Tips before buying a condominium

One of the most in-demand types of real estate in the Philippines today is the condominium. Many of us are dreaming of having a comfortable home that can provide the most convenience, security, and yet is affordable at the same time. But before buying a condominium or any property, you might want to consider these tips to help you decide and for you to know the things you must prepare before sealing the deal.

Why do I need a condo?

Buying a condominium is not something like buying a new phone or a bag; it's not like you just want to have one. Whatever your reason is, ask yourself first: “Why do I need a condo?” Answering this question will help you know the kind of unit you need—if you just need a small one or a unit that can house the whole family, if all your furniture and appliances can fit in it, and if getting a condo is more advantageous (geographically, economically, financially) than burdensome. It is also helpful if you look for a condo that is near where you work or study or do business—prime spots, that is.

Location

Finding a perfect location is one of the hardest parts of buying a condominium. There are many condos near Greenhills, Cubao, and even near to your office, but you have to consider the area where it is located, the environment (if you can handle the noise outside), transportation (as much as possible it has to be near an MRT station), and if the area is flood free. It's also good to live in a place where you can refresh and can relieve your stress. If you already know the right location, list down all condominiums around that area.

Research

Researching is a must! If it's possible for you to visit each condominium you listed then do so! Do a background check about the property and its developer, know their amenities, the kind of security they have, and the kind of neighbors you might have (I bet you don't want to sleep late at night because of your noisy neighbor, right?). Visit at least two units to see how spacious the place is.