Month: July 2017

Flexibility of Condominiums in Providing what their Residents Needs

One of the most popular types of residential real estate in the philippines today are condominiums. Part of what made it popular, according to many Filipinos, is because of its flexibility in which these types of housings can easily offer their residents different advantages that will cater to their specific needs.

Flexibility of Condominiums One of the many advantages of living in a condominium is that residents are given the luxury of living within walking distance from their workplaces. This is because most of these types of housings are found mostly in business and commercial districts, such as in Makati City.

Because of its location, many of its residents found the right type of housing which they can take advantage of, which allows them to live close from their workplaces, making it easier to get to their jobs while avoiding the usual hassles of rush hour.

However, other its location, condominiums are also the only types of housings found in the middle of a busy district that can offer residents amenities such as an indoor swimming pool, gym, as well as a sports complex which aims to lessen the stresses that their residents are usually going through in their work or to provide a relaxing avenue for them to “hang-out”.

But other than the types of condominiums found in these locations, there are also other condominiums that are found far from these cities, which are mostly found around the outskirts of Metro Manila as well as in many popular provinces. These types of condominiums are known as condominium complexes.

A Condominium for the Family What made condominiums a popular type of residential real estate in the philippines is because of its flexibility that allowed Filipinos who requires the location they needed to easily access their workplaces, as well as a location where they can relax and enjoy living outside the busy streets of the city. This is where condominium complexes came into place.

The disadvantage of condominiums in the city is that its lack of facilities that can accommodate the needs of growing children, such as wide open spaces for running, playgrounds, and parks. This is the reason why condominium complexes were established in the Philippines, which aims to offer the kinds of environment that growing children requires in their growth.

The advantage of living in a condominium complex is its environment, which mostly involves peaceful surroundings, wide-open spaces, as well as facilities that offers a chance for children to play safely such as recreational parks and playgrounds.

The only disadvantage of these types of residential real estate in the philippines is that its location is usually too far from the city, which made it harder for its residents to get back to their workplaces.

Building a Home to Budget

Building a new home can be quite a glorious project, but you always have to remember your budget. There are a lot of cool things that you can do when you design a house, but just because you can think of it, it does not mean that you can afford to do everything you want.

Before you begin your project, you must determine how much you have, how much you will borrow and then sit down to create a budget. No budget is ever actually accurate but they can provide guidance and a great way to get a ball park figure. On average most people who stick very closely to their budget end up paying one third more than their proposed budget.

How to Get Started?

One of the first things you have to inquire about when building a home is how much it costs to actually construct the home. You should contact your local builders to find out how much it costs to build a home with the size, features and quality that you want. Most charges are given in square feet which will help you to calculate the total cost. Always ask about what is included in the price. You do not want a price that does not include materials as this will be a costly mistake in your budget.

After you speak with the local contractors, you should view homes that are similar to your dream home. Find homes that have the same features that you want, approximately the same size and style. You then find the price of both the land and the home. You should compare at least three to five homes for an accurate ball park estimate.

Your Home Features

Not every room in your home will cost the same amount to build. The costlier parts to build are normally the kitchen, bathroom, vaulted ceilings, high roofs, and even the specific types of windows. You should make sure these features are similar or included in the homes that you are evaluating for your budget. Ironically, larger homes have a smaller per square foot cost than a smaller home and two story homes cost less than a one story home. These larger details will make a huge difference in your budget that must be taken into consideration.

Smaller Features of Your Home

The smaller features of your home are normally forgotten about, but these smaller features add up. This means that you may be way off the price of your home if forgetting about these details. Some of the necessary details include the size of the home, the shape of the home, preparing the land to be built on and inflation of market costs. You should always include 10 percent for unexpected costs.

Building Your Own Home

It was not too many decades ago that it was common for people to build their own homes. Yet nowadays this has become a lost art as people turn to builders or buying existing houses. This is generally quite sensible, yet if you have the right property, the time and the inclination you can still build your own home. This is a wonderful way to make your living conditions fit your wildest dreams.

