Saturday, May 9, 2015

Common Types of Homes in the Philippines

A home is one of the most important things that any person can have. It is the shelter that protects us from the sun, rain, and other elements. It is the refuge that allows us to rest, relax, and unwind. More than the comfort and safety that a property provides, it is also the place that brings family and friends together.

To help you choose the right kind of property for your personality, lifestyle, and budget, here are the 4 types of homes commonly found in our country.

Bungalow

A bungalow is a single-storey home – this means that the living area, dining area, kitchen, bedroom, bathroom are all on the same floor.
This type of house is popular among young couples, small families, or those living with lolo, lola, or other relatives that may find it difficult to take the stairs.

Multi-Storey House


A multi-storey house is a structure with two or more floors. The shared spaces like the living area, dining area, kitchen, and powder room are often found on the ground floor. The bedrooms, bathrooms, and other private spaces could be on another floor.

This kind of property is usually recommended for families with five members or more. It is a good option for those that want or need more space.

Townhouses


While the bungalow and multi-storey house are both single buildings, a townhouse (sometimes referred to as an apartment) is a part of a row of other townhouses. It can sometimes share a common roof, wall, parking area, and other outdoor spaces with other townhouses.

The townhouse can be considered by the families that want or need more space but do not have plans on investing in a regular multi-storey home yet.

Condominiums


A condo unit is a home within a mid-rise or high-rise residential building. This type of home is usually found in big cities where more people live but houses and lots are more expensive and hard to come by.

In more densely-populated areas like major business districts, a condo unit is a more affordable alternative to a bungalow, multi-storey house, or townhouse. 




Friday, May 8, 2015

AFFORDABLE HOUSE AND LOT SA STA. MARIA BULACAN

AFFORDABLE HOUSE AND LOT SA STA. MARIA BULACAN
ONLY 5K/MONTH
LAS PALMAS SUBDIVISION
DEVELOPER: SOLAR RESOURCES INC.
House Model: Complete
Price: P844,000
Lot Area: 42sqm
Floor Area: 48sqm
Reservation Fee: P5,000
Downpayment: P54,000
Loanable Amount: Php785,000
Monthly Amortization Pagibig: Php5,215/Month
Contact:
Sun (Viber) +63.922.879.7968
TM +63.935.317.2057
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LAS PALMAS
An affordable yet quality housing for the modern Filipino family. Las Palmas inspired its name to a Palm Tree, also adopting its positive qualities. – Tree spirited, graceful and ever growing.
Discover the start of the good life at a flood-free community!
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ABOUT THE DEVELOPER
The pledge “Your Home, Our Commitment” sums up Solar Resources Inc.’s (SRI) ideals and practices that are deeply rooted on a unified corporate mission and vision. Solar, established in 1987, has been providing value-for-money residential subdivisions in emerging municipalities and cities conveniently close to Metro Manila.
The business expanded and diversified to include medium rise condominiums such as Madison Manors in Las PiƱas City and leisure residential resort in Batangas. To date, Solar has developed over 10,000 units both in Bulacan and Cavite Provinces.
The main office of Solar Resources, Inc. in Makati City holds its 180 employees in various operating departments namely, Marketing, Engineering and Planning and Survey Department, Accounts Management, Credit Management, Accounting and Finance, Land Management and Acquisition, Human Resources Administration and Topline Utilities, Inc.
AFFORDABLE HOUSE AND LOT SA STA. MARIA BULACAN
ONLY 5K/MONTH
LAS PALMAS SUBDIVISION
DEVELOPER: SOLAR RESOURCES INC.
House Model: Complete
Price: P844,000
Lot Area: 42sqm
Floor Area: 48sqm
Reservation Fee: P5,000
Downpayment: P54,000
Loanable Amount: Php785,000
Monthly Amortization Pagibig: Php5,215/Month
Contact:
Sun (Viber) +63.922.879.7968
TM +63.935.317.2057

Tuesday, April 21, 2015

How to Avail Housing Loan thru Pag-ibig

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How to Avail Housing Loan thru Pag-ibig

More often than not, most of the members of Pag-ibig are not that so aware about the Housing loan privilege that they have a member.  Fund Member most of the time is not clear on how to proceed with their housing loan.
There are some other financing options such as bank financing or in-house financing available to you as a buyer but you need to weigh in which means can you save the most.  For the benefit of comparison, Pagibig offers longer loan terms up to 30 years as compared to bank of 20 years and as such it will give you lesser monthly amortization.  Although bank can be beneficial for shorter terms as it will give a lower rates in the short terms.
Here’s the data that I got comparing Pag-ibig rates to bank rates based on fixed repricing:
pag-ibig-end-user-home-financing-program-interest-rates-circular-310
Repricing periodPag-ibig Interest ratesBank Rates
3 years7.985%7.5%
5 years8.985%8.5%
10 years10%10%
15 years10.75%11%
30 years12.25%none

As we focus our discussion here in Pagibig housing loan process, here are the procedures that you should undertake if you will apply individually for a housing loan.

