Here's a detailed checklist and budgeting guide to help you prepare for purchasing a unit at Cameron Residences by DMCI:

Initial Planning

• Define your budget and desired unit type (Studio, 1BR, 2BR)

• Research current prices, promos, and payment terms

• Identify financing options (bank loan, in-house, or Pag-IBIG)

Financial Preparation

• Compute total cash on hand for upfront costs

• Prepare for the following:
  Reservation Fee (₱20,000 - ₱50,000, typically non-refundable)
  Down Payment (Often 10-30% of the unit price, paid in installments
  Closing Costs (Transfer fees, taxes, and legal fees, approx. 5-10% of unit price)

• Check your credit score (important for loan approvals)

Document Preparation

• Valid ID (e.g., passport, driver's license)

• Proof of income (e.g., payslips, income tax returns)

• Certificate of Employment (if employed)

• Business Permit (if self-employed)

• Marriage Certificate (if applicable)

Reservation Process

• Choose your preferred unit and parking slot (if needed)

• Pay the reservation fee

• Secure a reservation agreement or contract

Payment and Financing

• Decide on a payment scheme:
  Spot Cash (with discounts)
  Deferred Payment (interest-free installment)
  Bank Financing (with lower monthly amortization)

• Prepare to pay monthly dues (typically starts after unit turnover)

Unit Inspection

• Schedule a unit inspection before turnover

• Check for defects or needed repairs

Move-in Essentials

• Finalize utility connections (water, electricity, internet)

• Set up your home with furniture, appliances, and décor

Budgeting Tips for a Smooth Purchase

Estimate Total Costs: Factor in both upfront and long-term expenses.
Emergency Fund: Set aside 3-6 months' worth of expenses for unforeseen costs.
Loan Pre-Approval: Securing this early shows how much you can borrow.
Track Expenses: Use budgeting tools or apps to manage spending.
Plan for Monthly Dues: DMCI properties often have association dues, so include these in your budget.