to earn more and boost their investment portfolios. This is why we’ve rounded up 4 ways to earn money from a Kingsquare Residential Suites condo.
As one of the top condos in the Philippines, Kingsquare Residential Suites is a 19-story L-shaped tower residential project strategically located at the heart of Manila. It is set to be the next best thing to come to San Lazaro Tourism and Business Park. So how exactly can you earn money from your Kingsquare Residential Suites condo? Read on to learn more.
Rent or Lease Out Your Unit
Investing in a condo is one of the most popular and wisest ways to earn money today. The best thing about real estate investments is that they are bound to appreciate in value over time.
Megaworld Manila specifically master-planned the Kingsquare Residential Suites condo to gain high investment value through renting. It is expected to have a high occupancy rate among expats, local employees, tourists, students, and even families who are looking for accommodations that meet their needs. For good reason, the condo is backed with several living advantages such as a convenient location, high-end unit options, premium amenities, proximity to public transportation, and flexible pre-selling payment options.
Kingsquare Residential Suites is located near the Manila University Belt area, which is why students will be your rental market. The working population who values being nearby workplaces in Manila will be your market as well. Families who want premium amenities, such as fitness gyms, pools, function rooms, Wi-Fi study rooms, and parking, playgrounds, are a potential market too. You can simply rent or lease your Kingsquare Residential Suites unit to earn money.
If you don’t have enough capital, you can purchase a unit with a relatively small amount of money. A condo with a 5% to 10% down payment is bound to appreciate in value. So once you place a down payment, you can choose to have your unit rented out immediately. You can earn money every month through a long-term lease contract and the fee you receive can be used for monthly amortizations or to cover other expenses including maintenance and taxes.
Customize Your Unit
In relation to renting or leasing out your unit, you might want to consider customizing it as well. Real estate properties, including condominiums, can increase in value with the right alterations.
At Kingsquare Residential Suites, the units will have a video-phone communication system, fire sprinkler system, and other basic features. You can simply furnish your unit to better cater to your target market’s needs. For example, if students are your target tenants, you can furnish your unit in a way that is conducive to studying by attending study tables and chairs. It is also easier to attract tenants with a furnished condo. Busy local employees and expats likely don’t want to be inconvenienced with furniture and appliance buying.
Rent Out Your Parking Space
As you would expect from one of the top condos in the Philippines, the Kingsquare Residential Suites units have options for parking spaces. The parking spaces have separate titles from the unit itself. If you have one, you can easily money by renting out your parking space. If your current tenant does not need parking, you can rent out your parking space to earn double.
Sign Up On Airbnb
Similar to the concept of renting out your home, Airbnb is a platform for earning money by welcoming tenants from all over the world. It is a global online market for lodging and vacation rentals. Given that the Philippines is a country incredibly rich in tourist spots, like white sand beaches, caves, underground rivers, delicious cuisine, friendly and English fluent locals, and vibrant festivals, it is a good move to sign up your Kingsquare Residential Suites unit on Airbnb. The Kingsquare Residential Suites is a hotspot for rental accommodations because it is located in the country’s capital. It is easy to head to the airport, 5-star hotels and casinos, as well as the biggest malls.
Key Takeaway
Here are some of the ways to earn money from your Kingsquare Residential Suites condo. You can turn your investment into something lucrative today. Find out how rewarding this investment truly is by getting in touch with Megaworld Manila. If you want to contact our customer service team, click here!
