Real Estate Investment: Three Excellent Reasons Why Your First Home Should be an Investment Property

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“I will forever believe that buying a home is a great investment. Why? Because you cannot live in a stock certificate. You cannot live in a mutual fund.” –Oprah Winfrey

Owning a home has been considered as a keystone of wealth and stability—so much so that finally purchasing your own place to live and renovate as you place has been universally recognized as a milestone. If you are on the market for your first home and are relatively young, it might be wise and more financially prudent to consider turning your first home into an investment property. While most prospective homeowners do not think of investing in real estate until they have acquired and purchased their second or third home, it is actually more financially sound if you started much sooner. Sure, in light of the recent economic climate of the Philippines, one might be skeptical of the profitability in real estate investments and might be a little hesitant in this endeavor—especially considering that this is the first home you buy.

However, to allay your fears of being unable to defray the cost of your first home, know that renting it out is an excellent option for paying it. By transforming your home into an investment property, you can effectively leverage your subpar credit and turn your responsibility into an investment. It requires a bit of shrewdness, good business acumen and a whole lot of patience. So, whether your first property is a condo unit in Verdana or elsewhere, here are excellent reasons why your first home should be an investment property:

1.) You are young

Independence can be quite the fickle thing. Sure, you feel nothing but euphoria once you have realized that you are now finally on your own and to top all that, you are still young and able. Living on your own set of rules, living wherever you want and buying whatever you want might seem like a tempting way to spend your early twenties, but it is not exactly financially sound. If you have other goals in mind, living the life can get old pretty quick—especially when you are living in a downtrodden apartment unit when you know you could do better (you just cannot afford it as you are frivolously spending your money). Cut costs and save money so that you can build credit as you will need this to qualify for a mortgage loan. When you are much older, you will have more significant obligations that would not allow you to cut costs as often as you can do so now.

2.) You will have another source of income

You might think that your salary is enough, but the extra money is always welcome right? By purchasing property that you intend on renting out, you are effectively creating another source of funds. With time and good marketing strategy, you would then be able to profit from your investments the moment you find tenants. You can then use the cash you earn in defraying other debts and bills or reinvest it in your property. Indeed, renting out your property creates positive cash flow for you, and it would always serve as a contingency whenever you do need extra funds or would lose your job.

3.) Having tenants is not so bad

Most prospective homeowners balk at the idea of turning their properties into investment ones as they are under the misguided notion that having tenants in your property would equate to stress and disarray. This is not always the case—after all, one isolated case of a nightmare tenant should not cause you to lump them all together as bad renters. You might be surprised how awesome living with a tenant can be most especially if you start establishing a friendship with them. In these cases, tenants are more likely to treat their units with better care and would even help with the maintenance and look after it whenever you are not around.

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Moving 101: Five Easy Steps for a Speedy and Safe Long Distance Move

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“Around here, we do not look backward for very long…we keep moving forward, opening up new doors and doing new things because we are curious…and curiosity keeps leading us down new paths” –Walt Disney

It is no question that the moving process can be a tad bit stressful. However, while it might be a challenging task, the prospect of integrating yourself into a new neighborhood, acclimating well to your environment and meeting neighbors can be somewhat exhilarating. This new chapter in your life marks progress yet somehow; you cannot get rid of that nagging feeling that you are venturing towards the unknown. However, if you have weighed your options and decided the move is probably a good thing then go for it, pack up and drive.

Do note however that if you are moving a to a location of significant distance whether it is from Lipa, Batangas to a condo unit in Avida Towers Centera or elsewhere, you might want to brush up on tips to expedite the trip and make it easier.

1.) Calculate the amount of cash you are going to need

If you are going to make a move yourself (and not hire a moving company to facilitate your move), you are inevitably going to need cash—lots of it. Moreover, you need to make sure that you secure more than enough of it so that you can pay not only for the gas you would need but for the food as well. Furthermore, you also need to be prepared for emergencies, so it would be best if you had extra cash as well.

2.) Have a Road-Side Assistance plan

Whenever you are attempting a long drive, it is always a good idea to have a road-side assistance contingency plan in case something untoward happens. After all, in the middle of a move, you cannot afford to have your car dying on you. Fluid leaks, busted tires, faulty engines—these are things you need to have checked before attempting that long move. However, as you cannot always prepare for every situation, it is best if you had a road-side assistance plan. It would at least put your mind at ease that you would be in safe hands if your car breaks down on the road.

3.) Download a navigating app on your phone

In this time and age, whether you are traveling a short distance or not, it is always handy to have a navigation app installed on your phone. In small distances, you would even use a navigation app to outsmart traffic, what more when you are traveling a significant distance? To ensure you do not get lost as well as take the shortest route possible, download a navigation app on your phone for good measure.

