Monday, November 16, 2009

Advantages To Buying A Condominium

There are a lot of reasons why condominiums are very popular among many people, such as in the Philippines. Because of this, several new condominiums have been erected to answer the demand for more condo units. So what are the advantages and benefits that these people are looking for when it comes to condominiums.

Looking for some condo for sale Philippines? Well let me first ask you, why would you rather buy a condo unit than a house? Condominiums have "outlived" houses according to many people that chose to buy a condo unit rather than a house mainly because of several advantages that they could benefit from condominiums. One apparent benefit is its cost.

Cost Advantages of Condominiums
Many condo for sale Philippines today can be easily afforded by many Filipinos. Compared to buying a whole house, condominiums could only cost half as much as houses does, making it easier for single Filipinos to start with their lives away from their parents. Though most of today's condominiums are a bit pricey, there are condominiums that offer rentals, especially when a tenant would rent out his/her own unit to others.

Accessibility Advantage of Condominiums
Another popular reason why people would rather buy or rent a condo unit than houses is its accessibility. Popular locations of condominiums are those near business districts, offering accessibility to work, giving their tenants the luxury of avoiding rush hour. Another popular location is in the outskirts of towns, most probably near provincial areas. This type of condominiums offer their tenants a way to relax away from the city while savoring the beauty of nature through their windows.

Maintainability and Security Advantage of Condominiums
Although local city officials ensure the safety of every house in their area, condominiums are still known as one of the safest places to live in. One reason is that their security could be as tight as a bank. Condominiums would usually have security personnel to check every places around the community or the building to ensure their tenant's safety. Maintenance is another popular feature of condominiums. Every condominiums has their own maintenance personnel to ensure the livability of the whole condominium by maintaining every nook-and-cranny of the whole condo from the hallways, stairs, and elevators, to garages and storehouses.

Access to Recreational Activity Advantages
One popular advantage of owning a condo unit is its accessibility and privileges to use every facilities available in the condominium such as a swimming pool, gym, spas, and recreational park. This is one of the reasons why many would look for condo for sale Philippines rather than a house.

A Look At Townhouses

Aside from condominiums and apartments, townhouses has also been one of the many popular terms used by people to describe a row of houses or exclusive community or complex. So what is a townhouse? And what are its types around Asia and in other countries?

Townhouses is one of the many entities pertaining to houses which can be closely related to condominiums and apartments. So what is a townhouse? Historically in the United Kingdom, Ireland and in many other countries, a townhouse (or a "house in town") was a residence of a peer or member of the aristocracy in the capital or major city. However, the term is now used to define a row of houses typically found in an exclusive community or complexes.

Types of townhouses around the world are different between country to country, Britain and Ireland being the first ones to establish this type of housing, which is commonly known today as terraced housing. In Asia, Australia and South Africa, however, townhouses are generally found in complexes. According to Philippines property specialists, these complexes would usually have high security, resort facilities such as swimming pools, gyms, parks and playground equipment.

Typically, a townhouse has a Strata Title, i.e. a type of title where the common property (landscaped area, public corridors, building structure etc.) is owned by a corporation of individual owners and the houses on the property are owned by the individual owners. Most countries in Asia, such as in Hong Kong, townhouses in private housing developments remain almost exclusively populated by the very wealthy due to the rarity and relatively large sizes of the units.

According to Philippines property specialists, Hong Kong townhouses could go as high as HK$285 million (USD$37 million), a price recorded in 2008. In the Philippines, townhouses have also been a very popular venue for many Filipinos, however, the difference is that townhouses in the Philippines can also be called as a condominium. This type of townhouse was mainly influences by Western-style townhouses which are known as condominium townhouses.

In condominium townhouses, the purchaser owns only the interior, while the building itself is owned by a condominium corporation. According to Philippines property specialists, the corporation is jointly owned by all the owners, and charges them fees for general maintenance and major repairs. Commonly in the suburbs of major cities an old house on a large block of land is demolished and replaced by a short row of townhouses, built 'end on' to the street for added privacy.

Real Estate And Housing Tenure

Like most buildings, a house is also considered as a real estate, which is usually known as a residential real estate. However, the rights to occupy a dwelling is usually under the term called housing tenure.

