Investing in a condominium in the Philippines is one of the finest things life has to offer. Of course, every OFW and migrant Filipino wants to see the fruits of their labor. And one good way to showcase this is by obtaining something you can call your own. You can get the better rewards for yourself starting even in your prime age because of the affordable price packages of condominiums in Vista Land.
You might be looking into a number of products for investment purposes, or you might be curious about investing in real estate, which can be quite a headache because of all the skimming and scanning through different materials. So here is a comprehensive condo investment guide to help you get that wise decision on point.
For years, Vista Land has developed several house and lot subdivisions in the Philippines that provided more than 500,000 Filipinos a safe haven to live in. But with the growing infrastructure developments in metropolitan areas, there is also an upturn in demand for a residential space. Whether you are an OFW or a migrant Filipino, having a home in the city brings you closer to business establishments, social hubs, recreational parks, and fine dining.
If you are looking for an affordable condo unit near the city, Bria Astra is a pre-selling condo development that offers lower prices which is best for young OFWs who wish to have their home. Astra is the condominium development from Bria Homes. The project is set to launch as a mid-rise affordable condominium development that will soon rise in four progressive cities namely: General Trias, Cavite; Calamba, Laguna; Mactan, Cebu; and Cagayan de Oro, Misamis Oriental.
Even though it is a budget-friendly condominium development, you can enjoy comfort and convenience without compromising the quality of your condo home. Bria Astra homeowners can relax in a spacious 24sqm studio unit with a provision for one bedroom, one toilet and bath, dining area, kitchen area, and living area.
Live a healthy and active lifestyle with Bria Astra’s amenities within the condo development. You can spend your leisure time at the fitness gym, swimming pool, clubhouse, and function hall. Among the other amenities in the building is the shower area and admin office on the ground floor. You would not even have to worry about security since Bria Astra features its guarded entrance gates, CCTV cameras, and roving security guards.
For future developments, Bria plans on building a provision for a school at Astra General Trias and a wet and dry marketplace and food park within Astra Calamba’s premises. Both of these projects will feature two hectares of condominium development composed of 11 four-storey walk-up buildings, 880 one-bedroom condo units, and 237 parking spots.
These future developments are perfect for OFWs to invest as early as possible. With the affordable price range today, OFWs and migrant Filipinos can shed some of their money and let their condo investment’s value appreciate. For young professionals, Bria’s Astra condominium community can indeed be their first home as they create lifelong memories and make their dreams come true with its affordable price and value-for-money offerings.
Discover more house and condo investments in Bria.
Camella Manors Bacolod- Olvera
You probably heard about the “Camella Homes” which is one of the established housing projects trusted by the Filipinos, now they are here to spice things up and elevate their game by catering to the condominiums category. You heard it. Camella Manors is a vertical project situated at the heart of Vista Land’s communicities to offer a holistic lifestyle to its residents. Camella Manors is also here to provide you with high quality and exclusive condominium villages. Camella Manors continuously elevate lives through these 5 Towers of Commitment: prime location, suburban environment, security and wellness, value for money, and practical condo investment.
Just like the vibrant yet laid-back community of Camella Homes, you can live comfortably with Camella Manors’ 30.36 sqm studio unit, 36.30 sqm one-bedroom unit, and 40.26 sqm two-bedroom unit. These condo units come with a provision for a bedroom/s, one toilet and bath, living area, dining area, and kitchen area.
Because of its prime location near schools, churches, hospitals, shopping malls, and public transportation, you can easily navigate your way through traffic and still arrive at your destination on time. Camella Manors proudly boasts its exclusive amenities where homeowners can have a good time swimming in the pool, working out at the gym, or shopping at the commercial strip near the condo building.
This is perfect for OFWs who want their condo investment to sit on a balance of business and personal endeavors as most of the projects are situated on more developed locations which guarantees the best ambiance for a quality living with pride and authenticity.
A promising future awaits at Camella Manors!
Vista Residences- Pinecrest in Quezon City
Visualize yourself waking up in the morning with the stellar views of the building skyline in the heart of the metro. There is no need for a long ride to work or school as Vista Residences’ condominium developments are conveniently located in Metro Manila. Having a home in the city cuts your travel time shorter when you are going to your workplace or school. Living within the hustle and bustle of the central business district may feel a bit hectic but you have the advantage of living within walking distance from commercial establishments and train stations.
At Vista Residences, you have three condo unit options to choose from, a studio unit, one-bedroom unit, and two-bedroom unit with the essential condo unit features such as a provision for a bedroom/s, one toilet and bath, dining area, kitchen area, and living area. It has two main condo project series, the University Series and the Professional Series targeted towards students and young professionals respectively.
The University Series is a wide selection of transportation-friendly condo developments situated across premier universities in Metro Manila. Whereas, the Professional Series is a variety of condo projects strategically located in Manila’s central business districts. Whether you are a student or an independent professional, Vista Residences lets you live an easy life right at the heart of the city.
Vista Residences, as a condo investment option, is well-suited for OFWs and migrant Filipinos who have children going to school in Manila or relatives who have work in Manila as well. You can enjoy living in the central business district while also having the comfort of a home in a condo unit.
Delivering comfort at all times, Vista Residences is a worthy condo investment!
COHO- The Courtyart Taguig
Imagine living in a condo home where you can shop and dine that is only a stone’s throw away from your building. Being Vista Land’s newest stylish condominium development in Metro Manila, COHO (Condo Homes) is a highly-preferable asset for OFW investors who wish to have a minimal vacation space in Taguig, Las Pinas, Bacoor, and Tagaytay. Living at COHO by Vista Land not only brings you closer to entertainment hubs and business offices, but you would never have to worry about weaving in and out of traffic anymore.
You can create beautiful lifestyles with COHO’s 24 sqm studio unit, 34sqm one-bedroom unit, and 44sqm two-bedroom unit. These condo units have a provision for a kitchen area, dining area, living area, one toilet and bath, and bedroom/s. You get to enjoy the views of the city or the condo’s amenities with COHO’s provision for a balcony.
With COHO’s exclusive amenities and proximity to shopping malls, you can achieve that work-life balance you have been dreaming of. Each COHO community has its own fitness gym, swimming pool, clubhouse, CCTV cameras, and guarded entrance gates. COHO has what it takes to spruce up your way of living when you spend laid-back afternoons at Coffee Project, get freshly-baked pastries at Bake My Day, pick up groceries at All Day Supermarket, and buy the latest home furniture trends at All Home.
COHO by Vista Land is an ideal condo investment for OFWs who have already spent several years abroad and have saved up enough money to invest in a long-term asset. With a condo home metro, OFWs and migrant Filipinos can peacefully relax before coming home to the province especially after a red-eye flight.
Create your own beautiful lifestyle at COHO!
