Condo vs townhouse vs house: the big dilemma for house hunters. There are several types of housing units that come in all sizes and prices. The property types include your typical house and lot for sale in the Philippines, a townhouse, and condominium unit. Each of these residential properties come with their respective Homeowners Association fees (HOA fees) for those who are townhome owners or homeowners and Condo Dues for condo owners. These are your maintenance fees that will pay off the people who will keep the subdivision or condo building neat and clean. HOA fees and Condo Dues depends entirely on the person in charge of the association.
For your average OFW, they’ll most likely pick one of three types:
In photo: Camella Manors Verdant | condo for sale in Palawan, Philippines
Condos are a type of residential properties that is rented or bought and owned by a number of people. A condo owner would have their own personal space, which they can do what they want with it as long as the rules set forth in the condominium’s covenants are followed. Condos typically come with amenities such as pools, fitness centers, clubhouses, guarded entrance gates, and CCTVs.
If you want to experience living in a high rise condominium building with many other people and don’t have the time or energy for home maintenance, living in a condominium is a good starter home. Condos are also great for adults without children as some condos offer amenities such as pool areas where parents or independent OFWs can lounge around and interact with fellow adults.
Condo owners have the advantage of not having to worry about maintaining your own yard and landscaping, because most of the work is done by a professional landscape company.
In the Philippines, townhouses are highly popular since they are one of the most affordable types of house and lots for sale. It’s essentially a set or a row of two-storey houses with walls separating each house. Townhouses are more equipped for OFW families with children since it’s an affordable dwelling unit and has low maintenance costs.
A typical townhouse for sale in the Philippines has an accessible gate and front door, which is usually not available in condominiums as it is located at the building’s entrance instead of each individual unit’s door. Townhouse communities provide a sense of privacy and security to OFW parents or caretakers who don’t want their kids to be exposed to strangers. Townhouse owners would usually build a small gate to keep their privacy and safety.
The end unit of a townhouse is usually the most sought after living space unit because it offers a wider land area. Townhouses for sale in the Philippines usually come with a provision for one car parking space, which can be an advantage to buyers who want more storage space or parking space.
As a real estate investor, you can buy a townhouse unit as a rental property. You can buy two townhouse units and have the other rented out to earn extra income.
The end unit of a townhouse is usually the most sought after living space unit because it offers a wider land area. Townhouses for sale in the Philippines usually come with a provision for one car parking space, which can be an advantage to buyers who want more storage space or parking space.
A house and lot in the Philippines is simply referred to as residential homes or single family homes in other countries. By its name, it comes with a house either a two-storey or three-storey home with a wide land area. It has several property types, a house and lot for sale in the Philippines can be a single firewall home, detached single family home, or a bungalow home.
In photo: Camella Homes | Bella House Model | 2 bedroom house and lot for sale in the Philippines
These are the most common housing options for single family homes. It’s characterized by a firewall on one side of the house to protect the house’s interior and exterior in case of a fire incident. This house unit is usually a two-storey home which is best for high ceilings.
This type of home is perfect because it has a lot size that meets the needs of a growing OFW family, and it also provides enough space to cultivate vegetables or fruits inside their property. It actually costs less than other types of residential properties when you consider that single firewall homes are cheaper than townhouses and condos.
In photo: Camella Homes | Greta House Model | 5 bedroom house and lot for sale in the Philippines
Single detached houses are slightly different from single firewall homes. The key difference is that single detached homes don’t have a firewall and are usually located in corner lot units. These types of houses are the most common types of homes in suburban areas. In addition, they have larger yards and more room for landscaping. These houses are typically larger in floor area and land area. Detached houses also typically come with a garage which is helpful for housing cars or storing tools that might otherwise be stored outside in spiteful weather conditions such as rains or typhoons.
A bungalow home is a less common type of house. It’s a one-storey house like a typical cottage or cabin home. These properties are usually surrounded by a small garden and have bigger yards than a detached home. Originally, bungalows were created to cater to the working middle class with its affordable price ranges. Today, however, bungalow homes are becoming more expensive because of the rarity and location of the home.
In the Philippines, there are many types of home builders that offer homes and condos for sale in the metro area such as: Camella Homes, Crown Asia, and Vista Residences under the Vista Land & Lifescapes brand.
Overseas Filipino Workers (OFWs) who are buying a home for the first time sometimes have the struggle of choosing the right property type to fit their needs. While most OFWs settle for a house and lot in the Philippines, there are a few OFWs and migrant FIlipinos that are choosing a condo vs townhouse vs a house and lot. Some OFW home buyers are even looking into residential lot properties so that they can build their own custom dream house.
As an OFW looking through various property listings, there are a few things to consider before putting a down payment. You need to make sure that all your needs are met, this means choosing the right real estate agent, location, size, and property type.
In this blog post, we’ll discuss the different home types, walk you through their own set of advantages, and give you a list of ideal real estate developers in the Philippines that build quality and investment properties.
Quick read: The OFW’s Dilemma: Condominium or House and Lot?
Vistaland International offers every possible housing option for our OFWs and migrant Filipinos. For OFWs interested in condo living, we have condos for sale in the Philippines under the Camella Manors, Vista Residences, Crown Asia, and Brittany housing brands. And for our OFWs who want the traditional house and lot lifestyle, we have luxury and affordable house and lots for sale in the Philippines that can cater to any financial budget and preferred location.
Vistaland International was primarily created to bring OFW closer to their dream of finally acquiring a home in the Philippines. And with the rising cost of living in the country, OFWs and their families are looking for ways to earn extra cash flow to support their daily needs. Luckily, you can also join the global network of Vistaland International as a real estate professional and earn a commission!
Vistaland International Marketing, Inc. (VIMI) is the international marketing division of Vista Land. Aiming to provide OFWs and migrant Filipinos a home in the Philippines, VIMI has established long-lasting relationships with brokers and clients around the world.
Get started with your property investments! Contact us today and follow our social media accounts: Facebook, YouTube, Twitter, Instagram, and LinkedIn.
If you are buying a condo in the Philippines, one of the many decisions you will need to make is buying a parking space for your car. For Overseas Filipino Workers (OFWs), you may have heard about this as a separate investment from your condo property. You might be wondering why buying a parking space inside your own building is important and if it’s worth buying one at all. We have some reasons why buying your own parking space can be a good idea!
As car owners, buying your own parking space in your condo building is a necessity. Condos in the Philippines are located in densely populated cities where a decent parking slot is limited. You’ll mostly find yourself driving in circles just to look for a vacant parking spot. OFWs can relate to coming home in the Philippines, immerse in the daily traffic, and get into a parking rage because there’s no available parking lots.
Consider buying a parking spot for your own condo instead of renting one monthly. Condo parking spaces are much more expensive to rent in the long run than you would expect. To avoid condo parking problems, OFW buyers have to take parking space owners as seriously as buying a condo. If you have a car, it’s best to consider investing in a parking space in the condo building rather than street parking.
Condos are located in high-risk zones. This means that your vehicle can be prone to damages or get broken into when left outside the building premises overnight. It might not seem like a big deal now, but buying and owning a parking space inside your condo is worth it if you’re looking for security and peace of mind. As part of car ownership, it’s always best to take care of our assets since cars are our mode of transportation most of the time.
If you have the intention to rent your condo in the Philippines or if you’re starting to look into condos as a real estate investment, buying a car parking spot is an excellent decision because its value only increases over time. It also doesn’t hurt that condos with ample open slots sell or rent faster than those without any available spaces at all.
This means that buying a car parking space today can be profitable not just now but also in the future as well!
When investing in real estate properties especially in condominium properties, you should know that a condo unit and a parking spot is sold separately and not as a package deal. While it may seem as another wave of expenses, rest assured that you have a title issued to your own condo parking area. The building code provides a parking space for every building, and buying a parking spot may be the most sensible decision you make in your home buying process.
Now you know the importance of buying your parking spaces, let’s talk about parking spaces in the investment aspect. Parking spaces in condo buildings are an excellent investment because they rent out quickly no matter what time of the year it is.
It may not be known to everyone, but OFW condo owners can easily make passive money with a parking space. Why? Because a car parking lot will always have tenants so long as there’s demand from the condo residents and guests which makes this one of the safest investments you could make right now. No other property type offers such consistency in cash flow, which makes buying your own car park lot a wise choice.
If you have a condo in the Philippines, buying parking spaces will not only provide you with added security and safety but also an incredible return on your investment in the future. And, parking spots can be sold or leased to another owner at any time if need be!
As mentioned earlier, parking spots are limited in the city. So when your tenants are looking for a condo for rent in Manila, having a parking space that comes with the condo unit is definitely a huge selling point. Even if your tenants don’t own a car, they can still benefit from this when they have guests coming over.
