Buying a condo is a major landmark in one’s life, earning you bragging rights to this feat, especially if its done while you are young.
But how do you really go about it?
Here are some tips:
1) Know where, what you want to buy and why?
Are you buying for personal use? If so, you’d probably need one close to your place of work.
If you however, has business in mind by way of renting it out, then you might as well decide on your target market. Will it be students or employees? There are many condos in the vicinities of universities like the ones along Taft Ave.; as well there are several in business areas like Ortigas, Mandaluyong and Makati.
2) Check your financials and consult with knowledgeable people.
How much are you making? How much can you afford to deduct from the monthly paychecks for the deposit and subsequent payments? Yoi might want to clear yourself of debts first, including credit cards, before you embark on your journey.
3) Save aggressively for six month.
This, to shore up needed funds for your acquisition and to make the process less of a headache and stress. In accountancy terms, it’s called liquidity. You don’t let your mortgage payments limit your financials.
4) Voila! Congratulate yourself
