What Are The Things You Should Look For When Buying A Condo?

What Are The Things You Should Look For When Buying A Condo?

Checking out condos for sale along EDSA? That’s great but before you check out those units you should know what to look for when buying one. Are you merely looking at the building’s name? Or are you also looking at the practical aspects? To help you out, here’s a list of the things you should look for when buying a condo.

Location, location, location!

It’s all about location! If you work in, for example, Pasig city, why choose a place in Laguna? If your child is studying in Makati, why buy a home in Marikina? Always consider the distance between your new home and the places you frequently go to like your workplace or your relatives’ homes.

Is the Layout OK?

Remember that a condo is a long term investment; it’ll be your home for a very long time. So check the condo’s layout if it is alright with you, and don’t just rely on the blueprints. Inspect the sample unit or, if possible, the actual unit itself. Is the bathroom’s shower okay with you? How about the bedroom’s postion? Is the living room big enough for you? And check the floor plan of the condo. Know where the fire extinguishers are and the emergency exits are and if they can easily be accesed from your unit.

Know the Rules and Regulations

Do you have pets? How many? Check the condo’s rules and regulations about animals because some condos have policies regarding pets wherein they only allow each homeowner three pets only. If you’re planning to rent out your unit, what are the rules about this? How about the amneties? What are there rules regarding the pool or gym usage?

Scout The Neighborhood

When it comes to your home, you want to know what’s around you. If you have an elderly or sickly family member moving in, you’dwant to make sure there’s a hospital nearby. If you have children who still go to school, you’d want them going to a good and reputable school. If you bought your unit for the nice view, know if there are any buildings being built neaby that might obstruct that scenery. If you absolutely hate to cook and live on takeout food, check out the neighborhood if there are any good eateries nearby.

Look Up the Demographics

Investigate the people living in the building where you’re planning to buy a unit. If you’re a medical student, what you need is silence and peace. You don’t need a building with partying college kids. You don’t want loud, rowdy people living in the unit beside yours, no matter what age you are.

Understand the Maintenance and Association Fees

Some developers may charge higher than what you expected. See if it’s really worth it and if the building is maintained properly. You have to know if what you’re going to pay is really being used. You can do this by asking some of the homeowners if the management is really doing their job or by doing some online research.

Check Out Their Reputation

Thanks to the internet, you can now easily discover the reputation of the condominium’s developers. Do they deliver as they promise? Check the financial situation of the developer. Are they still well off or are they about to go bankrupt? Are there many complaints against them?

These things matter. A condominium isn’t just a flimsy toy you buy. It isn’t something you purchase for showing off. A condominium is a long term investment, a place you’ll call your home. So choose wisely.

6 Things You Should Remember When Buying a Condo in the Philippines

6 Things You Should  Remember When Buying a Condo in the Philippines

In a fast-paced world, living in condominiums can be the more practical choice. That way, you save both time and energy, since your unit might be situated near your school, office, or any other public places you need to go to. So whether you’re looking for condominiums for sale along Scout Area or in Makati, you need to remember these following tips if you want to really get your money’s worth.

Check your budget

There may be lots of condominiums for sale within your area, but that doesn’t mean they all come in the same price. So make sure you pick the unit you can afford, or else you’ll be in big financial trouble. Don’t stint yourself, though; there are still lots of condos with great qualities despite their low costs.

Consider the location

Aside from your budget, location is another factor you should consider when picking a condo unit. Is it close to your office or school? Can it be accessed through public transportation? Are there any convenience stores, eateries, fast food chains, restaurants, malls, or parks nearby? What about clinics or hospitals in case of emergencies? These are just some of the questions you need to answer before you buy a unit.

Get enough space

The size of the condo, as well as how many of you will live there, is also an important factor you should think about before buying the unit. After all, what’s the point of buying a 3-bedroom condominium if you’re the only one staying in it? And if you’re planning to start a family, a studio-type unit wouldn’t be large enough, would it?

Check security features

But condominiums shouldn’t just look and feel comfortable; it should also be safe enough for its inhabitants. Safety is included in Maslow’s hierarchy of needs, after all! So while checking out various condominiums, best observe if they have security guards and strict protocols regarding the safety of the homeowners. Other security tools and facilities like security cameras and admin offices should also be present.

Know the project’s developer

There are lots of real estate developers here and there, consisting of both reputable and new developers. We’re not saying that condominiums made by new contractors are problematic; it’s just that with known veteran project developers, you can better rest assured that your investment is safe and sound.

Get advice from reliable and licensed real estate brokers

Lastly, when buying condominium units, you shouldn’t forget to consult the experts. Engaging with a reliable licensed real estate broker will give you an assurance that the condominium unit you’re buying has good quality. Not only that, when a mishap happens, there is a high chance of you winning the suit because the real estate broker knows how things work in the real estate business.

Believe it or not, buying condominium units in the Philippines isn’t thathard. In fact, the only thing you need to worry about is choosing the perfect one from among many choices! Just make sure you follow these tips and you’ll soon be moving into your new home.