Planning to Sell a Condo? Here are Three Things You Need to Know

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“Real estate investment is certainly a vote of confidence on a future activity” -Fiona Sigalla

 

The Philippines has seen a recent boom in the real estate market over the past decade—particularly in the condominium industry. It is no question that one can readily see condominium developments and properties being erected in almost every nook and cranny in most major cities. In fact, business districts such as Ortigas, Taguig, and Makati are premier spots for condominium developments seeing as this is where demand remains the highest. Seeing as condominiums are rife and are growing rapidly in the city, it is almost perfunctory that having a condominium unit to sell makes for a marketable and profitable venture. However, the logistics in the sale condo unit is not like selling a home. There are certain rules you have to consider before you can do so such as consulting the condo management and board for salient information potential buyers might want to see. Furthermore, there are things such as rules for pets, acceptable noise levels and alterations to the unit’s space and appearance may play a crucial role in affecting a potential buyer’s decisions.

So, if you have a BGC condo for sale or any other condominium property to sell elsewhere, here are some things you should consider:

 

1.) Best time to sell your condo

Before you can appropriately select a prime time for selling your condo, it is essential that you have a thorough understanding of how the property cycles move. Knowing so would help you have an idea or at least a rough estimate of how far along the property clock would yield a better profit. Although property cycles are largely erratic, there would be a series of events in which you would see prices rice, fall and eventually stabilize. Apparently, the best time to sell your condo would be during the boom phase or when the prices rise—a market peak that usually lasts up to six months.

2.) Open House strategy

While selling your condo is unlike selling your home, you would still have to stage it well to attract prospective buyers. Take note, a condo that shows well will sell much faster and would yield a better profit. Invest on small cosmetic touch-ups as even these can already make a significant difference. Additionally, if anything should be repaired then get on that immediately. Remember, an open house is an excellent strategy to make an impression—make sure you make a good one and make sure it lasts.

3.) Accentuate Premier features

Not all condominium units are the same; there are some features a unit possesses which others lack and makes it for a salable unit. These are the features you need to emphasize and accentuate to your prospective buyers. More often than not, one of the premier features that make a condo unit so salable is the ease of access that comes with it to everyday life—such is the case of having it in proximity to offices, entertainment hubs, and most offices. Similarly, unique attributes such as the amenities offered—may that be a hot tub by the pool, a fitness center, concierge services and the like should also be considered. Remember, if a prospective buyer is looking to buy a condo, he or she is probably looking for a living experience that is hassle-free and one that they cannot find in a residential house. So, exploit your unit’s best features. In a sense, explain to them what makes it worth it to be living there.

 

While selling a condo might present an avenue for a profitable real estate venture, it would be best if you considered the things above first to be successful in your endeavor. Apart from that, it is imperative to remember that if you want to sell your condo, you must be patient enough to worth through a lot of negotiations before you can successfully close a deal. This means you would spend a lot of time waiting around. However, you will soon find that your patience will reward you once you finally close an excellent deal.

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Independent Living Starter Pack

Finally, you’ve been able to move into your newly acclaimed affordable condo in Mandaluyong City. It surely feels great to say that you are free finally. Hooray! But we all know that independent living is not just all about the happiness and perks of living alone. If you are that person, or someone who is planning to live away from parents, relatives or guardians, for fun, here is your solo living starter pack:

I am so glad that I MADE this happen

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Other people have that luxury or blessing to be given a new house or condo unit for his or her use (yes, you are super lucky!). And it’s a different wonderful story for those who had struggled for we-do-not-know-how-many-years before they were able to get their place finally. Since from renting to owning and paying his or her dues are difficult, the return of glee and happiness is priceless. So yes, you are so glad that you made that happen!

You will remember all the hardships you’ve been through to be able to see yourself in your dream home and thinking of all the possible countless things you can do since you are now alone. Yay, excited!

Wait… am I really ready for this?

