Moving to a new city is a major milestone in one’s life. Maybe you wanted to start living on your own, starting fresh in a new city. It might be a move related to a job opportunity, relocating to be near your work. Or maybe it’s a step towards a place you want to call home, such as those who invest in a house or a condo in Baguio City, a popular tourist destination in the Philippines because of its year-round cold climate and different attractions.
Moving into a new city definitely is a huge undertaking. And besides the location, you should also decide whether a landed property or a condo is what’s best for you. If you’re gearing towards living in a condominium, here are some things that can help you prepare for condominium living in a new city:
- Know the Location
First things first – moving in a condo is one thing, but moving into a condo in another city is another. It is therefore important to get to know the location you are planning to move into.
Study the neighborhood. Know how close the essential establishments are such as malls, hospitals, banks, and the like. It is also best if the condo you’re looking at is close to your office so you will not need to worry about traffic when going to work.
- Know Your Budget
Whether you choose a landed property or a condo unit, your budget really plays a huge role. Your budget can define what kinds of locations and property you can afford.
It is best to be able to plan your finances before making the ultimate decision, taking into consideration everything that needs to be settled. For a condominium, it doesn’t end with paying for the unit, as there would be association dues, for the maintenance of the building structure and of the common areas. For condos and landed property, there would be property taxes and insurance.
Investing in a property is definitely a major financial decision so it’s best to be prudent before making your final choice.
- Know Your Goals
Unlike a house and lot, a condo can offer a relatively smaller space for you to live in. It is therefore vital to know what your life goals are at this point so you can match it with the right type of condo unit for you.
Maybe you like hosting small gatherings with your family and friends, requiring you to find a unit with bigger floor area rather than a studio. You may also want a small home office, or a space to be able to accommodate a pet or two. Whatever your goal is, use it to screen your condo options.
- Know Your Lifestyle
Purchasing a condo unit means living more of a community lifestyle. You will be residing inside a building with other residents. Although you are not required to get to know everyone, it is inevitable that you bump into other people in the building lobby, the hallway, the elevator, and in the amenities.
There will be a lot of avenues for you to socialize and get involved as compared to living in a landed property where you can get through the day without seeing your neighbors. If this lifestyle works for you, then choosing a condo shouldn’t be a problem.
Moving into a new city is an exciting endeavor. But before you pack up and move into your dream home, it’s best to be smart about it. Investing in a property entails a serious commitment.
Being in a condo in a new city can be a great idea, but only if you are able to move into the right condo in the right city. So choose wisely.