Condo residents who have extra parking spots can rent out their parking area to their fellow condo neighbors to earn an extra income stream. You can also apply some of the basic real estate strategies such as waiting for the value or demand to increase before selling it off.
Come to think of it, your car park is inside a parking lot complex and chances are, your parking slot is cleaned and maintained by the parking management. Most condo communities regularly maintain their parking lots such as repainting and renovating so rest assured that you won’t have to worry about the maintenance cost.
When buying your parking slots, the same attention to detail should be observed like when you’re buying a condo for sale in the Philippines. Just like your real estate investment in the Philippines, certain factors also play a role in value appreciation and in selling your property in the future.
Invest in buying the best quality and most convenient location possible (close to the elevators). The upkeep costs on these areas is lower and they’re usually in higher demand, which could lessen the selling time and help you get a better return on your investment.
Invest in buying parking slots for sale near access roads so that loading and unloading becomes easier. These parking spots are also more convenient to sell because of its proximity to amenities like supermarkets or malls where condo owners usually go to buy groceries.
When you’re having a site tour of your condo, ask the marketing officer or your broker about the condo parking situation. As investors, get to know your options if the condo already comes with guest parking space or not.
It can be the most important investment you make in your home because it keeps all of your assets safe and secure inside the building, which are not susceptible to damages or accidents outside like when cars are parked on the street side. Condo owners should note the condo developer’s reputation and past projects. Consider if they make quality condo buildings that can last for a long-time.
Overall, having your own condo parking space is a wise investment. It may cost extra, but the price is worth the privacy and safety of your vehicle. In the investment aspect, renting out your parking space can generate an extra source of monthly funds.
Condo for sale in the Philippines! Talk to Vista Land International today.
For your condo needs, Vistaland International is here to help you make the right choice of condo investment. Whether you’re an OFW, local Filipino, or an immigrant Filipino, we are open to serve our kababayans abroad. To learn more about Vistaland International’s products and services, you can browse through our FAQs page.
Vistaland International was primarily created to bring OFW closer to their dream of finally acquiring a home in the Philippines. And with the rising cost of living in the country, OFWs and their families are looking for ways to earn extra cash flow to support their daily needs. Luckily, you can also join the global network of Vistaland International as a real estate professional and earn a commission!
Vistaland International Marketing, Inc. (VIMI) is the international marketing division of Vista Land. Aiming to provide OFWs and migrant Filipinos a home in the Philippines, VIMI has established long-lasting relationships with brokers and clients around the world.
Get started with your property investments! Contact us today and follow our social media accounts: Facebook, YouTube, Twitter, Instagram, and LinkedIn.
If you plan to sell a real estate property in the Philippines, then you may have heard of capital gains tax in conversations with family and friends. Like many others, homeowners and businesses use real properties as real estate investments in the Philippines. For Overseas Filipino Workers (OFWs) who use their house and lot in the Philippines to earn passive income, you may have already heard about capital gains taxes and how to pay capital gains tax. If not, you should learn about certain taxes instead of just renting out your property.
Under sections 24C, 24D, 27D(2), 27(D5), 28(A)(7)(c), 28(B)(5)(c), and 39A of the Philippine Bureau of Internal Revenue (BIR), capital gains tax is imposed tax on the profit by the seller from the sale of real estate properties identified as capital assets. Whether you are new to real estate investment in the Philippines or not, paying for the capital gains tax falls under the responsibility of the seller. As OFW investors, it’s important to understand capital gains tax rates.
If you plan to sell your real estate properties in the long run, then you need to identify if the property you are selling falls under capital assets or not.
According to the National Bureau of Internal Revenue section 39, capital assets are real estate properties held by a taxpayer that is not connected to his trade or business. Capital assets are liable for capital gains tax. But ordinary assets are not subjected to capital gains tax.
Ordinary assets are considered:
Buying real properties on foreclosure is also considered an ordinary asset.
Becoming aware of how much you pay for your capital gains tax is important. Capital gains tax is not exactly cheap especially if you want an income from real estate investments in the Philippines.
To know how to compute the capital gains tax on the sale of a property, the city assessor determines the value of your real estate property. They take note of the value of the real estate property based on the selling price, fair market value, or zonal value, whichever is higher.
For example, you have a 200 square meter residential real estate property in Makati City you are selling for Php 8,500,000. If your selling price is higher than the real estate property’s fair market value, then it is used to compute the capital gains tax.
According to the National Bureau of Internal Revenue section 24D, the capital gains tax rate is 6% of the property’s selling price.
To calculate the capital gains tax, you check the value of the property or its current fair market value, whichever is higher, and multiply that by 6%.
For example, if the property is valued at Php 1,000,000 – you multiply that by 6% and the total sum of capital gains tax the seller pays is Php 60,000.
Php 1,000,000 x 6% = Php 60,000
In short, the computation formula is:
Property value/current fair market value (whichever is higher) x 6% = capital gains tax amount
Some real estate sellers may want to avoid paying capital gains tax. After all, it is not exactly cheap. Fortunately, there are a few legal ways to avoid paying capital gains tax on the sale of real estate property.
One option is to engage in the business of renting real properties. You need to declare yourself as the legal lessor of the properties and BIR will consider you as involved in the business of real estate properties.
For example, if you hold your properties and rent them out, you can likely sell them off as a business sale transaction, and avoid paying capital gains tax on real estate. Additionally, you gain more profit in the long run through your rental income business.
According to revenue regulations no. 13-99 section 2(2), certain individuals are exempted from capital gains tax on the sale of a principal residence under certain conditions. The principal residence is defined as the seller’s family home or permanent residence.
The criteria for being exempted from capital gains tax on the sale of principal residence is as follows:
For more inquiries and concerns, chat with our Vistaland International Agents today!
Want to know about other real estate taxes and who pays for them? As the international marketing division of Vista Land, Vistaland International will equip you with the knowledge you need when it comes to real estate investments in the Philippines. You can browse through our FAQs page to know a bit more about us.
Vistaland International was primarily created to bring OFW closer to their dream of finally acquiring a home in the Philippines. And with the rising cost of living in the country, OFWs and their families are looking for ways to earn extra cash flow to support their daily needs. Luckily, you can also join the global network of Vistaland International as a real estate professional and earn a commission!
Vistaland International Marketing, Inc. (VIMI) is the international marketing division of Vista Land. Aiming to provide OFWs and migrant Filipinos a home in the Philippines, VIMI has established long-lasting relationships with brokers and clients around the world.
Get started with your property investments! Contact us today and follow our social media accounts: Facebook, YouTube, Twitter, Instagram, and LinkedIn.
When buying a real estate investment in the Philippines, you’re going to encounter two terms: pre-selling and ready for occupancy. In our previous articles, we already talked about the various benefits of buying pre-selling condos for sale and pre-selling house and lots for sale in the Philippines. However there are still a few Overseas Filipino Workers (OFWs) that are unaware of the differences between these two kinds of properties. At Vistaland International, we make sure that our OFW investors are well-educated about real estate investing in the Philippines because they deserve the right property for their hard-earned money.
There will be certain challenges when you investing in estate properties, whether or not you’re a newbie or an experienced investor. As an OFW investor, you should always educate yourself and keep up with the market trends in the Philippine real estate industry to protect your assets.
To start our article, let’s first figure out the RFO meaning in real estate.
A ready-for-occupancy (RFO) unit is a property in which new property owners can move in shortly after sales. The unit, a house and lot or condo for sale, is complete with tiles, paint, and partition or depending on the type of finish stated in the contract.
RFO units provide constant relief from the pain of waiting to move in days. One of the biggest advantages of having an RFO unit is that you have the option of packing your items and moving quickly after all the documentation is completed. Most of these RFO units are built in a location with many amenities and a round-the-clock security.
Ready for occupancy units are perfect for families, independent professionals, and OFW retirees who want an easy real estate purchase. RFO real estate is more expensive than pre-sale or pre selling estate and the payment terms for the down payment are a little more rigid. They are suitable for property buyers like OFW investors with ample savings for a condominium unit and has already mastered financial stability. Choose an real estate developer in the Philippines with a proven track record of developing high-quality homes and condos that is built to last for future generations.
Foreign investors are a good market for RFO condos and houses because the constitutional provision prohibiting them from owning land entirely limits them from the market with respect. A few OFW investors prefer to invest in RFO condos for sale within the city or tourist destinations because of the high demand.
There’s a clear line between pre-selling vs RFO units. To start, a pre-selling unit is sold before a condominium unit’s or house and lot unit’s completion date. It can be during the planning stages or construction of the project as long as the unit isn’t built yet. We’ve already defined what RFO means, so let’s discuss more on the differences between RFO and pre-selling properties.
