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Tips in Buying Condominiums in the Philippines
Submitted 2011-12-16 10:45:59
Classified under real estate in the Philippines, condominium units are also good to purchase if you want a good place to live in in the country. In the developing economy that the Philippines has, this kind of abode is actually much preferred by independent persons or starting families.
For some, purchasing a condominium in the Philippines is better than buying houses and lots for sale in the Philippines. There are a lot of reasons but accessibility, style and comfort come out as three of the major reasons why people choose condominium units over traditional houses and lots.
But buying this type of Philippine real estate is not as easy as choosing what to wear for work. There are certain things to bear in mind to make sure that nothing goes wrong in purchasing that wonderful and chic abode.
First, it is important that the condo in the Philippines is located in an area which provides easy access to your basic necessities. In the urban, most of the condominium buildings are located in high-end cities that are close to malls, schools, banks, hospitals, religious institutions, and other commercial establishments that are greatly needed in everyday living. You do not want a residence away from all these, right?
Before buying a condominium property in Philippines, it is also important to check the building where it is located. The residential units should be separated from those available for office and commercial purposes. This assures privacy. Check on the water system, as well as the fire safety measures. Also, a 24-hour security should be visible. CCTV cameras should be installed in corridors and the elevator (if there is) should be functioning properly.
The unit itself should bear proper layouts. It should be spacious enough for you and your things. Lighting and ventilation is important. Windows must be properly installed to avoid accidents, as well as the doors. Ceilings should be inspected for leaks.
Aside from checking the real estate itself, you should not forget to check the background of the developer as well. As they are the people you will transact with and since it is to them whom you will entrust your money, you should be wary. Check the background of the company on the internet and see if they have a good reputation. See if there are complaints filed against them. Ask friends or relatives who have already done business with them. If you feel doubtful, think hard before settling on a deal.
Locals and foreigners alike are allowed to own condominiums in the Philippines. But if conflicts arise and you’ve gone clueless about what to do, contact your trusted legal professional.
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