Condo living has become widespread nowadays. People tend to get a property for varying reasons; some for investment, some for their family’s safety, some for hangout haven, and some even buy it as a gift and for whatever reason they may have, one good thing about this is certain, they all share the same experiences of being happy and satisfied and are reaping the fruits of their investment now.
Any condominium is really a good choice. It’s just how the owner will manage to do his resources and of course all of these come from a series of careful and strategic planning and of course it must be suitable to your considerable factors.
How about you, what project do you want for your next condo?
Invest in a condo today! Vistaland International is here to serve you.
To every Overseas Filipino Worker (OFW) and migrant Filipino who are looking for a house and lot or condo for sale in the Philippines, Vistaland International has a diverse portfolio of OFW property investments. From socialized housing developments to condominiums for sale in the Philippines, Vistaland International has satisfied the dreams of every OFW investor.
Vistaland International offers different kinds of real estate assets and affordable house and lot units to ordinary Filipinos as well. Having one of the largest real estate companies in the Philippines as part of their selection of real estate investments, VIMI aims to provide quality homes that are built to last for future generations.
As the international marketing division of Vista Land, we provide several financial growth opportunities for OFWs’ real estate investment in the Philippines.
Become an OFW investor and grow your real estate asset with VIMI! Connect to us via our live messenger button or contact us here.
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.
by Van Lemuel O. Sanclaria
Time really flies when you’re enjoying things, but do not be fooled by this clause. As time goes by and we age little by little, things do start to slow down for us. This is also the state where we won’t value the importance of investment and solely rely on work to support our necessities.
Investing on something can get really difficult, so understanding investment at a young age may be a good thing. There are also surveys and research which shows that the earlier you understand Investment the richer you will get, and we can’t deny this fact.
Take it from one of the pioneers of Philippine real estate, Mr. Manuel B. Villar Jr. He started investing in business when he was in his mid-20’s. From sand and gravel delivery services he segued into house construction services which then is now Vista Land and Lifescapes Inc,. His goal is to help our fellow Filipino people to have their own so-called Filipino house and lot.
He successfully made this goal possible and now established a name in the Philippine real estate industry. His goal also widened and started garnering insights about reaching out to our Filipino people abroad thus opening OFW investments for our kababayan.
According to Forbes’ list of Top 10 Wealthiest Men in the Philippines, Manny B. Villar Jr. is now part of the list sitting at 2nd as of September 2020. And with the help of his fellows, we can see their projects spread out through the Philippines. They even have multiple developments in a single area just to satisfy the people’s need for house and lots. Their projects may also vary from affordable to luxurious types to suit the lifestyle and demographic needs of our OFWs and local investors.
Thinking of tapping another way to help accommodate the needs of the people, they also ventured into condominium developments and started creating a house for people who prefer to have that city life while having that safe and secured home. They also transcended into University Series Condominiums that are placed near top of the line schools which specifically was meant for students who are having difficulty traveling from far away home.
Vista Land already made their name in this career and is continuously exerting best efforts to expand the scope of their projects.
Camella Savannah Iloilo – Trails and Glades Enclaves
Aside from house and lot packages, OFW investments may also come in different forms of properties such as lots only units, condo units, and memorial lot packages. Also, investments are not limited to people who are residing in the Philippines only but also for our fellow OFWs who want to take part into Philippine real estate investment. There are lots of investment to choose from and each have their own ways to earn money from the invested property, each have their own pro’s and con’s, and it all depends on how well it is controlled by the owner.
There are also things to be considered when choosing and before purchasing a house and lot property such as: house structures, material composition, and security systems etc. These are the things which make your purchase a quality investment. This also helps you to know how your property will grow or how will it progress throughout the succeeding years.
It’s also necessary to choose the best investment that will suit your financial capacity because this is something that will be yours and you are responsible for that investment. In a similar manner with raising a baby, you are the one who will nurture it until it is fully grown and ready to be a matured investment that’ll give you support for your finances.
The market for the Philippine real estate industry has grown in an exceptional rate since the past years. According to Asia Property HQ, they forecasted that the market will slow-down throughout 2019 but the market remained stable. In the year 2020, a full-scale pandemic and other calamities hit the Philippines and this brought a massive downward slope in purchases to the real estate industry.
And with regards to 2021, even with the factors like the pandemic and other calamities, people are still trying to cope up with these circumstances. But contrary to what happened, house and lot purchases began to rise up again. Investments at the start of this year are already reaching its target and this just shows how resiliency is a key to play the game.
As the saying goes “The early bird catches the worm”, this is applicable to investment in a sense that the earlier you try to engage in investing for a house and lot, the earlier you will reap all of its benefits later on. This is the case for most of our OFWs who retired at an earlier age because they are already reaching their desired source of income from their investment. They replaced their income from their work pay to passive sources in an instant and they are enjoying the time of their lives right now. How amazing is that? And how amazing would it be if it happened to you?
COHO by Vistaland
OFW investments actually became widespread recently especially for those people who wanted to increase their source of income and want to start shaping for their passive income in the near future. OFWs became the massive investors now since they are the ones capable of generating higher amount of capital than most of Filipino people who are planning to invest in a property in Philippines.
There are several ways on how to invest at every age, it’s just a matter of how you’ll find your way to act now. It is true that age is just a number and as an equation in life should be, it needs proper calculation. Investment and age are contradictory to each other in a sense that as you go through the course of time, our income becomes unstable depending on our priorities and spending habits whereas an investment just increases in value and it is something that we should be aware of.
Investment is really something that needs to be highly considered. It doesn’t matter what age you tried to engage in, but the earlier you try to work on it is what matters. And if you ever feel troubled about when to start, Vistaland International Marketing is there to accommodate you throughout your investment career.
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.
For OFWs, buying a property is a huge milestone. Some people see this as the ultimate sign that they have finally made it, that they have finally reaped the benefits of working hard – that a new home is the best way to start the next chapter of their lives! But here’s the dilemma: should you buy condo or house and lot?
Given the options available in the market, choosing the right type of house can be tricky. In this article, we have narrowed down the search into two types of homes that OFW families usually choose to move into: first, a condominium or second, a house and lot. These two types of homes offer their own set of pros and cons and we are here to help you see which property is best suited for you and your family.
Choosing between condo or house and lot can be quite difficult, as each carries their own set of benefits and disadvantages. Speaking of which, we’ve listed them down in detail so you can take a better look and weigh your options a bit more carefully. Also, there are also other factors such as your budget and lifestyle
If you enjoy being in close proximity to a lot of strategic locations such as malls and other establishments, then a condominium might just be right for you. Condominiums are extremely convenient for its residents, and its developers make sure of that by choosing locations which are situated near strategic areas.