The selling price between a pre-selling unit and an RFO unit is a massive difference. Condominiums are a prime example of real estate properties that are known to escalate so quickly while being constructed. But for the price of twice or even ten times the initial selling price, you get to enjoy the amenities and can properly view the location while inspecting the RFO condo unit.
With a ready for occupancy unit, what you see is literally what you get. So there’s no room for surprises when your condo unit or house and lot unit looks a bit different compared to their simulated photos. You are assured of the quality of the property in general and promises made by real estate developers in the Philippines are sure to deliver. You have the chance to view the actual condo or house unit and see if the property aligns with your preference and budget.
Since pre-selling units are sold before construction can even begin, this means you have a longer waiting period before you can move into your condo or house. Pre-selling units have a longer down payment term which means even if you have already paid for your unit in full, you still have to wait until the project is complete.
Real estate companies in the Philippines sometime offer one-time discounts and promos when you avail their RFO condos for sale in the Philippines. Real estate developers in the Philippines usually still offer big discounts, move-in freebies, and even flexible payment terms such as rent-to-own to attract buyers.
The case for ready for occupancy house and lot units is different compared to condo units. A house and lot subdivision project might take 2-3 years since it requires a bigger land space than a condo building. When the community built, RFO homes would have a higher market value than during their pre-selling prices. Furthermore, a property buyer such as an OFW can enjoy an RFO home since they can easily move-in after the down payment is paid and all the documents are duly accomplished.
For interested OFW home buyers, here is a listing of available RFO house and lots for sale in the Philippines.
Bettina Townhouse is one of the house models by Bria Homes. It is an affordable house and lot for sale in the Philippines that comes with 2 bedrooms, 1 toilet and bath, a living area, dining area, kitchen area, and a provision for carport. Bria Homes offer flexible payment options such as Bank Financing, In-House Financing, and Pag-IBIG Financing.
The Angeli Duplex is one of the house models by Lumina Homes that also offer other variations of Angeli house model such as Townhouse and Single Firewall. It is an affordable three bedroom house and lot for sale in the Philippines. The three bedroom home has 1 toilet and bath, living area, dining area, kitchen, provision for carport. Angeli Duplex can be availed thru Lumina Homes’ payment options such as Bank Financing, In-House Financing, and Pag-IBIG Financing.
Arielle is a two bedroom house by Lessandra, a well-known real estate developer in the Philippines that offers affordable house and lots for sale. The two bedroom home has 1 toilet and bath, living room, dining room, kitchen, and provision for carport.
Condo living is also has similar perks to living in a traditional home. There’s a lot of benefits buying a condo in the Philippines. For instance, an RFO condo means the services and amenities are instantly available since it’s the units and utilities are built in one building. The price for an RFO condo for sale in the Philippines are typically very high. With the completed development, the high price for a condo is worth it because of the location and accessibility. Here’s a property listing of available RFO condo in the Philippines.
Vista Residences has a lot of projects in highly-urbanized areas like condos for sale in Manila. They offer several RFO condo units such as Studio Units, One Bedroom Condo for Sale, and Two Bedroom Condo for Sale. Vista Residences has condos for sale in Manila City, Mandaluyong City, Makati City, Quezon City, Taguig, Pasig, Baguio, Cebu, and Cagayan de Oro.
Crown Asia is a luxury real estate developer in the Philippines that offers both house and lot for sale and condo for sale. Crown Asia also has Studio Condo Units, One Bedroom Condo Units, and Two Bedroom Condo Units in Cavite, Laguna, Mandaluyong, Sucat, Ortigas, Las Pinas, and Cebu.
Book a site tour with us today!
Vistaland International’s primary goal is to bring OFWs and their families closer together. We offer every kind of real estate investment possible. From condos and houses, to residential and memorial lots, we are prepared to provide you a home.
Vistaland International Marketing, Inc. (VIMI) is the international marketing division of Vista Land. Aiming to provide OFWs and migrant Filipinos a home in the Philippines, VIMI has established long-lasting relationships with brokers and clients around the world.
Get started with your property investments! Contact us today and follow our social media accounts: Facebook, YouTube, Twitter, Instagram, and LinkedIn.
The Philippine real estate market is booming. With the housing market still recovering, many people aren’t able to buy their first home or purchase a second property because of the high prices of homes in urban areas. Among those people are the working class, specifically Overseas Filipino Workers (OFWs) who hadn’t yet come home to their families in the Philippines and OFWs who lost their jobs due to the COVID-19 pandemic. As prices for homes continue to rise, more first-time and seasoned investors alike are looking to invest in real estate. While there are perks, there are also the challenges when investing in real estate.
We’ve highlighted the good side of real estate investing, but there are also a few extra precautions that you should learn before diving into property investments in the Philippines. Let’s start off the article by discussing the challenges faced when you start real estate investing in the Philippines.
With the COVID-19 pandemic still going on, the Philippine real estate environment faces several challenges both new and old. Every industry has its own fair share of pros and cons related to the changes in interest rates, inflation rates, market demand, stock market, and technology.
If you’re a real estate investor or broker, you may be familiar with a few of these problems.
Many real estate developers in the Philippines have been pushing their project start-up dates further ahead. These delays have compromised the quality of construction as well as the availability of the product. Since several cities and municipalities are placed on varying degrees of community quarantine and lockdown, most real estate projects have to stop developing their condominium and subdivisions and processing government permits in order to avoid the virus.
The steady increase in inflation rate is one of the most obvious (and biggest challenges in real estate) among the many the industry today. The present trend of high cost of living has made it difficult for property owners to pay their mortgages and utility bills, thus making them default on payments.
In the near future, the relatively slow increase in property values is predicted to continue. There are several forces that will drive real estate prices higher. First, there is a keen interest from foreign real estate investors who are seeing a surge in value for their residential homes or real estate investment in the Philippines. And second, since developers and the economy are now recovering, the prices of these properties are bound to go up soon.
As investors, you should always be aware of these factors that can hinder your real estate journey. Always do your due diligence and observe the market trends so as to better prepare yourself and gain leverage before the problem even arises.
As a low risk investment, real estate offers one of the best returns on your money. And while there are some definite risks involved, you can safeguard your investments by educating yourself with thorough research. The industry is fraught with myths and misinformation, but if you spend time looking at the facts involved, you can find a few hard and fast truths about real estate.
Here’s what you should know:
When you invest in a real estate property, there’s always an investment risk of losing your money. That’s true with any property, but it can be even more dangerous with residential properties. Residential properties are where most people make their first investments in the world of investing.
Investors can make vacation homes and apartment units out of properties and even bump up their rental prices with great services that come with renting the home. These investments are also usually where investors and business partners put in their life savings together to create demand in their product.
Many people choose to invest in real estate properties because it’s a low risk investment. If you buy real estate products at a low purchase price and hold it for a few years, there’s a good chance you can make an income out of it. And if not, there’s always the option of selling the home or condo and making a profit on your investment.
Also Related: Real Estate Strategies to Earn Money
On the other hand, there are some risks involved with many investments. One common issue is you can get confused along the way like how to keep up with the tenants’ demand or figuring out a way to . You can forget all about investing, or become accustomed to passive income and continue giving rent checks every month for years on end believing that nothing has changed in your financial situation.
And if something bad happens, that means that money is gone forever. But the biggest reason that real estate can be a low risk investment is the nature of the home that you will buy. If you own a house that’s underwater, there’s no way for you to fix it. But if you buy real estate products and rent them out, then you can always make money on rental income.
If your renters are current on their payments, then there’s absolutely nothing wrong with renting out your property. However, if they miss payments and fall behind in their rent, then it will take time to reach an agreement with them about paying back what they owe. This means that there will be a period of time when rent checks go unpaid and you have developed an outstanding credit.
For many people, real estate investing seems like a no-brainer. If you already own a home or are planning to buy one, why not take the plunge into investment property? Sure, it’s risky and there are a lot of factors to consider before buying a home but it could bring you a ton of cash and could help you retire early — right? In reality, making an investment based on ‘real estate’ is not always such an easy decision. The more complicated question is: what risk exists with this type of property ownership? Here’s how to answer that question.
If you lose your job, you may find it difficult to continue investing in real estate. This is especially true if it means making significant reductions to your lifestyle or taking on more debt in order to maintain your current standard of living.
It’s easy to get tempted by the prospect of high returns from real estate investments. However, if you’re not prepared, you could lose everything. Before making any investment decisions, you should have a financial plan in place and make sure that your investment aligns with your goals.
Real estate investing isn’t just a matter of putting money down and collecting rental income checks each month. There are many additional tasks that need to be taken care of, such as repairs and maintenance, collecting dues and communicating with tenants. If you don’t manage your time effectively or communicate effectively with the people working under you, it can be difficult to ensure that everything is taken care of smoothly.
