Tips to Know Before Buying an Apartment in Manila Philippines
There are a lot of things to consider before you buy an apartment in Manila. You need to do your research to be able to get the best deal for your money. Before you make any rash decisions, here are some things to keep in mind:
- Don’t just look at the price
First-time buyers of real estate are usually tempted to buy apartments in Manila that have relatively low prices. But they fail to look at the other aspects of living in that area of the city. A budget is definitely important when searching for a property to invest in, but it should not be the only basis for your decision.
- Check out the neighborhood
Think about your daily routines and your overall lifestyle, requirements and look for the nearest market or mall, when you buy an apartment in Manila. You should think about the schools in the vicinity if you have kids. Is your place within a few minutes hospitals and other amenities? If you want to rent out the apartment to tenants, think about what their needs might be.
- Find out the age of the building
Any building has a specific lifespan. Before it reaches its limit, the owner must have done repairs and reinforcements to add more usable years to the structure. Ask the owner what major repairs have been done in the past few years. It is recommended that you get a report from inspection experts to determine if the property is still feasible.
- Look at the space and flow of the apartment
This is particularly important for families who have future plans to have more kids. You may need at least 2 to 3 rooms to accommodate everyone. You should also have enough space for kids to run around, play, and study.
