Are you worried about how you’d be meeting your mortgage payments? Do you feel that in the future it may be a problem for you? Do you want that hard reassurance to tell you that you could maintain your payment for this mortgage for years to come?
As soon as people back home knew I was working abroad, I was treated like a goose that lays golden eggs. That was something I realized that most OFWs felt. Everybody was selling me or asking me to buy something. I tried to keep my head straight by focusing on investments off the bat. This is something I knew would ensure that all the hard work in the middle of the desert will not be wasted. Buying land or real estate in the Philippines appealed to me most because it’s practical and sensible. Like all investments, it takes a lot of smarts to make sure that money and time is not wasted. From my experienced I realized a few important things when buying real estate which you may find useful.
Condo living at best is like living in a resort or hotel. That’s what most developers guarantee. It should not be a “too good to be true” proposition. The condo that I bought has delivered on their promise. We just have to be smart in making choices. I’d heard from well-intended brokers, read from news articles but nothing substitutes for experience. Hopefully you could get the same good results by keeping these things in mind:
1) It’s all about convenience.
The list can stop right here. Everything should be dictated by convenience. It is the main thrust of condo-living. A lifestyle fit to who you are. List down what your priorities are. If you’re single, it’s a little easier to define. If you have a family, you have to check out if are there any good school near the area. Are you going to swim as often as you think you will? Are you going to the gym as often? In the end, you’ll be spending most of your time inside your space, which leads us to #2. Read more →