Into the list of our challenges of real estate investment comes fraudulent real estate agents. In almost any industry, there are bad apples, and the Philippine real estate market is no exception. Fraud is committed in the real estate sector on a regular basis, so it’s important to do your research before buying investment properties.
Although real estate is a safe investment over the long term, there are a number of risks associated with buying into an investment property that could potentially push you over the edge into a negative cash flow situation. These can include things like insufficient financing from banks, unclear legal status of the property and construction issues.
In terms of real estate investment, cash flow is the amount of money you have after paying off your mortgage payments and property taxes. Having a low amount of cash flow usually happens when your real estate investment isn’t making enough money to breakeven. A low cash flow could be the result of several vacancies in your rental properties and high maintenance costs.
Real estate investment has always been showcased by advertisers as a great beginner investment for millennials and OFWs. Sure, the rental housing sector always has a market and there’s always a real estate investment group that’s willing to engage in the trade. But that doesn’t mean you go about buying properties without conducting any research. The key to have high return on investments is proper risk management. Properly allocating your funds and becoming more financially literate before diving deep into real estate investing can help a lot.
Invest in Real Estate Today with Vistaland International!
Get started on your OFW property investments with the help of Vistaland International’s real estate professionals locally and globally. There are so many ways that you can gain side income while working abroad. As a soon-to-be OFW investor, you need all the help you can get. Connect with us and we’ll bring you the best properties that fit your preference, need, and budget!
You can browse through our property search tab and FAQs page for more information.
Vistaland International Marketing, Inc. (VIMI) is the international marketing division of Vista Land. Aiming to provide OFWs and migrant Filipinos a home in the Philippines, VIMI has established long-lasting relationships with brokers and clients around the world.
Get started with your property investments! Contact us today and follow our social media accounts: Facebook, YouTube, Twitter, Instagram, and LinkedIn.
When it comes to decorating or improving a small condo, there are two things to keep in mind: style and space. Studio units and one-bedroom condos for sale in the Philippines usually have less than 100sqm of living space. Just enough room for a working professional to live independently and just the right room space for a returning Overseas Filipino Worker (OFW) on vacation.
Decorating your one-bedroom condo can be hard especially for those who live in a small studio unit. There needs to be room for everything without feeling crowded or cluttered. A small bedroom should always feel cozy and has a lot of light since it’s where you spend most of your time. You may have a small floor plan but you shouldn’t be cramped in bed while sleeping. Well, if you are looking for some bedroom design ideas, you’re in the right place!
Even with a small room design, you shouldn’t have to sacrifice style or functionality. In this article we’ll talk about the different ways on styling and maximizing space in small bedroom, interior design theme ideas you can incorporate in your condo, and one of the Philippine’s finest condo developer.
A lot of people think it’s impossible to design a small bedroom with less than 100 square meters, but those same people usually don’t even have any furnishing ideas.
The first thing you have to do is think of everything you need as far as bedroom furniture goes. You don’t necessarily need an extravagant bed in this case, so do plan for your space saving storage rooms. Here are five small bedroom ideas to decorate your bed or the whole condo unit:
A common misconception is that small bedrooms can’t have color. A lot of people think that it’s a bad thing to do, but in reality the colors you choose will be the one thing that separates your bedroom design from other similar designs. The best way to approach this is by choosing an interior design theme or a color palette that fits your bedroom vibe. Because of the size of your bedroom or condo, make sure you buy furniture that doesn’t take up too much space and lines up with your overall design for everything else in the room.
Building the bed frame is a difficult part of designing a small bedroom. The bed will always be the thing that takes up the most space in your room, so you have to get it right. In this case, it also has to be comfortable and fit in with everything else in your room interior.
Before you do anything, think about how the designer piece will mesh with the rest of your design in your bedroom space. Also, make sure you build a multi-purpose bed frame that can double as a shelve or cabinet to store extra pillows and mattresses. This way, you have design and plenty of storage right in your bed.
If you can’t build a statement bed in your room, why not buy a few statement furniture pieces for the bedroom? Will it be an accent piece on top of your bed headboard? Or will it just be the focal point in a group of designer pieces?
When you think about how these statement pieces will fit the interior design of your whole bedroom or condo unit, also think about what you will need to access when you climb into bed.
A creative wall is a large, open space that’s used to display art, photos, or posters. It can also serve as a way for you to express your personality through your decor and art. These art walls are great if you want a personal touch in your room. Gallery walls are often put up beside the bed or near the entryway of your condo.
In order for the wall to work, you need dense colors that will form a coherent scheme. You can also add pictures of important people to fill up the space if you wish to.
Different to a photo wall, a feature wall is usually a statement wall just at the headboard area of your bed. This makes your bed area pop and the sole focus in the bedroom. Additionally, a feature wall makes your bedroom look more inviting and impressive. Feature walls are used to highlight the main focal point of a room. So if you don’t want a feature wall by your bed, you can opt to build where your TV is located or if you have a blank wall in your condo that needs revamping.
Waking up in bed and having to walk on a cold hard floor in the morning can be a mood killer. The best types of flooring for a condo are those that provide comfort, warmth, and style. Having a soft cozy rug by your bed can instantly lift your mood in the morning. Having a soft cozy rug by your bed can instantly lift your mood in the morning.
A center rug in color tones with your room decor is a great way to create warmth wherever you want it to be. The best way to do this is by using more than one color in your area rug. You’ll also want a rug with a slight pattern that works well when the sofa is covered with throw pillows.
Also read: Indoor Activities You Can Do in Your Condo
Thinking about best one bedroom house design when it comes to your bedroom, you have two things on your mind – comfort and beauty. And while you can never take away a room’s size, there are a few ways to maximize your space in your small bedroom and make it feel like home and look more cozy. A smaller bedroom doesn’t necessarily equate to having smaller furniture. You can also go big in buying furniture but make sure all the furniture and fixtures are well-balanced and visually appealing.
This article is all about how to create a chic designer a small bedroom design so that you can enjoy your small room design space without sacrificing the desired coziness.
Here are four small bedroom decorating ideas when room space is limited:
Instead of a bulky bedside table and a huge nightstand, use smaller pieces or drawers for storage near the bed or in an alcove near the door; bump up bed size from single sized to double sized – helps with getting dressed in morning. As a substitute to a big table that takes up more floor space, try a simple wooden coffee table that will only take a small space in your living room.
Always opt for a multi-purpose furniture that has space for your clothes, shoes, and bags. For example, a nightstand can double as a desk and your bed can also serve as a day couch or day bed.
Utilize vertical areas for storage space
When you have limited space in your bedroom, the only way to go is up. You can add more shelves mounting the bedroom walls or a shelf inside the closet, or even wall mount in the living room that has drawers. There are several stackable boxes available in online stores, these are great for utilizing your storage space in your tiny room. Maximizing vertical areas creates the illusion of a high ceiling and more living space in the bedroom.
One of the most popular small bedroom ideas among interior designers is to make room for storage space underneath your bed to store your extra beddings sets, clothes, shoes, and other day-to-day essentials. In addition to function, most of these ideas are stylish, so you don’t have to sacrifice your room’s decor for better organization. A win-win situation.
You might think that having a bunk bed is for children only. But they actually work very well if you have frequent guests coming over your condo and you want them to feel comfortable as possible. If your condo comes as semi-furnished upon turnover, this means you have the necessary household items such as a bunk bed, a side table, a floor lamp or a table lamp, and maybe even a nightstand. If you live alone, the bunk bed can take up so much room in a small space. So in this situation, you can transform the bunk bed with a desk underneath or use it as an extra storage space in your room.
Also read: Advantages of Buying a Pre-selling Condo in the Philippines
There are so many great small bedroom design ideas out there. But how many of those bedroom ideas can fit a small space? When have a small room, you really can’t go overboard with the bedroom ideas because it’ll take too much space and end up being cramped in your condo home. We’ve listed a few simple yet designer ideas that would go perfectly for a small space.
Minimalist interior designs involves only the basic essentials and focuses on keeping the whole room simple and organized. It uses a monochromatic color palette, and features functional furniture, lots of light, and spaces within the room. These elements go well even in a tiny bedroom set-up because without the bulky designer pieces, it gives the illusion of a bigger area in your room or even the whole condo.
If you’ve been wanting a white bedroom, then going for nordic theme in your room is the way to go. Function, simplicity, and craftsmanship are the cornerstones of a Scandinavian design. Many Nordic designs emphasize natural materials, such as woods linen fabrics, and glass. So if you want a simple theme with a hint of nature in your room, then this idea is right for you.
