Condo Guide: All the Things You Need to Know About Condo Move-In Fees

In the simplest definition, move-in fees are the total amount a buyer must pay before the unit is officially given to him or her. First condo guide: It is important to note that there isn’t a definite move-in fee in the Philippines since the amount varies depending on the condo developer as well as the classification of the property.

According to Licensed Real Estate Broker Clint Paul Plantas, for the condo living tip, it’s best to pay the move-in fees first before dwelling in the property, as the expenses include the connection of water and electricity and association dues. A must-remember condo guide when you’re planning to get a unit! Plantas also said these fees are necessary to make your move go smoothly because paying such fees requires less work, such as excellent condo advice.

As mentioned in the first condo guide tip, move-in fees cover the necessary payments to make your transfer as smooth as possible. Some crucial inclusions in this condo guide are:

All condo developers have them, but the amount varies depending on the property’s amenities, facilities, and services. Condo advice: usual inclusions of association dues are maintenance fees of the amenities, salaries of building personnel such as guards, management staff, and maintenance crew, as well as the miscellaneous expenses needed to keep the property in top shape.

Most developers already have preferred or partnered with electrical companies used throughout their property. Another condo guide tip: instead of doing all the work to have electricity, you must pay a certain amount, and your developer will do the job for you.

Just like your electrical connection, the move-in fees will already cover what’s necessary for you to have a water supply in your unit.

As a condo unit owner, here’s a condo guide advice: you need to educate yourself as much as possible and be on the lookout for unnecessary fees you might be paying. Aside from being familiar with condo advice, such as move-in fees, you should also be aware of hidden costs.

Some developers will keep adding new “important” fees aside from the ones you’ve already agreed on. One typical example of condo guide advice you must remember in hidden charges is the “turnover fee,” which differs from the transfer fee paid when transferring the unit title to the new owner. If you spot charges you do not understand, here’s a condo living tip: ask your agent and have him/her clarify. To avoid further issues, memorize the contract's fine print like the back of your hand, and don’t forget this condo guide advice!

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