In the Philippines, one of the choices available to those seeking to purchase a home is condo living. It is one of the most popular options due to the benefits of ownership such as 24/7 security and luxury amenities. Condo living is a trend nowadays because it is like having everything conveniently put in one place. A recent study found that property buyers in 2020 are more interested in condos with amenities that will allow them to stay physically active during the pandemic. Although condominium ownership is extremely expensive, you should not overlook the fact that, like other real estate properties, they can provide passive income and increase in value over time. But of course, you must make the wise decision in spending your money on this huge investment. Consider the best location for a condominium and the demand for rental properties in the area when investing in this type of property. You should also look into the amenities available to determine the quality of condo living that it can provide. To give you a comprehensive guide on how to choose the best condo for you, here are 7 tips to choose the best location for a condominium.
- Neighborhood Safety
Consider the safety of your neighborhood. Make sure you are located in a place where it is easy to get in touch with the police. Also, important tip of all is to make sure there are nearby medical facilities available. A safe neighborhood also has thriving businesses and community events. You should also think about whether your condo will have network security features. Network security refers to a community’s ability to restrict access to only those who live or work on its premises. It may include high-end electronic surveillance systems such as CCTVs and card readers that only allow authorized individual’s access. Not all buildings have this feature, so double-check before signing anything, as modern times will necessitate modern amenities.
- Resale Value
Consider how the location will influence the resale value. A condo, like any other property, is an investment, and you want its value to rise over time. Condos in Metro Manila, tourist hotspots, and areas with new construction are all good choices for high resale value. Renovations are also one way to increase the resale value of your condo unit. Do not underestimate the value that regular cleaning, maintenance, and renovation can add to a condo. Paint the walls, replace broken tiles, touch up furniture, and repaint kitchen cabinets, and so on. Do not put off minor maintenance until you have to sell your condo, or you will become overwhelmed with all the repairs before you know it. It will also help if you keep all records and receipts from all maintenance and replacements so you can price your condo more accurately when it comes time to sell.
- Consider Convenience
It goes without saying that convenience should be considered when purchasing a condo in the Philippines, as this is one of the main reasons people prefer to live in condos rather than houses. You’ll have a hard time getting around without convenience. As a result, you should look for a condo that is easily accessible via major roads and highways so that your commute to work is always a breeze. If you want to live in the city, choose centrality and walkability. Given how congested cities can be, having everything you need close at hand will save time, money, and effort.
- Cleanliness around the area
Go for a quick stroll in the neighborhood, look at the condo, and learn more about their trash removal procedure. Check to see if the water drains away from the building, as this can prevent unpleasant odors from permeating the environment and ruining the ambiance. There are some things that you cannot see but have a significant impact on your life. Cleanliness indicates a well-kept property and a responsible community. A Nose Friendly Zone is required when renting a home. Every condo unit will suffer if the community is not kept clean. Nothing is worse than living in a condo with litter on the walkways or stains on the exteriors. It goes without saying how important health and sanitation are to guarantee that your future home offers a high level of cleanliness, especially in these trying times.
- Avoid Hazard-Prone Areas
When you hear about floods, earthquakes, and other natural disasters on the news, you should consider moving to a less risky area. You don’t want the flooding outside your building to leave you stranded in your apartment or on any of the alternate routes you could take. Furthermore, earthquakes pose a risk and should be taken seriously. It is important to understand what the government is doing to address the situation. According to the Department of Public Works and Highways report, a Flood Management Master Plan has already been laid out in Metro Manila and surrounding areas.
There’s a good chance that if you’re looking for a condo to rent in a big city, you’ll be surrounded by high buildings and breathing smoggy air. If you are someone who came from the comfort of the rural areas this might be one of the culture shocks you’ll experience. Consider nature and look for condominiums with a lot of green fixtures. An open area with a small garden is a good indicator. In addition to looking inside the building is to look outside for trees. You won’t be living in the mountains, but that doesn’t mean you have to live in a ghost town.
- Leisure Spots
It’s important to take into account the heritage attractions if your future residence has them when searching for condos in the Philippines. A heritage fun refers to places where visitors can travel back in time by visiting historical sites or establishments. Historical Churches, parks, and shopping malls are just a few examples. One of the benefits of owning a condominium unit in places like Mactan, CDO, General Trias, and Calamba is the ability to live in a place with a lot of attractions.
To sum it all up, location and value of the property are two of the most important factors to consider when purchasing a condominium in the Philippines. You’ll have an advantage if you can find a condo unit that has the potential to hold or even increase in value over time especially if that condominium is located in a master-planned community and has the amenities already in place as well as the future developments. One factor also is its neighborhood and its surroundings. While highly commercialized areas have advantages, you should also consider the level of noise, crowdedness, and other infrastructures that will impact your quality of life.
These are just a few of the factors to consider when looking for the best places to buy a condo in the Philippines. However, if you can’t decide which location is best for your needs, don’t waste time and visit Bria Homes’ website. Bria Homes is considerably one of the best options for you being the main player in the real-estate industry in the country that is geared towards providing quality and affordable homes for every Filipino.
By Noelyn Kate O. Cabrera