Ten Questions to Ask When Buying a Condo in Cebu
(The Freeman) | Updated July 5, 2014 - 12:00am
CEBU, Philippines - With so many developers already participating in Cebu's booming property industry, prospective buyers and investors easily get overwhelmed with information. Considering the amount of investment involved, it is important that customers know exactly what to look for in order to make the best choice when purchasing a condominium unit in Cebu.
There are certain indicators of quality that every home buyer and investor should look out for. Rockwell Land, one of the most trusted real-estate developers in the Philippines, suggests ten questions to ask a real-estate developer:
1.) Where is the property located? How about the surroundings - is noisy or quiet?
Location is a major issue when talking about property. But it is time buyers look beyond just mere proximity factor of the property's location, and consider the very conditions obtaining in and around the place itself.
While living amidst a business district may mean easy access to retail establishments and offices, peace and quiet are often compromised. It is advisable to choose a property that is conveniently located and yet with a sense of exclusivity and serenity in its surroundings.
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2.) What amenities are there?
Amenities like swimming pools, clubhouses, function rooms, a game room, children's play area, lawn, multi-purpose court, gym, and jogging path provide for quality time with family and friends. And these amenities must be clean and well-maintained. While amenities are meant to be shared among neighbors, it is also important that they are not overcrowded and that residents are able to use them at their own leisure.
3.) How many units are there in the development?
The number of units and density in a development project is vital to the privacy and comfort of its residents. The higher the density of the development, the more crowded and less comfortable the living experience of its occupants.
4.) How is the quality of the finishes?
The quality of the interiors of the units is just as important as what are seen in the common areas and amenities. Aesthetic appeal shall go with practicality.
5.) What is the community like? Who will be my neighbors?
The neighborhood is an important aspect to overall lifestyle. Thus, the community is an important factor to consider, whether buying a unit for end use or as investment. It is crucial to be in community with decent and peace-loving people.
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6.) How safe and secure is the development and its surroundings?
Safety and security is a non-negotiable consideration when purchasing a property. The customer needs to be sure that his investment or new home, especially its occupants, is safe from any form of harm.
7.) How prepared is the development for possible flooding?
It is a common thought about condominium living that floods are never a problem since the units are often several floors above the ground. However, in the light of today's wild weather conditions, it is wise to be prepared for anything, and preparation shall start right from the very design of the development project. An ample drainage system must be in place.
8.) How is the development prepared for power outages?
A back-up generator for times of power failure has now become standard among many developers. However, this usually means back-up power is provided only for common areas such as lobbies and hallways, or for only one or two sockets inside the residential units. It is important that clients clarify with the developer how much back-up power is provided.
9.) How much water supply is available in case of emergency?
Provisions for water, a basic necessity, are often overlooked by both developers and condo buyers. Yet, as common sense would suggest, a substantial water reservoir must be in place, to supply water at least two days in extreme circumstances.
10.) Who is the developer behind the project?
More than a popular name or flashy branding, a developer must have years of experience, a veritable project portfolio, and a proven reputation for delivering as promised and providing committed service to clients. Buyers should look at the credibility of the developer of the project, to be sure that his future home or investment is of guaranteed quality.
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