Condo Living 101: What To Expect When Living in a Condominium in 2016
Of all real estate properties you can invest in the Philippines, why choose a condominium? I’m sure a lot of you here might have the same sentiments, right? But then, you finally decide to in a condo unit. Perhaps, you are one of those people who just closed the biggest deal of his/her entire career, and you want to live in a condo unit to reward yourself for that. Exciting, isn’t it? A lot of us here may have already heard that living in a condo is recommendable since you will definitely enjoy your stay. Not just that, you’re taking life to the next level.
There are actually a lot of benefits you can get when you live in a condo. In fact, more and more homebuyers choose to invest in a condominium than any other properties. Although not everybody may be convinced staying in a condo since it is undeniable that there will also be some cons about it. But heck! If you want to have a life worth living, it doesn’t matter where you stay for as long as you are satisfied living in it. Agree?
However, if you are one of those people who are planning to live in a condo this year, then you might as have some expectation from it. And to give you some idea, below are the things you can expect when you decide to live in a condo unit.
This is one of the reasons why most homebuyers love to invest in a condo. They can enjoy their right to use the amenities and the facilities in the place. Unlike any other real estate properties, condominiums let their residents enjoy and have fun while they have their stay. Of course, we are talking about amenities such as the swimming pool where you and your kids can enjoy, a gym or fitness center, eco-friendly and energy-efficient homes, a pet-friendly residence, and many others.
With this alone, you will enjoy your stay. But before anything else, you also have to make sure that you know the rules and regulations of the community for you to avoid problems when you want to use one. Moreover, the amenities are for everybody’s use. That means, you also have to respect every person who also use their right to enjoy the amenities and facilities of the place.
Be part of a community
Basically, you have to expect that you will also have a lot of neighbour in your community. Just like any other residences or real estate properties, you can also have a community. Fret not! Most condo owners love to spend their free time socializing with each other. And if you are new to the community, you will not feel an outsider since you got to meet homeowners who are friendly enough for you to feel belonged. There are even homeowners who welcome you with a simple party since they are grateful that you choose to be a part of the community.
Moreover, you don’t have to worry about anything else since your neighbours will respect you on whatever you believe in. Of course, they also expect that you will also do the same to them to avoid any complications with each other.
Taking advantage of a great location
This is also one of the advantages when you choose to stay in a condo unit. Basically, all rooms are located in a great location. But you have the chance to choose which location you want to avail. Of course, it is up to you to choose which floor and room you want to live. Well, expect a great view every single day. And of course, you will not just love its view, but the accessibility of the place. Most condos are found in the cities, which is why it is easier for you to find the place especially when you use a public transportation when getting back and forth from work.
And if you are one of those homeowners who just love to go out and have some fun, condos are usually located near to great shopping and dining centers as well. Moreover, although condos are usually located in the cities, you can still expect a safer place to stay since there will be pedestrians and security guards who are willing to help you in arriving at the condo safely.
Making decisions together
Before you decide to live in a condo, you have to know that there will be a Homeowners Association or HOA, where most homeowners gathered for a meeting for the betterment of the community. And since you are living in that particular community, you should also be prepared to make or share some opinions with another residence in the place. That means, your opinions or decisions will also affect the other residents of the building. Moreover, most of your decisions will be made jointly.
Don’t take this as a bad thing to have. In fact, being one of the members of the Homeowners Association of the place is an opportunity for you to have. Of course, you can meet potential people who can help make the community even better for you to live. If there are any improvements of the place or any programs you need to, it is not just other homeowners who can benefit from it – also you.
Condo may include other fees
Aside from your down payment, bills and expenses, there are also other fees you are obliged to pay. Of course, you are already a homeowner of the place. It is your responsibility to follow any rules and regulations, especially when it comes to financial matters. That means you have to be prepared whenever the association tell you that you that there will be some sinking fund to make for this particular project. Of course, you are part of the team, so you should also follow the policy.
Usually, when your association wants you to pay extra fees, it is for the betterment of the community. Or perhaps, they want to help a particular foundation and want you to also extend a helping hand. If you are too much concerned about where your money goes, you can definitely ask to have some open book on where and how the money was spent. Of course, it is your right as the homeowner to know what is going on with the community.
There are actually a lot of things that you can expect if you are planning to move and live in a condo unit. One thing is for sure, everything will have pros and cons. Again, it doesn’t matter where you live for as long as you are living a life with satisfaction and contentment.