Tips For Buying A Condo

A condo is a hybrid between an apartment and a house. It can be a high rise in the middle of the city or a part of a township wherein everything is within your reach. Living in a condo is the “in” thing right now. Yuppies and oldies alike prefer to have the amenities and the comfort a condo offers. There are factors to consider and decisions to make. To start off with your investment, let us give you tips on buying a condo

1. Determine the reason you want to buy and decide on your priorities such as location, amenities, and number of bedrooms.
2. Educate and prepare yourself. Make sure all your paper works are ready.
3. Do your research. Check out developers’ sites and projects, consider the ones that have all your needs and even your wants. Check out videos and photos online.
4. Choose a reputable developer who is known for delivering quality properties on time.
5. Research your options and make your plans before you do your condo shopping. It may take 10 to 15 site visits before you can decide which one you want.
6. Make sure the broker or agent you are working with know what he is talking about. He/she should be able to match your needs with the property perfect for you and your budget. He/she should be helpful and easy to reach.
7. List down questions to ask sales agents and brokers and don’t forget to compare answers from your needs.
8. Figure out financing. Do your research on financing a home. Get pre-approved prior to checking out units to avoid frustration in the end. (You might end up wanting a condo that is way beyond your budget).
9. Determine your capacity to purchase and pay. Focus on what you can afford.
10. Examine your current financial situation. Plan ahead on how you will pay for your amortization and your expenses and your utilities.
11. When budgeting, also consider the purchase of furniture for your new home, repairs if any and the taxes. Make sure you still have enough for your emergency fund.
12. Make sure the condo you choose has emergency plans such as a generator and enough water supply for all the unit owners.
13. Make sure that the condo you choose is flood free and has all that you need or even more.
14. Fill out paper works properly and accurately. If you can have a diary for this investment, it will be a big help.
15. Make sure everything including the fine print is read and understood.

Congratulations! You now own a good investment. Here at Megaworld Manila, we can assist you all the way from your inquiry to your tripping and to finally deciding on which property or township you want to live in. Come visit us today and see everything we offer. Owning a condominium is now made easy with Megaworld Manila.

For inquiries about our projects, you may send us an email at megaworldmanilammg@gmail.com; or give us a call or send us an SMS at +63 926 679 8277. You may also visit our Facebook Page at https://www.facebook.com/MegaworldManilaOfficialPage.