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4 Truths on Buying a Home with a New Job

You are just starting out as a young professional. You got everything under control. But at the tender age of being a twenty-something, you want to fast forward to the moment when you get to buy your place.

Buying a house entails risk, they say. However, that is an ancient thinking. While home buying always include additional costs, acquiring one isn’t as complicated as it used to be years ago.

Many working Filipinos are now opting to look for properties for various reasons. Some young adults want the comfort and convenience of a condo. Others want the flexibility of buying a low-cost housing in Cavite or other accessible communities.

It may be easy to acquire property, but you have to ask yourself if you are ready for the reality of having one while being in the early stages of your professional life.

Truths about homebuying

Truth #1: Buying a property is a huge responsibility.

buying a house is a huge responsibility

Besides the obvious of being independent and living alone, buying a property means financial responsibility. You can purchase a property without a savings fund. Banks and government agencies such as GSIS, SSS and PAG-IBIG offer loans with flexible term payment. Other companies also offer cash advances or loans that will be carried over the employee’s monthly salary.

Regardless of the source of funding you choose, you have to make sure you have it all planned out. The agencies and banks will check your qualifications. Your current income is a factor that determines if you can afford to pay the amount of money you owe. Other than your income, your spending habits have to be kept in check.

Financial institutions expect you to pay your dues accordingly. Even your salary is enough to cover the monthly amortization and loan fees, your shopping trips and lifestyle habits each payday may overpower your obligations. You have to consider other areas of your life. You may have to spend more on others so make sure getting a house doesn’t mean you have to sacrifice your priorities in life.

Truth #2: Credibility is important in credit.

insurance is necessary

When you get a loan, you need signatories. The people you plan to include as signatories will serve as your referral.

Banks will ask you for guarantors, who will pay the fees and debts on your behalf during bankruptcy. Looking for the right people who will fit the bill is difficult. It requires trust from both ends. You need to establish good credit history so people can make sure you won’t fail to meet obligations. Their doubt level will be less and people will more likely accept the proposition if you are trustworthy.

At the same time, you need to choose people you can trust. Some people want to have their financial activities under wraps. Thus, include individuals who are responsible when it comes to personal information. Most of all, choose someone who accepts to be your fallback in case of emergencies.

Truth #3: Knowing the taxes and fees will save your life.

know the taxes and fees

Advertisements, sale offers, and packages will not include the exact figures on charges, fees, and taxes.

It’s important to research these, so you know what to expect when an offer is on the table. Find out the breakdown of monthly and annual fees from close peers and relatives with a similar property. That way, you won’t be surprised of the accumulating digits as the days pass.

The initial payments are the property reservation fee, monthly down payment, tax and spot bank charges from the bank. There’s also the closing sale costs which may not be divulged by your broker until later. It’s advisable to have at least 20% of the down payment price saved for these purposes.

Truth #4: Insurance is necessary.

insurance is needed

Insurance is helpful especially for events beyond your control. Fire, indoor flooding, and earthquake are accidents waiting to happen. There’s no particular time and day for these activities.

Signing up for an insurance gives a sense of security as it offers a buffer in case of these events. An example of insurance is the Mortgage Redemption Insurance (MRI) which is part of what you pay when acquiring a housing loan. The insurance will cover the family’s daily expenses in case of death and disability of the borrower. There are other benefits to MRI, but you also have to see if the coverage of the policy works for you. It’s important to have insurance that is greater than the asset value.

Same as other life goals, home buying has steps to follow. You need to have the determination to build you cushion fund. You must be ready for the responsibility of maintaining a property. You must get a hold of yourself and make a strong financial history. You need to understand the terms and conditions of the payment and insurance policy.

Buying a home is not a walk in the park, but getting a dream home as a young adult will bring the park at a close distance.

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Perks of Residing Near Your School and Work

man walking near home

The students just started this school year, and our ever-hard-working laborers are still working year-round, as usual. For many of us, travel going back and forth to our school and work is such a hassle. Imagine being stuck in traffic and you have a class at 8 in the morning, or have a meeting at 1 in the afternoon. You might have left your house three or four hours earlier, but it just won’t do. Unlike the people who are in a condo for rent in Makati, they don’t seem to have any problem if their school or workplace is just near their place.

