Tag Archive | real estate

Philippines Real Estate: Things You Need to Know About Buying a Condo in the Philippines

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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.”-Theodore Roosevelt

In modern Philippines, you would be hard-pressed not to find a condominium tower in major cities. In fact, it may be argued that you can find one (or one about to be erected) in almost every nook and cranny in its biggest metropolis, Metro Manila. Of course, this rising trend of condominium living is to be attributed to the proliferation of these real estate projects. After all, with a Filipino’s perpetually busy lifestyle, living in a condominium unit would not only be convenient but ideal. With this in consideration, the Philippine condominium market remains as robust as ever and shows no signs of slowing down. After all, with the ever-increasing demand, condominium developers must endeavor to address that exigency.

As Manila is rife with individuals seeking condo units (seeing as it is a premier spot for professional and career growth), it would inevitably be area developers would be so keen to develop. Makati, Fort Bonifacio, and Ortigas are three prime spots where condominium units are the most prevalent. However, with a myriad of options to select from, buying a condo can easily get tricky. How can you ensure that the unit in two serendra is ideal for you? Is there any way of knowing whether the property in question would make a sound investment? While there is no telling for sure, it would be best if you armed yourself with information as regards the property you are looking to buy.

Otherwise, here are a few things you should consider to help you decide where you should put your money:

When in doubt, check the rental yield

Experts in real estate would argue that rental yield is a paramount criterion for real estate investment—and they are right. The Asian average is around 4.2%, but this number is nothing in comparison to those of Metro Manila where rental yields are at an all-time high. Manila is a prime spot for condominium investment as investors can expect a yearly influx of individuals who are looking for condo units to rent—from the students to young professionals.

Consider those places that are near to BPO offices, central business districts, techno-hubs and significant developments as these will be driving factors in raised rental yields.

When looking for condominium units to invest in, consider smaller units

Most individuals looking for a condo unit to rent would hardly be looking for a full-blown condominium complete with three rooms, a suite, and a rather spacious bedroom. Considering as they will mostly be living alone, renting a big condo unit would not only be impractical but unnecessary as well. Save for a few exceptions, it has been determined that the rental demand for one-bedroom and studio type units are higher than two-bedroom units and up—most especially in developments in or in proximity to central business districts.

This is because most potential condominium tenants would likely be looking for only enough space for themselves only making the extra rooms extraneous. So, instead of investing on condos with big spaces and some rooms, choose the single unit ones.

In sum

If you are looking to invest in real estate in the Philippines, breaking ground with condominium units is an excellent way to start. Condominium units are known for their affordability and high rental yields as compared to the Asian average. Select premier areas where the working and student population remains the highest. Furthermore, choose properties in proximity to business districts, schools and BPOs and you are guaranteed a good investment.

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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.

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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For OFWs: Top 4 Crucial Things to Learn When Buying a Home in the Philippines

“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.” – Theodore Roosevelt, U.S president

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Whether you realize it or not, the rapid growth of OFW homebuyers is increasing. Of course, investing in their own home is one of the things they want to do to make sure that they have a secure and nice future. Sad to say, not all OFW knows about home buying process in the Philippines. As a result, they regret investing in a real estate.
Well, if you are one of those OFWs who wish to have their own home, then you should know at the least the basics of real estate. Whether you plan to invest in a pre-selling condo in Manila or any real estate in the Philippines, you should know what to do to make sure that you will get the right home for you. And to avoid such unfortunate scenarios, below are some of the things you should know to achieve the desired outcome of your home buying process.

Research, research, research

Do not ever decide to choose and buy a particular property if you don’t know anything about it at all. Of course, before you can choose one, you should also know what kind of property that you are going to invest. If you think that you are still not satisfied with the quality of property that you have found online, then you should do your research more. With that, you will eventually find a good and suitable place for you. You just have to be patient in searching.

