How to save while you buy a condo unit or condominium unit

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Possessing a house is perhaps one of the most crucial decisions an individual could make in his lifetime. It needs sheer commitment and it ranks second to raising a family. A house is so important since it serves as a shelter and sanctuary for the family.

These days, building a house at the heart of the metropolis is almost impossible since a parcel of land will fetch a bomb, just kidding aside, I mean a whopping sum of money. Hence, buying condominium unit is now ubiquitous and practical for well-off families.

Buying a condo unit can be difficult but worry no more for this article contain tips and pointers on how to purchase a condominium unit that you yearns for:

Verify the legitimacy of the developer

See to it that the developer is credible and already carved out a niche in the condominium business, do this and you will not get bamboozled. Spend ample time to check if the developer is legitimate and has a good track record.

Ask your friends about the developer if they have knowledge about him. You may check the developer’s website or call the regulatory board in your country to check their current standing. If you are in the Philippines you may check the site of the Housing and Land Use Regulatory which is the hlurb.gov.ph. Doing this will help you get information on home buying rights, guides to purchasing a condo unit and information about the developers along with their address.

Add all future expenses to your cost listing

If you are searching to purchase an existing unit, add to the costs all of the expenses like condo fees, transportation costs and laundry because there’s not enough space for washing your clothes. This gives you an idea that buying the condominium unit is advantageous to you and your family.

If you are not going to use the amenities such as the pool, gym or spa, it is not wise to pay for them.

If the money you are going to shell out for the condominium can be engulfed by your transportation expenses in the long run, it is always better to think twice before making the purchase.

Thanks a lot for the read.

My second article in the HubChallenge!

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