Buying a condo is a big financial choice, as you are making an investment in a property that you aim to live in the long-term. There are many reasons as why you would like to purchase a condo in Quezon City compared to buying a house or an apartment, like the location of the unit, and the amenities that it has on offer.
These factors make buying your first unit a very challenging decision, as you would want to avoid making any mistakes that would affect your purchase.
Many first-time condo unit buyers have experienced a number of mistakes during and after the buying process, leading them to have difficulty making full use or enjoying the property that they now own.
These mistakes can include the buyer not taking into consideration the amenities offered by the condominium, or not inspecting the unit before buying. With that in mind, here are some of the best ways to avoid these condo buyer mistakes:
Pick the right condo size
One of the most common mistakes that many condo buyers tend to do is buy a unit that is not at the right size. More often than not, most condo buyers tend to pick smaller units at first, which is not ideal if you are planning to live in the unit for a long period of time.
If you are buying a condo unit and have long-term plans, it is best to purchase a larger unit to help accommodate more space for more furniture and items, or even when you move in your family in the unit.
It is best to prepare for the future when buying a condo unit, which is why picking the right unit size would be beneficial for your long-term plans and provide a more comfortable experience overall.
Take a look at the amenities
Most condominiums offer a set of amenities for the owner to enjoy. This includes swimming pools, gyms, and even spas. These features help enhance the condo living experience and make your stay even more relaxing and comfortable. Most first-time condo buyers tend to overlook these features and focus on the units themselves, which is a mistake that you must avoid.
Amenities provide a much better condo living experience, and buying a unit in a condominium that offers a minimum of these features means that you would not be getting the best value for your money. Always make sure you check out the amenities that the condominium offers to make sure that you are getting the best experience available.
Inspect your condo unit
Before buying any kind of property, it is always important to make sure you conduct your own inspection and take a look at the place itself. This allows you to see if there are any problems present in the unit, such as damaged floors or walls, holes in the ceiling, or faulty electronics and utilities.
All of these are red flags that you must avoid when buying a condo unit, as this means you would be paying more money just to have these areas refurbished or repaired, instantly becoming a bad investment. Make sure that you take a look at the condo units that you are planning to buy at least more than once to ensure that you get to see every corner of the place.
Consider the location
Another common mistake that many buyers tend to make is not taking location into consideration. Most condominiums are located within the city, which means that business and commercial areas are conveniently located outside of the buildings themselves.
While this means that there are many condominiums that are close to places where you can study or work, there are times that buyers would pick a location that is simply too far away.
These units are designed to provide you with the most accessible location available to lessen the amount of time it takes to travel, which is why picking one closest to where you work or study is the best way to make the experience more convenient.
Carefully read the contract
Before buying, you will be offered a contract that contains details about the condo unit that you will purchase, along with a number of rules, regulations, and requirements that you would need to have close attention to.
While it may be tempting to just skim through the contract and sign away, it is best to avoid that mistake and read every single piece of detail written. This makes sure you can see if there are any inconsistencies and terms that you might not agree to, which would help you make your final decision.
Buying a condo unit can be a big challenge, as you would have to make sure that all details are covered before making the decision to buy one. By following these steps, you would be able to avoid common buyer mistakes and find the ideal unit for you.
Alex is fascinated with “understanding” people. It’s actually what drives everything he does. He believes in a thoughtful exploration of how you shape your thoughts, experience of the world.