To give you more of the mentioned above, here are some of the perks if you are residing near your school or work:

You are well-rested

It means no alarm four of five hours before you need to leave home. Thus you have extra time to sleep. You can do many things at home after school or work. You may be tired, but you still have a lot of time to do whatever you want or gain energy thru having a good rest. Isn’t it lovely?

Less time on the road

Given that the traffic in the Metro, well actually everywhere in the Philippines, brings out the worst in us, you will do anything just to get out of that trap. Having less time on the road is just pure nirvana we are all aiming for. Moreover, you are saving a lot of money and energy if you just live a few blocks away from school or work. You can walk for a few minutes or go bike, a workout that you can do in your daily life.

You can go back and forth to your place quickly

If you accidentally left something at home, you can get it and be back at your school or workplace in a jiffy. You can also spend long breaks at home, be at ease knowing that you can get no traffic. Hooray!

Feel free to invite friends and colleagues to come at your place

If you need to do projects or merely for bonding, you can have your friends and colleagues to come at home. It will be very easy for your group to go since it’s just around your area (school or office). It is also economical to hang out or spend your vacant in a house than renting a hotel, go out to eat at a fancy resto, etc. You can have your people swim (ask permission or sign them as guests) in your condo’s pool and cook scrumptious food at home. Having quality time with friends and at the same time being practical with your choices have never been this easy.

If there’s any emergency at home, you can easily storm your way

You get to your school or office around 10 to 15 minutes of walk, and if there’s an emergency, you could surely fly your way for like 5 minutes or less. Might be exaggerated but the fact the whenever someone needs your help or the like, you can quickly excuse yourself (and it’s reasonable).

More time for yourself and family

Given that you are just a few blocks away, you have less time on the road and more with your family, and to yourself of course. Work-life balance seems easier to do if you choose to live near your workplace or school, or vice versa.

Does it speak to you on a personal level? Well, it’s either a calling that you should consider moving somewhere near your current school or workplace or affirmation that your decision to live in a condo in Makati is an excellent choice. Whatever it is, I hope I was able to showcase the little perks you can have if you reside near your school or workplace.

How to Beautify a Big Blank Wall

art-gallery-wall-gallerywall

Whether you realize it or not, there will always be a beauty in a big blank and clean wall. Agree? Of course, this is the time when you can actively and creatively imagine what things to put to fill in your big empty wall. For some, this is one of the common problems they faced especially when they don’t know anything about decorating at all. However, when you know what you are going to do with your wall, then a wall décor challenge is just a piece of cake.

It does not matter if you are living in a real estate Cebu, decorating your wall is one of the things you can do to make your wall look good. Well, if you don’t have any idea at all on what you’re supposed to do aside from the typical paintings we have on our wall, then below are some simple and doable examples you can apply.

Build a bookshelf

If you have a lot of things or books yet you don’t have enough space in your home, then you might want to have a bookshelf installed on your wall. Instead of having or putting decorations, make the bookshelf as part of the decorations you have on your wall. With that, you’re not just saving up more space but also, you just made a great and stylish way to have a bookshelf.

Installation of bookshelf may be hard on your part. Of course, you also have to make sure that the shelves are properly installed on the wall to have a good and durable base.

Statement art

Aside from the pictures and paintings, you can also have statement art on your wall.  Installing a striking piece of statement art can be eye-catching to the viewers. Moreover, isn’t it nice to wake up in the morning with a piece of interesting piece of art on your wall?  Well, hanging one or two statement arts on your wall would be enough.

Wall coverings

One of the struggles most homeowners have is that they don’t have anything to decorate at all. Perhaps, they are one of those homeowners who invest in a property with no furniture to fill the empty spaces yet. Well, you can go with wall coverings or wallpapers. Fret not! Wallpapers are easy to install on your walls. You just have to make sure that there will be no lumps on the surface.

There are a lot of styles when it comes to wallpapers.  And it will always be up to you on what style of wallpaper you want to use.

The gallery wall

If you are a kind of person who likes to take pictures or paintings, then the gallery wall might suit your taste. You can have your wall combined with your photos and paintings with different sizes and color and framed or unframed artwork. You can also fill your wall with textiles and other wall decals. Of course, it is also important for you to consider mix matching your decals on the paintings of your wall. Make sure that the color and shapes, sizes can go along with your wall.