Japandi is a mix of Japanese and Scandinavian elements. It may seem as though they these two different don’t have any common ground, but they do have plenty of similarities in terms of interior design. Japandi blends together the Scandinavian functionality with the Japanese minimalism that creates the perfect fusion of simplicity, nature, pops of color, and light. The perfect zen look in your room!
So now that you’ve learned more about the styling and space saving tips in a small bedroom, you can now apply it to your condo to make it cozy and more of a home. Looking for a condo? We have a respected real estate developer in the Philippines featured in this blog.
Also read: Condo Property Buying 101: An OFWs Guide
Camella Manors is a real estate developer in the Philippines that offers one to two-bedroom condos and studio condos for sale in vibrant cities and municipalties across the country. Coming from one the leading and most trusted house and lot developer in the Philippines, Camella Homes, Camella Manors is here to provide quality and secure condos for sale situated in prime locations.
The condo development is composed of mid-rise condo condo buildings in Caloocan, Batangas, Palawan, Bacolod, Butuan, Cagayan de Oro, and Davao. With their resort-inspired condominium projects, Camella Manors provides more than a simple condo unit but a condo you can call home.
Truly, a lot goes on when decorating a small condo unit. It’s all pretty Pinterest things until you have to prioritize space for design because you bought a bed frame that’s too big to fit the doorway. So with ths article, we hope you’ll have fun improving your bedroom.
To every OFW and migrant Filipino who are looking for a house and lot or condo for sale in the Philippines, Vista Land International has what you’re looking for in a condo. From varying price points and different environment spaces, rest assured that you’ll find the condo home of your dreams. You can browse thru our property search tab or read our FAQs tab for more information.
Vista Land International Marketing, Inc. (VIMI) is the international marketing division of Vista Land. Aiming to provide OFWs and migrant Filipinos a home in the Philippines, VIMI has established long-lasting relationships with brokers and clients around the world.
Get started with your property investments! Contact us today and follow our social media accounts: Facebook, YouTube, Twitter, Instagram, and LinkedIn.
There are a lot of factors to consider in order to become a real estate broker in the Philippines. There’s also a market of Overseas Filipino Workers (OFWs) that made a career as agents in selling house and lot for sale in the Philippines in order to earn extra income. Assisting property viewings and maintaining online house listings are only the tip of the iceberg in a broker’s daily activities.
Understanding the crucial role a duly licensed and accredited real estate broker plays in the market can help you in taking the right career path.
Real estate brokers get to enjoy perks and huge rewards from their hard work. It’s a good deal for any agent who is willing to face the challenges and risks involved in this profession.
To get started, you must first determine the difference between a real estate agent and broker. These two terms are often used heedlessly in real estate transactions that most people think it’s one and the same.
As a real estate broker in the Philippines, you will be representing buyers and sellers of properties. It means that as a real estate agent, you will be handling negotiations between both parties and taking care of the details to make sure all real estate transactions are done properly.
A real estate broker has the license to put up their own real estate brokerage firm. On the other hand, real estate agents are the people who work for under real estate brokers as representatives. Real estate agents must work under a the company of a licensed broker whereas real estate brokers can work independently without hiring agents.
In terms of course requirements, a good broker should pass the real estate broker exam while real estate agents can already qualify to work with a few real estate management courses.
There several universities in the Philippines that offer real estate courses such as Adamson University, De La Salle-College of Saint Benilde, Lyceum of Alabang, AMA University, Manila Business College Foundation, University of San Carlos, University of Cebu, Central Philippine University, ABE International Business College – Available in Las Piñas, Lucena, Cainta, and Iloilo City Campus, Xavier University (Ateneo De Cagayan), University of Mindanao, Saint Columban College, Misamis University, and several other universities.
Real estate broker applicants should apply for their real estate broker license in the Professional Regulation Commission (PRC) and then apply for a license in the Housing and Land Use Regulatory Board (HLURB) should they pass their exam. You can now visit PRC’s official website to register online for the issuance of your Certificate of Registration and Professional Identification Card.
Additionally, the broker is responsible for their agent’s actions and quality service since they’re technically the boss in the realty or brokerage firm. Both parties, the broker and the agent, must act professionally towards their client and fellow real estate professionals. With this, a licensed real estate professional should work in the client’s best interest.
Real estate brokers can also hire additional manpower aside from real estate agents such as a real estate salesperson who is mostly incharge of managing property listings, product development, site inspection, and securing important documents from the selling agent or listing agent.
One of the top questions aspiring real estate professionals ask is: how much do brokers earn compared to real estate agents? Well, commission-wise, a real estate broker earns higher than a real estate agent. A real estate agent and real estate broker both earn on a commission basis. Since the agent works under a brokerage company, the broker who runs the firm usually has the higher percentage of commissions of the property sale price.
In Vistaland International, we care for our clients, brokers, and business partners. Here’s a recap on our previous financial literacy talk: Asensadong Pinoy: Financial Literacy for Overseas Filipino Workers (OFWs).
To become a real estate broker, there are things that you need to secure first before entering the real estate industry. An eligible real estate broker must fulfill the following requirements:
The real estate education degree can be taken up in any university or college duly accredited by the Commission on Higher Education (CHED). As a vital education requirement, this bachelor’s degree an important prerequisite to learn the terms, solutions, and other needed knowledge to legally practice in the Philippine real estate industry.
Once you have graduated and received your real estate management diploma, apply for a licensure exam at the PRC. You’re going to need these documents upon submission:
You’re one step away to getting your real estate license! After your application has been approved and processed, the date and location of the exam will be posted at PRC’s official website. Take this time to study well and review what you have learned about the housing market and real estate investments.
Congratulations! If you made it this far, you probably passed the real estate broker examination. Before conducting any real estate transaction in the Philippines, you must first present all the necessary certificates and documents to the HLURB in accordance with the Philippine law.
After securing your certificate from the HLURB, you are now eligible to sell all types of real estate properties for sale in the Philippines such as low-cost housing, condominium units, and land for sale to name some.
There’s a great future for you here at Vistaland International! Check this out: Wave of The Future: Vistaland International Annual Awards 2020
A career in the Philippine real estate industry may be the right path for you. Real estate brokers have a huge impact on the country’s housing industry mainly because set the course of which housing brands and types of houses for sale in the Philippines are the best choice.
Get Accredited in Vistaland International!
As the international marketing division of Vista Land, Vistaland International provides OFWs several financial growth opportunities and real estate investment in the Philippines. Become an OFW investor today and grow your real estate asset with Vistaland International!
READ: FAQs of OFW and Local Buyers
Vistaland International Marketing, Inc. (VIMI) is the international marketing division of Vista Land. Aiming to provide OFWs and migrant Filipinos a home in the Philippines, VIMI has established long-lasting relationships with brokers and clients around the world.
Get started with your property investments! Contact us today and follow our social media accounts: Facebook, YouTube, Twitter, Instagram, and LinkedIn.
Location, location, location – this old adage never gets old no matter what the field. The same goes for real estate investing. There are lots of best cities in Metro Manila to invest in real estate; but with so much competition, it is important to do your research before jumping into the real estate game.
Overseas Filipino Workers (OFWs) and even immigrant Filipinos often look for properties for sale in highly-urbanized cities in the Philippines where the business district and economy continue to progress. They want to provide a home where their loved ones can conveniently enjoy the accessiblity of main roads and essential office spaces in their neighborhood.
For an OFW investor, however, they would often want to invest in real estate properties where the they can have high rental income that can support their families’ daily needs. As such, real estate investments located in cities where land value is high is the most sough-after property address.
Vistaland International offers house and lot for sale in the Philippines from Bria Homes, Lumina Homes, Camella Homes, Crown Asia, and Brittany Corporation.
Moreover, Vistaland International also caters to the vertical housing development. For condominiums for sale in Metro Manila and other regions in Visayas and Mindanao, Vistaland International offers Camella Manors, Vista Residences, and Brittany Corporation as well.
Whether it’s for your family’s primary residence or a side business with good rental yield, there are cities the Philippines that can provide for your needs. This article offers some helpful information about whether real estate is a good investment option for you.
Ever wonder where is the best place to buy a house in Philippines? Well, here’s a list of some of the most popular cities in Metro Manila and why they might be great investments for you!
Makati is the most expensive city on our list. It is home to Vista Land’s condo for sale in Makati such as Laureano di Trevi and Salcedo Square which give off a very luxurious vibe. However, Makati City lacks market diversity – that can be good or bad depending on your preference and goals as an investor.
Caloocan is located just north of Metro Manila. It is a well-known urban city that represents the heart of the Philippines. Because it’s close to downtown Manila, it is very easy to get around year round. With easy access to transportation and various shopping malls, this location is ideal for investors looking to live in a city that has the feel of a town.
