When buying a condo, among the most important things to consider is the price of the unit. Is the price fair? Does the price fit the location of the condo? Is the price suitable for area offered by the condo unit? Are the amenities suitable enough for the price of the condo unit?
These are some of the questions that normally comes to mind when you are contemplating in buying a condo in the Philippines. It is important for you to take into consideration the area of the unit that is being offered by the developer. There are some condo units that offer a bigger space in the unit, however due to the design of the unit, you may not be able to maximize the use of its bigger size in terms of square meters. There are some condo units that may appear smaller in terms of figures, but the design of the unit will allow you to fully optimize the available space of the unit. This means that even if the price is slightly higher than another unit that offers a bigger area, it will allow use to use all the available space in the condo unit.
Another thing to take into consideration when buying a condo in the Philippines is the location of the project. Yes, many people would rather opt to buy a condo in a location near their place of work, which will likely be at the center of the commercial district of a city. However, most, if not all, condo projects located at the center of the commercial district have a rather steep price tag. Therefore, it is advisable to consider buying a condo unit that is around thirty minutes away from your workplace. The location should not only be near your place of work, it should also be near shopping centers, a hospital, the domestic port, and an international airport.
Some people who want to buy a condo also take into consideration the developer itself before they consider buying a condo unit. There may be some developers who have been in the market for a number of years however the prices of their units are rather steep or the amenities are not enough to cover the price of the condo unit. There are also some developers that are relatively new to the industry of condo development but have a good track record in other types of developments, which may offer potential buyers of condo units an option when they make their decision in buying a condo in the Philippines.
Lastly, people who consider buying a condo in the Philippines may consider the terms of payment for the unit. Although this is linked to the price of the unit itself, some developers offer discounts or long payment terms for potential buyers especially if the condo project is still in its pre-selling stage. When a condo project is still at the pre-selling stage, the prices are still low. So it is recommended for potential investors to buy a condo while it is still at its pre-selling stage.The lower the price, the bigger the discount they would receive especially if they are intent in buying a condo unit on a spot cash basis. The longer the terms, the lower the discount. However, if it is still at the pre-selling stage, the price of the condo unit is still lower compared to when it is already ready for occupancy.
These are just some of the things that have to be considered when you decide on buying a condo in the Philippines. It is therefore advisable to take into consideration some of your options when you decide to buy a condo in the Philippines.