If you are not sure about the color combinations, then you can go neutral yet bold, sophisticated and creative in many ways.

Decorating your wall will always depend on what you want to do or have on your wall. Before you can decide on what kind of decorations you want for your wall, you also have to consider about whether your wall and the decorations are incorporated or not. If not, then you have to find ways on how you can mix and match your decals to your walls without compromising its quality.

 

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For Homebuyers: Avoid These Nightmares in Buying a Condo

It is everybody’s dream to have their own condominium. The environment, the lifestyle, and the convenience are one of the things you can experience when you have a condo. Some people will say that if you have a condo, your life will get better. Agree? Perhaps, that is one of the reasons why people are now planning to buy and have one.

There will always be a caveat in buying and choosing a condominium. That is why, whether you’re planning to invest in a condo in Manila or any residential building in the Philippines,  it is important to know and be careful in buying and choosing what’s suits you best. Here are the things that most people had experienced before they own a condo.

Slow processing of documents

Hundreds to thousands of people are buying a condominium every year; it is expected that there are also hundreds to thousands of documents that needs to be processed. Especially when there are a lot of holidays adding up, no work, no processing of documents and more and more documents are piling up. What more would you expect? Well, patience is always a virtue. So, try to enjoy and wait!

Of course, that situation is acceptable and reasonable, you may say. But what if the company you transacted is just way too slow in processing your documents? Wait one month later. One of your documents needs to be reviewed further, wait for another two more weeks. Ugh! I know you hate to wait especially when you already waited long enough.

A friendly advice:

When the company you transacted is way too slow in processing your documents, you have to follow up on the progress of your documents constantly. Do not just wait for their call, because sometimes, they can also forget about it especially when there are also other documents to be processed. And when they do, it will take you more than a month to wait.

Constant follow up on the company may give them a heads-up that your documents need to be processed. And by that, they might make you a priority over the others. Try it, it works! Just don’t be rude.

Scam

This is one of the reasons why we are so afraid of trusting people and companies are especially doing and transacting something with them. We can’t say or pinpoint individuals or companies that are a scam since they persuade and puts up a façade to be more convincing which gets our attention and trust easily. They can also convince you with impressive words and offers you great deals for you to buy their products and accept their offer.

And when we are trapped in their schemes, we feel frustrated and disappointed. Some people do things to the extent where they can just have the refund and bring back what they lost, and other things that can make the situation more hassle and chaotic. As much as possible we want to avoid these things.

A friendly advice:

Before consulting and trusting a company or a person, have a background check. By researching their company background, you will know what kind of company they are. Reading their business reviews or comments will give you an idea whether they are trustworthy enough to help you in choosing and buying a condo.

A little investigation of the company will give you no harm; it is making sure that you are in good hands when you choose and buy a condominium. We all know it is not easy to trust especially when it comes to a lot of money matters.

Hidden add-ons

Most people, if not all, usually avail promos or packages in buying a condominium. It is also one way to save more. The company will give sets of packages that you can choose on. They will also give you the total amount and the breakdown of the payments.

Sometimes when everything is set, later will you know that there will be hidden add-ons that must be paid. Of course, you can’t say no since you already have your full or initial payments.  Situations like this give us headaches and disappointments especially when the budget is tight.

A friendly advice:

When you avail promos or packages, you have to make sure that everything is clear. From the things that are included in the packages to the down payments, there must be a clear and visible written agreement in every transaction.

There is no wrong if you make certain to every transaction that you make. It is just to make sure that there will be no further problems and confusions that will occur later on.

Top Four Reasons Why Millenials Should Live in A Condo

couplecondodog-1000

“I think millennials are a generation, unlike anything we have ever seen on this planet.” –Chelsea Krost

Without a doubt, the rise of the millennials has contributed to the upsurge of real estate developments devoted to solitary living. Although Filipinos still staunchly stand by the ingrained tradition of having children live at home until their married, many of the Millennials today are doing otherwise. This is because millennials, much unlike their preceding generations, have elected to live an entirely independent lifestyle that the demand for affordable and adequate living spaces has seen a rise in the last decade.

