Of course, many people have preferences over their kind of residence. Some may want to have a small and simple home for a small family, but others want large rooms, large spaces, and large houses to accommodate bigger families (or even just to show off).
For example, some people want to be near the countryside and be away from the crowds every time they go home, while others want to be inside the city and experience the buzz and excitement of nightlife and shopping. Still others want a retirement home beside a beach, or on mountainous areas to be near nature everytime they go on vacations. Whatever kind of residence you want to live in, it is wise to research before buying that dream house.
The article below will give readers a primer on buying condo unit in the Philippines, with a special interest in Cebu City. It also offers tips and suggestions when you are in the process of scouting for a Cebu Condo.
Cebu City, known as the Queen City of the South, is the second biggest city in the Philippines and the oldest city, being the first Spanish settlement in the country. It is situated in the Central Visayas region of the Philippines, and has a robust economy and a very progressive development second only to Manila. Plus, it is also one of the country's top tourist destinations.
Cebu City, despite its vintage reputation, is surprisingly very progressive: it has one of the biggest shipping ports in the country. In fact, 80% of the country's shipping companies are located in the city. Having this kind of industry generates a lot of jobs and secondary businesses in the city.
Cebu also has the second largest international airport in the country, and services flights in and out of the Philippines. Because, it is a large commercial hub outside of Metro Manila, Cebu City continues to play an important role in Philippine business and trade industry within the regions of Visayas and Mindanao.
What makes Cebu a tourist haven for locals and foreigners is the proximity of beaches and resorts. Cebu is near the island of Mactan, which has rows and rows of beach resorts that are frequented mostly by foreigners, generating tourism jobs and revenues for local citizens. The island of Cebu itself is rich with nature attractions, and so no wonder that people come here and do business in the city, as well as making permanent residency in this city.
Opting to stay in a condo in Cebu, whether rented or owned, offers convenience when working inside the city, or travelling around the province. Two of the main draws in purchasing a condo unit or renting it is that it is inexpensive and practical. Compared to living in a hotel, condos help you save money in the long run.
There are many condos in Cebu that are high in quality. These condos will give you the opportunity to experience luxury and clean living in the city, at a cheaper price. The kind of condo you want to live in will depend on your preferences, and there are many condos in the city that suit many individual tastes.
For those who want to be near with nature, there are condos located near beach resorts in Lapu-lapu City and in Mactan Island. Depending on the location of the condo, beaches can either be a walk away or a five-minute drive away from your home.
Cebu condos are typically located near shopping malls,department stores, and places of convenience where you can shop for your daily needs. These condos are designed towards convenience for the occupants. Plus, residents can go to diners, restaurants, and entertainment centers which are only a couple of minutes' drive away.
Another way to buy a condo unit is through the Pag-ibig Housing Loan, which is provided by the government's Home Development Mutual Fund. If you are a Pag-ibig member, you can avail of this, but you need to have at least 24 months of member's contribution (or P4,800). If you are an employee and have been paying contributions, you know that half of that contribution is shouldered by your company, while you pay the other half. Voluntary and self-employed members pay their monthly contributions in full. This kind of house financing service is also available to Overseas Filipino Workers (OFW). For further information about the Pag-ibig Housing Loan, you may contact us.
Aside from those considerations, you may want to check out the build of the building. Is it made with the best materials possible? Is it built to last? Is it built to withstand natural calamities? You may want to ask the developer about its construction or the materials used. Doing so may further arm you with information to make an informed decision.
No comments yet. Be the first to leave a comment.