Why Living In Apartment is Best For Busy People

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A lot of people dream of owning a home. Nowadays, there are various ways of achieving this dream. Although a growing number of people are discovering the joys of living in condominiums, there is still a significant number who prefer to have a townhouse or have their property built on a lot. There’s a difference with owning a condominium from finding a low cost housing Philippines or committing to a home construction project.

If you wish for a house and lot, there are two different paths you can take to acquire a home – buying house and lot packages or purchasing land for sale in the Philippines and then designing and building a house. If you are considering the latter, then below are some of the advantages you experience when taking this path.

1. You get to design your living space

The greatest advantage of building your own home is that you get to design it. You do not have to choose from any house template. You can look for ideas from various resources and then come up with a house design of your own. You can focus on your needs and other home requirements without sacrificing any space. Whether it’s closet space, additional guest rooms, an extensive study or to dishwashers, you can add features to your heart’s content. You can achieve the perfect home even if you don’t know much about the technical stuff. As long as you work with an architect and a designer, they can help you come up with an efficient home interior that has all the details you require.

2. It can save you thousands of bucks

Building a house from scratch is one way of getting all the features you want in a home without bloating your expenses. As long as you stick to your budget, you can find a lot you can work with and start building the foundations of your home. A lot of full-constructed homes can be expensive because of the hidden charges and transactional costs. Also, you can rarely get discounts.

When you build your home, you can convince a few people to give you discounts. From cement, flooring materials, fixtures, and plywood, your home can benefit from price slashes when you buy in bulk. At the same time, you can free services of architects, engineers, and designers that you know. You can extend your perks if you know someone runs a construction company or even a hardware company. He or she could provide you with huge discounts on their products and services.

3. You can create your timeline

You won’t have to follow a strict schedule when building your home. Once you purchase land for sale, you can immediately begin setting up the foundations of your home. You can also delay the project if you don’t have the budget to resume construction or have some personal problems along the way. If you want to finish earlier than intended, you must adjust your resources. You should also inform your builder when you want construction to end. That way, they can find a way to work around your target completion date without sacrificing the quality of your home construction.

4. You have a lot of energy efficiency options

Constructing your home gives you the opportunity to select which appliances to use. It also gives you that chance to pick the furnace, water heater, and air conditioning systems. With these in mind, you can end up with an array of energy efficient features that save money on your utility bill. On top of that, you can pick what type of windows to install, garage doors, and frames. Also, you won’t have to worry about calling in the plumbers and repair service to fix your things. It might even take years before something gets broken.

5. You get to enjoy your privacy.

You can have an open backyard if you enjoy socializing with your neighbors. If not, you have the choice of building a fence or a high wall to prevent passers from taking a peek at your property. When you construct your home, you have the option of choosing how much privacy you want for your property.

6. You are free to specify and customize everything

You can specify even the tiniest detail to the overall concept. When you choose a developer-built house and lot or condo unit, you’ll find that most fixtures and finishing materials are set according to their design. With a home construction project, you can choose every single material that you want in your house.

7. You can secure your property

Besides privacy, you can have security. You can purchase a home warranty program or insurance in case you suffer a loss. A home warranty program protects your deposit, covers construction damages or neglect, and includes structural integrity. It also has first-year warranty protection to home buyers.

8. The property is yours.

Constructing your home means that is yours. You are the first person to live in it. Most of all, you were responsible for its birth. There wouldn’t be a house in that specific lot if it weren’t for you. Thus, your property has a value you can’t find in the housing market.

9. You can pick the community you want

You have the freedom to live in a gated community, modern development land or the suburbs that takes less than an hour to reach the city. You can select a lot near trails, parks, and pocket greens. You can also build our home near schools, recreational facilities, and shopping districts.

You can have all of these benefits once you decide to build your home instead of buying one. Experience the joys of being a full-pledged homeowner as you go over the details and plans for your house and lot.

 

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New Beginnings: Four Incredibly Silly Reasons You Cannot Buy a Home

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“That house you looked at today and wanted to think about until tomorrow may be the same house someone looked at yesterday and will buy today.” –Author Unknown

Buying a home might seem like a fairly straightforward process.

