Investing in a Townhouse: Do’s and Don’ts

Investing in a Townhouse: Do's and Don'ts

They say that buying your very own home is one of the biggest milestones you would ever do in your lifetime. Like it or not, these people are right. This is because purchasing a property – such as a New Manila townhouse – will require a big financial commitment from your end.

Maybe, you’re not ready at this moment. But the time will surely come, when you would want to have a place you could call your own. Therefore, someday you will end up investing in a home or a townhouse. Before that day comes, try to educate yourself about its do’s and don’ts.

Do: Evaluate the Property

The first thing you should do even before you decide to invest in a certain property is to evaluate it. You wouldn’t want to end up regretting your purchase, after all.

For those who are planning on taking up a townhouse in the future, you would want to inspect every inch of the house. Are there any cracks in the walls? Is the water plumbing sufficient? These are the questions you must ask yourself.

Do: Get a Trusted Realtor

Most people believe that getting a realtor is a waste of money. However, this person actually plays a vital role for you to properly decide whether you are going to invest in a property or not.

A trusted realtor will not only point you towards a good property investment, but they could also tell you some facts about the townhouse you are choosing and its surrounding areas as well.

Do: Check the Loan most Suitable for You

Unless you are extremely rich, the chances of you getting a loan in order to buy your dream property are high. This means that you should definitely check out the different loans you could avail of. In the Philippines, you could get the following loans:

  • Conventional – In this kind of loan, you will have to pay a certain amount of money every month for a fixed period of time.
  • Flexible – This is the kind of loan that enables you to drop the interest if you make a payment deposit. In case you made an excess amount of cash in your deposit, then it will take care of your next payment or you may also withdraw that money.

Don’t: Forget about Other Costs and Fees

Unfortunately, there are a lot of home buyers, who get surprised because they don’t know that they also need to pay other costs and fees. These things will include the bank charges, reservation fees, and closing costs.

Be prepared to pay these items when the time comes by setting aside a separate budget for them.

Don’t: Disregard the Needed Documents

Proper documentation is needed before you could finally invest in your dream townhouse. In the Philippines, there are certain papers you would need to prepare for beforehand. These are the following:

  • Transfer Certificate Title
  • Owner Identification
  • Tax Receipts and Tax Declaration

Don’t: Ignore Your Neighbors

If you are planning to purchase a New Manila townhouse in the future, then you should know that there is such as thing as strata benefits. It means that you could end up sharing a certain part of your property with your neighbors. This is not a bad thing because then you get to share some costs with them. For example, you could minimize the cost of having a pool or a gym by dividing it to each household – which makes ignoring your neighbors a no-no.


The do’s and don’ts listed above should help you when you are finally ready to invest in a real estate property. Be sure to read up and review them once in a while until that day comes.


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