The Answers Lie Not in the Brochures
IT’S easy to think that living in a condominium is perhaps better than living in a house. The lure of frills in one building, offering the view of the city and with a price and upkeep lower than when one is living in a house, creates frenzy.
How can living in an accessible lofty building, complete with 24- hour security, Internet access, on- call housekeeping, pool, gym, event halls, and parking not entice anyone who wants to lead a convenient and sophisticated life?
While the idea of living in a condo seems enthralling, a bad decision means a hefty amount of money down the drain. Even if condo living may mean more convenience and less maintenance, it is not for everybody.
Moreover, an interested buyer is pressed with problems that mostly revolve around the question-- which condo is right for me, given my preferences.
But with a broker, this becomes common knowledge and to anyone who can get hold of the brochures these developers are handing out. Sure, it may also be fine to do it yourself. You could collect all brochures of different projects and get all the information to answer your questions.
Anyway, the details about the location, the amenities, and the price so that you may compare different projects, are all found in the brochures.
In choosing a condo, go beyond what the brochures tell you. Unfortunately, getting down to the nitty- gritty is left on the back burner. And even if one were to dig for details, important factors that must be considered such as those found in project plans are not readily available, not even to most brokers.
Jose Francis Cañizares or Joe France is the man to ask. This urbane young man comes from a family that is sought- after in the real estate industry. With renowned architect Jose Mari and master- broker Marilou Cañizares as parents, this patrician’s reputation is beyond question. He is a broker and mechanical engineer, who is making his name and stepping out of the shadows of his parents.
Joe France has been in the industry since 2008, but his previous stint as an engineer spells a difference. As an engineer, he is familiar with a building’s structural design, including the functioning systems, as well as the track record of the developers behind the projects. He is not the typical broker out there who only maintains a spiel. He is an insider in the real estate business, who has first- hand knowledge about these mega structures and believes that safety is above all.
In looking for a condo, Joe France suggests that a prospective buyer should check “the background of the developer and the structural design of a project, which should be in a project plan.”
“The rest of the perks come in second.”
Joe France believes that every project should be designed to be a safe home for anyone. “They should be overdesigned, meaning the designs should exceed the required safety factors to withstand whatever stress the building may experience.”
He cites the importance of knowing who the developer is and