One step away from Metro Manila, Quezon City is located just southeast of the capital city. It is a very popular municipality because of its growing economy, excellent infrastructure and convenient location. Investments in Quezon City can be considered sustainable because Quezon City is one of the fastest growing cities in the country!
Malabon lies south of Metro Manila; it’s just a stone’s throw away from Don Honorio Ventura National Highway, or Maharlika Highway. This city is comparable to other urban cities such as Caloocan, QC, and Makati. Roads are well-maintained here and there are opportunities for private sector investment in both public and private transportations such as jeepney, bus system, taxi, train and subway.
Valenzuela City is a new entrant in this list, but it’s not one you should ignore. Located north of Metro Manila, it is an ideal place to consider for private investors looking to own and sell properties. It’s also a location that has seen significant investment growth which means that there will be more competition for your properties. However, with the right knowledge and understanding of local market conditions; you can still have success!
This city is the third most expensive in Metro Manila. Located just southwest of Manila, this city is a mix of modern and traditional. Many tourists flock to this place because of its unique culture – which means more opportunities for property investors!
Pasig City is located south of Metro Manila. What makes Pasig City attractive to real estate investors is its accessibility. It has excellent infrastructure with major transportation hubs including LRT, MRT and airport access all in close proximity to commercial centers such as Ortigas Center.
Cavite City is located on the west coast of Metro Manila. It is a well-established city with strong economic sectors such as trade and shipping. Cavite has a vibrant nightlife, which makes this city a great choice for investors looking for a more exotic lifestyle.
Located a stone’s throw away from Pasig and Valenzuela, Muntinlupa offers investment opportunities in real estate and businesses that cater to both residential and commercial markets. Just like other cities on this list, there are numerous transportation hubs in close proximity to commercial centers that make it an easy commute.
Paranaque City is located just south of the Ninoy Aquino International Airport. It is one of the fastest growing cities in Metro Manila, which means that there are more opportunities for real estate investors looking for your next property. However, this also means there will be an increase in competition from other investors.
However, there are other properties for sale outside of Metro Manila that can be a good addition to an OFW’s real estate investment portfolio. Look into houses for sale and condos for sale in Cebu City and Davao City where their business districts thrive and flourish.
Also Related: Why Filipinos Should Have Real Estate as Their First Investment
Prime properties in Metro Manila and its suburbs can make you a lot of money; however, the competition in the real estate industry has been getting stiffer every year as more and more investors get involved in the Metro Manila real estate industry.
In order to stay competitive in the Philippine real estate sector, it is important that you keep up with the latest trends – especially the locations that has significant growth rate throughout the years.
Vista Land and Lifescapes is a master real estate developer in the Philippines, producing a variety of real estate projects for local and international markets.
They offer several property types and styles of living to suit your every need. Their selection of real estate companies in the Philippines include Camella Manors, Vista Residences, Crown Asia, and Brittany.
Also Related: Benefits for OFWs Investing in Condominium Properties in the Philippines
One of Vista Land’s newest emerging condominium developers is Camella Manors, located in Caloocan, Batangas, Palawan, Bacolod, Davao City, Butuan, and Cagayan de Oro. Separate from the Camella Homes house and lot brand, Camella Manors aims to provide affordable condo for sale in the Philippines.
As these locations are known to have high rental yield and with the affordable prices of condos for sale, Camella Manors ensures all investors to have great returns on investment.
Camella Manors is a good real estate developer in the Philippines. With resort-themed amenities and a prime location for a property address, these condos for sale sell like crazy in the Philippine real estate market.
The Vista Residences brand has a mix of completed, on-going, and pre-selling condo for sale in Manila, Mandaluyong, Pasig, Makati, Taguig City, Baguio City, Quezon City, Cebu City, and Cagayan de Oro.
Their projects usually consist of a variety of condo buildings with unique specifications designed to redefine condo living for students and young self-supporting professionals. Vista Residences, a one of the highly-regarded real estate developers in the Philippines, prioritizes its target niche for young professionals.
That’s why their real estate properties are near Central Business Districts (CBDs) with Business Process Outsourcing (BPO) companies, private office spaces, infrastructure projects, and employment opportunities in general.
Families in search of a great condo for sale in the Philippines with the right price nestled within good neighborhoods where their children can safely go to school usually opt for Vista Residence’s condominium units.
Crown Asia is one of Vista Land’s exclusive luxury real estate developer in the Philippines. The luxury brand has several house and lot for sale and condo for sale with great real estate investment potential that could yield rental income.
Crown Asia has house and lots for sale in Cavite, Laguna, and Sucat and condos for sale in Makati City, Ortigas, Sucat, Las Pinas City, Laguna, Cavite, Mandaluyong City, and Cebu City.
For over 25 progressive years, Crown Asia has innovated living in a world-class themed community. Their communities are known to be located near recreational and essential amenities such as fitness gyms, greenery and tree-lined roads, high-end security systems, country clubs, educational institutions, and shopping malls.
Brittany Corporation is one of the most reputable houses and lot developers in the Philippines. They offer not only quality customer service but also luxurious and competitively priced homes. As a high-end property developer under the Vista Land brand, their properties for sale in the Philippines not only afford a sense of peace but also protection from the messy, bustling environment of the city.
They specialize in developing luxury houses, condos, and vast residential lots for sale, all under one roof. Brittany has properties for sale at the Crosswinds in Tagaytay City, luxury classic American-themed houses for sale in Laguna, Italian-inspired house and lot for sale in Vista Alabang, and modern Victorian-themed real estate for sale in Sucat, Metro Manila.
If you are considering investing in a house for sale or condo for sale in the Philippines, you may be wondering if it is a good investment idea.
Whether it’s because of the country’s high demand for foreign real estate investment, its rapid economic growth, or its increased supply and limited land options—there are many reasons why people invest in real estate in the Philippines.
In fact, one of the most important factors to consider when deciding whether investing in property is whether your money will be safe with your chosen agent or firm.
Vista Land International Marketing Inc. (VIMI) is the global marketing group of the leading integrated real estate developer in the Philippines, Vista Land and Lifescapes. The group was primarily created to offer condos for sale and affordable house and lots in the Philippines to OFWs.
VIMI caters to all Filipinos citizens locally and globally, that’s why we also have international offices in Italy, United Kingdom, United States of America, Kingdom of Saudi Arabia, Qatar, United Arab Emirates, and Kuwait.
VIMI offers the ease of digital payment with their financial options, online reservation services, and electronic buyer’s information sheet (e-BIS) process.
Vistaland International Marketing, Inc. (VIMI) is the international marketing division of Vista Land. Aiming to provide OFWs and migrant Filipinos a home in the Philippines, VIMI has established long-lasting relationships with brokers and clients around the world.
Get started with your property investments! Contact us today and follow our social media accounts: Facebook, YouTube, Twitter, Instagram, and LinkedIn.
In recent years, buying pre selling condo in the Philippines has become an investment trend and there are no signs of it slowing down anytime soon. As more people jump into the real estate bandwagon, especially OFWs, pre-selling condominiums have become the hottest high ticket item in the real estate market.
If you are new to the real estate industry, then at some point you may have heard the word ‘pre-selling’ floating around. But what does pre-selling mean? In a real estate context, pre-selling is a word used to describe a property for sale before the property is being built or finished. In the west, these are also called “Off-plan properties”.
These pre-selling properties or off-plan properties are pieces of real estate- usually townhouses, condominiums, and houses and lots- that are sold by land developers in advance before their completion date. The buyer willingly enters a legally binding contract with the property developer to purchase a property before it is completed.
Also Related: Reasons Why OFWs Should Purchase A Home at its Pre Selling Stage
The majority of these investors or buyers are usually young professionals, OFWs and migrant workers, Filipino investors, and even second-generation Filipinos from abroad. And to supply the demand for pre-selling condo units and other properties, house and lot developers in the Philippines are offering more and more housing projects for these people to choose from.
As an international marketing division that prides itself on affordable mid to high-quality condos in the Philippines, Vistaland International Marketing Inc, offers several condominium options like Vista Residences, Crown Asia, Camella Manors, and Asterra. These developers are located in major cities in Metro Manila like Taguig, Quezon City, Las Pinas, Makati, and Mandaluyong and other highly-urbanized munipalities such as Davao City, Cebu City, Cagayan de Oro, Butuan City, and Bacolod City.
Each brand has its distinct style and affordability range suited for the young and middle-aged working professionals, for investors looking for a form of passive income, and for OFWs and migrant workers who want to deliver a better future for their families.
To some OFW investors or homeowners, it might seem risky to buy a condo for sale before it is fully completed. After all, the images on the product page may not be consistent with the final product upon completion. But that rarely happens to well-known real estate developers. There are several benefits and advantages to buying pre-selling condos.
