Real Estate Archive

How to Prepare Before Buying a Condo in Manila

Swimming pool in the middle of condo buildingsHaving your own condo is perhaps one of the most practical and easiest ways to invest in a property in the metro. With all the available condominium units to choose from, finding the right one is possible. But because of the varying options, it can be an overwhelming task.

Avoid having regrets with your purchase by knowing the things to consider before buying that condo for sale in Manila, Philippines.

Financial capacity

Banks have made it easy for an ordinary Filipino to get home loans. But more than deciding which type of loan is best for you, it is important to have your finances in order before jumping into the waters. Owning a condo unit is almost like a lifetime commitment and you need to be ready to pay the unit, as well as the association dues, without compromising your lifestyle or your future.


With condominium units popping out all over the metro, you have the liberty to choose which one is the most practical for you and your family. Prioritizing the location will be the key to living comfortably and conveniently.


Always conduct a background check with your developer. Choosing to buy from developers with a good reputation in the industry can give you peace of mind upon your purchase.

Long-term plans and condo type

The type of unit you would choose would depend on how you plan to use it. Will you be living there? Is it a place where you will occasionally visit? Will you put it up for rent? Answering these questions and more about how the unit will be used in 10 years’ time can help you choose the right one.

Have your mind set in buying a condo? Keep these things in mind and see how they can make the decision-making process easier.

How to Start Making Money Out of Your Hobby

Selling Your Own ArtworkThere is nothing like expressing oneself through art. Many creative people will agree that creating artwork gives them a sense of fulfillment. Apart from this, sketching, writing, and painting are known to help relieve stress and anxiety, which is why coloring and writing apps have gained popularity in recent years.

But there is more to making art. There are ways to monetize your creation and turn your hobby into a business. If you are not sure where and how to start, here are a few helpful tips:

Print Shirts

Statement and artsy shirts don’t go out of style. If you are planning to start a business, getting professional help from an established one is a good idea. One way to do it is by investing in a t-shirt franchise from a company that has your back. This makes running a business less stressful compared to starting from scratch.

Take Online Classes

Make sure to have the business side of things covered by taking a crash course in business. Now, this might not be easy, especially for those who have a full-time job. But thanks to the Internet, things don’t need to be too hard when you want to learn a new skill. Take an online business class to give you an insight into how you can start and operate your very first venture. Knowing how to run your business is just as important as knowing how to make art.

Trigger Creativity

It’s one thing to create art as a hobby and another to turn it into a business. It’s crucial for artists to know how to trigger their creative instinct, especially if they are working on a quota. One way to trigger creative thinking is to tweak the ordinary and try to make it extraordinary.

Not many have the power to create and inspire as artists do. However, success in business requires more than creativity. The key is to make money doing something that you love. The resources are everywhere, so all you need to do is look for them.

Owning a Home: Essential Considerations for First Time Buyers

Buying your very own houseThere is always a thrill in investing in property. However, buying a home for the first time more daunting than exciting if you don’t do it right. The uncertainty surrounding the whole process, given that you want your home to match your style and feature different components can also be confusing. Here are some things to consider if you are planning to invest in a home.

Involve Professionals

Owning a home is a lifetime investment. It is essential that you get expert advice throughout the process. If you are building, involve renowned property developers in Australia. These professionals have access to diverse and up to date information on the economy of property markets. When buying, involve a conveyancer. With advice from experts and proper research before investing, your journey to property ownership should flow seamlessly.

Explore the Investment Aspect

As much as you want your house to satisfy your personal preferences to a great deal, look beyond this. Identify the emerging trends and consider what is popular in the property market to ensure your investment is worthwhile. These are also likely to determine the property’s price growth rate.

Conduct a thorough inspection before buying to ensure it is worth it. Attributes such as proximity to workplaces and social amenities will always be appealing to investors. Stay away from homes with structural problems and those in unsuitable locations. When you make a good investment choice, it will be easy to sell it off, and you can also use it as collateral in case you need financing for other projects.

Evaluate your Finances

A property does not come cheap. When you are buying a home for the first time, affordability is essential. Fortunately, there always are suitable options as long as you are realistic about your financial capabilities. This will help you create a budget and identify what you can comfortably afford. If you need to borrow, clear your debts first. Also, put your finances in order so you can have a strong credit rating. Once you receive your home loan, always submit your payments on time.

Venturing into property ownership has significant yields. Consider the tips discussed above for a smooth and economically viable process.

