What are the advantages / disadvantages of purchasing a Lancaster Condotel over purchasing typical rental properties in the Philippines?
Advantages include: • Hassle-free ownership; No landlord issues • Rental revenue to offset some or maybe all ownership expenses • A vacation home available for use whenever you want • A real estate investment at a time when other investments may seem less attractive • Strong likelihood of appreciation specially when purchasing at preconstruction stage • Pride of ownership • Easy to resell units through the Condotel operator Disadvantages include: • Pets are not welcome. • Advance reservations are required to guarantee availability in case owners unit is rented.
