We all know that for first-timers, buying your first condominium unit can be challenging because of so many concerns and requirements. You might be anxious about making an expensive mistake, especially since it involves a lot of your savings. But don’t be discouraged! Buying an investment property can be a ticket to your financial success.
Before anything else, ask yourself: Is condo living right for me?
It is very important to do some reflections to help you decide whether you want to purchase the condo. Do you want it to be your home or you might want to rent it out or sell it in the future? There are big advantages are living and owning a condo, as well as selling it out later on. You might want to check the feedbacks, articles, and offers from the Iloilo Business Park website to see what your options are. A good soul searching before purchasing may help you come to the right decision. Once you have figured it all out, you can move on to looking at other important considerations.
Once that’s considered, let’s start with a simple question: What are the things to do before purchasing your first condominium unit?
When purchasing a condominium, you must:
1. Assess your Financial Capacity.
While we know that while browsing what Iloilo Business Park can offer can be exciting and inspiring, it is always important to assess your financial capacity first. Consider that there will be upfront costs including the down payment as well as costs in maintaining it. If you don’t intend on paying the unit in full, you can apply for a housing loan.
Three of the most common lending sources in the Philippines today are through in-house financing, bank financing, and the Pag-IBIG housing loan. In Iloilo Business Park, we can help you by offering our flexible payment options. The payment schemes for most of our condos are now very easy on the pocket.
2. Find a Trusted Realtor and Developer.
Finding a trusted realtor and developer important. Their role is to help you in your decision-making, answers your inquiries, guide you through the process, and ensure important documents are not overlooked. Consider the condominium’s developer, the quality of their projects, and their credentials to determine whether or not to entrust your hard-earned money with them.
Why not choose Iloilo Business Park of Megaworld Corporation? Megaworld Corporation is the country’s leading real property developer. Its township development provides its residents, offices and commercial tenants the “Live-Work-Play” concept which expresses a most wonderful mix of lifestyle dynamics. In the past 3 decades, Megaworld has evolved dramatically, building sustainable and future-ready communities with offices, schools, malls, hotels, and recreational and transportation facilities. The innovation, creativity, and excellence continues, and will continue 30 years and beyond.
3. Choose your Type of Condominium Unit.
Your lifestyle plays a key role in choosing the right condo. There are many different types of condominium units a homebuyer can choose from—studio types, One to three bedroom units or a loft room. Your choice will help determine how much money you need to prepare, how much living space you can use, and how your unit will complement your lifestyle. Choose the condo unit that suits your needs.
For your convenience, our sales agents can present to you availability maps of our units or provide you virtual walk-throughs. These materials will make you assess whether the rooms are spacious enough for all your possessions and provide the opportunity for you to ask specific questions or inquire about possible improvements in the future.
4. Find Out What the Condo Unit Offers.
Buying condo units come with the luxury of enjoying new and state-of-the-art amenities and services that most residential properties, like subdivisions, don’t usually offer. It’s a big plus for any condominium to have amenities like outdoor spaces and swimming pools.
As the largest township in Western Visayas, Megaworld’s Iloilo Business Park is the perfect place to live in. Iloilo Business park condominiums offer a great deal of privacy, ensure safety and security, as well as provide open spaces for wellness activities, and relaxation. Each tower has its own swimming pool surrounded by pocket gardens and reading nooks. The township also has the components of commercial, recreational and dining areas clustered around its condominiums.
With the right knowledge and help from the right people, you can buy a condo that you will be happy to own. Message us now!