Buying a Condominium Unit in Baguio City: Why and How?

condominium in Baguio city booming

With real estate prices at stratospheric levels in the country, buying a condominium unit is a more affordable way into the market, especially for young people. This is why condo sales across the Philippines are at an all-time high, including in Baguio City.

 

Another reason a condo is a better fit then an apartment for sale in Baguio City or a single home is the price. Buying a unit proves to be more cost efficient than renting an apartment because you actually own the condo. Aside from that, living in a condominium offers more convenience because you can take advantage of the services offered by the developer to the unit owners. These include exterior maintenance, 24/7 security and for some, even laundry services.

 

Now, if you're thinking of buying a condominium for sale in Baguio City, here are some tips to help you get started.

 

• Look for a highly recommended estate agent in Baguio City. If you think hiring one will cost you a lot of money, you should know that the seller pays the commission, not the buyer.

 

• Seek professional advice from a good lawyer who can help you in buying a condominium for sale in Baguio City. A lawyer can help you understand the terms in the deed of sale to ensure you're getting your money’s worth.

 

• Determine how much mortgage you are qualified for. This will help you determine how much you need to pay upfront. That way, you will know whether you can afford the condo or not.

 

• Be prepared with the list of features you want your condominium complex to have. These could include a gym, swimming pool, parking and laundry facilities.

 

• Visit the neighborhood at different times of the day. Help you determine whether the area suits you not.

 

• Keep the future in mind. There might come a time when you want or need to resell, so consider purchasing the largest sweet you can afford. Studio types and one-bedroom units are harder to sell. Also, choose the condominium complex in a prime location liked Baguio City, which is the summer capital of the country. That way, you’ll easily find a buyer should you want to sell your property in a few years.

 

Save time and effort in buying a condominium in Baguio City by seeking the help of a trusted real estate agent.