The Philippine real estate market has always been an attractive prospect for individuals from around the world. In particular, condominiums can present powerful investment opportunities while they are just as attractive for those who may desire a home that is intended for a growing family. Still, there are some tips and tricks which will enable the real estate novice to encounter the best deals while simultaneously avoiding many of the pitfalls that may be waiting just around the corner. Let us take a look at a handful of the most relevant suggestions.
Never Judge a Book by its Cover
Always recall that real estate advertisements in the Philippines, with regulations less rigorous than developed countries, are based off of sales as is true in pretty much any part of the world. In other words, take a look at the physical site as opposed to the sales gallery or the virtual presentation. There may be disparities between the two, such as gardens, floor space, proximity to transportation hubs or the sound of nearby traffic. As the expression goes, the proof is in the pudding.
Beyond the Standard Presentation
When entering into a sales gallery, it is likely that a rather standard presentation will be offered. This normally highlights only the most positive aspects of the condominium. As opposed to focusing upon what the salesperson is saying, it is better to have a list of pre-arranged questions close by. Some of the issues which are not likely to be covered can include (but are not limited to):
- Warranties including plumbing, heating and electricity.
- The levels of insulation.
- Child-friendly locations (if applicable).
- The crime rate of nearby communities.
The Nearby Environment
Desirable real estate in the Philippines can often be defined by spacious views and access to all of the most modern transit systems. However, never forget that this may come with a few disadvantages. Although an artist’s conceptualization could very well include such an environment within the initial plans, it is important to make certain that things have not changed. For example, a complex that boasts magnificent sea views may be found next to a major motorway. Or, the region itself could be associated with higher crime rates. As the agent is not likely to point these factors out, it is critical to perform a good amount of research beforehand.
Note that the physical floor plans are frequently different than the flats designed for the showroom. The actual livable area can be significantly less, which could be an issue for buyers with a growing family. Closely examine the layout of important areas, such as bedrooms, living rooms and kitchens. Will the dimensions of each be able to address your specific needs? This is crucial in terms of the quality of life to be enjoyed.
While it is always possible to buy a condo easily on Zipmatch, there are still some considerations to address before committing to a final purchase. These variables can make a massive difference in terms of one’s ultimate living experience. So it may be a good idea to get the service of a real estate professional like a broker or agent to help you find the best place and best deal.