Those who have jobs near those locations would benefit greatly by having a place to call home within the immediate vicinity of where they work or go on a daily basis. Living nearby one’s place of work or school not just means cutting down expenses on transportation, but it also means reduced travel time in getting to places – ergo allowing more free time or time spent with family and loved ones.
Another reason to consider living in a condominium would be the availability of amenities. Most condominium developments today allow residents access to swimming pools, gyms or fitness centers, playgrounds, tennis courts, and function rooms that would not be normally found in a typical home. For OFWs wishing to have access to these kinds of amenities, then perhaps a condominium lifestyle is for you. To add to that, condominium buildings offer 24/7 security in the premises. This only means that you do not have to worry about your condominium unit if you have an active lifestyle. You can be assured that while you are away, your condominium unit as well as your personal belongings are safe in the building.
While convenience sums up the condominium experience, it also has its fair share of disadvantages. For one, it is usually located in urban areas so that means that you can expect the surrounding area to not just be busy, but sometimes loud and quite polluted as well. For those that value the outdoors and having a view of nature, this type of setup may not be ideal.
Condominiums are typically smaller as well in terms of space as compared to having your own house and lot. While some condominium developments offer bigger units, not all real estate developers make this as a priority now. Majority of the condominium units sold on the market are your standard studio room, a one-bedroom or two-bedroom unit. To add to this, if you have a car, parking is a whole other matter as that would mean a separate investment outside of the condominium unit that you have paid for.
Condominium dues vary depending on the location of the building and the extensiveness of its amenities available to its residents. Condominium dues and fees are monthly or annual expenses that do not go away, and come at the cost of living at a place with amenities and full security.
And finally, for pet lovers out there, before purchasing your condominium unit, make sure to ask first if pets are allowed inside the building. As many people reside in the building, naturally, you are required to follow the rules of the condominium corporation, when it comes to what can or cannot be done inside your own condominium unit.
There are many good reasons to buy a house and lot in the Philippines. Having a house and lot means getting the maximum amount of control in your home. From the construction to the furnishings – you have all the freedom to choose how you want your house to look, provided of course that you stay within the zonal limitations. Regardless however, having a house and lot allows you and your family to have more space which you can opt to convert into a garden, a parking space for your vehicle, or extra room for your pets and storage.
Similarly, having a house and lot allows for expansion in the future. You have the liberty to add more rooms for your growing family or to tear down walls for bigger living spaces. With a house and lot of your own, you have the freedom to decorate as you please.
Unlike a condominium unit where only a door and a wall separates you from your neighbors, houses are usually gated, ensuring more privacy from your neighbors.
Finally, the biggest advantage to owning a house and a lot is the value of your investment. Having your own land legally titled to you is a great investment. Land appreciates in value over time. This assures that in the future, you have something to leave your children and grandchildren behind.
Especially near strategic areas, houses can be really pricey. If you are on a certain budget, consider buying a house further away from the central business districts. Although doing so will mean fresher air and less congestion, on the other hand, this would also mean longer time spent travelling to and from the supermarket or to and from your children’s schools.
The extra space you get naturally means more expenses not only in terms of purchasing a house and lot, but also when it comes to maintenance. Although having your own house and lot means that you are not required to pay any sort of condominium dues, this does not mean that there are no maintenance expenses, there are also HOA monthly fees for house and lot inside subdivisions. Any such maintenance on your home would have to be done by yourself. Consider other expenses for the upkeep of your home to keep it in good shape for you and your family.
One last thing to consider is the location of your home. Houses in gated subdivisions are safer due to their exclusive nature, but houses located within main thoroughfares may not be safe left alone, without anyone guarding the house. Having the right security measures such as a gate, a wired fence, and even CCTV cameras are just some extra precautions homeowners take to keep their homes safe. Sometimes, asking someone to guard your house is better than leaving it alone when the family is off traveling.
Choosing between condo or house and lot all boils down to your specific lifestyle needs and budget. For OFWs who prefer to start a small family, a condominium could be the perfect option. For those who are in need of a bigger space, a house and lot is the most sound option. Whatever your decision between condo or house and lot, we’re sure that you’ll get the most out of your investment will careful planning and research.
These are just some of the ways condominiums and houses size up. At the end of the day, the decision should be made based on your family’s needs and priorities. If you are an OFW trying to make a decision whether to go for condo or house and lot to purchase for your family, make sure to take the time to read our other blogs. To get you started with the right options of purchasing your house and lot or purchasing a condominium unit, check our catalogue at Vistaland International today. Happy house hunting, kababayan!
There are many ways to earn money by investing in properties. There are many different strategies that OFWs can use when they purchase properties. Such strategies include the buy-and-hold technique or buying and selling, more commonly known as “flipping”. But underneath these strategies are a few key factors to keep in mind to make your investment (and investment returns or ROI) even more worthwhile in the long run. Look no further OFWs, for Vistaland International has you covered to help make the most out of your hard-earned money.
According to Investopedia, return on investment (ROI), “is a performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of a number of different investments.” Meaning, it measure the profitability of an investment against the incurred expenses. A good investment returns percentage range from 7% – 10%.
Properties whether they are houses or condominium units are sold at a lower price before the building construction is finished. Buying a real estate property during its pre-selling stage is a great opportunity for OFWs to close the deal at a price lower than its future market value once it is fully constructed. For those who are not yet in a hurry to move into their new home or not in a hurry to quickly flip it for investment purposes, this is the best course of action. Even if you do not use the buy-and-hold strategy, rest assured the property will increase in value upon completion.
Location is fundamental when it comes to real estate. Since most people go into real estate for the purpose of having a long-term investment, the location can make or break your property’s returns. If you are looking to have your property rented, location is one of the factors that dictates the price of the rental fee. In fact, the quality of the home often comes second when it comes to the pricing, as you would find even old and unmaintained homes hold its high price due to its strategic location.
Areas near central business districts are always important locations. Being situated near transportations such as train and bus stops, as well as commercial areas like mall complexes, are all of what adds to the price of the property. A highly-preferred type of location would be near vacation destinations as these never run out of tourists and offer a great alternative to the usual hotels in the area.
Investing in property in the long-term means thinking ahead as well. Although particular areas are not currently generating foot traffic, it does not mean it will always remain that way. Do further research into upcoming government projects such as future transportations hubs and infrastructure developments. Look into what other major property and urban developers are doing, if they plan to turn the area into a new metropolitan hub. As mentioned earlier, acquiring real estate properties before its construction phase is finished will have several benefits especially once the surrounding location has further developed.
Having all the money to invest in a real estate property does not always mean you are maximizing your investment returns and money’s worth. Putting the time and effort into your own research and making smart decisions such as investing in real estate can have great benefits. Saving up is not an easy task to do as most OFWs would know, so being smart about your property buying decisions is essential to making your investment worthwhile.
