megaworld logo
Michael Kingsu
bgcfortcondos.com
Mobile / SMS / Viber / WhatsApp: +639178406453
Landline: (+63 2)7622-6834
michaelkingsu@yahoo.com
king su
  • Home
  • About
    • Living in Fort Global
    • McKinley Hill
    • The Fort: Architectural Inspiration
  • Townships
    • McKinley West
    • Uptown Bonifacio
    • McKinley Hill
    • Westside City
    • Arcovia City
    • Alabang West
    • Eastland Heights
    • Maple Grove
  • Pre Selling Properties
    • 18 Avenue De Triomphe
    • Eastland Heights Antipolo
    • Gentry Manor Westside City
    • Greenbelt Hamilton
    • Maple Grove Commercial Lots
    • Park McKinley West
    • San Antonio Residence Makati
    • St. Moritz Private Estate
    • The Albany McKinley West
    • The Ellis Makati
    • The Florence at McKinley Hill
    • The Fifth Ortigas
    • Uptown Ritz Residence
    • Uptown Parksuites
    • Uptown Parksuites Tower 2
  • Ready For Occupancy
    • 8 Forbes Town Road
    • Alabang West Village
    • One Uptown Residence
    • Paseo Heights
    • The Venice Luxury Residences
    • The Viceroy Residences
  • Update
  • Contact Us

Mistakes Condo Buyers must Avoid

Posted on June 1, 2015 by Fortglobalcondo — No Comments ↓

Getting your own condominium unit in the Philippines can be exciting.  You’ll finally have a place to call your own, which is a big thing.  But don’t jump into the high rise real estate market right away.  Remember the proverbial quote Look before you leap?  It’s easy to overlook the little hiccups when you’re excited about the prospect of having your own pad.  And sometimes, these little things could snowball into much bigger problems later on. Here are some of the mistakes many condo buyers commit that you should avoid:

Assuming that payments end when the mortgage is all paid up

mortgage

Image source: here

Fees don’t end when mortgages do. On top of the usual utilities, you also need to pay for the upkeep of your building’s amenities.  And Homeowner Association fees don’t come cheap.  That is why it is important that you include this in your monthly budget.

Assuming that you’re automatically a condo person

condo person

Image source: here

While condo living is tailored to cater to a wide variety of needs, it’s not for everyone. The only thing separating you and your neighbors is a wall and all amenities will be shared with everyone else in the community, including the pool and the gym.  It’s important for you to first assess if you’re really cut out for this type of setup.

Trusting a real estate agent too much

trustingagent

Image source: here

Sure, real estate agents know more about the building than you and this can be incredibly helpful if you have questions about the property.  However, while they can guide you around and tell you everything you need to know about the property, the decision is still solely up to you.  Don’t rely on the assurance from the real estate agent alone. Visit the property yourself so you’ll know what you’re investing.

Not getting it on paper

getpaper

Image source: here

Better safe than sorry.  While your agent may seem like the nicest person on earth, it still pays to get everything you have both agreed upon on writing.  Contracts are a proof that a transaction has been made, and it is important that you have one in place.

Getting mortgage insurance

mortgage insurance

Image source: here

A mortgage insurance may provide you coverage should you be unable to fulfill your obligations due to unfortunate circumstances.  But more likely, you won’t be needing one.  Stick to your budget and forego the mortgage insurance.  Talk to your bank about the fees you’re paying for and ask to forego the mortgage insurance.

Not reading the rules and regulations

rulesregulation

Image source: here

The task of reading through your condo community’s rules and regulations may sound like a tedious one, but this ensures that you are not breaching anything.  In addition, understanding proper decorum in your community lets you know when to call the property manager’s attention when your neighbor is being un-neighborly.

Not thinking like a re-seller

thinking

Image source: here

Sure, the idea of re-selling or leasing your unit may be far off, for now.  But five years in the future, you might be entertaining the idea.  Treat your unit as an investment that can guarantee huge returns in the long run.  Having this mindset allows you to take utmost care of your unit and make necessary changes and fixes to keep it in pristine condition for a long time.

Sources:

thompsonburton.com

kmcmaggroup.com

premiumpartnersandassociates.com

starrsackin.com

alberta-mortgages.com

elsword.to

allfamilysites.com

About Fortglobalcondo

Fort Global Condo is the official website of Michael Kingsu, Assistant Sales Manager of Megaworld Corporation. He joined Megaworld Corporation as a Property Consultant in Zenith Division March 2010 after finishing his Business Administration Degree from De La Salle – College of Saint Benilde. Through the practice of good working habits and dedication to his job that provides assistance and good quality service to his clients. He ended the year 2010 as the 10th Top Producer out of 130 Property Consultants on his first year in the company. This website offers excellent service and specializes in providing information in best real estate investments. For those who are interested investing in Township Projects by Megaworld Corporation, this will satisfy your dream home and investment. You are going to see a various projects in upcoming New Central Business District of the Philippines- Fort Bonifacio Global City, Taguig. If interested you may contact my direct mobile number or email address. As I can provide an excellence service and good relationship with clients.

‹ Condo Etiquette: How to be a Good Neighbor
8 Things to Look for in a Luxury Condominium ›
Posted in Uncategorized, Update

In Archive

  • July 2019
  • June 2019
  • May 2019
  • February 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • June 2014
  • May 2014
  • June 2012
  • May 2012
  • March 2012

About Us

BGC Fort Condos showcases all of the real estate development and projects of Megaworld Corporation in the Philippines.

We are offering the best deals in real estate investments. See all of our offered properties such as residential spaces and condominium units.

Can't decide on what unit to take? Call us and we will help to find the best property that matches your lifestyle and budget.

For more details, questions, or inquiries, you can contact me directly:

Michael Kingsu

bgcfortcondos.com

Mobile / SMS / Viber / Whatsapp): +639178406453

Landline: (+63 2)76226834

michaelkingsu@yahoo.com

Copyright © 2025 by Fort Global Condo - Megaworld Condominiums | SEO by SEO-Hacker. Designed, managed and optimized by Sean Si