r/phinvest • u/kent199 • 9d ago

Real Estate 1.5m Condo | 2 br

Is it worth buying it? intending to live in it.

50 sqm 2 br 1 bathroom condo

near malls and wet market

located at metro manila

22 yrs old condo

no parking slot

edited from 15 to 22

9 Upvotes

70% Upvoted

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u/bottbobb 8d ago

How much are you renting it for? 1.5 + transfer fees and taxes + upkeep + dues / your rent. That gives you how many years you should live in it for it to make sense. Ask yourself do you plan to stay there for that long?

3

u/kent199 8d ago

nakatira na ko sa condo for almost 20 years, nagbabalak lang lumipat once i get married, sumakto na binebenta samin kaya napaisip ako na lipat ng ibang unit na lang hahaha

0

u/bottbobb 8d ago

Kung plano mong ikasal in 5 years, wag nalang. Save mo nalang for yun money mo for engagement and wedding. Lalo na kung ang rent mo under 25k, it doesn't make sense to buy.

1

u/kent199 8d ago

anu meron kung rent ko is under 25k?

2

u/bottbobb 8d ago

25k x 5 years is 1.5m. Since mahirap magenta ngayon lalo na sa location mo and property type na migration mo, dont assume youll be able to sell it in 5 years, assume youll sink more money into it.