The Philippines is a country that is rapidly modernizing, and one of the most popular trends in Philippine real estate is condominium living. Condominiums offer many benefits for residents, including security, comfort, and convenience. If you are looking for a condo unit for sale in Manila, there are seven factors you should check before making your purchase.
These seven things to consider when looking at condo units include:
The first thing you should consider when looking at condo units is the price. Make sure to compare the prices of different units to get the best value for your money. You should also consider the location of the condo, as this can impact the resale value of the unit in the future.
Another important factor to consider when looking at condo units is the space available for use now and in the future. Many people purchase condo units with the intention of only using them for a short period of time, such as during vacation. However, you should also consider whether the unit will be able to accommodate your needs in the future if you decide to live in the condo full-time.
When you are looking at condo units, make sure to check what furniture and fixtures are included in the unit. Some units come with basic furniture, while others come with more luxurious items. Make sure to ask about furniture and fixtures before making your purchase so you know what to expect.
Another thing to consider when looking at condo units is the orientation of the unit. This includes the views from the unit and the amount of natural light and air that the unit receives. If you are purchasing a unit for investment purposes, you should consider units with good views that will be attractive to potential renters.
When you are looking at condo units, you should also consider the floor level of the unit. Units on higher floors tend to be more expensive, but they also offer better views and more privacy. If you are concerned about safety or have a fear of heights and earthquakes, you should choose a unit on a lower floor for greater peace of mind.
Another factor to consider when looking at condo units is accessibility. This includes the proximity of the unit to public transportation, shops, and other amenities. If you are looking for a unit that is easy to access, you should choose a unit in a central location.
Before you purchase a condo unit, you should also consider the costs of maintaining and renovating the unit. These costs can add up over time, so it is important to be aware of them before making your purchase.
And lastly, while it is not on the list, the most important thing to consider when looking at condo units is your own needs and preferences. Make sure to take the time to consider all the factors listed above before making your decision. By taking your own needs into account, you can be sure to find the perfect condo unit for you.
Don’t rush into a purchase without first doing your research, as this could lead to regret down the road. Apart from asking all the pertinent questions and reviewing all the inclusions and payables, checking for these factors in person can make a huge difference. By actually being there in the condo building and seeing the unit can help you realize if the place really is for you.
Another option that you can check for when viewing a condo unit is how much potential income it can generate if it were turned into a rental residential space. Investing in a condo for rent is a way to generate passive income, but it will only bear fruit if the condo is worth it. So, it helps to place yourself in the shoes of a potential renter and think of the things that make a condo unit attractive to them.
If you want to see what a luxury residential condo in Manila should look like, why not send us a message? Let’s schedule a tour so you know what to expect when you choose to live in a condo by Anchor Land.