The Philippines is a fast-growing Southeast Asian country that continues to thrive even in the middle of social disturbances like the COVID19. The sudden drop in the general economic condition worldwide because of the emergence of COVID19 has created a positive shift in the real estate foundation in the country.
The global economic shift has created a massive difference in terms of placing the Philippine workforce into motion. Work from home opportunities increased the possibilities of more businesses vying to bring their businesses to the country and hiring highly skilled Filipino workers to work for them online.
As a result of this turn of events, many are now interested in investing in Philippine real estate properties for residential and commercial purposes.
Whether you are a business or an individual looking into buying your real estate property in the Philippines, here are some of the basic things you need to consider before signing the contract:
The Function of Your Property
What is your property going to serve?
Is it going to be your permanent residence? Or would you buy it to lease for others to rent? Would it serve as a business portal for your small business?
These reasons should be clear, especially when you are looking into buying a unit in a building. Disclosing the purpose of the property you are going to buy is one of the requirements when your agent begins to draft your ownership contract.
The Location of the Property
Where is the real estate property located?
Still, depending on your property’s purpose, you ought to pick the right property that would best fit what you are going to do with the space. When living in the city, convenience is often a requirement. Easily getting what you need when you need it is critical to defining a satisfying lifestyle in cities.
Hence, when picking the right location for your property, you need to consider the convenience and easy access to the supplies you need. At the same time, you also need to check the transportation accessibility of the area where your property is located.
Amenities and Perks
Amenities and perks in real estate properties are often the winning points of every property. Some properties have gyms, sports areas, playgrounds for children, and swimming pools. Even though they can be accessed publicly by others who share the building’s vicinity, the amenities added to the property would all affect the pricing of your property.
Note too that property agreements require tenants to pay extra fees to access the amenities within the building. Depending on the contract you sign with the management, you ought to note that these amenities do not come for free because of the maintenance needed to keep their desirable and functional conditions.
Investments and Insurances
Your real estate property needs to be insured.
Usually, real estate agents provide you a fair understanding of what real estate insurances are available for you to choose from.
On better occasions, you are immediately enrolled in real estate insurance policies that work well with the company they are in alliance with. Real estate agents are more than capable of providing you with the assistance you need to ensure your property is well insured.
Why Choose Gold Residences SMDC?
Given all of the considerations noted above, if you plan to buy real estate properties in the Philippines, the best and safest way to go is with SMDC.
One of its feature properties is the Gold Residences in Paranaque City, an accessible property just across NAIA Terminal 1.
The best deal about this property is that it sells out at a much lower price rate now as Phase 1 is still being completed. With the completion of the whole project targeted in September 2024, you can secure your property now. By the time Phase 1 is complete, you could immediately transfer as the building opens for occupancy.
There are 16 buildings planned to be part of this whole real estate project, with 11 storeys giving you a cozy yet luxurious feel of staying in a residential location that is both welcoming and functional to provide a satisfying life to tenants.
The Gold Residence by SMDC also boasts amenities including a separate adult pool and kiddie pool, a grand lobby, a children’s play area, and a cool jogging path to give you the perfect space to jog around any time of the day.
The best thing about SMDC is that the trust and satisfaction reflected by the clients they served for many years are of the highest rates. This is because the company dedicates itself to creating livable and functional spaces depending on the community’s new developments where they want to build their properties.
Call now and find out more about Gold SMDC Residences today with Metro Realty Search.
Louie is the father behind the travel blog Browseeverywhere.com. He has a background in photography, E-commerce, and writing product reviews online at ConsumerReviews24. Traveling full time with his family was his ultimate past-time. If he’s not typing at his laptop, you can probably find him watching movies.