After all, just how hard can it be? All you would need is to have a set of wants and needs for a home and then look for the ideal one that comes as close to your list as possible. While it all sounds easy on paper, the task of finding an ideal home that ticks most of your qualifications and best befits your lifestyle is more difficult than you originally thought. Those considerations in conjunction with real estate being a significant investment would mean that this is an endeavor you should approach with much contemplation and scrutiny insomuch that at times, buying a home can take up to months. In this regard, you would be a hundred percent certain that you will be happy in your choice.

Unfortunately, some homebuyers—most especially first-time homebuyers who are pretty much novices in this entire ordeal—tend to make incredibly foolish decisions in the process. More often than not, a homeowner’s error in buying a home can be attributed to their lack of sense and foresight—all of which easily avoidable are had they done enough research and educated themselves. The good news, however, is that this article has compiled a list of some of the dumbest reasons why people cannot buy a home so that by the time it is your time, you would not be committing the same mistakes. So before jumping the gun and going for that Ametta place for sale, try to review on what you should avoid doing when it comes to home buying in order to be happier to your decision:

1.) Waiting to line up financing

When it comes to buying a home, your first question should be how you should pay for it. After all, real estate property is a significant investment insomuch that reviewing your financing options would be paramount to buying the home that you want. In this regard, your first step in the home-buying process should be the take a look at your financing options and discuss it with a mortgage lender. You would not know how much you can truly afford until you have met a professional who has the necessary expertise to tell you about your options. With this in mind, just because you think you can buy an exorbitantly priced home does not mean your loan for that same home would be approved.

2.) Using a fly-by-night mortgage lender

Much like any industry in the world, the mortgage industry is rife with scams. This means you need to be meticulous in selecting your lenders and ensure that you can trust them. Review their credentials and look for reviews and recommendations as placing your trust in a bad lender can cause a potential deal to fall through. Sometimes, it is not necessarily your fault why your offer was rejected, but rather it is because you decided to partner up with an unreliable or fake lender.

3.) Getting pre-qualified rather than pre-approved

Although they sound about the same, there are distinct differences between getting pre-qualified and pre-approved. Almost anyone can get pre-qualified for alone because all that it involves is a conversation with a lender about the state of your finances sans the exchange of documents. On the other hand, getting pre-approved would entail the gathering of all the essential documents which run the gamut from your tax returns to bank statements, pay stubs and more. All of these would then be submitted for review and only when everything checks out would you have a pre-approval for a certain loan amount that is good anywhere from three to four months (or in some cases, even more). Shrewd sellers would not entertain prospective buyers if they cannot present a letter of pre-approval from a reliable lender which means securing a pre-approval would be pivotal in your home buying venture.

4.) Shopping outside your price range

Having a budget prior to your home search is not only a recommended step to take, but a paramount one as it ensures that you do not fall in love with homes beyond your price range. Unfortunately, having a budget does not guarantee that prospective home buyers would be proof against beautiful homes that are outside their price range. To mitigate this possibility, try to limit your property viewings online or at least refine your searches to only include properties that would fall within your budget. After all, there is nothing quite like the feeling of frustration in seeing a property you can already picture yourself out living in only to find out it is exorbitantly priced.

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Home Buying Endeavors: Five Overt Signs You Have Found the Right House

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“A man travels the world in search of what he needs and returns home to find it.” -George Edward Moore

 

Without a doubt, buying a home is probably one of the biggest and most significant investments an individual can make in his or her lifetime.

In this regard, the selection of a home would often be fraught with a myriad of considerations to ensure that one’s investment would pay off. This is particularly true for first-time home buyers who are scouring the market for an ideal home to settle down. Albeit an exciting prospect, one’s home buying endeavor can be rather daunting and intimidating considering that much of what influences your home buying decision would extend beyond the fetching price of a property. Although your fears are well-placed, know that there is a set of signs you can watch out for that would greatly indicate that you have found the right home for you which can be anywhere from an empire east condo to a house in Pioneer Woodlands.

