tips to look for in a condo before buying

[jusipus]

guys, tanong ko lang kung ano yung mga dapat i-check bago bumili ng condo.. also, alam nyo ba yung cambridge village sa may pasig? im planning to get one, any tips or advice? ty =)

[_Qwerty_]

una.. check mo yung track record nung developer.. marami na ba silang projects?? ok ba naman ang itsura?? try to visit one of their previous projects para makita mo kung ano itsura.. nadeliver ba nila on time yung past projects nila??

kung sa actual condo naman na bibilhin mo.. check mo yung location.. malapit ba sa public transport?? binabaha ba?? may mga squatters ba sa palibot?? may malapit bang grocery? palengke? school?

[torque2006]

camrbidge village pros and cons

pros:
- cheap
- accessible: to a park, to ortigas cbd, supermarkets, pasig palengke, eastwood.

cons:
- binabaha ang harap
- floodway area is full of squatters

[Galactus]

One thing about condos kasi, usually after 50 years (or depende sa terms in the Master Deed), revert yung ownership back to the developer.

Kaya hindi rin puwedeng ipamana. That's according to our bank appraiser here. Kaya better investment daw ang townhouse

[Lemon]

One thing about condos kasi, usually after 50 years (or depende sa terms in the Master Deed), revert yung ownership back to the developer.

Kaya hindi rin puwedeng ipamana. That's according to our bank appraiser here. Kaya better investment daw ang townhouse

Dapat Perpetual Ownership ang bibilin mo. Kung hindi P.O., after 50years or so, balik na sa developer yun ownership. Lots of buyers are not aware of this.

[_Qwerty_]

hindi na uso yang after 50 years balik sa developer.. a condo now is owned by the Condo Corp.. na ang mga members eh yung unit owners.. ang 50 years na sinasabi eh yung lifetime nang isang corporation sa Philippine law.. after 50 years.. you can always make another corporation naman..

Pero iba don sa mga CondoTel.. I think medyo tricky pag condotel ang development.

additional.. sa isang condo.. tingnan mo din yung foot traffic per floor and for the whole building.. ilan ba ang elevators?? may service lift ba?? ilan ang units kada floor?? kung lagpas nang 20 ang units per floor.. eh medyo madami na yan.. so expect na maingay.. at medyo matagal maghintay nang elevator.

Avida naman is a subsidiary of Ayala.. it used to be Laguna Property Holdings.. it caters to the low end project of Ayala. Community Innovations naman is for the mid-income level, tapos yung Ayala land Premiere naman caters to the high-end market.

[Lemon]

First to check talaga is your developer. I will stick with big developers like Ayala(not sure about Avida), Robinsons, DMCI etc. Kasi these developers ay proven na. Hindi nila pababayaan mga bldgs nila because they have an image to protect. Kaya you won't see any bldg from these developers na panget or napabayaan. Turnover is always on time. You should also check their existing projects. I was really impressed with the projects of DMCI. Well planned lahat and hindi crowded. And madami din space na ina-lot para sa gardens and greeneries. Kaya before you decide, sabihin mo sa agent i-tour ka nya sa previous projects nila. Especially, check mo yun mga 5yrs and older na mga projects nila. Kasi this is how the property your eyeing will probably look like in the future.

Second is location. No need to explain this one.

Third for me is the price. Dami condos na overprice just because prime ang location nya. Pero you should check and compare prices. Try looking at those condos na mura pero hindi naman ganun kalayo sa Business district.

Lastly, the project itself. Dapat hindi cramped or crowded yun lugar. Maganda layout ng units. Single loaded corridor is a plus for me. Mataas dapat ceiling heigth(at least 2.4meters). Check mo din mga materials na ginamit. I shy away from expensive condos tapos vinyl lang flooring and cheap looking ang kitchens.

TIP : Kung hindi ka naman nagmamadali, it is better to get one hangat pre-selling pa yun project. Dito makakamura ka talaga, tapos ang haba ng terms kaya hindi mo gaano ma-fe-feel yun hinuhulugan mo. Tumaas na ng 30% yun price nun condo na nabili ko, and expected ng tumaas yun price as it nears turnover(2008).

Hope this helps.