Davao Real Estate Articles
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January 26, 2012
Can you have pets?; Can you hang your clothes outside in your balcony?; Can I wash my car in the parking lot?
- 1. Status Information
This can include information pertinent to the operation of the condominium complex, such as monthly expenses and reserve funds available which could affect future association dues. It can also include by-laws, rules, regulations and restrictions which may affect your lifestyle. Questions can be as simple as "Can you have pets?; Can you hang your clothes outside in your balcony?; Can I wash my car in the parking lot?; Can I barbeque on my balcony?" If there are any questions and concerns, you can raise issues with the Condominium Board of Directors.
- 2. New developments
Pre-selling of new developments or buildings will have special issues and concerns, such as: What amenities are available?, When will they be ready for use?, When will the Occupancy Permits be ready?, How many future buildings will be built in the complex? These questions may be important because future developments can also mean more and more people will be using the amenities.
- 3. Your property rights as a condo owner
As a condo owner, the interior space within your unit is your property. Normally, the balcony is also considered your property if attached to your unit, as well as the laundry area if it is specifically defined in the Condominium Certificate Title and/or Contract to Sell documents. But, outside your main door, such as the hallways, stairwells, elevators, surrounding land, fences and facilities, is what is called the common areas because you own these areas together with other condo owners. A Real Estate lawyer can define and explain in detail your property rights.
- 4. Condominium Association
Typically, condominium owners will each own a share in the Condominium Association company and therefore will have one voting share to elect its Board of Directors. The Board will have great influence on the operation of the condominium. Learning more about the Board and the decisions made by them, getting involved and actively participating in discussions will affect your lifestyle and property value.
A useful resource for people interested in buying a condominium unit in Linmarr Towers is available here at our
Pricing and Info page.
This page provides links to important information on the steps, documentations, pricing with useful calculators,
a glossary of terms and - condo buying essentials to help you in a smooth transaction.
Linmarr Towers Pricing and Sample Computations
You can browse through each floor and choose your favorite unit. Find out the details of this particular
- area measurements,
- amortization schedule,
- promotional offers,
- and sample computations (Mortgage Calculator).
Try out the mortgage calculator to determine the monthly payments that would suit your budget.
Davao Real Estate
Tips and guide to owning real estate in Davao City, Philippines. Your guide to doing it right!
Buying a Home
You want to live in the nicest home that you can afford. And you want to have enough money to buy the things you need
and live the lifestyle you choose. You can achieve both of these by planning carefully and getting the right advice.
Building Your Team
You make the entire process of finding and buying a home in Davao much more enjoyable by simply
surrounding yourself with a team of experienced home-buying specialists
Searching for your New Home
The first step to choosing a home is to find homes for sale in Davao. Today you have more house-hunting resources
than ever before at your command.
Buying a Condo
When you hear "condominium," your first image may be of a luxury high-rise in a big city. However, a condominium is not a
type of building, but a type of property ownership.
If you have any questions and/or concerns please don't hesitate to