For many city dwellers, condominiums remain a top residential option because of the integrated lifestyle, posh amenities, and high level of convenience they offer. Sophisticated-looking condominiums like Red Residences in Makati are also gaining popularity among luxury homebuyers and young executives.
As enticing as it is, living in a condo isn’t for everyone. Some people may prefer more space, so they go for a single-family house. Others aren’t keen to share facilities with others, so they choose not to live in a condo community. More importantly, moving to a condo isn’t a decision you can make overnight. There are several questions you need to ask yourself to determine if the condo life suits you well. Here are some of them:
Do You Have a Stable Job and Solid Savings?
Having savings isn’t enough if you’re planning to buy a condo unit. While this could help when you need extra money to back you up, it’s essential to have a stable income source.
Once you decide to purchase a unit, you’ll have to deal with upfront costs like the reservation fee and down payment. Some developers may require a spot cash down payment, usually around 20% of the unit’s total contract price. Aside from these, you’ll have to take care of monthly amortization fees and the association dues once you finally move to the condo.
Are You Ready to Go Carless?
When living in a well-located condo development like Red Residences, almost all major establishments are at an arm’s reach. This means you may not need to drive a car or use public transportation anymore. Consequently, you’ll be doing more walking or biking, which can be good for your health and the environment, too.
If you have a car, you don’t have to get rid of it completely. Living in a condominium with a walkability feature means that you’ll only be driving less. This could also be a good thing if the condo is near your workplace because you can finally say goodbye to traffic woes.
Do You Have Time for Plenty of Lifestyle Activities?
Modern condominiums like Red Residences are equipped with several amenities to help you maintain a balanced life. At the same time, they’re located near commercial and leisure establishments where you can unwind after a day’s work or spend time with loved ones. If you love the idea of living a well-rounded lifestyle and you’ve got time to do fun things, then condo living is for you.
How’s Your #Adulting Skills?
Moving to a condo is a huge step to becoming more independent. It’s exciting at first, but it could get frustrating later if you don’t know how to take care of yourself. That’s why adulting skills like cooking meals, organizing, sewing clothes, and budgeting are important to learn. If you already know these by heart and a couple of other advanced life hacks, then you’re probably ready to live on your own.
At the end of the day, you need to check first how ready you are for condo living before making a serious purchase. Besides keeping your finances in order, you must be mentally, physically, and emotionally prepared so you can live peacefully in your very own condo unit.