To our kababayans out there, discover more tips when it comes to investing in a property, choosing your dream home and more by reading more of our latest blogs.
Ready to invest in a new home? Contact us or visit us at www.facebook.com/vistalandinternationalofficial to learn more.
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.
Just like people, house and lots may come in different shapes, sizes, types, structures, and build. They could be a single home, a townhouse, or an apartment complex.
A house investment is like a person because it does not care where anyone came from and what they are going through, it is something they can be their complete self with. Some even say that houses actually share the same personality as the owner because it is where you are celebrated for the unique flaws and some quirks that make someone authentically themselves.
And as long as they have a house and lot, it is where they are meant to be.
In the same manner, a house also deteriorates throughout the course of time so an effort to care for them will maximize their longevity. Of course there is also a need to feel safe and secured, just like inside of a home.
A house can also be related to a person as some may be particular with regards to picking what is best for them, and it is completely okay to be critical with what you want. Besides, no one wants to settle for less right?
In this article, you will find out which house and lot investment that fits your wants, needs, and budget.
A defining feature of a single firewall house unit is the firewall side of the home. Essentially, the firewall protects your home and your neighbors from a fire. A firewall feature is often overlooked by homebuyers but it is practically a built-in safety precaution in your home.
Here are four single firewall houses ranging from affordable to average prices.
Alecza is a bungalow type single firewall model house of Bria Homes. You can enjoy a spacious affordable living in a 36sqm home on a 81sqm lot. With two bedrooms and one bathroom, Alecza SF is an ideal home for independent OFWs who have already worked abroad for a few years and want to have a small house and lot property that would fit their budget. Alecza SF also comes with a living area, dining area, kitchen area, and a provision for a carport.
If you are looking for more options, Bria Homes also offer Bettina, a two-bedroom townhouse unit; Elena, a one-bedroom rowhouse unit; and Thalia, a three bedroom bungalow single firewall house that also has a duplex counterpart.
Angeli is one of the two-storey single firewall model houses of Lumina Homes. Angeli SF has three bedrooms on the second floor and one toilet and bath on the ground floor, making it a fitting home investment for OFW families who have one to three children. Since Angeli is a two-storey 42sqm house unit, your family can enjoy bonding moments in the living area, dining area, and kitchen area. Angeli SF is built on a 54sqm lot so you have enough outdoor space to have a provision for a one-car carport.
Angeli also comes in a townhouse and duplex type of home with only two-bedrooms and a smaller lot area. Lumina homes offer several two-storey single firewall model houses with two to three bedrooms and one toilet and bath. Find more affordable single firewall houses from Lumina Homes here.
Criselle Singe Firewall is a 40sqm house unit where you have two bedrooms on the second floor and a living area, dining area, kitchen area, one toilet and bath, and a provision for carport on the ground floor. Criselle SF lets your family live a comfortable, quality lifestyle because of the minimum lot area of 60sqm where you also have an outdoor dirty kitchen. Supposing you have already saved up enough money to buy a bigger home, Criselle SF is a perfect choice for OFWs who have been working abroad for several years.
If you are looking for other house and lot options, there are bigger single firewall houses such as Ezabelle, Frielle, and Sienna and a smaller townhouse unit, Arielle.
If you want an even bigger home for your family that still fits your budget, Bella SF a good house and lot option for you. Because of its 53sqm floor area and 88sqm lot area, Bella SF also a perfect choice for newly wed OFWs who are starting to look for a house and lot in the Philippines.
Bella SF lets your family enjoy their comfort and privacy with two bedrooms and one toilet and bath on the second floor. Bella has a living area, dining area, and kitchen on the ground floor where families can create worthwhile memories in.
Camella also has other single firewall homes such as Alli, Alliyah, Cara, Dana, and Ella, and single detached house units such as Freya and Greta usually plotted on prime corner lots for more outdoor space. Check out why Camella remains a favorite for OFWs here.
Townhouses are single home units simultaneously built alongside each other. A townhouse has a faster turnover rate compared to other house units since it can be built as small as four units to as large as twelve units per complex. Generally, townhouses are cheaper compared to single firewall homes because of their small indoor and outdoor space.
Bettina townhouse by Bria Homes is a suitable option for young OFW couples who have worked abroad for a year or two. For this house unit, you have one toilet and bath, living area, dining area, kitchen area, and a provision for a carport on the ground floor and you have two bedrooms on the second floor.
Bettina TH is an affordable 44sqm. house unit built on a 36sqm. lot area. If you want a bigger outdoor space, the end unit of any townhouse is a better choice since there are available units located on a corner lot.
Angeli townhouse is one of the townhouse model units of Lumina Homes. This townhouse unit is appropriate for newly engaged OFW couples who wish to start a family but want to avail a home that meets their budget. On the second floor, you have the option for a three bedroom layout or have two bedrooms and a mini family hall. For the ground floor, you have one toilet and bath, a living area, dining area, kitchen area, and provision for a carport.
Angeli TH has a smaller floor area compared to Bettina TH, having only 42sqm. but the same 36sqm. lot area. Though a smaller home compared to Bettina TH, Angeli has other types such as a single firewall and a duplex home if you wish to have more outdoor space.
Lessandra’s smallest house unit in their variety of easy-to-own homes is Arielle townhouse and the smallest townhouse unit compared to Angeli TH and Bettina TH. Although it costs more compared to Angeli TH and Bettina TH, you have the luxury of enjoying Lessandra’s amenities inside the community such as clubhouses, swimming pools, basketball courts, and playgrounds for your kids.
For the house features of Arielle TH, you have one toilet and bath, kitchen area, living area, and dining area on the ground floor and you have two bedrooms on the second floor. Having only a 36sqm. floor area and a minimum lot area of 44sqm., Arielle townhouse is well suited for self-made individuals and millennial OFWs who want to have a place of their own.
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Being single in your 20s and 30s has its perks. If you want to acquire a house and lot in the Philippines, you have the luxury of having the title of the property under your name.
A perfect option for single independent OFWs are townhouses and duplex houses. Townhouses and duplex homes offer an inexpensive, low-maintenance alternative to buying a big house that does not fit your needs. While these homes are far more affordable than single firewall or single detached houses, you can still enjoy socializing with your neighbors without giving up your personal space.
Since your home is separated by a shared wall, living in a townhome or duplex home lets you enjoy your separate living spaces while keeping your privacy and security. These types of homes have two or three floors that come with either one or two bedroom provisions which is suitable for millennial OFWs and aspiring locally employed Filipinos who want to live independently.
Looking for a home to call your own? Browse through our house and lot properties by clicking here.
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Being a single parent can be challenging and more often than not, many single parents opt to rent in a cramped apartment over buying a house and lot property. Investing in a home is a wise decision because it builds your equity over time and it gives your kids a safe place to play and make worthwhile memories.
