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10 Things condo owners should know
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I’m a condo owner. Just a small, beautiful studio at the Shang that I decorated with the help of Kellyn See and Rex Gapuz.
When the unit was turned over, I was extremely disappointed because of what we got versus what we expected, based on the showroom model we saw. Our condo unit was much smaller, had cheap cabinetry and bathroom fixtures.
We had to tear everything down.
After so much work, finally the wallpaper I ordered from the UK has arrived but needs to be installed. Once finished I will share with you new photos.

Our studio

I’m not a condo expert, but a friend of mine who works in the industry sent me a check list of what condo owners need to know (apart from the surprise I mentioned above). Here’s what it says:

A residential condo is a most viable dwelling place nowadays in urban areas because of the convenient lifestyle it offers to unit owners. The requisites for a hassle-free living are all there—location, security, amenities, and being part of a thriving community. Indeed, condo living makes life easier.
But before deciding to live in a condo, be it a vertical or horizontal development, one should know the following before purchasing:

1. The property developer is the one who chooses the location where to build its residential condo project.
2. The developer will initiate pre-selling of the property, residential and commercial units, all throughout the construction phase.
3. The developer assigns third party property managers to oversee the interiors, security, common areas, and overall aesthetics of the residential condo before the turnover of the building. Clients may consult any concerns about their units with the assigned property management officers.
4. When the building is finished, a representative of the developer together with the client will inspect the bare unit to check for any apparent defects, which the industry refers to as punchlist. The most common defects found during punchlisting are minor detailing works.
5. Upon turnover of the unit, the unit owner signs an acceptance form signifying his conformity that the unit is in perfect condition at the time of inspection.
6. Unit owners, upon acceptance of the unit, relinquishes all the responsibilities from developer.
7. The developer usually gives at least one year warranty from hidden defects that may arise.
8. Upon full turnover of the property to unit owners, the residents should form a homeowners association that will take control of the condominium building (security, maintenance, house rules, and regulations) assigning in-house contractors and utility personnel, among others. The association is also responsible for the appointment of the property management company that will oversee the daily operations of the condominium building.
9. Remember that as a unit owner, you will be part of the association wherein you share the ownership of the common areas of the building. The association dues that each unit owner pays is used for the maintenance, security, utilities, and other expenses needed by the association to manage the property. Individual ownership only pertains to the condo units purchased.
10. The developer relinquishes its right over the operations of the building once the association is formed by the homeowners.
(End quote)

That said, be careful when you choose a condo. Sometimes it’s best to buy after the building is finished and units are done, so even though it’s more expensive, what you see is what you get.
Once you’ve moved in, make sure your association that collects the monthly dues spends the money wisely. You don’t want to see couches with holes and carpets with stains at the lobby. Hopefully your garbage disposal doesn’t stink and the building and its utilities are maintained. Because if shit happens, the developer is no longer liable. It’s your investment after all.

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Jonax Duka
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Marco

NEVER Megaworld. N E V E R.

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Jonax Duka

looking for condo house and lot? please visit..http://www.homesdmci.com/

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Guest

My main concern before was what will happen after 50 years. By the time I will be 80+ and no place to live. So my husband and I decided to purchase a lot where we can build a house.

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lilyh2o aslee

there’s a home owner representative accredited by our developer who discussed with us the benefit of acquiring their services. i think this is a very good option especially for ofw’s.

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Guest

Thanks for sharing this! We’re about to have a condo turned over to us soon. I hope we won’t have any issues.

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Guest

“If shit happens”… I’m guessing this has something to do with the recent news about a condo ceiling collapsing on the owners while they were in bed?

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Pia

Oh! I just bought a condo here also. I have some condo buying tips din. Don’t focus on things you can change. Instead focus on things that you can’t, such as location, property management, building upkeep, reputable developer. I bought a sweet little place in a hip part town constructed by a solid Japanese company which had a size and layout that is functional for me. I thought the decor was kinda baduy, so I changed a lot of things before I moved in. It’s ok, finishes are easy to change naman, and even if you have to do it… Read more »

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mikesaba8

very nice suggest ms c!

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Jonax Duka Reply:

looking for condo house and lot? please visit..http://www.homesdmci.com/

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Jonax Duka

looking for condo house and lot? please visit..http://www.homesdmci.com/

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Anonymous

I’ve been living in a condo for about 8 years, and I’m glad that our developer really takes care of their developments. They still fix unit defects at no cost for us. Security’s really good, and common areas are maintained well. In addition to those listed above, make sure you buy from a trusted developer. If you’re unsure about the developer, better do a due diligence on it. You can ask from HLURB and/or the developer if certificates of registration and licenses to sell have been issued to the developer, whether titles to the land have been secured, among others.… Read more »

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Odellbub

Care to share who your condo developer is?

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Ricci Chan

Or better yet, make sure your condo building doesn’t explode like with what happened to ours.

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