Monday, July 26, 2010

Preparing to Rent a Makati Apartment By Andrew Simmans

Philippine real estate is in the middle of a boom. There are several residential condominium sites, most notably owned by Avida and other real estate companies. Makati properties tend to be more expensive, but a Makati apartment will especially seem to be appealing, given the city's great resources for security and closeness to practically everything that a family needs. However, there are some things to prepare for when hunting for an apartment for rent in Makati.

The first preparation you should make is your budget. With the economy in dire straits, you can't afford to spend too much on rent that you neglect your personal savings and investments. Typically, renting an apartment in the city costs somewhere between P25,000 to as high as P90,000. These costs represent a wide range of apartment sizes, and obviously not every one of them would be fit for every financial or personal situation.
How much of your income should be invested in apartment rent? There are sources that say about 30 percent should be sufficient, with the rest of your salary going to your daily expenses and the occasional recreational activities. If rent takes a bigger proportion out of your wallet, then you should consider a different Makati apartment, and there is a multitude of more affordable choices in the city.

Connected with the cost of renting an apartment is the cost of furniture, and there are several options related to this. An apartment for rent in Makati can be either furnished or unfurnished. Most of the high-end luxury apartments in the city, especially those in the central business district, come with furnishings. This is another great way to save money. After all, you will already have a lot to spend on without the added hassle of actually trying to look for your own furniture. Unless you expect to live in an apartment for the rest of your life, a furnished Makati apartment presents a convenient alternative to bare ones.

However, this may not work well for you, especially if you already have a lot of furniture. Furniture that is already in an apartment may not work well aesthetically with any of your existing ones. It's not just in an artistic sense that this may be a challenge, however. There may simply not be enough space for both the apartment's existing furniture and yours. And you certainly don't want to just give away some of that stuff. The choice between an unfurnished apartment in Makati and a furnished one shouldn't be taken lightly, as there are a lot of factors involved.

The most important step that you can take when looking for a Makati apartment is hiring a real estate agent who is familiar with the area. Pick someone whom you can trust. These real estate brokers have the capability of finding and negotiating the best deals for you, but you have to be careful as well, as this relationship should be built on mutual trust. Your real estate agent may be your best friend in the search for an apartment for rent in Makati.
Discernment is needed when making this crucial decision. Renting an apartment is a very big deal, and isn't an activity that should be entered into lightly. We've just outlined some of the steps and considerations when doing this, but in the end, the decision is up to you. A Makati apartment can be a very good investment, and it provides many opportunities which many other residential spots in the Philippines do not.

Makati properties can easily go with a Makati apartment. See to acquire a lot more information about this at this time.