The term real estate is usually used to describe a land along with its improvements such as buildings, fences, wells and other site improvements that are fixed in location, or in layman's term, immovable. The term is also considered as a body of laws, regulations, and legal codes that pertains to a particular jurisdiction that includes elements like commercial and residential real property transactions. Like most buildings, a house is also considered as a real estate, which is usually known as a residential real estate. However, the rights to occupy a dwelling is usually under the term called housing tenure.

What is Housing Tenure?
According to Real estate Philippines specialists, housing tenure usually refers to the financial arrangements in which a person would have rights to live in a house or apartment. The most frequent form of resident is tenancy and owner occupancy form is owner occupancy. So what are the difference between these two types of residence?

Owner Occupancy
Owner occupancy usually defines a person, which is called an owner-occupier, who lives in a house that he or she owns. Owner-occupancy is therefore also called home ownership. The home of the owner-occupier can range from condominums, apartments, to housing cooperatives. Home ownership gives occupants the right to modify the building and land as they please, protects them from eviction, and creates a right to occupation which can be inherited. In some jurisdictions, it also confers certain legal rights with regard to abutters.

According to Real estate Philippines professionals, tenancy would usually refer to an ownership interest in land in which a lessee or a tenant holds real property by some form of title from a lessor or landlord. Leasehold is a form of property tenure where one party buys the right to occupy land or a building for a given length of time. As lease is a legal estate, leasehold estate can be bought and sold on the open market. Until the end of the lease period the leaseholder has the right to remain in occupation as an assured tenant paying an agreed rent to the owner.

Other types of Housing Tenure
Other than the owner occupancy and tenancy, according to Real estate Philippines professionals, housing tenure may also involve:

  • Cooperative - Ownership of the entire building or complex is held in common by a homeowners' association.
  • Condominium - Ownership of an apartment or house is assigned to an individual, but common areas such as hallways, heating system, elevators, and exterior areas are controlled by the homeowners' association. Fees are usually charged to tenants.
  • Public Housing - Government-owned housing, whether provided for free or leased at a subsidised rate.
  • Squatting - Occupation by non-owner without permission by the owner, if any.

Why People Would Buy A Condo Than A House

There are many reasons as to why people would rather choose to buy a condominium unit compared to buying a whole house. Some of its most notable benefits are accessibility as well as affordability compared to houses. However, there are also several disadvantages to its ownership.

Condominiums have become very popular among many Filipinos today compared to owning a whole house. This is because of several advantages that condominiums are known such as with its accessibility to both work and luxury, such as the many makati condo found in the city, as well as with its affordable cost. Other than these, what are the reasons why people would rather buy or rent a condo unit compared to buying a house?

Reasons why Condominiums are very Popular
One apparent reason for condominiums are its accessibility. By owning a condominium in the heart of a business district, such as buying or renting one of the many makati condo found in the city, one could have the advantage of avoiding a very stressful rush hour. Aside from condominiums found in the big cities, condominiums are also found in the outskirts of a city, such as in provincial locations. These kinds of condominiums are the type of places that offer relaxation to people wanted to go away from the busy streets of the big city.

Condominiums are also known for their cheaper price compared to buying a house. Renting one can also be as cheap. Aside from its accessibility and affordability, condominiums are also known for other benefits such as its maintainability and security. The reason for its maintainability is that every condominiums has their own maintenance personnel that assures the livability of their units as well as other important features of the condominiums such as its fire escapes, garage, and its hallways. Security isn't also a problem in most condominiums.

Another popular feature of owning a condominium is access to several of its benefits, such as exclusive rights to use their swimming pools, gyms, recreational areas, and other popular additions to condominiums. Most makati condo found in the city provide such rights to their tenants.

However, though condominiums are very beneficial especially for the busiest of people, there are still several disadvantages to buying one compared to owning a house. One particular disadvantage of owing a condominium is the restrictions.

The main disadvantage of owning a condo unit is the rules and regulations. Though most of it are simple rules such as no pets allowed as well as plants, some rules and regulations can be too restrictive for others. Restrictions may include the an approval before doing several modifications to their units such as adding a divider. Other restrictions may include the number of tenants required in one unit, the age limit, as well as restrictions with children.

Tuesday, November 3, 2009

Reasons for Living in the Philippines

One can find many reasons in deciding to live in the Philippines.

Homes in the Philippines has an economic and cultural value. It has become a source of economic prestige and a symbol of economic prosperity. On the cultural side, a house is always regarded as a home where the family stays together and serves as a refuge both in easy and hard times. That could explain why Filipinos show a high demand for residential homes.