For single parents looking for a home, living in a single firewall or single detached home is the best option for you. Although it costs more than a townhouse or a duplex home, single firewall and single detached homes have more space indoors and outdoors. Having a house with already sufficient space allows more elbow room for your children to grow up in. You would not have to worry about looking for a bigger home when your children are older and want their own space.
Compared to a townhouse, living in a single firewall home guarantees safety and privacy since you have the whole house to your family. In a single firewall home, you have at least two meters of proximity to your surrounding neighbors. The distance allows you to celebrate parties and watch movies while observing proper community guidelines without disturbing your neighbor’s peace and quiet.
There are more to these types of houses other than being associated with the word “single”. These houses are strong and can stand alone, which ensembles most of our OFWs. Though stated, it is not limited to the idea that only single individuals can have this type of home, much depends on the preference. Take note, a house would only be a hose without “u”.
Owners can really maximize their space varying on the disposition of the house and lot. They have the freedom to customize the property which allows them to build a home extension, customize some of its existing structures, and landscape the outdoor space without consulting the tenants for approval. Imagine that freedom!
Carefully choosing a location where your heart truly desires is always a good idea. Consider the proximity of the community you like to your workplace or your children’s school if it is convenient and accessible to main roads and major highways. Some of the owners fell in love at their first site — the moment they took in the view of the community. This is the best way to invest your feelings on. A house and lot would be single until the day homeowners do the first move-in or until they reserve a slot to secure that the unit legally belongs to them.
So if you ever feel pressured and lonely, remember that there is always a “single” house waiting to be partnered with.
More OFW Investments in Vista Land International Marketing, Inc.
Looking for more property investment options? Vistaland International has an immense selection of house and lot brands from affordable housing to luxury real estate developments. With the help of Vistaland International’s licensed real estate brokers worldwide, OFWs and migrant Filipinos can easily choose the home they always wanted.
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.
Buying a home is not merely purchasing a house and lot, but it is also about becoming a part of a larger neighborhood or community.
Moving your family to a new neighbourhood is always a big milestone for any OFW. In fact, there are so many considerations that come into play when making that purchase. One important consideration that any head of the family needs to make is the kind of neighborhood or community that their family should move into. Just like choosing the type of home that would suit one’s family, choosing a neighborhood to reside in would depend on several factors. With that in mind, Vistaland International has come up with some factors for OFWs to guide you when it comes to moving your family to the best neighborhood.
One of the priorities anyone considers when moving into a new house is the location. If you are looking forward to spending the next chapter of your life with your family, then the first thing to consider would be the location of your future home. The location should be carefully planned and discussed thoroughly because moving your home to a new environment may affect your overall lifestyle and experience. For example, if you prefer nature or peaceful and quiet surroundings, having a house inside a gated subdivision, or somewhere far from major metropolitan areas should be your main preference.
On the other hand, if you have children who have already enrolled in certain schools or universities, consider a neighborhood that is within proximity to your children’s schools and your workplace. Many families give up the privilege of residing outside of the city to be closer to their workplaces and to children.
Just the same, location is also closely related to price and its capacity to give you safety and comfort. Houses near flood-prone areas have, over the years, decreased in value compared to houses located on higher grounds. Additionally, homes located inside gated subdivisions or villages have higher prices for the sense of exclusivity and of security with 24/7 roving guards.
Having a home that aligns with one’s lifestyle is great because it brings convenience to you and your family members. Is your family the type to frequently go to shopping malls or other establishments? Is it important for you and your family to safely ride bikes or go for a run near your home? Do you value becoming part of an active community of neighbors to interact with everyday? While these may seem like small things compared to other significant considerations, this adds to your overall quality of living in your home. Living closeby to places you would often frequent can be the most convenient.
You may have the ideal home in the best neighborhood, but is it something that aligns with your transportation options? Whether you are driving your car or relying on public transport vehicles, the commute can take a big chunk of your day, depending on the traffic.
Nobody likes to sit and wait in long hours of traffic, so this is a big thing to consider. A neighborhood that offers other alternative transportation such as riding a bike or walking to the village store can spell a huge difference to those little errands you need to do. A home that can decrease the travel time that you would normally take is the ideal one. In this way, you can save more time for yourself and for your family.
The cost of living is closely related to the location as different areas have a variety of general expenses. Living in a condominium means having monthly association dues that come with being a resident of the building. The same is true for exclusive subdivisions with clubhouses and several available common areas for you and your family. Similar to living in a condominium, homeowners in subdivisions are required to pay their homeowner’s association fees to maintain the community’s common areas.
Other costs to consider when moving into a new home are the gasoline prices and the expenses to get you to and from your home to your workplace or your children’s schools. Ask yourself if you need to pay highway tolls to and from your home. Living in the nearest supermarket, church, or gym may seem like small things but will increase in time to your costs, so this is something that should be kept in mind.
It is always an exciting milestone for OFWs to move into a new house. Being able to move your family into a new and better environment is always worth the wait! Discover the different neighborhoods you can belong in with Vistaland’s wide catalogue of developers to choose from. Contact us or visit us at www.facebook.com/vistalandinternationalofficial to learn more.
When the COVID-19 pandemic spread worldwide last year, people were quick to stock up on alcohol, face masks, and, surprisingly, tissue rolls. People were panic buying to the point that even hand soaps and multi-purpose cleaners sold out within a few days. As a result, grocery stores and pharmacies had to limit the number of products sold per person. Consumers should make smart decisions (and sort out priorities on home essential products) and consider other people’s needs during this trying time.
For OFWs and migrant Filipinos, keeping their family’s health and safety is one of their top priorities. Working abroad during a prevailing pandemic is undeniably difficult for OFWs. Because of the distance and different time-zones, they cannot physically check in with their family’s situation.
One of the biggest flex of being a Vista Land homeowner is the convenience and accessibility of your home to the nearest shopping mall. As most Vista Land communities are strategically located near shopping malls such as VistaMall or Starmall, families can go for a quick grocery run or a full-on shopping spree for home furniture.
VistaMall’s AllHome department offers appliances, decors, furniture, and sanitary products for your home. And with the prevailing pandemic, families of OFWs and migrant Filipinos can shop for their home essentials without having to worry about traffic and overcrowded places.
Running errands? Stay safe, sanitize, and practice social distancing!
We all have a role to play to ensure product safety. Follow these tips compiled down below to have an efficient grocery run.
Before leaving your house, go through your shelves and cabinets to see what products you need to restock.
Consider if you are going to buy a week or a month’s worth of groceries, this will help you figure out the number of products you should buy. Write down a list of all the things you need to buy and put them into two categories, groceries, and home essentials.
