Mansion for Sale in Philippines: Everything You Wanted to Know
The
Philippine luxury real estate market is one of the fastest-growing industries
in Southeast Asia, so it’s easy to see why both locals and foreigners are
interested in the mansion that is up for sale in the Philippines. Are you
interested in a luxury home to live in or as an investment? Here are some of
the things you need to know about acquiring mansions:
Prices vary wildly
It’s
not unlikely for you to come across two mansions that are similar in terms of
size and amenities, except that one is double the price of the other. The main
reason behind this price difference is the location. A mansion for sale in the
Philippines that is located in a provincial town will be millions of pesos
cheaper compared to a mansion in Metro Manila.
Deluxe luxury homes in Metro Manila also differ in price depending on
the gated community where it is located. For example, homes in Forbes Park or Dasmarinas
Village in Makati City are far more expensive than mansions in Ayala Alabang.
Work with a brokerage service
You do
not have to leave the comforts of your own home when searching for the best
mansion for sale in the Philippines. You can just login to a brokerage service website
and see the listings of all the luxury homes available. A good website will
show you different photos, the floor plan, a comprehensive property
description, and the location of the mansion. It should also list the contact person
(broker or agent) to make the transaction easier and hassle-free for you.
Make all financial
considerations
The
listed price is typically negotiable. But, you also have to pay various legal
fees and a membership fee if the property is in a gated community. If you are
going to make modifications in a mansion that is situated in a subdivision,
some developers ask for a cash bond before the start of the construction.
Set your requirements
If you
are looking for a mansion for sale
in the Philippines to use
as your own home, you must be clear with your requirements. Think about the
number of rooms and bathrooms you need, plus the maid’s room, living room
space, veranda, porch, backyard, garden, and other amenities that you want in
your home. By doing this, you can limit the number of choices and make the
selection more manageable.
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