Tips for Condo Buyers

A condo is considered as a luxury in the Philippines, not like in other countries owning a condo is the first step toward full-pledge home ownership. But keep in mind that buying a condo isn’t the same as buying a house, it has a lot of considerations and concerns. If you feel like you’re ready to make the transition from renting to owning and are looking to purchase a condo, here are some things that you should know first.

Maintenance

Before you buy a condo, like on some good location like the metro for sure there are a lot of condominiums that are for sale like for example condo for sale in alabang, it is a very good location to own a condo for it is near on the metro but not that really crowded for it is on the south.

But before anything else, you’ll want to know who takes care of the building or do they hire someone to clean common areas and maintain the yard, or are the tenants expected to pinch in. A condo building that is lax about maintenance can be aggravating to live, but it can also hurt your resale value down the road, so you make sure that the maintenance is the building’s on of the top priorities.

In Charge

You’ll also want to be sure and know what you’re responsible for it something goes wrong. Or you should know who to call and who’s the one responsible if something out of hand came out. If a pipe breaks above you and ruins your living room, will you be on the hook for repairs? In many buildings the condo association’s responsibility stops at the midpoint between the walls of your unit, which only means that if something or anything happens inside your condo is your responsibility.

Fees

In most buildings the association of condo levies fees to pay for common expenses such as insurance and repairs that affect all residents. It is also important to know what exactly they pay for. A well-run condo building will set aside a third of the money into a condo only to find out a few weeks later that the association is broker and can’t really afford to pay for an urgent repair like a leaking roof.

Be well informed of this technicalities if you want to really buy a condominium so that it can help you live at ease. Find the best condominium in the metro and make your hard earned money worthwhile.