However, before we dive into that, know that finding the right home would be a smoother and easier process if you have a real estate agent who has your best interests at heart (and would not pressure you into buying a property), instinctively know what you are looking for and would not second guess your gut. In any case, here are some of the ways to know that you have found the right house:

 

1.)  You want to go inside the house

An excellent way to tell whether or not the house is a good fit for you is the way it beckons you to take a closer look. One of the things that make a property hunt so exciting is looking at a myriad of homes and not knowing which one could end up being your next home. Some prospective homeowners are fortunate enough to know which home would be perfect for them upon seeing the curb’s aesthetic appeal while most of us would wish to take a closer look. If the house’s exteriors are already entrancing enough to entice you to take a peek inside, then you might just be looking at your future home.

2.) The house embraces you as soon as you enter

Once you enter the home, it just feels right. It is not only inviting, but comforting and warm to the core as well. You take a look around and can truly envision yourself living here. In fact, you are already mentally arranging the furniture to how you wish it would look once you take up residence. Furthermore, the house encourages you to explore. If the house feels like home to you, then it probably is.

3.) You feel possessive about the house

You take any negative comment said about the house personally–even if the said comment makes a valid point. You see the house’s flaws as quirks and would be rather offended if it is pointed out as something that devalues the home. In fact, to you, these flaws are just a few of the things that would add to the subtle charm of the home and you would defend them. You see beyond the flaws and are starting to fall in love.

4.) You are comfortable in the bathroom

An excellent way to tell whether a home would be a suitable fit for you is to check the bathroom. Walk inside and try to get its feel. Does it make you feel comfortable insomuch that you could see yourself spending significant time in there? Or are you a bit iffy about how you feel? If the bathroom has an inviting feel to it and would make you want to poke around and even compelled to run the bath or open the shower, this might just be your house.

5.) It fits your basic needs

While the house might not meet every single criteria you have in your list, you can see yourself compromising. Sure, the dynamics might not hit every standard you have set but you at least have your basic requirements met. In this regard, you find yourself agreeing to the home’s minor setbacks. It might not have the garage you wanted, but it comes with the number of rooms you want and the area is spacious. You would make certain concessions for the home and might even realize in that moment that the things the house is missing from your list are not really necessary and that you can do without them, In a flash, you might even realize that you can be flexible as to what would have been deal-breakers to you which just so long as you can have the house.

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House Hunting: Four Red Flags to Watch Out For When Buying a Home

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“There is something permanent, and something extremely profound in owning a home.”-Kenny Guinn

 

Buying real estate property can be a little daunting considering that there are a lot of aspects for you to ruminate over before you arrive at a decision.

Furthermore, it can be rather easy to get distracted and drawn in by a home’s visual aesthetics—so much so that you would overlook the glaring flaws in favor of these visually appealing knick-knacks. However, you should not let any of those allow you to deviate from your true purpose which is to find a home that affords maximum comfort, provides optimal functionality and is a great value for your money. Remember, granite countertops, contemporary furnishings, fresh paints and modern kitchens albeit beautiful and certainly impressive, might function as smoke and mirrors. Unless you dig deeper into your home inspection, you might not realize that you have fallen victim to a bad deal. All these because you favored visually appealing home aspects that were meant to conceal underlying home defects. In any case, you should always be vigilant when you are out house hunting lest you regret purchasing the home or make a bad deal.

Learn to distinguish whether a home that truly wishes to deliver the best deal to its prospective buyers from one that is simply overcompensating to cleverly mask its existing defects. Remember, some of these aesthetic additions might sound too good to be true and if that is the case, they usually are. They are meant to sweeten the deal so as to hasten the negotiation process. As a home buyer, you should be responsible enough to be meticulous about your potential purchases. Whether you are inspecting a townhouse for sale in Quezon City or elsewhere, here are some of the red flags you should definitely not gloss over:

 

 

Plenty of “For Sale” Signs

Apart from checking out the home itself, it would be a wise idea to survey the potential neighborhood you are going to be living in. Take a gander at the other properties; do you notice other people living in there? Or do you see a lot of boarded-up businesses and for sale signs? If the neighborhood is located in an urban area, businesses around it should be thriving or at least, open for business. If the neighborhood is suddenly experiencing a mass exodus of residents, there is a likely chance that you might not want to live in there either.

