When buying a property, there are some factors that you need to bear in mind. Here are top three things to consider when buying a property.
The first step in buying a property is setting a budget for your dream home. Determining how much you can afford allows you to concentrate on properties within your established price range, even before you apply for a home loan. Calculate your debt-to-income ratio to ensure that you will not be dining on peanut butter sandwiches on the next 10 years or so!
On top of the downpayment, equity, and monthly amortization, there are other fees and expenses that you need to include on your budget, such as application cost, closing cost, move-in fee, interest, insurances, taxes, and more. You also need to consider your monthly expenses, including water and electricity bills, gas or transportation cost, and homeowners’ association monthly due, if there is any.
Do you opt to buy a home that is almost bare so that you can design it according to your taste and style preference or do you prefer a property that is ready for moving in? Keep in mind that whether you choose a bare or a move-in ready home, you will be spending for repair and renovation, such as painting, installation of carpet or tiles, and wall partitions. To give you the best value for your money and time Megaworld Makati Condominium offered ready to move-in units from pre-furnished to fully-furnished at no down payment with very affordable and lowest payment options.
Do you plan to own a home that is near your workplace and your child’s school? Are there mall, supermarket, hospital, and public transportation terminal within a good distance? You should also consider the proximity of your place of worship to your future home. In the Philippines,
While some people prefer to buy property within the city, others choose the simple living in the outskirts of the metro. If you choose to live within the city, Makati City is one of the prime locations that you should ponder on when buying a property in the Philippines. One of the richest cities in the Philippines, Makati City has low crime rate. Its Police and Fire Departments are tagged as one of the best in the Philippines. Considered as the central business district in Metro Manila, investors are very confident to put up their business in the city. Hence, there will always be jobs available in the city.
Also read: Why Makati is the Best Location of Investment.
Buying a property is an investment; hence, you should set high standards how your dream home will be built. A four-cornered, high-ceiling structure is not enough. You should also plan how it will look like — the intricate design, classy interiors, spacious rooms, and well-lighted halls, up to the simplest and smallest details.
If you regard your dream home as one of your most important investment, choose a developer who is an expert in the construction industry and possesses necessary licenses to do the job. Before contracting the developer, it is best advised to visit newly turned over projects of Megaworld to see the quality of their work.
Having completed more than 300 projects, Megaworld Corporation is considered as the largest and most reputable residential developer in the Philippines. Established in 1989, Megaworld is now celebrating its 25th year in the real estate industry. Whether you opt for a luxury residential condominium, Megaworld Corporation has a property to offer you.
Check out our condominium investment properties in Makati below:
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