Then, divide the list according to their variety. Subcategories for your grocery list would be food, drinks, and personal hygiene. Whereas for home essentials, your list can be subcategorized as furniture, décor, light, gadgets, fixtures, and sanitary products.
Dividing your list into categories and subcategories may seem a little bit extreme for some people. Essentially, this tip can save you a lot of time since you know which grocery aisle to go to first and what item you should buy in that aisle.
Have trouble finding the right aisle or product? AllHome and AllDay have professional sales personnel that can help you find the product you are looking for – at a safe distance, of course.
This tip is useful for OFWs and migrant Filipinos living in major cities or countries where COVID-19 is still rampant and growing. Jot down your grocery list; try your best to stick to it and save time potentially exposed to the virus.
Cleaning and organizing are probably two essential things the pandemic made us do. When we learned that the virus is carried through water droplets in the air, every household started to disinfect every surface and de-clutter every room. Regularly cleaning your house reduces germs and bacteria build up that harms your family’s health. Keeping your house organized can lessen the chance of an accident happening inside your home.
Buying the necessary home essentials can lessen your unnecessary contact with other people when a home emergency arises. Your home essentials should include at least the following:
While a few of these items may seem excessive for OFWs, it is still best to at least have your cleaning materials, alcohol bottles, and first aid kit. These kits and material do not have to be an expensive set. As long as you have the primary tools to help you when an emergency arises, you can immediately patch things up.
AllHome and AllDay have everything you need to maintain a healthy home. From face masks to face shield, alcohol stands to sanitary foot baths, AllHome provides quality products that ensure cleanliness. The perks of a Vista Land homeowner is their free AllRewards Card they get when they invest in a house and lot under any brand from Vista Land.
Also related: 4 Filipino Home Care Essentials
Cashless payment is a convenient payment method that enables consumers to pay for their groceries using their credit/debit card.
On the other hand, a touchless payment option is a financial transaction without using your physical touch. Items are paid thru a QR code generated from a mobile wallet app such as AllEasy, GCash, and Paymaya.
Enjoy the convenience of paying for your bills and groceries by swiping your credit card or scanning your phone. These two transactions also help prevent the spread of any virus since paper bills circulate and have most likely been in contact with different people. OFWs and migrant Filipinos are already knowledgeable about these kinds of transactions since other countries usually transact with credit or debit cards or QR codes.
In all AllHome stores nationwide, you can opt to pay thru credit or debit card or QR code. Each cashier station has its QR code from AllEasy and GCash, making it accessible to any consumer with either mobile app.
Because of the pandemic, people had to close their business to prevent the spread of the virus. Business owners have quickly adapted and turned to online platforms to keep their businesses running.
Online grocery shopping is probably the most convenient way to do your groceries. You can save time by simply scrolling through a website or an app that provides online shopping services. An hour walking through grocery aisles and waiting in line to pay at the cashier is only a few minutes looking through an online shopping website. Have your groceries delivered to your doorstep but follow social distancing protocols and disinfect your items before and after unpacking. Want to save on the delivery fee? You can choose a curbside pickup if the shop allows.
Several countries already have online grocery shops even before the pandemic. Online grocery stores put OFWs and migrant Filipinos in an advantageous position where they can safely order their groceries inside the comfort of their home.
In AllHome, you have both options to choose from. You can visit their website to avail vouchers or their Facebook page to know more about their services. Vista Land homeowners can enjoy their home essentials delivered to their doorstep – for free!
Shop at AllHome now and avail promos and discounts!
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 investment! Contact us today and follow our social media accounts: Facebook, YouTube, Twitter, Instagram, and LinkedIn.
Lots of articles and advertisements are flooding newspapers, radio stations, and TV programs, not to mention the millions of pay per click and internet marketing through websites and blogsites which you see every time you turn on your computer to open your emails or even on your smartphones or gadgets as you open certain applications. The most appealing question now is, how will you choose the right home and the right investment considering those advertisements contribute to the hesitations on how to pick the right choice? Well, you’ve come to the right place as we are going to give useful advice on buying Philippine property!
You might want to take note of the following before deciding to buy a real estate property.
Every Filipino, including OFWs and migrant workers, has a goal of owning a dream home for their family, but not everyone can afford it. Before taking a good rest from daydreaming about having one, check your current finances first. Most homebuyers purchase with the help of a home loan and a lucky few grabs the opportunity with an outright payment. If you have enough money to pay in cash, you can enjoy more savings and discounts. Real estate companies offer spot payment discounts between 10 to 15% of the net price. That is already a whopping Php100,000 for every million and a huge savings on their part.
Most Filipinos cannot afford to pay in cash because of several family needs. However, there is another approach to purchase a house with a loan. Homebuyers can consider loans from financing institutions such as the government’s Pag-Ibig fund or bank financing. You just need to cash out a certain percentage of the total price as equity or down payment which can be paid over a year or so.
Banks nowadays offer as low as a 6% interest rate for a fixed term if you can meet their credit requirements. They generally focus on prequalifying the borrowers’ capacity at a certain percentage of the credit ratio. Buyers need to provide sufficient proof of income, basic documents, and fill up general forms as a requirement. Most of the developers collect the down payment first before constructing the house and the bank simultaneously evaluates the loan application in preparation of releasing the loan in time to the house completion.
Property buyers should be prudent to know what type of property they are qualified to get in order to save time and energy for the right deal. By doing this, buyers can avoid frustrations on disapproval of loans when they try to avail eye-popping luxury developments which were built for those who can afford it. Some of the salespersons out there will not tell you beforehand that you are not qualified for such property. Though, another way of having an approved higher loan amount is paying higher equity or securing a co-borrower.
Sellers might aim for a bigger catch and will try to offer a bigger property, of course – for a bigger gain. If a buyer gets a premium property which is better but expensive, it gives more satisfaction to both client and seller.
More than a couple of decades ago, people would think you must be well-off if you live inside a village or a subdivision. Nowadays, you can hear terminologies such as executive village, exclusive subdivision, Italian concept homes, and Mediterranean-inspired houses. This unique concept makes the community stand out and evokes a grande feeling or sense of emotion that entices prospects. Competition in the real estate industry is very tight nowadays.
Real estate developers are currently offering multilevel dwellings and skyscraper condominiums. Every company in this industry is aiming for a larger chunk of the market share. Developers are now offering more promos, discounts, and lighter payment schemes to make home seekers pick their special campaigns.
But like any other advertisement, there are possibilities that such a product does not meet your needs. You need to contemplate on what real estate product or type of development you are going to consider.
There are two types of residential development in the Philippines the horizontal or house and lot development and vertical development or condominiums. Both types come with features and amenities offered at different prices to different market segments.