4.) Schedule a tune-up and oil change before leaving

One integral consideration you should make before your long distance move is to ensure that your car does not break down on you on the way there. In this regard, your car should be in top shape. Before going on that trip, schedule a car tune-up and oil change and have the mechanics change and check every aspect of the car from the vehicle lights down to the battery.

5.) Clean your car

You will be inevitably packing a lot of stuff for the move, so it is wise to get rid of your car’s clutter and throw anything unnecessary you might have. You need to make room for things to get rid of all the junk such as empty water bottles, drive-thru bags and the like. Finish it up by having the car washed, serviced and vacuumed at your nearest car wash shop.

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Home Selling 101: Four Ways to Sell a Home Sans The Drama

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“I still think buying a home is the best investment any individual can make.”-John Paulson

Without a doubt, one of the most stressful endeavors one can undertake is selling a home. The logistics itself are complicated—couple that with the frustration of many unsuccessful attempts in finding a buyer and you would inevitably feel worn out and infuriated. Unfortunately, this is very much a reality that can possibly occur when you are trying to sell a home. After all, experiencing an emotional roller coaster is just one of the many consequences you will deal with in your attempt in making a sale. At best, selling a home would make you feel accomplished, proud and relieved when it finally sells at the asking price you wanted. However, at worse it can leave you disappointed at the low ball offers made—that is if any offers are made at all. Regardless of whether the property for sale is located in Bonifacio Global City or is a Makati condo, selling a home is always associated with some kind of drama. But that does not mean that this drama should always occur. Here are ways to sell your home minus the drama:

1.) Figure out and be clear on the reasons why you are selling

There are a lot of reasons that would compel you to sell your home. However, this myriad of reasons may not necessarily resonate with yours. Are you selling because you need to move to a bigger residence? Or do you need to downsize? Are you selling for profit or something else entirely? Figuring out why you are selling your home in the first place would enable you to have a stress-free navigation through the unpredictable seas of the market. Furthermore, it would get you through the days of rather disappointingly low offers. Knowing and focusing on your why are two simple tasks—all it needs from you is a conscious effort to form your own personal vision and values.

2.) Give it the right price

Before putting your house up on the market, it is imperative that you do a thorough check as this is paramount to giving it the right price. In pricing your home, it is important to remember that you look at it from an objective point of view. With this in mind, old sentiments and nostalgic feelings should not be factored in. You may think that your home is worth more than it actually is—only to have the market tell you otherwise. Do not list it too high or your house will stay far longer than necessary on the market.

3.) Be on the lookout for qualified buyers on the web

If you want your home to sell faster, then you need to permeate every single avenue for listing advertisings. This means you should not limit showing your ads only to traditional and typical mediums such as newspapers and the like. Instead, broaden your scope and include websites as a listing opportunity—from social media platforms to house market listings. Take note: the online community is rife with individuals looking for a good deal on houses, and there is a likely chance you would find a potential buyer there.

4.) Be flexible and creative as regards structuring a deal

As said before, it is important to know why you want or need to sell your home. Apart from that, you also need to have a rough idea on how you should go about the process of selling it. However, this is no way means that you should rigidly stick to the process you set your mind on. If you want buyers to consider your offer, you might need to be flexible and open to alternative ways in selling your home. Remember, you get more prospective buyers knocking on your door if you are flexible.

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10 Quotes on a Twenty-Somethings’ Journey to Finding Home

Home can mean different things. It can be a Lerato for rent condo, a suite in Holiday Inn, or a villa in Quezon City.

Whatever it is, different things make us feel that we are homeSometimes, we feel that home is where we spent our childhood. It can also be where we found our partner or where we forged friendships. But because of time and the winds of change, we are forced to leave the place we love and a new one.

If you’ve been away from home for some time and you don’t know where it is anymore, here are some quotes that describe how it feels to leave home in your twenties and come back again.

 

  1. The moment you left your humble home for a rental.

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“After you leave home, you may find yourself feeling homesick, even if you have a new home that has nicer wallpaper and a more efficient dishwasher than the home in which you grew up.” 

– Lemony Snicket

 

 

  1. When you’re denying you aren’t lonely but deep down want to come back.

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“Home is not where you live but where they understand you.” 

– Christian Morgenstern

 

  1. The inner-battle of self-sacrifice and freedom.

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“I used to dream about escaping my ordinary life, but my life was never ordinary. I had simply failed to notice how extraordinary it was. Likewise, I never imagined that home might be something I would miss.”

― Ransom Riggs, Miss Peregrine’s Home for Peculiar Children

 

  1. When you decided to not return to the place where you don’t have to pay rent and mortgage because you found “home” in your significant other’s arms.

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“Home wasn’t a set house, or a single town on a map. It was wherever the people who loved you were, whenever you were together. Not a place, but a moment, and then another, building on each other like bricks to create a solid shelter that you take with you for your entire life, wherever you may go.”

