Moving into a newly bought unit is the most pivotal event and indeed a thrilling time for any buyer. Even if you are a businessman planning to rent out your luxury condo, you’ll tend to overlook a few things as you leap for joy to get a key for your new unit. This is why you should be familiar with the condo turnover process.
Are you one of the homeowners who bought a condo and waited too long for the condo turnover? At last, the long wait is finally over!
What is a Condo Turnover?
Condominium unit turnover is the method of transferring physical ownership of a property from the developer to its rightful owner. On the other hand, due to a variety of factors including the property developer’s financial health, compliance issues, and other macroeconomic conditions delays in the condo turnover process usually occur or what we call Condo Turnover delay. However, condo turnover delays are less likely to be a problem if you have an investment with trustworthy developers like Vista Land. Vista Land, one of the leading integrated property developers in the Philippines, and the country’s largest homebuilder is committed to delivering timely and convenient condo unit turnovers for its investors. Brittany, Vista Land’s luxury real estate brand has just topped off Bernese, the first building of the Alpine Villas, Crosswinds’ esteemed residential condominium project.
Even amidst the pandemic, pursuing a luxury condo investment in 2021 would be a rewarding investment for you and your family. This is why you must know what to consider before the condominium unit is formally handed over to you.
Here are the following keys to open your door:
Contract signing for the condo turnover process
1. Revisit your Contract’s fine print
When the condo turnover clearance is issued, the condo turnover process begins. Make sure you read the contract’s fine print and grasp the terms and conditions stated in it. Often, look over the lease and see if there are any costs or hidden fees associated with the condo turnover.
If you are not sure about the information stated in your contract, consult an expert to ensure that the contract does not contain any hidden charges. A trusted developer like Brittany Corporation as it was known for the thematic appeal of its community which brings you closer to the world’s most scenic and luxurious destinations, and to its commitment to provide luxury service to their tenants.
If you are planning to buy a luxury condo, it’s important to know that the sales contract contains all of the necessary information. It also specifies the unit’s size or area, which is usually expressed in square meters. If required, confirm the floor area or employ a professional to do so.
Make a note of the set condo turnover date, which will require you to personally inspect your condominium unit. Have someone with you to double-check every corner of the condo—a trusted friend, family member, or lawyer. The contract’s specifications of the unit as well as your requested furnishing should have been executed accordingly.
Start with the standards: Flooring, ceiling, and walls. First, flooring must be even and should follow the specification of flooring surfaces based on your agreement. Second, examine the paint applied on the walls and ceiling of your unit. Take note if there are scratches, cracks, chips, and leaks that need to be redone or repainted. Lastly, if you are planning to install wall-mounted furniture, now is the right time to inquire about the guidelines and restrictions of your new unit.
4. Inspect the Standard Furnishings in the Luxury Condo
The Standard Furnishings of a Luxury Condo Unit: Pedestal type lavatory, Rainshower, Water closet, and Exhaust
The luxury condominium units at Alpine Villas come with standard furnishings such as toilets and showers, a sink in the bathroom and kitchen, a countertop, cabinets, and many more. These deliverables are specified in the contract. Luxury condo developers make sure that these deliverables are all working and free from any damages, leaks, and all.
Take a closer look at the following: first, test the toilet and flush, check if there is any leakage under the sink. Next, try the shower and faucets if it’s properly working. Also, examine all the doors, built-in cabinets, and even tiles. Lastly, hinges should be properly installed and not loose. Take note of your observations, have a checklist, and jot down the fixtures that may require a repair and address to the developer or to the person concerned.
5. Check all the Electrical Outlets
Electrical outlets in luxury condominiums are guaranteed to be safe by trusted developers.
You are in effect certifying that the unit is in order as stipulated in the contract. Thus, it is important to inspect every corner of your condominium unit before signing the Certificate of Acceptance. As early as possible during the condo turnover process, report directly to the developer your concerns regarding electrical issues. This is why you should bring an electrician before moving to your new condo unit to inspect and test thoroughly the necessary procedures to avoid hassle and worries with your new home.
6. Visit your Parking Slot
Luxury condo developers give premium parking spaces to their investors.
Please take note that not all luxury condominium units come with a parking slot, so the parking stipulations are typically in a separate contract. If you really want to have your own parking space, you might purchase it separately.
Your developer will let you know if you could inspect your parking slot on the same day as your condo unit is turned over. If so, check to see if the requirements, particularly the size and position, match those in the contract. Inspect the area for any potential risks, such as the presence of flammable chemicals and other hazardous materials nearby, and notify the developer immediately to avoid any unforeseen events.
7. Do Not Rush the Inspection Process
Carefully inspecting your condo unit pays at the end of the property buying journey.
This should go without saying, but it needs to be said nonetheless: checking your luxury condo unit takes time. Ideally, you should allot a few hours to inspect your unit. The larger your unit, the longer it will take to thoroughly inspect. While at first glance your unit may appear to be perfect, it pays to check the details to ensure that you won’t encounter any problem when you actually go and move in. Take as much time as you need to ensure that you have covered every aspect of your newly bought condominium unit. Preparing a checklist for the fixtures and furnishings, as well as any special requests that may require a review, is highly recommended. If any repairs or changes are needed, make a detailed list. If necessary, jot down your suggestions and observations.
8. Final Reminder to Condominium Owners
Buying a luxury condo in Tagaytay will be worth one’s investment.
At the end of the day, don’t stress yourself out if you see some flaws or concerns in your future unit. Remember that the condo turnover process actually exists to rectify any problems before you live in the unit. Be polite but firm if you do notice any potential challenges. Once the developer addresses your concerns, schedule another inspection to ensure that things are finally in order. This way, once you finally move in, you can rest assured that your new unit will be a truly safe and comfortable home for you and your family.
Invest in Luxury Condominium Unit at Alpine Villas
Alpine Villas at Crosswinds Tagaytay provides you with the perfect real estate opportunities gift-wrapped in a high-value investment.
Alpine Villas at Crosswinds Tagaytay offers pre-selling condominium units for Building 1 Bernese and Building 2 Blanc. The third building Brienz– is also soon to be launched this year. Alpine Villas is a collection of 6 to 8-storey mid-rise villas in the style of Swiss chalets. It is the esteemed condominium project of Crosswinds Tagaytay, a 100-hectare Swiss-inspired community perfumed by 35, 000 pine trees. It also offers well-designed, space-efficient vertical residences and is equipped with a 24/7 CCTV system. The development will have its own fitness gym, swimming pool, and clubhouse with a function room for future events.
What are you waiting for? Invest now and enjoy the luxurious living that you dream of. Make it happen here in Crosswinds Tagaytay, experience luxury, experience Brittany as your life refreshes every day.