5 Crucial Factors to Consider When Buying a Property in the Philippines

Summary: Consider these five factors when buying properties in the Philippines. You’ll be able to find the best value home for your family or commercial property for your business with these factors in mind.

Read Time: 5 minutes

We all have our unique definition of a "dream home."  Some would take a condominium as their ideal place to live, while some may consider a house and lot in a gated community. In the Philippines, there are exceptional properties for sale located in the country's busy cities or developed areas in the provinces. If you're planning to buy a property soon, remember the following five crucial factors to make an intelligent buying decision.

Factors That Influence Your Property-Buying Decision

Don’t jump on the first property on the list! Let these factors lead you to the best value real estate property.

Location of the Property

The most important factor when considering buying any property is the location. Purchasing a property is a substantial long-term investment, and thus, the buyer should primarily view the right site. The property location also influences the house and lot price.

Whether you have a family or are planning to start your own, a residential property could become your future home or a source of income as well. If you're looking into commercial properties, the success of your company, business, or shop is dependent on its location.

For residential and commercial properties, consider an address with a good value and reputation. You and your family's needs must also be addressed, such as accessibility, nearby amenities, the overall appearance of the location, and more.

House & Lot Size

After you've decided on the right location, it's time to determine the size of the property. How much living space do you need to live comfortably? Do you need a room for each family member? Do you have frequent guests?

There are so many questions to consider when it comes to house & lot size. All these will also play a key role when determining your home's overall design and style if you want to construct one from scratch.

There is also a ready-to-move-in brand new house and lot for sale, such as house and lot properties in Cavite, Laguna, Rizal, Bulacan, and Batangas. These properties have specific dimensions, designs, and styles but are still open for renovation to work with your needs.

You may also opt for condominium living, properties that are primarily located in metro cities. Condos have specific sizes, designs, and styles but shared areas for residents like recreational facilities, concierge, parking, and elevators.

Your Security

Consider your and your family's safety and security as a factor in deciding the best house and lot. The property must be in a secure location whether you want to live in the city or province. Homebuyers feel more confident in a gated community or subdivisions as these areas offer limited access, 24 security personnel, and installed security equipment inside the community.

Meanwhile, condominium buildings are also secure residential properties. These have limited access points, security personnel, and installed security cameras and other security equipment to protect their residents 24/7.

Environment

Your home is more than a place you stay; it should be in a sustainable area where you and your family have room to have fun, enjoy and live. This is why most modern houses and lots are located in a master-planned community.

In this residential area, homes are built near recreational facilities and places where families and residents can meet and enjoy themselves. Such a master-planned community is Sabella Village by MyCitihomes, where you’ll find buy and sell house and lot properties.

Sabella is an eco-community where there are residential areas and recreational areas. Located in General Trias, Cavite, Sabella is secure with 24-hour security personnel in the village gate and access areas. There is a church, a recreational pavilion, pool, spa, and basketball court.

Kaway'an is inside the village, where greenhouses, orchards, pavilions, ponds, horseback riding, and biking lanes. This village is everything that a family could ask for, and it's just minutes from the metro.

Community Lifestyle

Choose to live in a community that will inspire you and helps you grow. Buyers are looking for communities with expansive green areas where they can live and play. A community with recreational facilities will also inspire you to keep healthy and engage in sports or outdoor activities.

On the other hand, metro properties may not have adequate lifestyle amenities compared to those from subdivisions and communities in the provinces. For this, consider local lifestyle spots like nearby gyms, spas, salons, basketball courts, lifestyle malls, parks, and gardens.  Look for a safe place where your kids can play, such as playgrounds and daycare areas.

Conclusion