Property management maintains the value of a condominium

Those who live in a condominium as a primary residence want to make sure that their home serves as a lasting store of value; while those in the market for investment naturally want to enjoy high and consistent rental potential. This is where property management plays a crucial role in helping meet all these expectations.

At Pacific Plaza Towers, for instance, property management remains a critical aspect of maintaining its high market value.

As one of the iconic high-rise residences and a pioneering vertical community in Bonifacio Global City, the standards Pacific Plaza Towers has set for property management of an upscale condominium has endured for more than 18 years since the development was completed.

Just what does property management entail?

It primarily involves looking after the condominium as a physical structure or asset. This covers the usual tasks of ensuring that the common areas, facilities and amenities are clean and in working order; and that the building’s technical and operational aspects are running smoothly at all times.

At the same time, property management also means providing a safe and secure environment.

In Pacific Plaza Towers, for instance, residents enjoy a wholesome and friendly community atmosphere. The condominium recently underwent a renovation of its amenities such as its pool, jacuzzi and garden area — creating a landscaping masterpiece that exudes a resort-like environment.

It is this intangible factor of a welcoming community that sets condominium properties like Pacific Plaza Towers apart and that enables it to keep its prestige, more than mere market factors of location, price or amenities.

The other element of an effective property management is an efficient and trustworthy staff. Aside from technical expertise, the dedication of each team member to respective duties is essential.

Since property management staff are also privy to the activities of unit owners and the entire community, personal integrity is a non-negotiable trait.

The value of the property is hinged on the capacity of property management to take care of physical assets and to provide outstanding customer service.

As such, together with the steady growth of the real estate industry, the allied industry of property management continues to expand and evolve as well.