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So here comes self-doubt and anxiousness creeping in. From being so joyful and ecstatic about imagining yourself living independently, the thoughts of how will you be able to pay everything, have the time and energy to clean and cook, study and work at the same time, and much more kicks into you. This doubting stage is not just for a one moment, but it will get it into you a couple of times; possibly after a bad day, when you are sick, too exhausted or whatnot.

No worries, dear. This thought will not haunt you forever if you claim it yourself that you are really ready and your decision of living independently is nothing but correct.

Got to make my place clean and presentable

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I don’t know if it’s just me or whenever we have something new. We want to make and keep it clean as much as possible. Moreover, you want to see your belongings beautiful and in pristine condition, because you know how precious it is for you and how hard it was before you finally get it into your hands. Same as with your new house, you do countless hours of cleaning and keeping it nice. Yes, hardworking!

Then that day of laziness

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It’s not every day that you will choose to pick up the broom and sweep the floor, if it is, good for you and your home. But for those who struggle to get up and cook for themselves, there are times you would rather go lazy than tired. We all deserve a break and pamper ourselves in whatever way we are used to – not cleaning the house, ordering food instead of cooking, lay down and have a movie marathon – yes, whatever!

Your old things are still there

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Your favorite stuffed toy and lovely pillow are still in your bedroom. Your good-old cabinet also moved in with you. Of course, for practicality, you don’t need to have everything brand new. There are things you can leave with your previous home but decided to take it with you. Why? Because you need that sense of comfort, belongingness and companion to a “whole new world” in which you don’t know anyone but your old things. These materials will also give you the vibes of the home of your “faraway previous home” in your “new home.” Nostalgia and tears are coming right up!

And of course, a lot of adventures!

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No explanations needed. It’s for you to discover yourself.

 

So we hope that you were able to see yourself in this basic independent living starter pack. What’s in yours?

Where to Settle and Retire in the Philippines

As young as you are, you’ve been already interested in where to settle and retire – if it’s abroad or here in the Philippines. Like what others usually say, life is short, so you got to prepare yet enjoy all the things happening around you. Given that idea, of course, you would want to retire in a place where you are not just “resting” but also have an excellent time.

Here are our top three picks on where to settle and retire (and enjoy life) in the Philippines:

Cebu City

Cebu, dubbed as the “Queen City of the South” ranked fourth as the best place to retire in the country in a survey done last 2016. You can effortlessly find real estate in Cebu for sale and rent as Cebu has a booming economy and a welcoming environment for new inhabitants and investors too. This province is in the Visayas region and comprised of three big islands – Camotes, Bantayan, and Mactan. You’d get the mix of urban and rural vibes in Cebu as there are mountains, hills, and beaches surrounding the City.

The native language is Cebuano, and most locals are also fluent in English. You’d often hear Cebuanos mix their mother tongue with English, not with Filipino words. So if you are a foreigner or more comfortable in the English language, I guess you won’t be having a hard time with the language.

Batanes City

This is an unpopular choice, but if you are looking for a peaceful and scenic place to settle for the long run, you should go for Batanes City. Another well-known tourist destination, Batanes is rich in history and culture as well. The ancestors of the Ivatans, the natives of Batanes, came from Austronesians who migrated to the archipelago 4,000 years ago. Their ancestors are seafarers, boat-builders, and farmers too. Until now, about 75% of Ivatans are farmers and fisherfolks.

The province is vast in hills and mountains, given such beautiful landscape, prolonged flooding is most likely not going to happen. Given its incredible landscape, there has been a study which confirms the need for a national park in the province to keep safe and nurture Batanes’ protected landscapes and seascapes, proposed as a UNESCO World Heritage Site. The proposal was submitted on August 15, 1993 and they are eyeing to declare the whole province as a Heritage Site by the end of 2020.

The people there are accommodating and very honest. You’d actually spot some honesty stores where there are no sales person or tindera to take your payment, and you just get what you want to buy and leave your money there. The primary languages are Ivatan, spoken in the islands of Batan and Sabtang, Itbayaten on the island of Itbayat, and Ilocano. You’d probably need to make some adjustments with the language, but it would surely be worth it.