― Sarah Dessen, What Happened to Goodbye

 

  1. But your relationship didn’t last long, and going home feels like the only way to ease your heartache.

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“The desire to go home is the desire to be whole, to know where you are, to be the point of intersection of all the lines drawn through all the stars, to be the constellation-maker and the center of the world, that center called love. To awaken from sleep, to rest from awakening, to tame the animal, to let the soul go wild, to shelter in darkness and blaze with light, to cease to speak and be perfectly understood.”

― Rebecca Solnit, Storming the Gates of Paradise: Landscapes for Politics

 

  1. Fortunately, it’s perfectly fine to come back.

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“The ache for home lives in all of us. The safe place where we can go as we are and not be questioned.”

― Maya Angelou, All God’s Children Need Traveling Shoes

 

  1. Besides the hardships of being a twenty-something from career, dating to finances, don’t lose hope.

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“Home isn’t a place, it’s a feeling.”

― Cecelia Ahern, Love, Rosie

 

  1. You still have your parents, relatives and supportive friends. Chin up and live in the moment. You still have a lot of time ahead of you.

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“Well, sometimes home is a person.”

― Beth Revis, A Million Suns

 

  1. The right person will come to sweep you off your feet and accept you for who you are. This person will make a home out of nothing and will make it seem that every place, as long as you are together, is home.

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“Home is the nicest word there is.”

― Laura Ingalls Wilder

 

  1. He or she will tame your rebel heart and make you see you and your family’s worth in your life. It will make you understand what home really is.

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“I don’t care if we have our house, or a cliff ledge, or a cardboard box. Home is wherever we all are, together,”

― James Patterson

What You Need to Know When House Hunting

Make things easier with a checklist. Whether you are looking at bungalows in a subdivision in Bulacan or a townhouse in Quezon City, narrowing your options when choosing your next abode will make the selection process easier and quicker.

When house hunting, buyers often focus on the exterior and interior design rather than the functionality of the structure. Others prioritize the price of the house and lot because of the economic and financial aspects. Having a checklist will help balance what’s important and what is necessary.

It’s easy to get swept by the newest trends in architecture and real estate. House agents and brokers can be very persuasive. With a checklist in hand, you can stay right on track. Below are few pointers to guide you in completing the list.

 

Source of electricity

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Electricity and gas should be the first thing on your list. Some important questions to answer are:

  • How many sockets are in each room? Are there conveniently positioned?
  • Do all electrical sockets work?
  • Are there any interferences to electricity sources?
  • What alternative sources can you use in case the main power goes off?

If all of these are answered clearly by the seller or agent then it’s worth to consider the house. But other than the central electricity source, it’s worth noting how gas can be utilized in the space. Where can you store the gas cylinder? Does the house rely on LPG or petroleum to run the central heating? Is the heating system working properly? These things are equally important as they can also save your wallet.

 

Water source and plumbing

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When you are planning to move to an area with a limited supply of water, ask where the water came.

Live in a place that is comfortable, not worry about water rotations and rationing. Do some research and survey the area if their supply is stable. It may not be an issue now, but it can be in the future. Look years ahead before settling in a location.

As soon as you find no interruption with water supply, check the plumbing. Inspect the fixtures and pipes for noises, leaks and weak spots. Rusty pipes and fixtures are more likely to appear in aged houses, so pry the previous homeowner of the house’s history. Consulting a professional plumber for a second opinion is also advisable.

Hot water and bathtubs are additional features in Filipino homes, but newly-built houses often have these. Make sure the water heater still works properly and is connected to all water lines. The bathtub shouldn’t be clogged and the bathroom should be well-ventilated. It better to have a bathroom with a window. If that isn’t the case, choose one with an exhaust fan.

 

Lot and Surrounding Area

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Take into consideration the land area of your property – yard and side gutter included. The house might check everything on the list but if the gutters and drains are clogged, just forget it. It may cost you more because you did not consider the water damages caused by the blocked waterways.

If you’re on the scrimping side, consider the spread of the yard and the garden work. The lot may have a landscape that is high maintenance. The yard may have expensive turf that needs water more than your family does. Do you really need those? Think about it.

When scouring the exteriors, watch out for signs of decay and rot in woodwork.

Consequently, the surrounding area and neighborhood play a huge part in your everyday life. Living close to the places you frequent (school and work place) and facilities like hospitals, banks, and retail stores make life easier.

Communities accessible through different modes of transportation are much ideal than places exclusive for private vehicles. Best of all, choose a location that fits you and your family’s lifestyle.

Remember, a safe community is always a priority.

If you’ve been to a couple of houses visits, take note of the details that fit the details listed above. The next time you view a house, bring the list and compare if they have the potential to be your new home. Buying a property is a decision that should be hastened, so come with an open mind, inspect the structure thoroughly and compare your notes. Do not hesitate to ask questions about the house. Most of all, trust your judgment on deciding the perfect home.

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.

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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