Why is Accessibility of Property Important in Real Estate Purchase?

When we talk about accessibility, the first thing that comes to mind is convenience. You can get into places without extra effort and do what you have to do. However, if you associate it with today's living, accessibility becomes a luxury. But, the importance of considering accessibility in real estate is a must.

Most house and lot in the Philippines are pretty far from the city's center and nearby public amenities. If you prefer modern homes within the urban areas, they can either have small bedrooms or too expensive to purchase. Hence, it can be a risky investment.

Now, is it possible to buy an affordable house and lot for sale, offering accessibility?

The answer is a big YES, as long as you know how you determine accessibility for your preferred new house and lot property.

What Does Accessibility of Property Mean?

Having a dream home with multiple access to several establishments and general public amenities is one of the contributing factors to how the property is being valued. A property can be appraised at a higher price if you're selling it. You can even brag about higher rents if you plan to rent it out.

Thus, the property's accessibility can also help you earn money or profit in time.

But, accessibility and location of the property also go hand-in-hand. Besides giving value to your property, it provides a return on investment in the future. These two basic requirements, however, must also be associated with safety and neighborhood identity. A property may have both, but is your family or children safe from crimes and untoward accidents? So, before you consider other factors, the first and foremost should be the location's security. 

Other importance of accessibility is also needed for a person with a disability or people with existing conditions. With homes near health care and other building facilities, they can visit for necessary check-ups and other activities. Hence, it provides mobility and helps them feel at ease.

5 Factors to Consider When Buying a Real Estate Property

How much work and price cost estimate will it take if you opt to construct a home project based on your preferred location or for some good reason? Sure, you can acquire a bank loan to spend on construction supplies and materials to meet the lifestyle you want. But you already know the idea that you also have to spend on space upgrades and expansions. In the end, this makes your life stressful as you cannot save money on other expenses.

While homeownership can be a wise decision, some considerations about location and accessibility must balance your living costs and lifestyle. Understanding these factors is a must whether buying new ones or purchasing older homes.

1. Home To Suits Your Needs Including Monthly Mortgage Payment

Generally, real estate brokers and agents will always pitch to sell their featured real estate properties accessible to business centers and top tourist spots. They always persuade you that this particular housing community offers an affordable house and lot because of its accessibility.

Remember that you have to pay mortgages once you purchase a house. A mortgage payment that lets you pay irrelevant needs is not cheap at all. Much worse, you'll have no wiggle room to pay additional home expenses outside your budget.

Therefore, consider houses that suit all your needs. Don’t choose a home near schools if you don’t have kids. Keep away from houses near urban areas if you choose a peaceful retirement place. 

2. Home Location Nearby City Centers

The only reason most people move from one place to another is to get closer to their source of livelihood or job. But, expect that a new home within the business district is significantly expensive.

If you don't want your money or finances hit rock bottom, choose home locations near the city centers. Many residential communities are strategically located near the key cities and neighboring provinces.

Lumina Homes, for instance, have housing communities a few minutes away from the Metro.

3. Ensure Your Dream Home is Also Accessible

Some housing communities have limited road access going to their site. A vehicle can’t even pass by, or homeowners must cross labyrinth-like streets before arriving home. Hence, consider a home where your friends and family can easily find it.

Note that the time will come you will host special gatherings and invite guests. Providing the right direction is confusing if your dream house is not accessible.

4. Home Near Commercial Buildings and Establishments

You have your living needs, right? Therefore, you must consider a home close to public markets, shopping malls, places of worship, recreational and entertainment areas, and financial institutions like banks. It can be tiring to travel for the purpose of buying groceries or too exhausting to drive going to hospitals for emergencies.

So, an essential feature of the best accessible home community is having near the public transport terminals and road infrastructures. This makes it easier for you to travel or drive near commercial establishments and much better if it provides 24/7 transport services.

5. Home Closer to Nature 

Do you know that having a house closer to nature provides many benefits? A home with access to green spaces can affect your mood. It helps you improve your memory and focus and reduces the risks of untimely death. Thus, nature promotes stress relief and increases pleasantly feeling. So, if you might be looking for the best place for retirement, consider a property accessible to nature.

On the other hand, having a home closer to some of the best tourist destinations in the Philippines is also an advantage. If you plan to invest in a buy-and-hold property, you can convert it into a transient home or house rental for travelers and visitors.

Now that the country’s economy is bouncing back to normal, more foreign visitors and local tourists travel to the Philippines for a short and fun vacation. As a result, you also earn from home accessible to nature.

Accessibility and Location Packaged As One in Lumina Homes

Believe it or not, only a few residential communities in the Philippines offer both features. Lumina Homes, a multi-awarded housing arm of Vista Land, provides numerous modern model houses suitable for Filipino families. You can choose from our 50 locations nationwide where you see yourself fit and enjoy all the perks of buying a property in Lumina. 

Furthermore, Lumina Homes has a 24/7 security guard roving around for monitoring. Upon entering the site, they strictly implement identity verification protocols when someone visits the main entrances. Rest assured, your family and property are safe and secure from unfortunate incidents.

When it comes to accessibility, Lumina made sure that these properties are in close proximity to most of your needs. It includes commercial establishments, public markets, schools, hospitals, police stations, roads, government offices, new construction, and other ongoing infrastructure projects. Lumina Homes also has parks, playgrounds, a multipurpose hall, and a covered basketball court.

So, what else is missing? Everything is packaged as one in Lumina Homes. Contact our accredited sellers today for more information and details.