Buying A Condo In The Philippines

When buying a condo, among the most important things to consider is the price of the unit. Is the price fair? Does the price fit the location of the condo? Is the price suitable for area offered by the condo unit? Are the amenities suitable enough for the price of the condo unit?

These are some of the questions that normally comes to mind when you are contemplating in buying a condo in the Philippines. It is important for you to take into consideration the area of the unit that is being offered by the developer. There are some condo units that offer a bigger space in the unit, however due to the design of the unit, you may not be able to maximize the use of its bigger size in terms of square meters. There are some condo units that may appear smaller in terms of figures, but the design of the unit will allow you to fully optimize the available space of the unit. This means that even if the price is slightly higher than another unit that offers a bigger area, it will allow use to use all the available space in the condo unit.

Another thing to take into consideration when buying a condo in the Philippines is the location of the project. Yes, many people would rather opt to buy a condo in a location near their place of work, which will likely be at the center of the commercial district of a city. However, most, if not all, condo projects located at the center of the commercial district have a rather steep price tag. Therefore, it is advisable to consider buying a condo unit that is around thirty minutes away from your workplace. The location should not only be near your place of work, it should also be near shopping centers, a hospital, the domestic port, and an international airport.

Some people who want to buy a condo also take into consideration the developer itself before they consider buying a condo unit. There may be some developers who have been in the market for a number of years however the prices of their units are rather steep or the amenities are not enough to cover the price of the condo unit. There are also some developers that are relatively new to the industry of condo development but have a good track record in other types of developments, which may offer potential buyers of condo units an option when they make their decision in buying a condo in the Philippines.

Lastly, people who consider buying a condo in the Philippines may consider the terms of payment for the unit. Although this is linked to the price of the unit itself, some developers offer discounts or long payment terms for potential buyers especially if the condo project is still in its pre-selling stage. When a condo project is still at the pre-selling stage, the prices are still low. So it is recommended for potential investors to buy a condo while it is still at its pre-selling stage.The lower the price, the bigger the discount they would receive especially if they are intent in buying a condo unit on a spot cash basis. The longer the terms, the lower the discount. However, if it is still at the pre-selling stage, the price of the condo unit is still lower compared to when it is already ready for occupancy.

These are just some of the things that have to be considered when you decide on buying a condo in the Philippines. It is therefore advisable to take into consideration some of your options when you decide to buy a condo in the Philippines.

Taking Advantage of Payment Schemes in Property Acquisition

More often than not, the cost of acquiring a new property is quite prohibitive. For a number of people, they would rather rent a place instead of purchasing it due to the huge initial outlay that is needed for the property. They think that they may not be able to scrounge up the funds needed for the equity payment, which can go as high as thirty percent of the total contract price.

However, this is not true all the time, since a number of developers are offering budget-friendly payment schemes for potential buyers. Some of these payment schemes even offer discounts to the monthly property payments depending on the payment scheme that the buyers have opted to use.

One example of a budget-friendly payment scheme is offered by an upcoming condominium development in the Mabolo district in Cebu City, the Riviera -French-Style Living Condominium. Buyers can take advantage of the 8/16 promo for the downpayment or the equity payment of the condominium unit. In this payment scheme, buyers will only have to pay 8 percent of the total contract price of the unit in the first twelve months, while the remaining 16 percent of the equity will be paid in the next 18 months. To sweeten up the deal, these payments will have no interest at all. Yep, ZERO interest for the equity payments that is spread out in 30 months. The remaining balance can be paid through a bank loan, where a number of banks will be able to offer competitive pricing for the units.

This is a rather good deal considering the fact that the development is conveniently located near two of the major malls in the city and is a five to ten minute ride away from the IT/BPO hub of the Queen City of the South.

Potential buyers may also take advantage of the fact that the development is still on its pre-selling stage, which means that prices have yet to increase. The price of the condominium unit will increase at the end of the month, so it is very much advisable to take advantage of the competitive pricing before it goes up at month's end.

Enjoying Your Retirement at the Argao Royal Palms

Argao Royal Palms

When you reach your golden years, you would want to have the opportunity to enjoy the fruits of all your working years. You would want to just sit back, relax, and see the world go by. In fact you may even want to spend the rest of your life in a beachfront villa of your dreams. Who wouldn’t want to have nothing to do but going to the beach each and every day? Well, I would want this kind of life. The surf, the sand, and the laid-back life of a beach bum.

