4 tips you need to know before buying a new property

Amid the uncertainties the world is facing today because of the health crisis, the real estate industry in the Philippines remains to be resilient as it continues to provide attractive investment opportunities for many people.

Multiple real estate experts have opined these times as the golden chance to acquire properties. In his talk during The Vicon, the first virtual property expo held on June 24, 2021, associate director of Colliers Philippines Joey Roi Bondoc encouraged interested homebuyers not to delay their plans of purchasing a property. According to Bondoc, by the time the health crisis ends, property values will have appreciated, allowing those who have invested early on to reap the rewards.

Now, more than ever, the residential sector stays robust as individuals are on the lookout for homes that will give them a safe and healthy environment to live in. House-and-lots properties provide a generous and exclusive space for people to move around freely and enjoy a certain standard of comfort despite the restrictions brought by health restrictions.

Buying a home, whether for investment or personal use, is always a big task from start to end, and only those who come prepared come out successful with less stress and expenses.

Listed below are the top tips for buying a house to get the best value out of your hard-earned money.

1. Location is King

Most often than not, when planning to buy a house, location is always the first factor that one should consider. Everyone wants to live in a place that is close to every need, such as schools, hospitals, shopping and lifestyle centers, places of work, among others. Aside from these, one should also think about its proximity to transportation lines, hubs, or best of all, an airport. 

Apart from the convenience that a property's location can provide, investors must also learn about the future developments that they can expect to see within the area. The brighter the prospects are, the better their expected investment returns will be. 

2. Take a Tour Anytime, Anywhere

In the new normal, in-person site tripping may be a thing of the past. Real estate companies have turned to proptech or property technology. Proptech is about using technological innovations to help aid real estate needs. That may mean meeting with property consultants, reserving and paying for a house, and touring a site online. 

Virtual tours of different communities and house models can help aid a homebuyer in making the best decision when purchasing a home. Through these, one will be able to see the ins and outs of their desired property. 

3. Mind Your Monthly Costs

Purchasing a home comes with enormous financial commitments. While it is beneficial to save up money when buying a new home, minding the monthly costs can help a homebuyer get their dream home without putting added stress on the budget for their daily necessities. 

Learn about the fees that come with buying a home, such as homeowners' association (HOA) dues. The homeowners' association overlooks the management and welfare of the community. HOAs require its members to pay monthly fees to cover community maintenance, security, garbage disposal, and other community-related expenses.

Taking into account all the monthly costs early will prepare a new homeowner as they settle in their new home. 

4. Check the Developer's Track Record

There are many developers in the country that promises a beautiful lifestyle, but not every developer delivers. A home is a lifetime investment and so, one must look for communities that have a list of accomplishments and existing communities to serve as proof. It will also not hurt to check reviews of people actually living in those communities. 

A good track record will help make sure that the money one invested in that property is poised to grow in value over time. 

Come Home to Camella

Camella, with over 40 years of experience in the industry, has built many communities that are close to business and commercial centers, schools, hospitals, places of worship, and transport hubs. 

Homeowners here enjoy community-exclusive amenities like landscaped parks, sprawling green spaces, a basketball court, a swimming pool, jogging trails, and a clubhouse for events and other functions, all within a walking distance. 

Safety and security are also a priority as each community is gated with high perimeter fencing surrounding the village, 24-hour CCTV monitoring the entrance gate, and 24-hour roving security personnel within the neighborhood. On top of these, homebuyers may also opt to upgrade to a Smart Home that incorporates home technology features for heightened security and comfort.

Camella's experience in building flourishing communities is shown through the properties you can find in Luzon, Visayas, and Mindanao. 

To reserve a Camella home and live the life you have always dreamed of, explore its communities here.

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