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What You Need to Know in Buying Your First Condo
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What You Need to Know in Buying Your First Condo

by Khirol HazwanApril 29, 2017

Making a big and expensive purchase is always nerve-wracking. There are too many variables for you to consider before making a decision. In fact, there is famous financial advice regarding big purchases; and it is to completely think over it for at least 30 days—for you to learn whether you really want to do it in the end.

For many people, big purchases could entail different things such as a car, a dream vacation, a house and lot, or a condominium unit; although numerous individuals, who belong in the younger generation, find themselves investing in a condo unit instead of the other things.

Usually, these people love the idea of settling and living in a compactand convenient setting. If you’re one of these people and you’re thinking of purchasing a condo, then you might want to consider these things first and foremost:

 

Carefully read through the association rules

Every condominium management can have different and distinct association rules. This is why it is important for you to read every association rule in every place you plan on checking into. You want to understand all the rules in the place you are planning on settling in. It will not bode well for you to finally sign the lease only to find out you don’t like the rules and regulations they are enforcing in your building.

 

Learn all about the association fees

One important factor you have to understand, when it comes to deciding to buy a condo unit, is that there are association fees you need to pay for at least every month. You need to know about them beforehand so that you can plan ahead for a proper budget. There’s really no need for you to wait up until you are comfortably living in your unit before figuring this out.

Furthermore, you got to learn all the facilities you are paying for in your association fees. Does it include security, a gym, a swimming pool, and other recreational areas?

This is important to know about since you want your money to be put in good use as well as utilize all the possible facilities available to you for free.

 

Be knowledgeable about what your condo might include

Apart from the association fee, you need to learn about your entire purchase. Are you really only paying for just your condo unit? Does it not include additional storage spaces? What about parking, is that being provided to you with your condo unit?

These questions are important to ask. Don’t be shy asking the salesperson you are talking to in purchasing your condo unit. For sure, they are happy to help you understand these things.

Secure that your building is insured

No one really likes to be negative when making a huge purchase; everyone wants their investments to pull through. However, it is always nice to prepare for the worst case scenarios. By doing this, you will not be caught off guard—which is why you must ensure that your building in insured for different kinds of emergencies, such as fire and earth quake.

All these items listed above are important factors you must consider before buying your very first condo unit. Keep these things in mind and you’ll find you have a lot less things to worry about in the future!

About the Author:

Laurel SantosLaurel Santos may be a 24 year old adult but at her core she is just a little girl full of wonder. She lives in the city and works as a freelance photographer in the Philippines. She manages a small pet shop inside her village. She has a big heart for animals, especially stray dogs. She is an avid travellerbecause she believes that life is not lived within the borders of your own home.  Despite her busy schedule she always finds time to do one thing that she is very passionate about and that is writing.

 

 

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Maximize Your Space: Enjoying All the Amenities in Your Condo
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Maximize Your Space: Enjoying All the Amenities in Your Condo

by Khirol HazwanNovember 9, 2016

Living in a condominium is a luxury that you should definitely experience. It offers plenty of benefits especially for young professionals. Often, condominiums are strategically situated in locations where most establishments and necessities are within reach. More than that, condominiums have amenities which can help improve your lifestyle. If you decide to purchase a Fort condo for sale, here are the amenities that you should definitely try. They will surely help elevate your living experience!

maximize-your-space
Swimming Pools

During the summer, it’s fun and relaxing to take a refreshing dip in the pool. Unfortunately, not all houses come with swimming pools and if you want to have them installed, you’re going to have to pay a hefty amount of money. Of course you can always drive to the nearest resort if you feel like swimming but even that can be a hassle sometimes. If you live in a condo, you can swim anytime you want! Most condominiums are equipped with swimming pools that make residents’ stay more fun. If you find yourself wanting to take a refreshing dip to alleviate the heat or you simply want to practice your swimming skills, living in a condo where you can access the swimming pool anytime will be certainly beneficial.

 

Gym and Fitness Center

Regular exercise can help improve your health. However, with your busy work schedule and your personal commitments taking up so much of your time, it might be an inconvenience for you to travel all around the city just to work out. Instead of travelling halfway across the city, wouldn’t it be better to just stay at home and rest or catch up on some sleep? What you need is a fitness center that is closer to your residence. Fortunately, most condominiums have built-in gyms that you can use anytime. This is extremely advantageous! Since the fitness center is located in the same building where you live, it will motivate you to work out during the weekends or when you have free time. This is certainly one of the amenities that you should utilize once you move in your new condo.

 

Basketball and Tennis Courts

If you love sports, then you would definitely love staying in a condominium. Some condos offer basketball or tennis courts for residents who are fond of these sports. Playing a game or two during the weekends or whenever you are free is a good way to relieve stress, work out, and work on your skills. This can even help you meet new people! Go out and invite your neighbors who love basketball or tennis as well in order to bond with them and get to know them better.

 

Library

Since most information are available through the internet, people seem to favor mobile gadgets over books. However, you must admit that reading an actual book is very different from reading an e-book. If you are fond of books, you should definitely buy a unit in condominiums that has libraries. This amenity will surely help you unwind during the weekends. Just sit back and read your favorite book for a relaxing afternoon!

The ones stated above are just some of the amenities that most condominiums offer. They make living in a condo more exciting! If you decide to purchase a unit, make sure to inquire about the available amenities to ensure that they will suit your needs. Most of all make sure to take advantage of these amenities for an enjoyable condo living experience!

About The Author

authorimage_justinestorJustin is a digital marketing specialist for SEO in the Philippines. He loves staring at large amounts of data while trying to figure out what to do with it. He attempts to write and blog during his free time while watching anime and TV series. The internet is his playground while the world is his bedroom. He’s still trying to figure out what to do with data.

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