The Philippine real estate is not only focusing its trajectory locally but it continues to move globally and already known abroad. Foreigners and Overseas Filipino Workers (OFWs) are purchasing their own homes in the Philippines. There are myriad reasons why building a home in the Philippines remains an attractive choice for many.

The Philippines is an archipelagic and tropical country. Its beauty continues to draw diverse people from different countries. This unparalleled beauty is one of the reasons why some build homes in the Philippines. It also provides a variety of locations where one can build his dream house like a home near the beach, in the metro, or in suburbans.

Aside from that, it is also safe to start a business as the economy continues to grow. The Philippines economy caters to local, regional and international businesses.

Many retirees decide to live here because the cost of living is cheaper. They have an easy access to amenities they cannot afford in their respective countries. Thus, they feel more secure financially.

Foreigners can also easily adjust because Filipino people are known all over the world because of their hospitality. The people are friendly and welcoming. Because of this, foreigners are easily integrated in the community. Isn’t it very ideal to live in the Philippines?

Home buying in the Philippines is now very easy with the advent of the Internet. However, be wary with the different offers. Make a point to deal only with the most trusted real estate company in the country to avoid falling into traps and scams.

The Ayala Land, Inc. has been offering, condominiums, residential homes, lots, and leisure club houses in different locations in the Philippines. One can visit its website to choose the house you want.

Why Acquire Philippines Properties?

Even though the world economy is experiencing a crisis, there has been a surge of foreign buyers of Philippines properties because of the benefits they can get.

Philippine real estate is enjoying an attention in the world economy. Philippine properties like townhouse, condominiums, lots, leisure club houses and residential homes are worth investing for.

Philippines property is offered both to Filipinos and foreigners. Many foreigners in fact opt to live in the country, purchased their homes and established their own businesses.

Compared to other countries, Philippine economy is still good. The value of Philippines property continues to appreciate amidst the global economic crisis that has greatly affected the global economy.

One thing that the global economic crisis has brought to the Philippine real estate industry is that foreigners have been buying properties here because they are cheaper compared to the prices of properties in their home countries. This means that even though local demands for Philippines properties decreased, the Philippine real estate industry is still vibrant and able to circumvent the effects of the crisis.

According to a report, property investors in Australia and United Kingdom are the top buyers of Philippines properties. Australian firms have been setting up their businesses here while investors from United Kingdom buy second homes, condominiums, and condotels which they use as vacation houses and rent it out when they are not in the Philippines.

Business opportunities also await those who want to invest in Philippine property because the country is offers a global-friendly environment to international and regional trade businesses with good transportation and communication network.

The country also accommodates foreign companies who want to carve its niche in East and South East Asia and to take advantage of its rich resource of professional and labor force. Business Process Outsourcing Companies has been taking advantage of cheaper price of properties, abundant workforce and cheap wages.

Why is it that many foreigners are living here and investing for Philippines properties? This is because it is good for expatriate living. What more can they ask more when they have a wide array of access to affordable goods and services? There are numerous shopping malls, beach resorts, housing, schools, hospitals and entertainments to choose from.

Another reason is that Filipinos is known for being open to different cultures and speak English, making it easier for foreigners to adapt in this tropical country.

Philippine Houses as an Investment and your Home

Filipinos and foreigners can choose from different types of Philippines homes and suited to their lifestyles, needs, and budgets from Ayala Land, Inc.

The Philippines has a lot to offer to its citizens and foreigners alike. It is famous around the world as a tourist destination because of its natural and man-made tourist spots all over the archipelago that continue to draw visitors all year round.

The country has been a host for various nationalities. Many chose to stay here and already built or purchased their own Philippines homes. When one could not get over with what they experienced in the Philippines, isn’t it fitting to decide to live in this beautiful country?

It is not only foreigners that show demand for Philippine homes. Overseas Filipino Workers are also buying houses to be their home sweet home whenever they go home for a vacation.

Filipinos show on the other hand show strong demand for residential properties because they put a high value in owning properties like a house. It is a dream of every Filipino to be able to build their dream homes.

In comparison to other countries, real estate in the Philippines is booming since 2004. It has shown resilience in the global financial crisis. From high demands of residential Philippine homes, condominiums, and buildings of the Business Process Outsourcing Industry (BPOs), now the country is attracting retirees from other countries to spend the rest of their lives here. It is safe to invest in properties here considering that prices manage to appreciate.

