Buying A Condominium Unit in the Philippines
Are you thinking of investing your money by buying a condominium unit in the Philippines? Or as a balikbayan, do you need a property that you can use while visiting? Here are things to consider in condo purchase: Location. Check the condo’s location. The condo should be located in the city’s prime area. It should have access to major thoroughfares and nearby facilities i.e. - shopping centres, church, schools. As a buyer and prospective resident, take a look at the neighborhood. What are the other buildings in the vicinity? Is there a park? What is the community like – is it safe and secure? Bear in mind- you are not only purchasing a property, you would be assuming a certain lifestyle as well. Building Condition. What is the age of the building? Is this new construction? Has the building been maintained properly? The biggest problem encountered most specially for Philippine buildings is water leakage. It is prominent in flat roofs and can be seen on the ...