Consider your short-term needs and long-term goals. Evaluate your goals in life before buying a condo. While a condominium is a premium investment and a cost effective housing option, you cannot bank on the possibility that it can be passed on to your children 50 years into the future . Think about the next five years, and ask yourself questions that will create a drastic change in your lifestyle in the future.
To know more about our condos for sale visit my website today.
2. Consider your short-term needs and long-term goals.
Evaluate your goals in life before buying a condo.
While a condominium is a premium investment and a
cost effective housing option, you cannot bank on the
possibility that it can be passed on to your children 50
years into the future .
Think about the next five years, and ask yourself
questions that will create a drastic change in your
lifestyle in the future. Will you be married then?
3. Do you have plans to move in five years? Are you
planning on changing careers in the next few years? All
these will help you decide whether you should invest
on a condo and what type you will buy.
Learn about the prices of properties in different
locations before deciding on a place to settle down.
Location is a very crucial factor in selecting your unit,
mainly because where you choose to live will shape the
lifestyle that you will have.
4. However, different locations especially in the Metro are
priced differently depending on the area. Properties
near the central business districts are higher than
those farther away.
For example, the selling price of a three-bedroom unit
in Makati can go from PHP 14,500,000 to PHP
25,785,000. While the same unit for sale in Bonifacio
Global City average between PHP 13,500,000 to PHP
29,500,000.
5. Aside from condominium prices, the cost of living also
varies in different locations. Choose the type of unit
that best suits your needs.
The great thing about buying a condo in the
Philippines is that you have a lot of options to choose
from. Aside from the many existing condominiums in
the market, there are also pre-selling condos that are
readily available.
6. However that same factor can also hinder you when
you start searching for your ideal residence. Because of
the number of options, you may find yourself
gravitating towards cheaper alternatives or more costly
ones just because they have amenities and features you
think you might need.
Bear in mind that you are in control of what condo
you’ll buy. Don’t settle for second best when you can
have the perfect one by simply being very discerning
about your decisions.
7. Gather all the information you need before signing a
contract. Buying a condo unit entitles you to a
building’s services and amenities.
Thus, you are also responsible for a portion of the
upkeep of the building. Before you sign a contract,
enlist the help of a broker to guide you into the
financial aspect of buying a condo unit.
8. This ensures you won’t be blindsided when a bill comes
for a service that you were not aware of before buying
the unit. You should also pay particular attention to
the details of the contract and discuss some important
points you want to clarify with the building owner.
For example, if you’re planning on sub-letting your
unit then you should be aware if the owner allows this
sort of business venture or not.
9. To know more about our condos for sale visit my
website today.