Renting a condo use to be taboo. No one wanted to live in a place they did not own. Millennials are changing that mindset, however. Some are hesitant to invest in a house, others simply do not have enough money to buy their dream home and a growing number are only in the city to work. This group heads home on weekends and isn’t always compelled to buy a unit.
See more: Why millennials prefer renting
However, there is more to know about condo rentals in Metro Manila than why people are doing it. If you are looking to rent a unit in Makati, Quezon City or anywhere else in Metro Manila, it is important to understand the big picture. This will ensure you land that ideal condo.
3 things you need to know about condo rentals in Metro Manila
1) Older vs. Newer
Condo units in older buildings tend to be much cheaper than those found in newer developments. In some cases, the rooms can also be noticeably larger. There is a trade off, however. The rooms and common areas usually have more wear and tear. The facilities in older buildings may be significantly less than those available in new developments.
This is something many property seekers don’t factor in when searching for a place to rent in Metro Manila. It is impossible to say one is better than the other since it comes down to personal preferences.
2) Furnished, partially furnished and unfurnished
Condo rentals in Metro Manila either come fully furnished, partially furnished or unfurnished. Fully furnished means you can move into the unit today without buy any necessities. Partially furnished units will usually have some basic pieces but will be lacking many essentials. There really is no firm definition of partially furnished. Some units have beds, couches and other larger items while others may only have items like a stovetop and table. It is a good idea to get a full list of furnishings from the landlord before agreeing to any deal.
We probably don’t need to tell you what unfurnished means as it’s pretty self-explanatory. However, this option doesn’t need to be a turnoff. A few companies in Metro Manila offer furniture rental service. This allows you to decorate your rental condo without needing to buy a bunch of stuff.
See more: 5 small condominium interior design tips
3) Distance can deceive
Do you want to live close to a certain mall, street or station? Be sure to check out the distance for yourself since seemingly all condo rentals in the city claim to be only a short walk from the best places in Metro Manila.
Okay, maybe that’s an exaggeration. But if this is important to you, don’t get fooled. If you aren’t in Metro Manila, use Google Maps to see what the walking distance is. And remember, ten minutes may not seem bad now, but what about in ‘Hot Season’ when searing temperatures make spending time outside unbearable?
Start your search today! Explore available rental properties in Metro Manila