July 24, 2024


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Condominium Properties: Is It a Good or Bad Choice?

Recently, a lot of developers are flocking in Davao. Even before PRRD became president, Investors already knew the potential of Davao. It is a melting pot of diverse cultures and eco-tourism. Truly life is here where the goods are cheap; traffic is moderate compared to highly urbanized cities such as Metro Manila and Cebu, good weather all year round and low crime rates. Who doesn’t want to live here? Investors saw it as a potential to expand or even launch their projects. Davao also has the best schools making condominium living an ideal. The reason also is that most of the subdivision where house and lot are offered is located far from the metro making commuting inconvenient.

The key to condominium living is the accessibility and good location. Why would you exchange house and lot property to a condominium property if not for the location right? There has been a lot of choices recently, best location, extravagant furniture, hi-tech systems, best security, to wonderful views. So how would you choose if you’re likely to purchase one unit? It is important that you do a little research first of the developers that are flocking in and take a closer look at their projects from other places chances are they might be similar to what they are building in Davao and you have a better idea and perspective of what they are opening in here.

After you have done your developer research you can now try to select the ones that you like best on the design, size, amenities and location. It is important to prepare yourself before investing a large amount of money into a unit. After you’ve narrow down your selection you can visit their office and visit their model units. Most developers have this in their office then choose an agent, remember that in choosing your property specialist you have to follow your instinct. Pick the ones that really give you the relevant and honest answers to your questions than those property specialists that are only after a sale. Picking a property is a thorough process before you decide which one to choose. It’s like choosing the best dress to wear for meeting in-laws for the first time.

Check your finances before you purchase a unit. It is important to know if you can afford what you are buying. You can opt to lease out the property so it would be easy to pay every month. That would actually fall as a self-liquidating investment. So there, please take into consideration the key points stated here so there would be no regrets in the future.