 Please note that if the Developer is accredited with Pagibig, they are the one who will process it for you, you just need to provide the requirements and just follow some procedures still necessary for you to comply with Pagibig housing loan.

PAG-IBIG Housing Loan Process:

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  1. Loan Counselling.
This is the Loan orientation usually conducted at any PAG-IBIG offices.
  1. Fill Up The Following Forms.
  • Preliminary Counselling Questionnaire
  • Membership Status Verification Slip (MSVS)
  • Housing Loan Application (HLA)
These forms will help the PAG-IBIG officers qualify your eligibility for a loan. If you are qualified, you will be given a COR or a Checklist of Requirements.
  1. Complete Housing Loan Application (HLA) And Submit Requirements.
Pag-Ibig-Housing-Loan-Requirements
Submit your completed HLA and other required documents, and pay a processing fee of P1,000. (The processing fee is non-refundable, whether your loan gets approved or denied)
  1. Wait for The Notice of Loan Approval or Letter of Guaranty.
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Once your loan is approved, you will be asked to sign the loan documents at the PAG-IBIG office.
  1. Proceed to the Bureau of Internal Revenue, Registry of Deeds, City Engineering Office, and Assessor’s Office.
Present the Deed of Sale to BIR and submit other necessary documents:
  • Tax Declaration
  • Tax Receipt
  • Documentary Tax Stamps and Capital Gains
  • Certificate Authorizing Registration (CAR)
  • Put an annotation of the Land Title Mortgage on the Registry of Deeds, pay transfer tax and registration fees for the transfer of title.
  • Secure an occupancy permit from the city’s Engineering Office.
  • Secure a tax declaration at the Assessor’s Office for use as a basis for your real property taxes.
  1. Go back to PAG-IBIG office and present the following documents cited below.
  • Original Transfer Certificate of Title (TCT) in the name of the housing loan applicant with mortgage annotation on it.
  • Deed of Absolute Sale (DOAS) with original stamp from the Registry of Deeds
  • New Tax Declaration
  • Updated Real Estate Tax Receipt
  • Occupancy Permit from the Engineering office where the property you’re purchasing is located.
  • Assignment of Loan Proceeds
  1. Receive Loan Proceeds from PAG-IBIG so you can pay the seller of the property.
There you have it. These are the steps you need to follow to apply for a housing loan in PAG-IBIG. These steps will come in handy if the developer you’re buying your property from does not offer PAG-IBIG terms to finance the loan and you have to file for the loan individually.


You might want to check:

What do you need to consider in buying my own property?

What do you need to consider in buying my own property?
 


 
With the growing population of the Philippines, more and more housing needs arise to accommodate the demands of people wanting to have their own property.
You can see various housing and condominium projects being built throughout Metro Manila, nearby provinces and to other Urban areas of the Country.
With these many projects, how would someone interested in buying its own house or condo choose what properties he/she needs to purchase?  What are the things that need to be considered before buying your own property? As this is a long term and a serious investment, you need to have due diligence in checking the property you will buy.  In this regards, a respected and credible Licensed Real Estate Broker can help you get the property you have dreamed of.
Here are the few lists of things that I think you might need to consider before investing your own property.
  1. Consider your Housing Needs


Before you plan to purchase your property (house or condo), you need to consider if there is already a need on your part to buy such property.  You need to consider whether it is more economical to buy or rent a house temporarily.
  1. Consider your Capacity to Buy
Another consideration that you need is your current financial status.  In buying a property, most of the time, there is a reservation fee and downpayment required.  While most developers provide an installment payment for the downpayment, you need to prepare yourself for its regular monthly payments.  You also need to determine whether your Current income fits to the loanable value of the property.  This is very important factor as this will determine whether you will be approved or not in Loan Financing
  1. Consider the Location
Everyone wanted to be in a great location, in a pleasant housing environment and in a safe and secured community.  But most of the time location entails higher price of the property.  So for some, they consider location, although quite far, just to have their own house and lot.  That’s why there are a lot of projects in the provinces near Metro Manila like Cavite, Rizal, Laguna and Bulacan for better and affordable housing projects
  1. Consider the Developer Of the Project
It is very important to know the credibility and track record of the developer.  This is to avoid problems like not delivering the project on time or maybe the substandard physical appearance of the property you have purchased.  With these, your trusted Real Estate Broker can help you choose a project to a credible Developer.
  1. Consider the Payment/Financing Options
You can avail various financing options based on your preference.  Options available to the deliver can be In-House Financing, Bank Financing or Pag-Ibig Financing.  I will discuss in details the type of Financing in my succeeding Blogs.
 
 
If you are looking for properties to buy either condo or house and lot, you can contact me at 0922.879.7968/0935.317.2057.  You can be sure that I will assist you in acquiring the best property that fits your need.
 
