Buying a House in Makati
Makati is a beautiful city in the Philippines in the Manila metropolitan area. It is widely regarded by many as the financial center of the city as it has the highest concentration of banks and corporate headquarters within the country. Many foreign embassies, banks, and department stores are also headquartered in Makati. It is a beautiful city with high-rise buildings, lots of entertainment options, and a bustling nightlife. Despite the fact that the permanent population of the city is around half a million, it rises to well over a million during the daytime as people come from the nearby suburbs to work, shop, and trade.
It goes without saying that property prices within Makati are touching the sky. If you want to buy a house in Makati, you will need to have a sizeable budget. However, even though having the money is the most important thing, it’s not the only requirement for buying a house in the city.
Check Out Featured Properties
The first thing that you need to do is go online and check out the properties on sale in Makati. There are plenty of local real estate agencies through which you can check out different properties. Most agencies quickly upload pictures of different properties online as soon as they become available. This gives buyers the option of checking out featured properties and also gives them an idea about the kind of properties that they can afford.
Properties in certain neighborhoods are very expensive. For instance, the utopian class generally prefers buying properties in Dasmarinas and Forbes Park. However, there are plenty of other neighborhoods in Makati that you can check out such as Pio del Pilar, West Rembo, Bangkal, and Tejeros.
Patience is your best friend when it comes to buying a house. Rather than being goaded into buying a property by your real estate agent, it’s important that you check out different properties and compare the pros and cons. For instance, apartments close to the city center are more expensive. For the same price, you could get a larger bungalow as you move away from the city center. There are several factors that you need to consider before buying a house. For instance, what about the local schools in the neighborhood? Also, how far is your office from the house? Rather than renting or buying a cheaper place in the outskirts of the city and then spending a fortune every month on transport, it might be wiser if you splurge on a place that’s closer to your office.
Buying a house in Makati is now easier than ever before. There are plenty of real estate agencies that now offer guidance and assistance online. You should also visit the place yourself and check it out thoroughly before you open negotiations on the property. Many places in Makati are also sold in auctions. If you are bidding on a property, try not to be emotional. Talk to a real estate agent and find out about the real estate value in the neighborhood before you buy a house.