Over-packed Closet

When you are serious about a property in particular, storage should be a paramount interest of yours. In this regard, you should take note of the number of available storage spaces in the home. Open cupboards and closets and see how many of the seller’s stuff can fit inside of them. If you notice anything falling out when you open the door, then the obvious conclusion would be that the home is severely lacking in storage. However, this does not necessarily disqualify the home immediately. Try to have an accurate picture of how much stuff you actually have and compare that to the existing number of storage spaces. Determine whether it is enough before you decide on whether the home would qualify in your list.

Too many rugs

While there is nothing particularly sinister about rugs, if they are placed in unusual and unnatural places or are put in place for seemingly no reason at all, they might be hiding damaged floors. Sure, the current owners might just want something plush to step their feet onto, but it would still be a good idea to see what is underneath them. Cracked tiles, stains of the carpets and wood damaged by water are all no-nos. Sure, they are not exactly deal breakers, but it would be best if you know the exact condition of the home you are buying. Furthermore, flaws such as these would help you leverage the negotiation and ask for a cheaper asking price.

Neglected Neighborhoods

Neighborhoods should be properly maintained if they want to maintain a semblance of sustainability and livability. While a child’s toy here and there or a bike by the lawn would be understandable, properties with overgrown lawns or garbage bins overflowing with garbage are clear signs of total neglect. This means that your neighbors do not care enough about the neighborhood and that the community itself does not practice proper maintenance. This is a major red flag as the neighborhood might not be the kind of place you had initially expected. After all, it does not seem like the very best place for raising a family nor does it have that welcoming ambiance that you are seeking for.

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Smart Investments: Four Things You Should Do Before Buying a Home

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“There is something permanent, and something extremely profound in owning a home.”-Kenny Guinn

 

Owning a home is known as one of the well-regarded milestones in life—so much so that it is in fact, considered a keystone of wealth and stability.

There is much to be said about finally purchasing your own home and the myriad of feelings that come associated with it. Accomplished and successful are just a few of the words described used to accord this momentous milestone, but it cannot be argued that purchasing and owning a home is one of the many dreams of many individuals. Why? Because apart from being the most significant investment you will probably make in your life, owning a home is commonly regarded as a hallmark of a truly financially responsible adult. Moreover, purchasing a home is not something any (or every) average working individual can do. In fact, even just saving for the first down payment itself would be considered a feat by many blue collared workers who would live paycheck to paycheck just to finally attain that dream. With all these considered, it is only inevitable for one to be a bit more thorough and meticulous when it comes to scouring the real estate market for prospective properties. After all, if you are going to be pouring in a significant chunk of your savings into this investment, then it is vital to get not only the right home but the right price with the right financing as well.

After all, there are only a few things in this world that is more expensive than a house. Fact is you might probably just be spending for one home in your lifetime.  To successfully find the right home for you, a lot of preparation is required. The logistics in doing so is not something you can accomplish within a month. In fact, it makes the most sense to start years before you are actually ready to buy that home. However, for practical reasons, most individuals would not plan nor think that too far ahead. However, whether you are looking to buy a lot for sale in Angeles City in the next two years or sooner, here are some of the things you can do to ensure that the process goes as effortlessly as possible:

Start Saving

Whether you are planning to buy a home three or five years from now, so long as it is a definite plan of yours, you should definitely start saving for that home now. Sure, there might be a myriad of programs designed for first-time homebuyers to afford low down payments and with flexible payment schemes. However, even if these offers seem enticing, it is always best if you came up with a down payment. In that regard, at least you can show your future lenders that you are a financially responsible individual. Try to aim for at least 10% of the total purchase cost (aiming for more is better). Take note: The more money you put in for down payment, the bigger your breathing room in terms of payments would be.

Be aggressive

It does not matter whether this is your first or sixth house, if you have quite a lot of money to invest, the odds of getting what you want are significantly increased. The moment you have finalized your decision to buy a home, make sure you have a tough stance as regards your budget. No one is asking you to lead a parsimonious life, but cut all the needless and wanton spending. Make small sacrifices such as refusing to dine out on weekends or giving up on your occasional splurges. These may seem like insignificant expenses, but if you stacked them altogether, you would see how your expenses would easily accumulate.