Horizontal or house and lots are mostly end-user development that ranges from socialized housing to luxury living projects. Affordable and middle-market segment house units generate more sales because most OFWs, migrant workers, senior-level professionals, and local executive employees can afford this kind of property. Rowhouse, single attached, single detached with 2–5 bedrooms are usually the top choices.
The house price depends on the lot cut, size of the house, number of levels, type of development, and project location. Filipinos are more familiar with these types of developments since Filipinos grow up in these types of properties. Major real estate companies put these products in a well-planned community with a concept and theme aside from usual amenities. Families can also enjoy the extra lot of their property for gardening or extension if the need arises.
On the other hand, condominiums or vertical projects are the type of dwelling units for busy people who cannot include traveling or driving on their daily schedules. This type of development should deliver the convenience of urban living where everything is just next to your doorstep such as the transportation hub, work offices, shopping malls, restaurants, and entertainment centers.
Buying the right condominium unit will provide you a valuable asset. But if it is the other way around, it will hurt you with liability. If you are not an end-user of the condominium, you better have it rented out as a source of additional income to make it self-liquidating. Just like in any other business, consider its rentability, resale price, and marketability. Nobody wants to buy a property or to put up a business that will cause financial damage. Most Filipinos think that condominiums are only for foreigners and professional investors since they have the available funds.
Why not try to become one of the investors who uses bank loans as leverage to pay less in cash but earns extra income with the right condominium investment?
Location. This is one of the most important factors to consider in buying a property and where appraisal plays a big role in the assessment. When you are abroad and you asked an OFW or a migrant Filipino what type of subdivision he or she is looking for, they will probably answer that they want a development near the metro. To understand them better, follow-up questions should be asked such as: is it near the airport? Is it near schools or hospitals? Or near your hometown?
Most developments are in the southern areas of Metro Manila. The business district of Cavite is 25 to 30 minutes from Makati. The industrial zone of San Pedro Laguna is 15 to 20 minutes to Alabang. In the east is Antipolo which is 30 minutes away from Araneta Center and Ortigas area. While in the north, Caloocan is just 45 minutes from Manila and 10 minutes to West avenue of Quezon City.
The time mentioned is calculated from the city area to the site of the development on a regular non-rush hour of the day. People from the National Capital Region and side-skirts of the metro consider those locations because prices of the properties are more affordable compared to the developments in the inner cities of the Central districts. This is also true in cities and municipalities in Visayas and Mindanao.
Living in progressive areas mentioned earlier have the advantage of breathing in fresh air and walking around a spacious development. Homeowners are away from busy streets and polluted surroundings. Although properties located south from the metro are more affordable, it has a greater appreciation rate. Buyers just have to decide which district they will be strolling in the future for work, send their kids to schools, and dine or shop with family. If you want to consider inner cities like Metro Manila, Iloilo, Cebu, CDO, and Davao, try to look for condominium development where prices are more affordable than houses and lots in that area.
If you are looking for developments near your hometown, real estate developers are building communities at key cities and municipalities in provinces nationwide. As they continue expanding their house and lot projects, they are making the countrysides well developed with master-planned communities and townships.
To add up the perks of homebuyers, real estate developers are continuously innovating on how they can offer the best development in the area as their competitive edge. The government requires amenities where open spaces should include roads, sidewalks, and parks for recreational areas. Aside from amenities, community features are additional services and facilities that the developer provides for their homeowners such as clubhouses, swimming pools, ball courts, perimeter fences around the subdivision, guardhouses,pocket gardens, botanical areas, and a view deck to mention a few.
These special features inside the community ensures security, creates a relaxing environment, and a place for social gatherings to encourage family members to stay during the summer or even on a weekend to enjoy their time inside their home.
Lots of small-time developers are now trying to enter the real estate industry and most of them think that developing a subdivision is not that hard. But try to look around and you will realize that there are developments which were announced to be better than what was delivered. You will see underdeveloped subdivisions that do not have concrete roads, guardhouses, street lights, or worse, titles were not transferred to the buyer’s name. Because of the nitty-gritty aspect of documentation, there is no perfect real estate company or real estate transaction. Nevertheless, a minimum standard should always be met.
Real estate development is not only about the sales materials or the looks of the design. It is about the ability of the company to build and the capacity to deliver. Look for a company that has a mastery of development and with a good track record. Look at their experience and number of projects, especially their financial stability and public trust. It takes hundred of millions of money to conduct land development, construct concrete roads, and even more money to power-up electric lines for the water facility and unit lines.
Developers also need well-trained administrative professionals who will process the home loans, documentation for house turnover, and title transfer. Every step needs an established department and budget. All external transactions require finances and every property unit to be built and roads to be paved comes with expenses.
More developers are now improving the image of their service providers or real estate agents since the latter sounds not so trusting nowadays. Property consultants, property advisors, property specialists, or sales assistants, are now being used to address these hardworking people. But technically speaking, they have the same function of providing sales services. They provide an agency to transact as a third party on your behalf to the real estate company of your choice and vice versa.
Buyers always have the liberty to do a profile check of an agent before proceeding with the transaction. You can verify them using their contact numbers and email address or visit their Facebook, Linkedin, Instagram, or other social media accounts. You can also get the information of their broker including the license number. By doing this, you can express your level of interest and seriousness in the transaction.
Check also their dependability on their availability. A dependable seller can provide service any time you need it even if beyond office hours. They should be capable of returning your call even through international lines, attend to emails immediately, or even attend to your chat messages during your free time. The availability of your agent matters especially if you are an OFW or immigrant Filipino abroad where worries are higher than your trust.
If your agent tells you that they are entitled to receive your payment on behalf of the company, do not fall for the bait. No real estate company entrusts any agent to receive money here and abroad to collect on the company’s behalf. There are companies with established direct marketing agents who are well-trained and capable of providing assistance.
As a final note, most people around think that there is always a right time in the future to start investing in properties which I also believe is true. You can save your money at the bank, earn a little interest, and when your money is enough, you can buy it at a spot-cash payment. On the other hand, the opportunity that you are losing is much bigger than the interest that you are avoiding from a home loan if you invest early. Consider the financing schemes nowadays, the affordability of the price, and the availability of the best unit in the location that is right for you.
Do not become somebody who will say someday that if only you got a property in Cavite when it was only five hundred per square meter or if you bought a house and lot in downtown Cebu when it was one million for a townhouse unit along the main road.
If you are ready with your finances and all the mentioned factors are present in your choices, invest in a property today. You are doing the right decision. Buy a property now. Rest assured that you will not regret this decision because real estate properties in the Philippines always appreciate and never depreciate.
Browse property options here www.vistalandinternational.com/properties and check if there is a project that fits your property investment option and get in touch with us.