This may not be just a dream anymore. There are actually many properties around the world that would allow you to do just this. Properties that are built right beside the beach, allowing residents to go to the beach at any time they want to.  Properties that offer residents the chance of living the life of beach bum with all the amenities offered by a modern residential community. A good number of these communities come with a price, but it does not have to be this way since there are some communities that offer the features of a modern residential community at a reasonable cost. One of these communities can be found relatively near the Queen City of the South. This seaside residential community is known as the Argao Royal Palms.

Argao Royal Palms

The Argao Royal Palms community is located along the seaside of the culturally-rich town of Argao. The community features five uniquely-designed villas that are rather appealing to the eye. Each villa features an Asian contemporary design and is made of premium materials that are suitable for a beachfront property.

The bathroom at the master’s bedroom of the Maple, Myrtle, and Hazel villas of the Argao Royal Palms feature a shower enclosure, while the higher-end Aspen and Lombardy villas feature a bathtub in the bathroom of the master’s bedroom. All the bathrooms of the five villas at the Argao Royal Palms have stylish fixtures. The bedrooms of all the villas come with modular closets, while the master’s bedroom of the Aspen and Lombardy villas feature walk-in closets.

Argao Royal Palms

The Argao Royal Palms also offers an oceanfront clubhouse that has an infinity pool, multi-purpose hall, game room, sauna and Jacuzzi, and a fitness gym. Golf enthusiasts will still be able to practice their swing at the Aqua golf range of the Argao Royal Palms while the scenic jogging trail will give running buffs the opportunity to remain fit while enjoying the laid-back life at the Argao Royal Palms. Aside from the modern amenities, residents will also have the first pick from the fresh catch of the day at the ‘dung-guan’ gateway.

The Argao Royal Palms is definitely a good place to retire or simply spend a long weekend with the family, far from the fast-paced life of the city. Here, residents and property owners can simply sit back, relax, and watch the sun set while sipping on their favorite drink.

Things To Consider When Looking To Acquire Property For Sale

Property For Sale

A house, a townhouse, or a condominium is considered a major investment for many people particularly among those who are earning a fixed monthly salary. This is the reason why they should think about the property for sale before they spend their hard-earned money for it.

Choosing the property to purchase is not easy since there are a number of factors to consider when looking at any property for sale. However, there are three basic things that property buyers should consider before they make their final decision to purchase the property for sale.

One of the things that they should consider is the affordability of the property for sale. For many people, this is probably the most important thing to take into consideration. The price of the property for sale is comparatively lower when it is initially offered into the market. This is the pre-selling stage of the new development and developers normally offer it at a comparatively lower price since they are still trying to attract potential buyers for the property for sale.

It is advisable for potential buyers to look into the payment terms of the property for sale and weigh out the advantages and disadvantage of purchasing the property for sale on a spot cash basis as against to purchasing it using a bank housing loan. People earning a fixed salary would normally opt to purchase the property for sale through housing loan, either through a bank, a government housing agency, or through the in-house financing of the developer. However, some would opt to purchase the property for sale on a spot cash basis since it offers discounts for the buyers of the property.

Potential buyers who are not looking to move in immediately into their new property may have to purchase the property for sale on its pre-selling stage since the price would typically increase as the development comes nearer to completion.

Another thing that has to be considered when looking to purchase property for sale is its accessibility. The price of any property for sale is directly proportional to its proximity to the main commercial areas of a city. This means the nearer the property for sale is to the center of commerce, the higher its price. However, this higher price tag may be worth it since the nearer you are to where you work, the better it is for you. You do not have to be stuck in traffic in order to get to work. In fact, you may even have the chance to get some exercise by walking to your workplace instead of commuting or driving a car.

If you opt to acquire a property for sale that is further away from you place of work, you take into consideration your access to public transportation, if you plan to commute, or the traffic situation, if you plan to drive to the workplace (although this may also be one of the considerations if you commute to your workplace as well).

The third thing that should be considered when looking to acquire property for sale is accountability. This mainly refers to the developer of the property that you are looking to acquire. It is advisable to look at the background of the developer and see if it has a good track record when it comes to property development. You can check on whether the developer had a good track record in building houses, townhouses, or condominiums. A good subdivision developer may not necessarily be a good condominium developer.

If possible, look into the financial status of the developer. Check whether it is stable enough to start and finish the entire project. Try to talk with owners of subdivisions or condominiums that were developed by the property developer. Get some feedback from them, both good and bad feedback. This will help you make your final decision on the whether to acquire the property for sale or not.

These are just some of the things that you have to consider when you are thinking of acquiring a new property for sale. When you take these things into consideration, you will have a better chance of acquiring the property that is worth every penny that you spent for it.