With the ever-increasing demand for condos in the market, there is a large chance the value of your condo unit will grow. This is one of the safest investment drivers in real estate and why condos are always in demand.
It is a low-risk property investment that beginner investors can take a part in without suffering too much financial damage. It holds potential and appeals for investors to buy condos and invest in the building’s future developments.
A good tip when buying pre selling condos for sale in the Philippines is to look at their locations. It is common to see pre-selling condo units sold for 3 million, especially if they are located in Makati or Bonifacio Global City, and have the price double the amount once the project is finally completed.
OFW investors and foreign buyers can make a considerable profit off of these well-located condo units or they even use them to rent out their units, thereby earning passive income in the long run.
Because the unit has not been built yet, pre selling condos usually sell at a cheaper price. The idea of low introductory prices on a condo unit can be tantalizing to anyone who wants a low-cost high-return investment.
Usually, the absence of a physical unit can sell at a price that is 30-50% off compared to the price of a fully built condo unit. The affordable introductory prices draw in several property investors, OFWs, and migrant Filipino workers.
This option also beats the down payment amount of RFO condos. RFOs or Ready for Occupancy condos usually cost twice as much.
Pre-selling condos for sale in the Philippines have more payment options compared to a fully completed condo units.
Why do pre selling condos have more flexible payment options? It is because the condo unit’s condition is still under development. That means it takes at least 2 -3 years for the project to be completed. It helps lessen the burden of monthly requirements and payments.
So payment schemes can stretch from 36 months or even more. Some land developers also include payment perks such as discounts and promos during the initial development stage of their projects.
Buying pre-selling condos for sale also offers buyers the first pick of the best units in the building. Guaranteed to get the best units first, buyers are allowed to buy condo units with the best view, the perfect floor level, the corner units, and even condo units that are normally reserved for repeat customers.
These types of units are highly sought-after. They bring high profits for real estate investors. As the saying goes, the early bird gets the worm.
Aside from the advantages of buying pre selling condo units, there are also a couple of disadvantages you need to keep in mind. As a homeowner or real estate investor, you need to be aware of what you are getting into when you buy a pre selling condo in the Philippines.
Real estate developers in the Philippines always have a “Ready for Occupancy Date” for their projects. This allows buyers to estimate when the project will be completed. However, depending on certain factors, the developers may not be able to successfully deliver the unit on the date of turnover.
The delayed turnover could take months or even years. If this happens, the buyer must plan on his next move if the move-in is not scheduled at the expected time.
To prevent experiencing disappointment over turnover delays, make sure you buy only from trusted and credible developers. Aligning your investments with trusted developers ensures there are fewer risks to deal with because they already have the experience and the backbone efficiency of building condominiums.
You won’t have to worry about the project being pulled out either since they have a solid history of delivering projects to completion.
When browsing through a selection of pre selling condos or condominium projects, you will be given a preview of what they look like once it is finished. It looks amazing so it will hook you in, however; keep a watch out for disclaimers that state the project is “subjected to change without prior notice.”
It does not happen all the time but it does happen. The preview of the condo unit or its amenities may not have the same physical appearance as the finished product. There have been cases where the final result is different from the preview, causing buyers to feel disappointment and loss of expectations.
These changes could be small such as the color of the tiles or it can be large changes such as the layout of the unit. Unfortunately, buyers cannot check on the state of their unit until the project is finished. This means they can only view the physical unit as soon as the developer turns over the unit to the buyer.
A good tip to prevent feeling disappointed for buying a unit that falls below your expectations; you can research the developer’s history of the completed project and see if their preview matches with the final product. If it is consistent, then that is a good sign you can trust the developer to bring quality results.
As the international marketing division of Vista Land and Lifescapes, Inc, Vistaland International aims to provide OFWs and migrant Filipinos a chance to join the Philippine real estate market while they are working abroad and that includes pre selling condo units.
Here at Vistaland International Inc, we pride ourselves on delivering top-tier choices for pre selling condominiums. Here are a few of our recommendations you should check out.
One of Vistaland’s popular condominium brands, Vista Residences is a high-tier leisure condominium project designed especially for college students and young professionals alike.
The project is located in attractive and highly urbanized locations in Metro Manila and tourist destinations surrounded by commercial hubs and across universities and colleges.
To date, they currently have 23 condominiums in various stages of development and 5 condominium properties currently available for pre selling.
Crown Asia is the jewel highlight of Vista Land condominium brands. It offers diverse real estate properties strategically located in established commercial districts. These properties are equipped with modern amenities and boast a quality of life experience.
Investing in a Crown Asia pre selling condo unit is a worthwhile investment choice. Buyers can make the most out of their money with a Crown Asia condo investment since the unit’s property value will double once the property is completed.
To date, Crown Asia residences currently has 1 condominium property located in Mandaluyong, Metro Manila that is available for pre selling.
Presenting an all-in lifestyle package with resort-themed amenities, Camella Manors could be your next real estate investment opportunity. Camella Manors is a Vista Land condominium brand that offers affordable rates and is strategically located in prime urban locations.
A mid-rise condominium development, Camella Manors offers affordability while having all of life’s comforts within walking distance. The development is designed for people who prefer to work from home where most Metro Manila city employees move back to their hometowns while still working in a less crowded location.
This is the perfect choice for investors and homebuyers who envision living in a securely guarded community while at the same time has convenient access to malls, groceries, restaurants, and other establishments.
To date, Camella Manors currently has 5 condominium properties that are available for pre selling.
As a homebuyer or property investor, you need to be vigilant to any offer that has great advantages because it also comes with its risks. One major drawback that could leave you with a negative experience is when the developer backs out of the contract or cannot deliver the unit at all.
This means wasting all that money and time for nothing. That is why aligning yourself with reputable real estate developers in the Philippines who have a good track record of delivering quality properties is important. By doing so, there are fewer risks and better profits in the long run.
Once you have got that area covered, you can look forward to several advantages of buying pre selling condo units in the Philippines. Especially when property value increases every year so investing in a condo unit within a thriving metropolitan city is a sure-fire way to getting back your return of investments as quickly as possible.
With several opportunities available, you can look forward to investing in any of our pre-selling adn ready for occupancy condo brands such as Vista Residences, Crown Asia, and Camella Manors to reap the perks of having the best condo living space.
They are the top condominium brands Vistaland International has to offer and by buying condo units, you can take advantage of flexible payment schemes, the first pick of the best units, and extra freebies and bonuses!
Feel free to contact our Vistaland International real estate brokers in the Philippines and abroad if you have any questions or inquiries. You can contact them here or visit our social media accounts, and one of our marketing officers will be happy to address your query or concerns.
Talk with us today and get to know the available pre selling condo projects with Vistaland International!
Discover more OFW investments. Connect with Vistaland International today.
For OFWs and migrant Filipinos who are looking for a house and lot or condo for sale in the Philippines, Vistaland International Marketing, Inc. (VIMI) has a diverse portfolio of OFW property investments for you. Send us a message today!
Vistaland International Marketing, Inc. (VIMI) is the international marketing division of Vista Land. Aiming to provide OFWs and migrant Filipinos a home in the Philippines, VIMI has established long-lasting relationships with brokers and clients around the world.
Get started with your property investments! Contact us today and follow our social media accounts: Facebook, YouTube, Twitter, Instagram, and LinkedIn.
It’s no secret that most Overseas Filipino Workers (OFWs) want to provide a home in a master planned community where their children can safely grow up in the Philippines. And when it comes to searching for the right house and real estate property, the old adage “location, location, and location” holds true throughout the process.
The value of location in real estate market plays a significant role in predicting how your family would go about their daily activities.
Where your house or property is located determines how far your kids would be commuting to school, how much money your family would be spending, and how well they’re being treated by the neighbors. So it’s always recommended that you pay attention to the house’s surroundings during your site inspection.
Most Filipino families settle down outside the city for plenty of reasons: the weather’s better, there’s fresh produce in the local market, quiet nights, peaceful mornings, beautiful sunsets and sunrises. Whatever the reason, the suburbia also has wonders to offer just like that of the city.
If you dream of a simple life away from the hustle and bustle of the city, then the rural side of the Philippines may be the right choice for you to your property, whether a house and lot or owning a condominium units. As OFWs you should ultimately decide where to plant down your roots. If it’s going to in the same place where you spent your childhood years or where your spouse’s family lives or you prefer to have an entirely new address.
Deciding where you want to live before buying a house is one of the things you should talk to your family or spouse first.
Especially if you have a child on the way, it’s best to settle down in a spacious house and lot where your family has enough elbow room for the kids to grow up. For teenagers and young adults, they need to be aware of the situation and also have a say in such things if they’re comfortable with it or not.
Also Related: OFW Property Options in The Suburbans of Metro Manila
In this article, we’ve summed up the advantages and misconceptions of buying a house and lot outside the city and where you can find properties outside Metro Manila.
