Important Things To Do Before Buying A Condo

Cebu City, Philippines (PressExposure) August 18, 2009 -- When seeking to buy some philippines properties for sale such as a condo, its important to note several important aspects of owning a condo. This is because, unlike buying a house, condos usually embodies a number of rules and regulations in which to keep the whole condominium maintained as well as its tenants organized. So before you begin buying your condo, here are some important details that you should ask and do before actually signing on the dotted line.

Ask the exact amount of maintenance fee that tenants should pay Unlike owning a house, paying a monthly fee is one of the many common rules of owning a condominium. Aside from monthly mortgage payments, these monthly fees are usually used for the maintenance of the condominium, such as its parking spaces, repaints, cleanliness, as well as security. Asking the amount of monthly fees beforehand is very important if you don't want to find yourself in a very huge debt. In the Philippines, monthly fees could range from hundreds of Philippine Pesos to thousands of Philippine Pesos, depending on how popular and how big the philippines properties for sale such as condos are.

Examine every nooks and crannies of the whole condo Don't be satisfied with the samples of pictures as well as samples of their condo units they show you. Ask if you could go to one of the condo units for sale. These units, although not entirely ready for living, especially because it lacks the necessary items such as a bed, sofas or decorations, are the perfect places to examine if all are well and organized. Check if the water is running smoothly. Check if the walls have cracks in it. Aside from the interior, also check out the exterior if everything is properly maintained.

Ask if you could get a financial statement of the board This is important, not only with condos but also with other philippines properties for sale. Checking on their financial statement allows you to look at some of the things that the board does with the monthly fees they're getting. If it really goes into the maintenance of the condo units or just in their pockets.

Ask around Asking around could also get you the information you needed. Its like reading in a forum in which many people have their own say about something, in this case their condos. You'll also likely to find out how the management does and how well they do their job in managing your future condo.

About Archie Lopez

Archie Lopez is a full time author for a variety of subject,including clothing, jewelry, computers, toys, and flowers.He also works principally within the marketing area.Currently,his place of residence is at Cebu City where he continues to work on his writing hobby.

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Press Release Submitted On: August 18, 2009 at 12:58 am
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