By Zaldy Cabrera
OFWs may ask themselves how to grow their money as well as build wealth for their family’s security. This is where real estate comes into the picture. In a 2019 surveyn Dubai, 80% of Filipino OFWs said that they were considering buying a property in the Philippines within the next year. This information not only shows the importance of owning properties for OFWs, but it could also mean that many OFWs such as yourself see real estate as a good investment for your hard-earned cash.
There are many strategies available when it comes to making money through real estate. In this article, we will lay down some of the ways any OFW can invest in properties smartly, in the sense that it becomes not just as a means of passive income for you but a real asset for your family.
Having a place to call home for any OFW is an indicator that they have “finally made it”. Instead of having to deal with monthly rent and answering to a landlord, having your own home allows you to freely renovate and live the way you want to, where you can feel secure knowing that you have a place to come back and you can do whatever with it, as you please. For some people, security is something that cannot be tied to a monetary value, so owning a home with a legal title secured to one’s name will give them peace of mind.
Land is expected to increase in value, and this holds true even for those outside the metro especially as some companies have begun expanding beyond the capital. What this means for you is that when you buy real estate property without the intention of selling in the near future, you are getting passive income because of the value of appreciation.
This only implies that regardless of where you are right now, buying a property for you and your family, even if you are not yet set to return to the Philippines, is a reasonable notion. By the time you do get the chance to come home, your property would have likely appreciated in value from when you initially bought it. This is perfect for those hoping to build a personal retirement home for when they come back to the Philippines. The same way goes for OFWs who have long dreamed of having a vacation home outside of the metro. Regardless of the economic situation, buying a property now always assures that your investment will appreciate in the future. And once you decide to sell your real estate properties in the future, you will eventually reap the benefits of appreciation as you will most likely be selling the property at a higher value.
Closely related to the previous point, because a property appreciates, it becomes a valuable asset. This can grow in value over your lifetime and can be something you can leave behind to your children or grand-children. Having a home can serve as one of the best things you can give to them after all of the time you spent working hard overseas.
A steady way to earn passive income through real estate is through the concept of renting or leasing. Acquiring properties in strategic locations can make for great rental due to the people who are looking to reside near their work or school.
There are different ways to rent out your property, catered to different people. You can rent or lease out your unit bare or fully furnished with the latter being attractive for those who immediately need to move in. Renting or leasing out a fully furnished condominium unit or house likewise allows you to charge a higher monthly rent.
There are also different channels you can tap into – perfect for homeowners looking to earn extra income through their properties. Popular websites such as Airbnb, Booking.com, Agoda.com, and other online real estate property listing sites allow homeowners to freely advertise their properties for rent on their own terms. A typical occupancy contract can run for six months, but with the available online channels today, property owners can rent out their properties on shorter terms by charging slightly higher daily rates.
Overall, there are many ways to make the most out of your real estate property. If done right, the benefits of owning a home, whether it be your first, second, or even third property, outweigh the costs. Having a great real estate developer that you can trust and who can support your needs is crucial when it comes to purchasing a new piece of property. Contact a reputable real estate dealer such as Vista Land International. With their wide range of properties available in the market today, you’ll be sure to find the perfect home and investment for you and your family.
Buying a condo in the Philippines is a big milestone for anyone. Of course, OFWs hoping to spend their hard earned money on it are no exception. Once you have decided on buying a property, the next step is, on the kind of condominium unit you are looking for. Choosing the right property is the most crucial step. There are things to consider before buying a condo. Thankfully, we are here to help you make a more informed decision on your next condominium unit purchase.
Location is one of the key things to look out for when it comes to buying a condominium unit. This is because most condo unit buyers prefer a condominium building that is near strategic locations such as their school or workplace. Condominium buildings that are strategically located beside schools, workplaces, and hospitals tend to see a demand in buyers who are looking for a place near where they work, study or near where their other family or relatives reside. The tendency is the same for investors such as OFWs. OFW investors realize the demand for condominium units near highly developed areas as it makes these units easier to rent or lease out in the future.
Looking at a condominium’s location and its surrounding area is vital because being near areas of development or being in the center of all the “action” can be a vital aspect of asset appreciation for your property in the future.
Not all condominiums are built the same. Condominiums can be high-rise, mid-rise, or low-rise buildings, and they are sold at a pre-selling price or at a higher price that is ready-for-occupancy (RFO).
Pre-selling units are generally cheaper as they are sold before the building’s construction or completion. This is perfect for buyers and investors who are not in a hurry to move in,since they can take advantage of the longer payment terms and early bird discounts. On the other hand, ready-for-occupancy units for sale, are typically sold at higher rates and sometimes require buyers to pay in full.
Developers set a higher price because buying a ready-for-occupancy unit lessens the risk for the buyer as the unit is already built and ready for viewing. A ready-for-occupancy unit allows the buyer to physically see the unit for sale without the risk of purchasing a property for which the real estate developer may eventually not push through with. This is why when it comes to purchasing a condominium unit, always choose to purchase from a real estate developer that has a good track record. Big marketing arm such as Vista Land International have a good reputation especially with OFW investors looking to purchase their next home.
Matching the condominium unit size to your family’s lifestyle and your personal needs is important. There are a variety of unit types such as a studio, one-bedroom, two-bedroom, three-bedroom, and loft-type units, to name a few.
Young professionals and single men or women typically prefer a studio type of condominium unit, while couples starting out would favor a one-bedroom type of unit. On the other hand, families with young children would consider a slightly bigger space such as a two or three-bedroom unit which allows them to give their children individual rooms.
Condominium fees are one aspect of living in a condominium that many buyers do not know about. Owning your condominium unit entails added costs on top of your monthly amortization. Such condominium fees mandatory to all unit owners include association dues, membership fees, parking fees, and the like. Before purchasing a condominium unit, make sure to ask your real estate developer the details about the additional fees that you would need to pay on a monthly or annual basis.
Such fees charged by the condominium association are co-related to the location of the condominium, the available amenities, and in some instances the amount of repair needed on common areas such as the elevator or the lobby. The monthly association dues are necessarily charged to unit owners to ensure that the building is well-maintained and working smoothly for all.
The condominium market is very much saturated with so many real estate developers, big or small. Sometimes, multiple real estate developers have several developments in the same location. This adds another layer of decision-making that goes beyond just the location. One deal breaker that you should consider is the real estate developer of the building and its reputation in the market. Make sure to take the time to read some reviews, testimonials and feedback online to get an idea on other peoples’ experiences dealing with different real estate companies and agents.
With years of experience in building different kinds of homes under their belt, Vistaland International has the experience and the good reputation as a property developer of condominiums, communities and commercial areas. Vistaland International is a trusted real estate developer that believes in giving every OFW a chance to make their dream home a reality. Discover the many properties of Vistaland International that are suited for any OFW family’s needs. View our website catalogue here.
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