It is precisely this phenomenon that we can attribute the recent proliferation of many real estate developments to. In fact, most developers have been erecting condominium towers in almost every nook and cranny in major cities. But, what sets apart a condominium unit from an array of residential living selections? What makes it so appropriate for millennial living and millennials themselves? Well, if you are looking for a good place of your own, you might want to take a gander at the reasons for buying your condo below. This especially rings true for individuals who are in their twenties or thirties.

1.) Meeting new people

The majority of millennials are incredibly social creatures and living in a condo would appeal to them as it gives them an avenue to meet new people. In most cases, condo living means that only a wall would be separating you from your neighbor and unlike most home residential developments, you would be living in proximity to them. Additionally, when all of the units are sold, you will have a lot of new neighbors and a lot of new people to meet. Apart from that, condominium towers are built near business districts and entertainment hubs that it would be easy to find individuals milling about that it would be easy to find individuals who share the same interests as you. Condominiums are also known to have social gatherings for special occasions such as Halloween, Christmas and New Year as a way for residents to gather and mingle.

2.) Enjoy a great lifestyle

Living in a condo practically means you do not need extraneous memberships to a pool club or the gym. Book buffs and skin care enthusiasts are not left out either as many condominiums nowadays come with library and spa facilities. Each condominium development would have something unique to offer each, and it is only a matter of selecting which one is most appropriate for you.

3.) Save more money

Contrary to popular belief, owning your condo unit is not more expensive than renting. It may be not readily apparent at first glance, but if you think of the long-time returns, you will eventually realize that investing in your own space is more cost-efficient than paying rent. Your monthly rental could actually serve as monthly mortgage payments for a condominium unit you would eventually own. Today, there are a lot of condominium developers offering flexible payment schemes that are friendly to your budget.

4.) Have security

Your safety and security are of paramount concern to the condominium developers which is precisely why you do not have to worry much when you have to leave your home. Condominiums have a stringent security policy and would have roving guards patrolling from time to time. Apart from that, most condominiums would even require visitors to leave an ID when visiting. All these so that you can rest easy knowing you are in safe and secure hands while you are at home or not.

So, if you are looking for your own condo space, take a look at some of the units offered in the high street south block, and you might just find a condominium that suits your lifestyle perfectly.

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4 Reason Why Moving To Quezon City Is A Good Choice

katipunan_avenue

“Of all place, why to choose to move in Quezon City?” Perhaps, some of you here might be wondering and asking about such matter. Right? You can be one of them too! Well generally, Quezon City was once the seat of power of Metro Manila. Nowadays, vestiges of the city’s old grandeur are still there. That means, there are still a lot of different establishments for the people to use and enjoy.

If you are planning to invest a property, there are actually a lot of affordable condo for sale in Quezon City available for you. It basically doesn’t matter what condo unit you want to purchase, for as long as you are satisfied with the property, then you will definitely achieve what you want in life. However, if you are one of those people who just don’t have any idea why to choose Quezon City as their new home. Here’s why:

1. MRT-7 is now in the works

For most commuters, this is one of the things they tend to look forward. Of course, it is definitely hard for them to go to their work when there is no enough transportation for them to use. Well, fret no! San Miguel Corporation (SMC) recently broke ground for the Metro Rail Transit Line 7. This will connect to MRT-3 which runs from North Avenue Station until Taft station in Pasay City. MRT-7 will serve 28,000 per house, per direction during peak hours. It also aims to cut down the travel time for most commuters who take the congested Commonwealth Avenue.

2. It is eyed to be the next gaming and leisure hub

If you are a kind of person who usually go for gaming and leisure hub, then investing in a property in Quezon City might be on your taste. In there, you will definitely have fun and enjoy the game you are playing. Quezon City is planning to have a mixed-use development that will be similar to Solaire resort and Casino in Paranaque, Bloomberry’s first venture into the gaming industry. Moreover, when boredom strikes, you need not worry since there are actually a lot and different games for you to try and enjoy.

3. More residential projects are coming in

This is one of the common reasons why people tend to choose to live or invest a property in Quezon City. Because of the vast variety of properties that are developed in that particular place, you will also get the chance to choose what kind of property you want to invest. Of course, you can definitely have the property of your choice. Moreover, real estate developers have foreseen Quezon City’s resurgence. That means, there will be more residential projects are on the horizon which will provide homeowners a wide range of real estate options.

