Minggu, 01 Mei 2011

Condo Buying Tips

More and more people are buying condominium units lately. These properties are perfect alternatives to those who would like to have their own place. A Makati condo is a very popular choice for many young professionals and young couples. It provides a more affordable choice of real estate property in most business areas where lots are being sold at staggeringly high commercial prices.
Before you go out and join the condo craze, condo living is not ideal for everyone. There are many pros and cons to living in a busy, Makati condo unit. There are many things you should consider before looking for the perfect Makati condo. Below are just some tips to help you out.
* Developer. Most developers specialize in certain types of condominiums. Research on reputable developers of the type of condominium units you are interested in. You’d be able to save more if you buy condos in pre-selling stage but a huge faith on the developer is required. Make sure the developer of the condominium building is reliable and trustworthy.
* Unit. Decide on the type of unit you want. Are you interested in just a studio unit, a one-bedroom unit, or the largest available unit? If you have plans of reselling the unit, bigger units are often easier to sell.
* Neighbors. If you are buying a condo that’s ready for occupancy, check out your prospective neighbors. You’ll be living with just a wall away from your next-door neighbor so it’s a good idea to be sure you’ll be okay with them. Also, learn about the condominium association in the building and their rules and regulations. This way, you’ll be aware of anything you might not agree with.
* Location. This is a number one priority for many people in choosing the condo unit they will purchase. Most people who opted to buy a condo unit because they to go home to a place that is very near their work. Also, most condominium buildings are built to be accessible to many establishments like malls, schools, churches, business areas, and many more. Identify the area that you are interested in then start looking for condominium units that are newly built or being built within the area. However, make sure you also consider the immediate vicinity of a prospective condominium building. Is it a very noisy area? Is the traffic bad around the building? Are the streets safe to walk around even at night?
* Style. There are currently three major types of condominiums based on size: low-rise, mid-rise, and high-rise. High-rise buildings can often be found amongst the high-rise buildings in business areas so they cost more than mid-rise and low-rise condominiums. Units in higher floors also offer a wonderful view of the surrounding area. Low-rise and mid-rise buildings, on the other hand, are less expensive and are often located near residential areas. They provide a great balance for those who like to live in a condo and yet maintain a semblance of a community that’s ideal for families.