It is always best to purchase a property like houses from the most trusted company. Ayala Land, Inc. is a residential and commercial developer in the Philippines. It is by far the largest real estate company offering high quality residential and even energy efficient Philippines homes.

It has been attracting foreigners and Overseas Filipino Workers to purchase a home in the Philippines. Just recently, it has embarked into the low-cost housing to make the home buying an affordable experience especially now that it seems that everybody is tightening their belts because of the global financial crisis.

Ayala Land, Inc. developed residential communities according to a person’s lifestyles and needs and committed to building communities that will thrive through time.

One can either choose to live in residential communities developed by Ayala Land Premier for exclusive and distinctive living experience, Alveo Land which developed vibrant and cosmopolitan community or Amaia Land which developed safe and well-located communities.

Do your Business Only With the Best Philippine Real Estate Company

Real estate in Philippines can boast one of the best offers in Asia. Ayala Land, Inc. is the largest and best real estate company in the country.

There is a plethora of real estate development companies in the Philippines today. Choosing the perfect place for your abode can be quite tricky because of the variety of home styles to choose from.

Real estate in Philippines surely has come a long way from its humble beginnings. It has been accommodating the needs and wants of the Filipinos here and abroad and foreigners who chose to reside in a tropical country.

Foreigners find it attractive to invest in real estate in the Philippines because prices did not depreciate with the global financial crisis compared to what happened in US real estate. Relatively, it is safe to invest your hard earned money to properties in this country.

There is already a wide array of selection of residential, commercial, industrial and rural properties for sale in the Philippines. One can also find villas, houses, apartments, flats, and hotels for lease. But isn’t it better if you only narrow your choices down to the one of the best and multi-awarded company of real estate in the Philippines?

Ayala Land, Inc. is one of the leading companies and pioneers of Real estate in Philippines. It has already carved its own niche in the international realm of business arena.

Their distinct contribution has been recognized. Ayala Land, Inc. is a recipient of numerous awards such as the Best Property Developer in the Philippines 2006, Top 5 best-governed companies in the Philippines and Best in Property Management in the Philippines 2006 to name a few. They also earned an award from ASEAN Energy Awards for making energy-efficient homes.

Those awards are testament to their commitment in enhancing the lives of Filipinos. They have been transforming people’s ideal homes into reality. Their residential designs combined functionality and style. Rest assured, every home and building they built was a product of good planning, high-quality materials, and superior technology, engineering and craftsmanship.

Ayala Land, Inc. boasts itself as the largest real estate company in the Philippines. You can surely find the property or home you want according to your lifestyle and budget. Their prices range from 500,000 to more than 30 million.

Condo Living in Makati

City living encouraged the rise of condominiums as more and more people is always on the go. Living in a Makati condo means you have easy access to work, schools, shopping malls, and word class hotels.

High rise condominiums had become permanent fixtures of metropolitan Philippines. They are commonly seen in busy districts of cities such in PEZA areas, BPOs, Central Business Districts, commercial areas and downtown. The largest concentrations of condos in the Philippines are in Makati, Manila, Pasig, Ortigas, Eastwood, Pasay and Fort Bonifacio.

A condominium is a building that is divided into dwelling units in which each unit is individually owned. This is a perfect choice for people who want to live in the heart of the city without the need to pay a lot for a small parcel of land and maintain their own homes.

Condominiums offer amenities that continue to lure people to live in them such as swimming pools, tennis courts and gyms. Enjoying these upscale leisure amenities do not necessarily mean that you need to own one of them. Rest assured these condos have a strict security system for the safety of its dwellers.

If you really want to live in a city, why don’t you opt for a Makati condo as your urban abode? Makati City has a lot to offer. It has been dubbed as the economic center of the Philippines and a home to big commercial and financial establishments.

Word class hotels, top schools, major shopping centers, banks, etc. are just around the corner. This is also perfect for people who are working in Makati and want to avoid the rush hour traffic or commuting everyday. Living in a Makati condo will surely make your life easier as you enjoy easy access to work and leisure.

The Ayala Land, Inc. has built several Makati condos. Depending on your budget, needs and lifestyles, you can choose from any of the following: Senta and The Columns Legazpi Village.

Do not be afraid to invest your hard earned money in a Makati condo. It is laden with benefits. It is a well-known place in the Philippines and outside the country as a symbol of corporate success. Many people will be envious of you just because you are living in this place.

Makati condos also hold their high value over time because of the demand of such condos and many are willing to rent even at a high price.