Sunday, May 1, 2016

How to be a Financially and Socially Responsible Condo Unit Owner in The Philippines

davao condominium property
Image Source: http://davaodaily.com/

Living in a Davao condominium property for sale is a commitment, financially and socially. You are given the privilege to the condominium property’s amenities as well as to its accessibility to different necessities like market, school, and transportation hubs.

However, every privilege an individual could enjoy living in a Davao condominium is equivalent to certain responsibilities he should commit to: financial and social responsibilities.

Financial responsibility includes all the payments an individual needs to settle before and while living in a condominium property. Keep the following in mind:

Price range differs according to the location.

The price of the condominium property in Davao is different from those urban cities in the
National Capital Region (NCR). In addition, cost of living in Davao is 15.80% lower than in Manila. (Numbeo.com)

Know what association dues is

Association dues is the monthly payment tenants have to pay. Association dues contributes to the operational expenses of the property such as the repair and maintenance of swimming pool, playground, gym and other amenities. It also contributes to keeping the property safe and secured.

…and the other fees as well.

Other fees include connection charges for utilities and parking fees. As there are specific contracts for each different developer, make sure that you have made communication with them regarding this. Know the expenses included and excluded from your association dues. In return, this will help you keep a well-managed budget for yourself. Likewise, pay attention on the amount of
real property tax you need to pay with the unit you own.

Keep penalties at 0 values.

Penalty is the amount you need to pay for missing a due date. Basically, penalties make you pay more. So to save you from more expenditure and to keep your budget on track, have a definite payment scheme that works with you.

Aside from the financial responsibility that will keep you from living in your newly owned condominium property for sale in Davao, you also share social responsibility with the other residents of the condominium.

Respect the condominium’s space.

Remember this: buying a unit in a condominium property for sale in Davao doesn’t entitle you to ownership of the whole property. You are sharing spaces, like elevators and hallways, with other people so keep polite. A simple smile or nod would do you no harm. Also, when using the building’s amenities, make sure to keep it clean.

Respect your neighbor’s space.
Especially with the ones that are living next door from you. Refrain from starting a videoke party so late at night that you may wake your neighbors. Mind the sounds you make (inside and outside) of your condominium unit for it might disturb others.

Moreover, be friends with them. Having good communications with your neighbors will earn you friends. It just starts with a polite smile and small but respectful talks.


Communicate with the property manager.

Talking to the property manager doesn’t need to be always about complaints. Ask them about the things you don’t understand. They can always help you save your budget and the property manager is the right resource to ask regarding things that you are allowed and prohibited from changing in your condominium unit. 



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