Know your budget

After you start saving, it would make sense for you to come up with a budget—a realistic one that allows you to still live your life as comfortably as you can. Remember, when it comes to buying a home, you would not only be paying for the land and the structure itself. Things such as taxes, mortgage, and monthly payments are also things you have to consider in drafting your budget. Another thing worth mentioning is that most lenders would want your mortgage payments to be no more than 28% of your monthly pay. With this in mind, you can set the upper end of your budget utilizing that same number. However, if you think this is a bit too much (especially if it wipes your savings entirely), come up with a feasible number that allows you to still live comfortably. It is imperative to come up with a number as this will ensure you would know what houses would be worth looking at and which ones you can pass over.

Be reasonable with what you want

Most people would love to live in spacious mansions but are not financially capable of affording it. In this regard, you should be realistic with what you want and reconcile that with your needs. If you have a realtor, it is important that you communicate what your wants are to them. These are the things that you can compromise on later should they be unavailable. On the other hand, you also have to make certain concessions for the things and aspects that you do not want—especially if these can be easily changed. To make this step easier, furnish your realtor with a needs and wants list. In conjunction to that, provide them with a dream house list. However, keep in mind that when a house fits in and checks all of the categories you have in mind, you have to be open to negotiating and making a few compromises here and there. Keep in mind: No one really gets their absolute dream house unless they build it from scratch. So again, be realistic, practical and flexible. Do not reject a house outward just on the basis of a  single perceived flaw. Make room for and be open to adjustments as well.

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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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Buying a Condo? Here are Five Things to Consider

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“Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth.”

Condominium living has been somewhat of a trend in the Philippines wherein you can find one in almost every nook and cranny of the major cities. Indeed, there are a lot of merits to living in condominiums—especially for perpetually busy Filipinos who long for a more convenient lifestyle. After all, it is a well-known fact that condominium projects and developments pride themselves upon the expedient living they offer to their residents. Living in condos has been associated with an ease of access to most establishments, offices, and entertainment hubs. However, what encourages a prospective condominium buyer to close a deal apart from the practical lifestyle it affords? Well, for most condominium unit buyers, the price would either be a driving factor or a major concern. Unfortunately, if buying a condo unit is in your plans, this should not be the sole consideration you have to make.

A condo unit’s price, albeit a paramount consideration to most condominium buyers, should not be the only consideration. Focusing on this aspect alone might lead you to make bad investments that you would regret soon after. In any case, if you have been eyeing a condominium unit in Avida Asten or wherever, here are some of the other things you should consider:

1.) Location

What good would a condominium unit be if it is located smack dab in the middle of nowhere? If this is the case, it would likely defeat its purpose of being an alternate residency considering living on the outskirts of the city does not offer many conveniences. Apart from that, you should also consider the general safety of the area where your condo is located. Moreover, the location of your condo unit significantly affects the potential price appreciation. So, if you are looking to sell your condo anytime in the future, the location would be a pivotal aspect.

2.) Track record and reputation of the developer

Today, most condominium developers offer their condos at the pre-selling stage in order to sufficiently finance the completion of the project. If you have thought of buying a condo at its pre-selling stage, it would be best if you took a look at the reputation of the developer. This will ensure whether the finished property would be of good quality and if it would be turned over as scheduled.

3.) Parking

Contrary to what most condo buyers believe, parking lots do not come with the unit. You buy them separately, and they can be quite expensive. Condo units by themselves are already expensive, and if you added the price of a parking space with that, it could easily set you back by at least 500K pesos more. If you require parking space, then this should be a primary concern. Furthermore, parking lots appreciate in value and should you not be using them; they can be used to generate extra income.

4.) Population density and amenities sharing

One of the features a condominium has that would entice buyers to close a deal with them is their array of amenities. The more amenities a condo has, the pricier it would be. Basic amenities would include a swimming pool, function rooms, children’s playground, and the gym among others. Before deciding on which condominium to buy, you should assess whether the number of amenities offered corresponds to the price you would pay. Apart from this, you should consider if you would be able to take advantage of the facilities adequately while having to share it with a significant number of neighbors.

5.) Rules and Regulations

Not all condos have the same set of rules. For example, one condominium development might be rigidly strict about having no pets allowed in the units while there are some that can be a bit more flexible. Apart from this, some condos impose strict regulations on what you can modify and alter inside your unit. These are all things you have to consider especially if you intend on making the unit your primary residence as you have to ensure the rules imposed would sit well with you.

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