Choosing a real estate property is probably one of the most exciting parts of everyone’s life. Real estate is a big investment and the feeling of locking down a property is the best in the world. With that in mind, it’s very crucial that a buyer must choose the best real estate property that will be truly worth of his or her money.
There are many properties available in the market today, thanks to the continuous economic boom of our country. Developers continue to build subdivisions, condominiums, and townhouses that can fit everyone’s lifestyle. With many properties to choose from, it’s getting harder and harder for most buyers to choose a property that fits them.
Do not fret, because we are here to help. Below is a quick guide on how to choose the perfect home, based on different factors that you have to consider.
FINANCES
The first thing that you have to consider is your finances. How much is your budget? Do you have enough money for a down payment? Does your monthly salary can take on paying the mortgage of a swanky two-bedroom condominium unit in the most glamorous part of Makati? If not, then you should probably choose a cheaper property that your money can handle.
FIND THE RIGHT NEIGHBORHOOD
The next thing to do is to search for the neighborhood or location. Think about the kind of set up that you want to live in: are you a chill type of person who prefers the slow suburban life or the hustle and bustle of the city life always sing to your soul? You can also choose a neighborhood based on its proximity to your workplace or to other key places like schools, shopping malls, and hospitals. You can easily find properties in your chosen locale by using the intuitive filters of the portals. The factors below are the things that you have to think about when choosing a neighborhood.
- Amenities: Check the potential neighborhood for any future projects such as a new bridge, a new super highway, malls, gyms, movie theaters and so on. Remember that having these amenities in your neighborhood can help in increasing the value of your property in the future.
- Natural disasters: We all know that the Philippines is prone to many natural disasters. From typhoons to earthquakes, we had them all. Make sure that the location that you choose is not that prone to natural disasters. Avoid locations that always experience flooding.
- Security: You must also ensure that the location that you will choose is safe. Choose a neighborhood that has the police nearby or has very low crime rate.
- Property taxes: This government required tax is based on the location that you will choose. The more high-end or well established the location is, the higher the property tax will be.
- Neighbors: Get to know your neighbors before moving in. These people are the ones you will have to deal with everyday and it’s great if you perfectly jive with them.
TYPE OF HOUSE
Now that you already narrowed it down, it’s time to choose which type of property fits you. If you want a one stop shop, urban kind of lifestyle then condominiums are definitely for you. Just remember that buying a condominium unit requires you to pay more fees.
If you’re already starting a family, then a house and lot will be perfect. It’s a great investment and a house and lot guarantees more space and room, perfect for your future children.
But if you’re looking for a business investment, then an apartment type or a luxurious property in a tourist spot will do. Check this article to find out how you can make a property look rent-worthy.
HOME AMENITIES
Of course, the actual home itself is important. You have to make sure that the whole feel and vibe of the home matches your personality. The key rule in this is to not take your personal choices for granted. Below is a quick checklist that you regard when house hunting:
- Indoor outdoor flow: Check how easy it is to move from the indoors to the outdoors
- Size of your rooms: Ask yourself if the master’s bedroom will fit your belongings. Make adjustments if necessary
- Floor plan: Have a look at the floor plan. Is it convenient for you? Imagine a typical day walking around in these halls and see if you’ll be comfortable.
- Lot grade: For house and lot buyers, consider the size of the lot, especially if you have plans on extending the house or creating a garden.
- Natural light: This type of light adds a great ambiance to your home. See if the size of the windows allow enough natural light to enter. For more tips on installing lights, click here.
- Street parking: Check if your local neighborhood has strict policies on street parking.
- Heating and cooling systems: Good heating and cooling systems are important especially in the ever changing weather of our country.
- Kitchen features: Take a look if the house has a complete kitchen set.
- Number of bathrooms: For bigger families, having a more than one bathroom may be more beneficial.
Consider all your options first before you make the big decision. As mentioned, buying property is a huge investment that shouldn’t be taken lightly. Ask for the help of your real estate agent if you have any questions in choosing a house. You can look for your dream property right in this website.
Image source: http://www.persquare.com.ph/for-sale/house-lot-ncr-metro-manila-paranaque/corner-lot-single-detached-house-for-sale-in-bf-homes-paranaque_110766 – Sean Marketing