Return home or work with a trusted representative

There are a lot of OFWs who invest in a home even if they are not around in the country. With that, there might be unwanted situations that may arise. To avoid such, there is a need for you to return home or work with a trusted representative. Of course, you have to since it will definitely be difficult to transact real estate investments when you are out of the country. However, if you think that you still can’t go back home, then the best way to ensure that the investment is in good hands is to work or hire a broker. With that, it will be easier for you to achieve your desired home.

Value for money

As an OFW, even if you have the budget intended for your home, you should also consider other expenses. That means you need to choose a property which you can afford to have. Moreover, even if you can afford such property, there might be other add-ons that you don’t know. That is why you also have to make sure that you know every single detail of the transaction process. That is also for you to know what is already going on with your investments.

Find a reliable and reputable developer

There are a lot of real estate developers in the Philippines; you might not recognize some of them. Making sure of your investments also means making sure who you trust. Placing your trust to a developer who you don’t know anything at all, then this might jeopardize your real estate investments. When you choose a designer who is well-known with a good reputation, then you will definitely have a brighter side of your future.

 
If you are one of those OFWs, when you know the basic of real estate process, you will eventually realize that investing such is not as hard as you think it is. Of course, making sure that everything is going smoothly is a must for you to do.

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5 Worst Decorating Trends Homeowners Should Avoid

“If you wait until you have enough money to decorate and make your own it will never happen. If you wait until you can afford to buy everything new you are missing the point. It is the old, the new, the made, the hand-me-down, the collected, the worn (but loved) things in your home that make it your own.” – Stacy Risenmay

If there’s one thing that completes a home, that would be its interior design. Decorating a home is a great way to give your home a sense of belongingness and comfort. Without such, your house would be as empty as it feels. Whether you are living in a real estate Manila or any other real estate in the Philippines, there’s no reason for you not to decorate your home.

But there’s a caveat, though, homeowners should also be mindful of what and what not to do when it comes to interior or exterior designing. To give you an idea, we list down some worst decorating trends that a homeowner should avoid.

Colored appliances and bathroom fixtures

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Colors are crucial when decorating – it can break or make a home. However, choosing the wrong color would ruin everything. Many homeowners would prefer using neutral colors to make sure that it would look good on your home. Moreover, if you are color blind, make sure to ask help from the professionals to guide you on what color should you use to achieve a desirable outcome.

Plastic furniture covers

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Although plastics may be a convenient thing to clean since you can just wipe the dirt out, it is not attractive to use plastics at home. If you do not want to get your furniture dirty, then you can use a pretty cloth to cover it. Not to mention sofas with plastic covers, it is a turn-off. That means, if you want to cover it, then use something that would also look nice on the sofa.

Artificial plants

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As much as possible, never display fake or silk plants. It is a turn-off when you use such plants. If you want to decorate plants at home, make sure it is fresh. Of course, plants would not just give you the right ambiance at home, but putting them is also beneficial to our health. That means you have to make it fresh to make sure you will get the necessary benefits from the plants.

Matching patterns

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There’s nothing wrong if you try to match patterns. However, if you want to have a stylish home, then make sure to use your creativity to achieve such. For instance, try to avoid matching your drapes with your throw pillows and sofa. Keep in mind that too much of a good thing is also a bad thing for interior decoration. So, try to think of an alternative where you can incorporate each design at home.

Wall-to-wall carpet

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Carpets are a good thing to have at home. A wall-to-wall carpet is even considered as an expensive thing a homeowner could have. However, this may not always be the case. For some people, having a wall-to-wall carpet at home is a no-no since it may be placed for dirt and germs to gather more than anything else, especially when you do not clean your home regularly. This may cause you some health risks due to an unclean carpet.

Leopard print

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It does not matter if you like leopard print or not, but this design is a no-no at home. This trend would only look tacky when applied to home decor. And one thing is for sure; you do not want to ruin the design of your home.
As a homeowner decorating a home may give you so many things in mind for you to consider. Things such as what’s good and what’s not? Or what’s in or what’s out? However, if you know what you want to do with your home, then it would be easier for you to decide the right decoration for your home.

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