Are you used to having a house in a village? Or are you transferring from a studio unit to a 1-bedroom condo unit? Before you buy a condominium unit, you should be very careful in choosing a space. You’ll be investing millions of pesos so make sure that unit is a good buy!
Since most of our clients live in condominiums, we’ve heard their woes and good points on condo living. With that, we’re sharing all of these to help you choose a condominium unit that’s perfect for you.
You may be aware of what you need to do, but it’s easier to get things done when you list them down! With that, here is a step-by-step guide in buying a condominium unit in the Philippines.
1. Determine your lifestyle.
Who will be living in this condominium? Will you be alone or with your sister? This way, you can figure out the type of condominium unit you’ll be getting, and how big the dimensions would be. You should also consider your personal habits and sicknesses. For example, if you’re scared of heights, you can choose a unit in the lower floors of the building, or if you’re living with your mother who pees frequently at night, you can choose a 2-bedroom unit with one bedroom having its own bathroom.
2. Determine the location.
Choose a location that answers all, or most of these questions:
- Is it near my workplace? If not, are there transportation options that won’t make it hard for me to get to work?
- Is there a grocery nearby where I can get my basic needs?
- Is it near the laundromat? If not, is there a home cleaning service within the area that I can call?
- Is it near the house of my loved ones? My friends?
- Is it near my gym? My favorite coffee chain?
These are basic questions that you need to ask yourself so you can be sure that the condominium unit you’ll be in would satisfy your basic needs and preferences. After all, your main reason why you want to live in a condominium is to make things more accessible for you.
If you can’t find a good laundry shop or cleaning service near your place, you can call one of our official dealers Mr. Butler! Check them out here.
3. Determine your budget.
Check if your cash at hand can cover the down payment and your daily expenses. If you need a loan, choose a bank which will best match your financial needs. It would be easier to budget if you already figure out the terms of payment that you can handle. Can I finish paying it in 3 years? Or maybe I can extend it to 5?
4. Shortlist at least 3 condominium units.
Since you already know your lifestyle, the perfect location, and your budget, you can now choose condominiums. When coming up with the top 3 places to choose from, you still have to compare them so you are sure to get the best deals. These questions may be helpful:
- What are the amenities?
- Do the monthly association dues match the amenities that the building has?
- Who are my neighbors? (Pro-tip: This is important to ask. For example, you have a respiratory ailment and your future neighbors are heavy smokers, you might want to choose a different unit or a completely different building.)
- What are the issues I might encounter?
- What are the building rules?
- How old is this building?
- When will I/we be able to move in?
Now, you can compare the condominiums you have in mind. You can identify which aspects you like the most, and which ones you can compromise. This way, you’ll surely find a space where you think you’ll get your money’s worth.
4. Predict your future plans.
Figure out how long you’ll live in the unit so you can think of the market value it will have in the future. You can also determine what kind of fixtures you’ll have in the unit. Can you bring your old furniture to this space, or should you invest in new ones?
Mainline power tracks can withstand time, that we even have a 5-year warranty for our power tracks! If you want to have a hassle-free and flexible way of accessing power, consider installing Mainline power tracks in your space. Just click here to book a product demonstration and an ocular inspection.
5. Have a sit-down meeting with your agent.
Now that you’ve chosen the condominium you want, discuss all the terms with your agent. Read the contract carefully and explain your wants, needs, and compromises. It is important to be very transparent to your agent because they know the place well. They can score you the best deals if you tell them the specific things you want.
Now you’re all set! If you need our help in accessing power in your new condominium unit, just call us at 0927 250 9929 / 0929 499 3712, or email us at [email protected]
Happy condo shopping!