Bungalows are often seen as old-fashioned property types for people who are looking for affordable accommodation or are retiring. Mostly located in suburban neighborhoods, they are considered as the go-to home for growing families or old people who like the laid-back environment of the countryside.
However, a new breed of bungalow types is currently being offered on the market today to accommodate across home seekers, from a millennial who loves urban conveniences to a season real estate investor.
The “New” Classics
Ironwood Estates, a residential development in Batangas, recently introduced two new house and lot models which seeks to upgrade the current profiling of a bungalow.
The Darla, for one, is a one-floor housing unit that has done away with the veranda feature a typical bungalow would have. This bungalow type, however, opens many possibilities for the future homeowner who would want to either install a veranda to his or her liking, grow a manicured garden instead, or just leave it as is for the kids (or grand-kids) to have more room to play outside.
The Elize, on the other hand, is a marriage of a loft and a bungalow. This single-detached unit type offers more living space with a second story built into the home’s sloping roof. This bungalow type can easily be the perfect space for a family who needs more room to grow.
A Smart Investment
So is a bungalow worth choosing as a real estate investment? We think so, should these arguments attract you the most.
1. It comes at a lower price point.
For less than P2 million pesos, you can have your very own house and lot. That’s a pretty sweet deal, especially if your future home is situated in a dynamic neighborhood that you’ll easily fall in love with.
2. They sit on large parcels of land.
We did say house AND lot, right? A house and lot has always been an appealing investment when compared to the demand for other residential properties because of the piece of land that comes with it. Moreover, horizontal developments near urban areas require more land to build house and lots and accommodate future expansion for its residents.
Because of these…
3. They sell real fast.
Contrary to popular belief, bungalows in hot neighborhoods are shaping up to be a good investment. For people who wish to sell in the future and ensure that their property won’t languish or stay on the market for weeks or months, they are assured that there will always be that one home buyer out there looking for a house and lot for his or her next home.
4. They now come in in modern exteriors and more.
Bungalow units at Ironwood Estates are furnished with the latest modern exteriors like sliding glass windows, cool wall and roof colors, and beautiful stonework. You can even customize these exteriors to your liking.
5. It supports your every life stage.
Apartment-style buildings, gorgeous amenities, and close proximity to urban hotspots like malls and business districts can be attractive at one point for some people. But people who are looking to have a lateral move to accommodate every life stage, owning a house and lot is a way to go.
Explore how these new bungalow types can be your next home here.