4. Tech and BPO firms are looking alternative locations

It is undeniable that more and more business establishments that are already developed for people to have their jobs. And one factor that most people consider is the location of their work. That is why Quezon City is becoming a sought-after location for technology and business process outsourcing companies. That means, there will be more and more people who can have the chance to have their job in their desired location. Moreover, this is also one way that people would not have to worry about going to their work since residences in Quezon City are just near their working place.

Generally, there are actually a lot of advantages when you invest in a property in Quezon City. Of course, for as long as you know what and what not to do when it comes to real estate investments, then you will definitely achieve and have the property or condo unit that you wanted.

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4 Heartwarming Things to Do to Surprise Your Partner

Valentine’s Day is fast approaching. Couples all over the world are excited to celebrate that special day with their loved ones. Most of the couples would celebrate Valentines in fine dining restaurants, and others would prefer celebrating it in their condo Philippines.

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blog.crazysinglelife.com

There are a lot of things that comes to our mind. What will we both do on that special day? What will I give to him or her? I hope there will be no fights on that very special day. These questions usually bother most couples, especially when they are into a romantic way of showing their love for each other.

With these questions bugging, most couples tend to forget that there will always be surprises even when you do it in a simple and heartwarming way. Your partner will definitely not mind what gift or surprises you give for as long as he or she can feel the love in it.

Now if you really are doing special things to your partner, you might want to apply these simple yet heartwarming tips.

Decorate your walls with pictures of both of you

architecturendesign.net

architecturendesign.net

We all know couples usually have pictures of their moments together, taking selfies here and there with your partner is one of the things they mostly do.

You might want to make a wall decoration out of those pictures. You just have to select the pictures that you want, gather it and place it on the wall. You can also do some decorations out of it. Be creative. Place it in a way you think your partner will love it.

It is easy for you to do it on your own since all you have to do is to select pictures that are fun, gather, and place it on the wall, and you don’t need to bother about the cost because it’s cheap. And to make it more romantic, you can have some add-ons like candles, etc. Whatever you like.

Give him/her a love letter

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destinationsdreamsanddogs.com

Who says writing a love letter is not an in anymore? Yes, it may be an old school thing but, don’t you know your partners would definitely want to read your letter over and over again?!

There will always be the perks of writing a love letter. There are couples who are not that showy enough on their love for each other; and that they prefer writing it down. Writing love letters to your partner is also helpful, especially when you want to be cheesy in telling him or her about what you feel in which you find it awkward telling it in person.

Be sweet. Even though he or she already knows that you love him or her, tell them again. Write it down and tell them again and again how much you love them. It is ok to be cheesy.

Let me just remind you, communication is always important. Even though you usually write love letters to him or her, there will be no better understanding through good communication. You can do both actually, impress your partner. Make and effort and they will surely love and appreciate it.

A surprise bouquet of flowers and chocolates

architecturendesign.net

architecturendesign.net

Saying “I love you”, and giving of a bouquet of flowers and chocolates are one of the sweetest things one can give and receive. It will never be old enough to give these sweetest things to your partner. Like giving a love letter, your partner will also love to receive these simple gifts of yours.

Well, you must also be careful about the things she likes for you to impress her more. Like, what kind of flower she particularly wants, the color, the smell and the taste of the chocolate. If you are on a budget tight, a simple flower will do. And another thing is knowing her dislikes to avoid giving or doing the things that she hates.

Actually, you don’t need to buy her costly things, impress her with your effort. Remember Jennifer Lopez’s song, “My Love Don’t cost a Thing”? That is the beauty of the true meaning of love.

Simply be with him or her

vamshare.com

vamshare.com

There is no more comforting thing to have than to be with your partner’s side. Sometimes, you don’t need to do something just to impress your partner, they just want to be with you for a day or two is already enough for them. Letting them feel that you are always there beside them whenever they need you is enough to make them feel loved.

You can both do a lot of things together; helping in the kitchen is one. You can also have wine and spend the time chatting, or one can massage his or her back. It is just a simple act, but it means a lot to your partner.