Baguio City

The world-renowned summer capital of the Philippines or “The City of Pines” is another place to consider for retirement. Baguio is located within Benguet but has been administered independently from the province and known as a separate entity. As of 2015, the population of Baguio is 345, 366. You’d see a lot of local and foreign tourists visiting and residing for good, in the City.

Aside from the cold climate, you would also have healthier food options as the province’s environment is suitable for cultivating vegetables and fruits. Living there might be similar to getting used to a field trip in a great region like Baguio. About the transportation, jeepneys are also widely present as well as taxis. Cabs are way cheaper in Baguio, and the drivers always give you the change, and they don’t ask you for “extra” payment because of “traffic” and “place is hard to find” (the things we usually here in the Metro Manila!). Indeed, another people-friendly city to consider.

The Value of Living in Mixed-Use Developments

Mixed-use (residential + commercial) developments are rampant nowadays specially in the Philippines. In fact, mixed-use is the norm in the Philippine real estate industry today. Of course, these developments must have a value that owners can take advantage of. The article will discuss how valuable these developments are for both the developers and homeowners and even for the commercial establishment owners.

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Value for everybody

For the developers

Like what most developers will tell you, mixed-use properties offer the best of both worlds. The primary goal of these developers is diversifying and reducing risks especially after the economic crisis of 2008 when the demand for offices significantly declined. These developers realized better returns, and so other developers followed suit.

For these developers, such real estate development model gives them the opportunity of earning higher returns due to the flexibility in land usage notwithstanding the need for bigger tracts of lands. Self-sustainable as they are, the development risks are not only distributed, but there is a prospect to restructure the projects based on the current demands in the market for the type and purpose of the property.

Further, demands for both commercial and residential spaces tend to feed one another. Residents, who get to benefit from the commercial spaces, are not limited to the dwellers of the mixed-used projects alone. People living and renting nearby can also become the commercial establishment’s customers. This is more beneficial if there are other necessary services like hospitals and schools and other entertainment centers within the vicinity. In return, the demand for the residential spaces is created.

For the homeowners

Mixed-use properties are also advantageous because of the projects’ social infrastructures and commercial establishments. For some of them, the primary advantage is living in a community where the workplace is also situated, leading to lower travel time and cost.

Developers continue doing more mixed-used projects so they can cash in on the recent demand for self-sustainable dwellings that include basic physical and social infrastructures. Not only that, these projects capture all the segments from residential to commercial to retail that most of the homebuyers are looking for nowadays with their busy lifestyle.

An India-based real estate developer says that mixed-use developments provide homeowners with all sorts of possible conveniences within an area. Aside from the residences, establishments and offices, there will be facilities and amenities that owners and other occupants can maximize for personal and even corporate use.

If we are going to look at it from a long-term perspective, while the initial cost of paying for a unit is high (be it for a residential or commercial purpose) is high, the benefits of living, staying and communing with these facilities and nearby infrastructures will be immense.

Thereby, the commercial and residential combination creates investment-friendly environments. There are sellers and buyers under one roof which is unquestionably impossible to achieve for standalone residential or commercial development projects alone.

The way forward

Investing in mixed-used projects located in developed locations is more sustainable than those projects being drawn up on upcoming locations due to the presence of physical and social infrastructures. There will be higher appreciation on the part of the investors with these infrastructures, fueling the economic and social growth of the location.

If the developers can make the self-sufficient townships a much better living environment despite being located on upcoming locations, no doubt, homebuyers will seriously consider investing on the mixed-use project. This means well-planned and well-structured mixed-used projects still count.

Evidently, mixed-used projects create a win-win situation between the developers and homeowners, developers and business operators and owners and business operators. Indeed, such a development model gives an opportunity to experience the best of both worlds (residential + commercial) that no other property model can give.