3 Facts About Mortgage Rates Your Real Estate Agent Is Hiding from You

Mortgage tricks and secretsOne of the first things aspiring homeowners think about when applying for a home loan in Utah is the existing mortgage rates. No one wants to overpay for their most valuable asset for decades. That’s the reason getting a good rate is so important.

As you go about applying for a home, here is some insight from Altius Mortgage Group on mortgage rates you might find useful.

1. Mortgage rates change constantly.

The rate of a mortgage is based on the price of mortgage-backed securities. When the price of mortgage-backed securities changes, the interest applied to home loans does too.

The prices move in opposite directions, however. Here’s how it works. When demand for mortgage bonds rises, the cost of mortgage bonds increases as well, which then pushes interest rates down.

2. Mortgage rates move in the same direction.

There are, of course, different mortgage programs that are available for aspiring homeowners or people looking to refinance. When the rates for a certain loan program drop, the same trend is likely to be present in other loan programs, too.

For instance, a drop in the interest rates for a conventional 30-year fixed loan will still exist in an FHA streamline refinance loan, although not in equal measure.

3. The lowest rate is the rate you choose.

You, obviously, want to save money. Considering you are going to be paying the mortgage for decades, then it’s crucial that you shop for the best rate you can find.

To find the best lender, ask them what their interest rates are without considering the closing costs. You can work with a reputable broker to find the most suitable rates for you in your area.

A mortgage can help you achieve your dreams of owning a home, but you need to choose carefully. By finding a mortgage with the best rates possible, you can avoid paying more than you ought to for your property.

The Philippines Ranks the Best Country for a Rental Property Investment

Manila sky lineAmericans who want to expand their property portfolios overseas should consider investing in the Philippines, such as rental real estate in Quezon City.

A study ranked the Southeast Asian country as the best place for rental property investments this year, followed by the UAE and Costa Rica. The Philippines topped the list based on the potential return on investment.

Investment Destination

GOBankingRates based its rankings from the average rent per month for a 1,292-square-foot house, taxes on a rental income worth $1,500 and the average return before maintenance, taxes and other expenses.

In the Philippines, foreign investors could achieve a rental yield of 6.13% with an effective income tax of 4.06%. Monthly rental rates on average cost $2,422. The investment return and income tax rate in the UAE are almost 1% lower at 5.19% and 5%, respectively.

Monthly rents, however, cost more than $3,000 in the country. Costa Rica has the lowest monthly rent among the top 3 countries at $1,450.

Urban Properties

Rental properties in urban areas are unsurprisingly popular with foreigners. If you’re looking to invest in luxury homes, the Forbes Park community in Makati City has the highest average price worth P532.38 million.

The steep price may be too much even for those with huge capital, which is why some are looking for alternative properties. High-rise residential buildings within a mixed-use space serve as another option for taking advantage of the well-performing real estate market.

Like any other investment, you should only transact with developers with a positive track record for residential properties.

Foreign investors should consider investing in rental properties in Metro Manila, particularly in Quezon City where developers have launched high-rise buildings in several mixed-use projects. These developments currently attract a huge demand from local professionals and expatriates who want to live near their place of work.

Here’s How You Create “Home” After a Move

New home for a familyMoving to a different house in the same city means getting used to a different route and neighborhood. It’s a new take on something familiar, but a lot of things remain the same. Things are significantly different, however, when you’re moving a long distance away. If it’s an interstate or overseas move, you need to consider more than a new address when getting used to the new place.

One of the saddest and most frustrating things to happen is that you don’t feel like you belong in the place you’re supposed to call home. Here’s how to settle down easier after a move:

Choose the Neighborhood Wisely

You’d encounter problems if you didn’t at least spend some time getting to know your future city before packing your bags and calling for long distance relocation solutions. This is especially true if you have children. You’ll want to check that the neighborhood you choose is good for them, after all. It’s good to move into a community with households similar to yours, as this gives your children someone to play with, and you know that everyone is family-oriented just as you are.

Know What You Need

Several things determine your family’s needs. Your job, for instance, might require a long commute, so you need to be close to terminals and stops if you want to save time. If the family has special health circumstances, it’s beneficial if you are close to a medical facility. If you’re planning to start a business, you’ll want a house not too far from your would-be office location.

Take Your Time

You can’t get used to everything overnight. It takes some time, so go easy on yourself. Live like a tourist the first few days of your move, then slowly start assimilating to the place. Take pride in being a resident of the place, and connect with people. The more you integrate yourself into the neighborhood, the more you’ll feel like you belong.

There’s a struggle to find your place in a new city. Settling in starts when you stop looking at yourself as a tourist.