Most people think that buying a condo or apartment in Makati is similar to buying a house. However, many different factors come into play when buying a condo, making it quite different from buying a house even if they’re both considered realty investments. Some elements regarding Makati condos aren’t present in traditional houses.
Think about certain specifics that might you might find relevant before investing any money on a condo or apartment in Makati. There are a few concerns that specifically pertain to Makati condos only. Keeping a mental note of the following can help you make the right decision.
You should your preferences in living conditions. There are some people who are not fond of loud neighbors and pets. Living in a Makati condo means there’s a good chance that you will be right next to other units. Before you buy a condo, get to know your potential neighbors first and have a feel of the entire building. They will most likely be your neighbors for a good amount of time, so make sure they are people that you’re fine living right next to.
Another thing to find out is the list of regulations that any Makati condo building may have implemented. There may be some rules that you find too constricting, or which don’t exist and you would like to have implemented. Usually, there are a lot of rules in Makati condos, although some are not as obvious as others. There might be small details like painting the walls, the type of appliances to use, or some other thing that can easily be overlooked. Make sure you become aware of all these rules before you buy a condo in Makati.
Make sure that you have a breakdown for the entire cost of the association fees. Such payments are commonly for building maintenance and upkeep, security, garbage processing, and other important tasks. However, you can easily see if a building is well maintained just by visiting it. If it doesn’t look like it’s really being taken care of, then consider some other Makati condo building. In line with maintenance and administration, find out how efficient the service is for emergency maintenance, as common home issues like toilet leaks and busted power outlets should always be handled immediately.
Remember, when you buy a condo or apartment in Makati, you are investing in a part of a real estate that’s located in a prime area of Manila. Make sure that your decision is well thought of and that considerations have been met before making a down payment. Your decision will no doubt be an important factor in your life for years to come.