Top 4 Decorating Mistakes Homeowners Are Still Doing This 2017

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Decorating your home is one of the things that excite us the most. Although there are times home decorating can also be challenging and frustrating, but the end results would pay it off. Of course, that if you are doing the right home decorating techniques. However, there are just some homeowners who just didn’t realize that they are repeating the same home decorating mistakes all over again. And mind you, this is not a good habit to start with.

 
Whether you are a tenant in a Makati condo for rent or any other properties in the Philippines, there is no reason for you to commit the same mistakes again. And if you are one of those homeowners who doesn’t have any idea what mistakes they are making, then below are some common decorating mistakes most homeowners are still doing.

1. Having more than one focal point

Having a central point at home is used to feel more inviting and offer a more comfortable place to stay. This feature can be your picture, mirror, or dramatic piece of furniture that catches every person’s eyes. But there’s a caveat though; a good focal point can only do once. If you tend to have more than one focal point at home, this might not be a good idea, since it can make the room feel disjointed and leaves a person’s eye without any rest.

 
For you to be comfortable, you have to choose one focal point that would complement the place. Don’t be overwhelmed with the spaces you have at home and just choose one to make a good and satisfying focal point.

2. No considering your lifestyle

Just because the interior or exterior home design is a trend, that doesn’t mean it is also good for you. Nope, not all! Obviously, you are not going to do some renovations to your home if you don’t even need it, right? But if you still continue to follow the trend without any knowledge on whether or not it fits into your home, then you might regret your decision later on.

3. Too many throw pillows

Throw pillows are one thing that gives beauty to our home. Apparently, it doesn’t just add beauty; it also provides us with the feeling of comfort whenever we want to relax at home. Throw pillows can also give a homey feeling or ambiance on the place. However, having too many throw pillows at home is also not nice to look at. Instead of giving us the comfort that we want, it provides us with the feeling of annoyance since we don’t know where to seat already.

 
When it comes to adding throw pillows on the couch, you have to make sure that there will be a space where you can still seat. Perhaps, 2-3 pillows on a couch are enough.

4. Not testing your paint color

Colors are important. The color of your home doesn’t just add beauty, but it can also create a mood or ambiance at home. And if you are not careful enough when choosing the right color paint for your walls, then you might not like the result of the interior and exterior design. Before anything else, you should not forget to test the color before choosing and buying a particular paint. If you think that the color of the paint is a little bit dry to look at on your walls, then it is better for you to find another paint that would match or complete the design of your home.

 

Moreover, you also have to make sure that the paint is durable enough to last longer than any other paints. Yes, some paints can easily be torn off especially when it rains. So, you have to choose the right color paint for you home.

 

Following the trend when it comes to home design is not a bad thing at all. In fact, it is one of the many things you can upgrade your home design into something new. However, before deciding to follow such design, you also have to think again and again if you need it, or if it is worth it. Think and then decide. With that, you will know what and what not to do when it comes to the design of your home. Of course, this will also prevent you from committing costly mistakes all over again.

 

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Home Inspection 101: Things To Inspect During Your 5 Years of Owning a Home

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Ok, let’s just admit! Not all of us here would like to expect something that isn’t happening yet, right? That is why most of them do panic whenever something they don’t expect. However, if you know that something such happens, then you know what and what’s not to do when it comes to fixing your home. And whether you like it or not, repairs at home is also inevitable whether you are living in Solstice or any other properties in the Philippines.

 
Well, if you are one of those homeowners who are curious about on what to expect, then below are some of the things that might help you get ready especially when it comes to home repairs.

Leaky faucets, running toilets

You might not want to experience repairing such leaky faucets and running toilets, right? And not all of us here know how to fix those damages. I know, fixing these stuff is annoying since you have to deal with dirty and smelly water and all. That is why you already have to know on what and what you should not do when you experience this. Of course, you don’t want to do more damage. Right?

For you to successfully repair such, you have to know the basics. Or if not, you better hire someone or a professional who knows better when it comes to the repairs and all.

Jammed disposal

It is a must in your community or even as a homeowner that disposal of your garbage should be in a proper way or method. Of course, this is to prevent any troubles when it comes to your wastes. Moreover, most communities are strict in that particular policy since they know that if garbage is not properly disposed of, it is not good for the environment and the community.

