With so many investors and home seekers looking for lots for sale in Manila, the market competition is really tough. If you don't know what to do and where to look, then your chances of getting the best deals are slim to none. Regardless of the type of lot you need — whether commercial or residential — the following are the initial steps that you should do:
1. Read up on market prices -
Your first homework is to read up on the current market prices. This will give you an idea of how much will it cost you to buy land in a certain neighborhood or area and how long it will take to complete the payment. Also, this will help you assess your financial capacity and find out if you are ready for this commitment.
2. Determine the type of lot you are looking for -
You must also focus your research on the specific type of land that you need. The important factors to consider when choosing include price, location, neighborhood, and property condition. For commercial lots, read about potential locations where your business can thrive. What you want is a location that is affordable yet strategic and accessible. For residential lots, find out if the property is near the public roads or offers vehicular access. You will also want to know about the type of community or neighborhood in the area. Since the Philippines is always visited by storms, you also want to check whether or not the area is safe from flooding during typhoon season.
3. Search for the right lot for sale in Manila -
It's easier to search for the right lot when you are confident about your finances and sure of what you are looking for. Today, you can use online property listing websites where real estate developers post and promote their current projects. There you can find the best deals and buy a lot at a discounted price .