Please like us on Facebook https://www.facebook.com/ownmyproperty

You might want to check:
 
 

Monday, April 20, 2015

Guide in Purchasing your Property

GUIDE IN PURCHASING YOUR OWN PROPERTY



1. Study and Analyze
Gather the facts, ask yourself what you want to buy & why you want to buy, it should fit your purpose for it. Start the process by analyzing your needs; list down the most important factors that you consider are essential in buying a home. Narrow down the many properties in the market.  Is it for a large family or just for you?   Take advantage of all of the information that is available on this website.
2. Select & Choose
You should know what factors to consider when choosing your home.  Are you interested in Condominiums, Residential lots, house and lot or Townhomes?  Consider location when you choose.  Think of the kind of neighborhood that will suit your needs.  Think of the amenities, accessibilities to transportation, schools, medical facilities, shopping malls and market.  There are lots to choose.  Find the perfect home for you. Choose.
3. Review the details
Study financial options available and understand the legal and documentary requirements.  Find different payment options that suit your finances.  With a range of properties and payment options available, almost everybody can own a property. Gather all your documents. Visit your bank and check if you can comply with the requirements.
4. Contact Us
Don’t take chances of doing the transaction on your own.  Real estate is never bought and sold on your own even you handle the majority of transaction yourself.  You still need interaction with others due to Legal and financial considerations.  We are ready and able to assist you, call us or send us email.
5. Purchase Now
Ready to buy? The following will show you how you can close the deal and become a new homeowner.
  • We will present to you the sample computation of the property
  • Confirm the chosen unit
  • Check the availability
  • Fill in the Reservation Form
  • Pay the Reservation Fee
  • Submit the required documents
 6. After Sales Services
Every once in a while, we keep in touch and sends you updates like construction details. As much as possible, we like to meet your expectations and even exceed them.
Our responsibility is up to the turn-over of your home and even after the turn-over should you need our services on real estate investment we are available at your service.


You might want to check:
Affordable Condo Pasig
Affordable Condo Sucat
Affordable Condo Alabang
Affordable Condo Quezon City
Condo near UST
Affordable House and Lot Batangas City
House and Lot Imus Cavite

Saturday, April 18, 2015

3 Bedroom 76sqm Condo at Asia Enclaves Alabang

ASIA ENCLAVES ALABANG CONDO 3 BEDROOM 76 SQM
AFFORDABLE CONDO IN ALABANG MUNTINLUPA
PROJECT OF PHINMA PROPERTIES - THE 1ST TRIPLE ISO DEVELOPER IN THE PHILIPPINES
AVAILABLE THRU BANK FINANCING, PAGIBIG OR IN-HOUSE FINANCING
The New Kind of Luxury Living. PHINMA PROPERTIES infuses the rich cultures of Japan, Thailand, Indonesia and the Philippines to create a distinctly cosmopolitan atmosphere within three low-density, individually gated residential enclaves,known as ASiA ENCLAVES ALABANG in Muntinlupa City.
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A premiere project of PHINMA PROPERTIES, ASiA Enclaves is perfect for starting families, young professionals, retirees and overseas Filipino workers who desire a home that offers the best value-for-money at a luxury they can afford. ASiA Enclaves is the answer for those who yearn for a combination of seclusion, serenity and easy access to the metropolis.
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Accessible from Makati via the Skyway or South Luzon Expressway Sucat exit (known as Dr. A. Santos Avenue exit) ASiA Enclaves is located right beside Hillsborough Village, along West Service Road. It is only a few minutes away from famous high-end Alabang retail and entertainment destinations, as well as international schools, colleges, and leisure destinations only found south of the Metro.
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76 sqm sample computation
Contact Us profile
Asia Enclaves Alabang Condo
Affordable Condo in Alabang Muntinlupa
Affordable Condo Alabang

2 Bedroom 58 sqm Condo at Asia Enclaves Alabang

ASIA ENCLAVES ALABANG CONDO 2 BEDROOM 58 SQM
AFFORDABLE CONDO ALABANG MUNTINLUPA
PROJECT OF PHINMA PROPERTIES - THE 1ST TRIPLE ISO DEVELOPER IN THE PHILIPPINES
AVAILABLE THRU BANK FINANCING, PAGIBIG OR IN-HOUSE FINANCING
The New Kind of Luxury Living. PHINMA PROPERTIES infuses the rich cultures of Japan, Thailand, Indonesia and the Philippines to create a distinctly cosmopolitan atmosphere within three low-density, individually gated residential enclaves,known as ASiA ENCLAVES ALABANG in Muntinlupa City.

Picture1
A premiere project of PHINMA PROPERTIES, ASiA Enclaves is perfect for starting families, young professionals, retirees and overseas Filipino workers who desire a home that offers the best value-for-money at a luxury they can afford. ASiA Enclaves is the answer for those who yearn for a combination of seclusion, serenity and easy access to the metropolis.
Picture3
Accessible from Makati via the Skyway or South Luzon Expressway Sucat exit (known as Dr. A. Santos Avenue exit) ASiA Enclaves is located right beside Hillsborough Village, along West Service Road. It is only a few minutes away from famous high-end Alabang retail and entertainment destinations, as well as international schools, colleges, and leisure destinations only found south of the Metro.
Picture5
Picture6
Picture14
 
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58 SQM sample computation
Contact Us profile
 Asia Enclaves Alabang
Affordable Condo Alabang Muntinlupa
Affordable Condo in Alabang