However, if the disposal of your garbage is jammed or clogged, you might be fixing it on your own or call some help to the people who knows better. Or even hire a professional for you to fix it. Again, don’t do things on your own if you don’t know anything about it at all, it will only cost you. Better save it and hire someone. With that, it makes the work easier and faster.

Peeling cracked paint and siding

Of course, this, if you are not keen about what paint you used when you first paint your home, you also have to expect a peeling, cracked paint and siding. Well, if you notice that the paint of your home is already peeling, then you better find quality paint. Make sure that you apply the paint correctly for as not to have some peelings on your walls.

If you don’t know anything about how to paint properly, then you better find or hire a professional to do the work to make sure that you will have a good and satisfying outcome. Do not do things on your own especially if you don’t know anything about it at all. It will only cost you a lot more.

Concrete cracks

Cracks on walls are dangerous especially when there are earthquakes. A little shake on your home might cause more damages to your home if not taken care of immediately. Of course, if you want to be safe while living, then don’t wait for the cracks to widen. You should always think safe at all times.

Nail pops

This is dangerous if you don’t notice it on your home. This can be the reason of your injuries or a serious wound. Before you let your kids roam around the house, make sure that there will be no nail pops around the corner. It is dangerous. When you find one, make sure to get it or simply punch to drive the nail deeper. With that, it will be safe for you kids.

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What You Need To Know When Buying a Luxury Property

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Every one of us dreams of living in a luxury home, right? Who wouldn’t like that? When it comes to choosing the right home for us, we would always go to a place where we feel happy, satisfied and be proud of. Of course, whether you are living in Ayala Land Condominium Taguig or any other Philippine properties, you can feel comfortable when you have the right atmosphere in your home.

 
But if you are a kind of person who cares about his/her welfare, then investing in a luxury home would a good idea for you to make. Obviously, we are not talking here about investing in a million or billion worth of property. I’m sure, not all of us can afford. A luxury home is not just about its elegance and value, it also implies who comfortable and satisfied you are with your home. To give you an idea, below are some qualities you should invest to have a luxury home on your own.

Invest in a property from a trusted developer

Never invest in a property where its foundation is not strong enough. Before deciding to have that particular property, make sure you know who the developer is, to make sure that they can be trusted when it comes to the building’s firm foundation. Moreover, you will feel at ease knowing that the place where you live will not easily be destroyed when it comes to earthquakes and any other accidents.

Invest in a property that promises a high rate of long-term returns

Since people living in the Philippines has a high purchasing power, and a growing market for health and wellness traveler, the demand of the luxury properties are also growing, and high demand for luxury properties is increasing. That means the value of each property would also increase each year. And if you are one of those people who would like to invest in a luxury home, this is now the time for you to invest. You don’t know, the value of the properties next year would increase which makes it hard for you to afford such.

Invest in a property that you will like and enjoy.

Don’t ever decide to invest in a property for the sake of having one. Of course, you don’t want to regret the choice you made, right? That is why, before anything else, you have to make sure that you know what you want when it comes to the features of the property you would like to have. Moreover, investing in a property of your choice is one of the many ways you can feel happy and fulfilled. Of course, investing in a property can also be one of your successes in life.

The property should have the capability to earn even while you sleep

Some of us here would like to invest in a particular property to make some extra income. Well, talking about renting it out. Of course, this is also one of the many ways you can take advantage of the property that you have. As an investor, you also have to make sure that it is not just about you, liking the place. Make sure that any people who would like to rent your unit can also feel happy and satisfied with the quality of service and facilities available around. With that, tenants would love to stay longer in your place.

The property should come with a solid investment plan

Always remember that owning a home is an investment. That means, you have to make sure that you are what you will not go to waste. Yes, if you are not careful enough in choosing the right property, there are tendencies that the management is not that capable in giving their clients the best facilities and services they have. As a result, you definitely might not like living in such place.

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