Generally, a typical house and lot for sale outside of the city has a lower price compared to houses for sale in Metro Manila like Quezon City, one of the highly-urbanized cities in Metro Manila. Residential communities located in the suburban areas are ideal locations for OFWs who wish to move to a new neighborhood that is easy on the pockets.
The reason why real estate properties are more expensive in the city is because there is a fast growth in infrastructure and commercial developments like condo unit, real estate property and other properties. Additionally, the real estate market competition in the rural area isn’t as tight as the metropolitan area like Quezon City, Taguig City and other cities in the metropolitan area.
Bria Homes, a top house and lot developer in the Philippines, offers affordable house and lot for sale across various cities and municipalities in the country and even to other province like Davao City and Cebu City.
As a socialized real estate developer, Bria Homes offers affordable property prices and flexible payment methods where OFWs can easily afford the home of their dreams under Pag-IBIG financing or Bank Financing.
OFWs shouldn’t have to worry about the hassle of reserving the property in the Philippines since Bria Homes offer convenient online transactions such as digital site inspection, digital reservation process, digital admin briefing, and digital payment methods.
If you value having a big house or more room for the kids, living in a spacious house and lot outside the city is the right property to buy. When you buy a property beyond the city, you get enough indoor space and outdoor space where your kids can play around and even cultivate your hobbies.
A maximum living space should not just include a large parking space and backyard but it should include room for basic necessities where your family can conveniently live. A community should also include amenities such as covered basketball courts, open gardens, and guarded entrance gates. With this rural real estate communities tend to have more green spaces and cleaner amenities.
Lumina Homes offers the opportunity for OFWs to invest their hard-earned money in one of the best house and lot developers in the Philippines. Lumina is proud to boast their roster of affordable house and lot for sale in different regions all over the country.
The property developer provides amenities inside the community and is highly accessible to main roads and transportation hubs and conveniently amenities inside the community. Lumina gives ordinary Filipinos the pride of property ownership. Truly, a reason to invest in real estate in the Philippines.
Location is one the things OFWs should consider in buying a house. Simply because the location of the property, whether it’s a condo property in Quezon City or a simple house and lot in Cebu City, defines your family’s standard of living in the future.
The Philippines has several top-performing regions that has a lot of potential. This where due diligence and thorough research should come first. There are several property finder websites to get a good look on the house prices and the most common property type in the area.
Researching on your preferred municipalities gives you an idea on how much daily allowance you’d likely spend if you living in that area.
OFW homebuyers should look for properties in an ideal suburban community that offers quality houses for sale and can fit the budget. Take Lessandra for example. As a new successful developer in the real estate industry, Lessandra progressed to be a top house and developer in the Philippines. Most Lessandra properties for sale are primely located between the suburbs and the city making homeowners live the best of both worlds.
One of the advantages of living in a property beyond the metro is being surrounded by peaceful ambiance, clean streets, fresh air, and green trees. Away from the loud bustling streets, communities in the outskirts of the city provide a unique relaxing environment.
Known for its clean and green master planned communities, Camella Homes has redefined township living and has built houses that last for generations. Camella Homes is a highly-recommended top house and lot developer in the Philippines.
The housing brand has thrived in the Philippine real estate industry for more than 40 years and has provided houses to several OFWs and even migrant Filipinos.
When you invest in one of the master planned Camella communities, you’ll get your money’s worth with its recreational amenities, essential facilities, quality houses, tree-lined avenues and jogging paths, and self-sustaining environment.
Also Related: Where To Find Affordable House and Lot for Sale in The Philippines
To better prepare your journey of finding a provincial home in the Philippines, we’ve listed down a few myths and their corresponding truth to debunk and explain.
When you live life to the fullest, there is no such thing as a dull neighborhood and you wouldn’t need social hubs to enjoy your stay. You live in the countryside, which means you and your loved ones are closer to nature. In some cases, your whole province is a tourist destination.
Contrary to popular belief, municipalities in the Philippines are becoming more developed as cities are becoming more congested.
Specifically in Luzon where most developers are now expanding projects to the southern parts of the region, certain provinces’ economies have grown as infrastructure and residential developments have progressed. There are even condos for sale in certain municipalities of the Philippines. Commercial and entertainment industries are also looking toward business expansion in the southern areas
While it is true you wouldn’t hear the city’s noise such as the sound of cars zooming past as they race through the streets or the ambulance wailing as they tear through night, the rural district has a different kind of noise. People would be shocked as they wake up early in the morning by the sound of birds or the neighbor’s chickens and dogs.
And since most provinces are now urbanized, there is still a high chance your family may wake up in the middle of the night by a car racing past or maybe the nightlife from a nearby club
People automatically assume zero crime rates when they visit or travel to a provincial area in the Philippines. However, crime is still notable in the great green suburbia. Research on the crime rate of the municipality or specific area when you have your site inspection.
As OFWs, you will be spending most of your days abroad away from your family. You won’t be able to keep a close eye on your children is one of the most agonizing things in the life of an OFW.
It wouldn’t hurt to keep your guard up especially if you’re moving in a new location and have no idea how people associate themselves.
This is a notoriously popular myth that should be debunked once and for all. Almost all provinces have stable Internet connection (yes, they also have Fiber connection if you’re wondering), abundant water supply, and electricity. Sure, some far-flung hidden areas might have little to no connection at all. But that doesn’t mean every rural region or municipality in the country has problems with these utilities.
Also Read: Buying a House for the First Time as an OFW
Bria and Lumina, a few of the top affordable house and lot developers in the Philippines, has several residential projects located beyond the metro. Homeowners can reap the benefits of both areas as these communities are strategically built along the boundary between the city and province.
Bria has affordable house and lots for sale in various regions of the Philippines such as:
Calamba, Alaminos, San Pablo, Calauan, and Sta Cruz Laguna, Baras, Pililla and Montalban Rizal, Balayan and Lipa Batangas, Iriga and Pili Camarines Sur, Urdaneta Pangasinan, Plaridel, Sta. Maria, San Jose Del Monte, Norzagaray Bulacan, San Fernando and Magalang Pampanga, Hermosa and Mariveles Bataan, Paniqui Tarlac, Dumaguete Negros Occidental, Danao Cebu, Ormoc Leyte, Calbayog Samar, Balingasag and Gingoog Misamis Oriental, Valencia and Manolo Fortitch Bukidnon, Panabo-Carmen, Digos, and Maco Davao, Kidapawan and General Santos.
Lumina has affordable house and lots for sale in various regions of the Philippines such as:
San Juan La Union, Manaoag Pangasinan, Tuguegarao Cagayan, Cauayan Isabela, Pandi, Plaridel, Sta. Maria, Baliwag, and San Miguel in Bulacan, Pilar and Balanga Pampanga, San Jose and Cabanatuan Nueva Ecija, Conception and Maliwalo Tarlac, Subic Zambales, Binangonan, Pililla and Baras Rizal, Lipa, Rosario, Bauan, San Pascual and Tanauan Batangas, Calauan Laguna, Sariaya and Tayabas Quezon, Legazpi Albay, San Vicente Camarines Norte, Sorsogon, Aklan, Capiz, Iloilo, Dumaguete, Kabankalan, Sagay, Silay and Bacolod Negros Occidental, Carcar Cebu, Pagadian Zamboanga del Sur, Ozamiz Misamis Oriental, Malaybalay and Valencia Bukidnon, Tugbok and Tagum Davao del Norte, Polomolok South Cotabato, and Butuan.
When relocating to a new house in an entirely new city, keep in mind that your family might deal with homesickness and culture shock. So it’s best to maintain expectations and avoid underestimating the cost of transitioning into a new environment.
In the end, the grass is greener where you live comfortably. Life in the province is not all that bad. It all depends on how you are going to create worthwhile memories for your children.
Let Vistaland International help you find your dream home
To every Overseas Filipino Worker (OFW) and migrant Filipino who are looking for a house and lot or condo for sale in the Philippines, Vista Land International Marketing, Inc. (VIMI) has a diverse portfolio of OFW property investments for you. From socialized housing developments to condominiums for sale in the Philippines, VIMI can satisfy the dream of every OFW investor to provide a worthy home to live in.
As the global marketing division of the largest integrated real estate developer in the Philippines, VIMI aims to provide quality houses that are built to last for future generations.
Vistaland International Marketing, Inc. (VIMI) is the international marketing division of Vista Land. Aiming to provide OFWs and migrant Filipinos a home in the Philippines, VIMI has established long-lasting relationships with brokers and clients around the world.
Get started with your property investments! Contact us today and follow our social media accounts: Facebook, YouTube, Twitter, Instagram, and LinkedIn.
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