A Makati condo can be either a great investment or a big mistake, depending on who is buying. While the right condo unit can be a good decision for many, some people just aren’t very suited for that kind of living arrangement. Some of the scenarios where people are not a good fit for buying a condo can be obvious, while others are more subtle and harder to spot. There are factors that need to be considered, such as marital status and the number of people that need living arrangements.
The numbers
For some reason, large condo units have never caught on in the Philippine real estate market, and most towers only have one or two-bedroom arrangements. It is very rare to find ones with three or more bedrooms. This means that it’s going to be hard to fit more than three people in a small Makati condo. The space is limited and most developers aim their design towards couples or young professionals, not families or large groups. Singles are probably the best for condo living.
Finances
Money is always a concern with people looking for living arrangements. A Makati condo may seem nice and perfect for a single young professional–until he checks the monthly dues and the payments he needs to make. Suddenly, renting an apartment looks a lot more appealing than buying a condo. The reality is that not everyone can afford a condo, even in the best of times. This is a major investment, and most people who are just starting out on their careers are in no position to be looking at them. If one can afford it, of course, it should be an option.
Location
Another concern is the location of the condo. Some towers may be well-designed, but are located in areas that are difficult to access. People who are looking to buy a Makati condo are probably going to be working in the city. This means they have the convenience of living nearby, and they don’t have to endure the hassle of a long commute. There are several businesses in Makati and several towers one can choose from, and the condo does not necessarily have to be closest to the office.
Single people with the income to afford a Makati condo should always consider it an option, because these places are not only great living space, but also excellent investments. The selection is large and many of them are within a reasonable distance of most office buildings. They should keep in mind that buying a condo isn’t for everyone, so they should take a look at many options carefully.