Building a home requires a requisite amount of skill and it is safe to say that not everyone can do it. Indeed, if you don’t have any experience in the building industry its best to leave this to the professionals. On the other hand, if you have friends and family members with this kind of background you can probably get by with their help, they can provide the expertise while you supply the labour.

You will also need to get someone to help you with the plans for your house, and unless you are an architect it is best to turn to a professional. This is important as you need to build a structure that will last and which conforms to all the relevant codes and safety restrictions, an architect can ensure you do all this and help you design a beautiful building which fulfils your vision.

It is also nave to think that you can assemble your house with just planks, a hammer and some nails. You will need some serious heavy duty equipment to put in installations and carry materials to the site. In this respect you should be able to rent forklifts and other building equipment through local providers and the internet – this will cost a bit of money, yet it is far cheaper than paying a construction company to do it for you. The only snag you may run into here is licensing as some vehicles require special permits which you may not have.

Building your own home is truly a wonderful thing, and you should certainly consider it. Of course, you are unlikely to do this in urban areas, so be sure to get your land in the countryside. It may also take some time to pull it all together, you won’t be able to throw up a house overnight and it will take months or even years to complete your grand project. But don’t be discouraged, this could be one of the most rewarding efforts of your life, especially if you go on to live in the home for years. So find yourself a forklift and get going, your house won’t build itself.

Bptp Discovery Park Sector 80 Faridabad Is The Latest Residential Property In Faridabad

BPTP Discovery Park is a new residential property for sale at sector 80 in Faridabad. Aimed at providing the highest standards of living in the most affordable packages, BPTP Discovery Park offers four different options of 2 and 3 BHK apartments for sale in Faridabad.

The extremely spacious have been set up over an area ranging between 11290 and 2440 sq. ft, and have been priced affordably between Rs. 29 and 61 lakhs, depending upon the type and size of the property one chooses to book.

If you are an individual who wishes to invest in residential property in Faridabad, we at Unicon property can help you in booking a flat at Discovery Park with our exclusive Zero Brokerage services.

BPTP Discovery Park is specially designed keeping in mind the needs and requirements of youngsters. This exclusive residential property in Faridabad focuses on the healthy development of children, and comes adorned with several amazing features for the same.

BPTP Discovery Park offers amenities like a swimming pool with separate splash pool for kids, a rock climbing structure and tennis as well as badminton courts in order to facilitate the healthy upbringing of children. Some others of the comforts and conveniences include gated community with 24*7 security surveillance, club house, shopping arcade, jogging tracks, parks and play area with landscaped greens and an earthquake resistant structure.

Apart from these highlights, BPTP Discovery Park also enjoys all the benefits of being situated on a prime location at sector 80 in Faridabad. The property is well connected to all major points of business as well as recreational interest in Delhi NCR via a wide 60-metre road that is located right next to the property. With all these advantages and the high dependability of a developer as well established as BPTP, Discovery Park is sure to be a highly successful residential property in Faridabad.

Advantages And Disadvantages Of Owning A Condominium

Condominiums, or usually known as condo units or simply condos, are beginning to become very popular among the people as well as one of the many popular Philippines properties for sale today. This is because, compared to owning a house, condo units are more beneficial, especially for those that have only started a family or for single (non-married) people. So what are the factors that made condos very popular Philippines properties for sale compared to buying their own houses? And what are its disadvantages compared to owning a house?

Advantages of buying a condo unit

Location
One practical reason why condo units are popular is because of its location. Typical condo units Philippines properties for sale today are located on key parts of the country, such in business districts and other popular parts of the country. This way, people could get a chance to avoid and hustles of rush hour.
Maintainability
One key factor that made condo units popular is its easy maintainability. Unlike owning a house, condo units are usually maintained by paid staff of the condominium, making sure that every corner of the condo is properly maintained as well as the garage. For single (non-married) people, particularly those busy ones, would benefit greatly from owning a condo unit.
Cheaper
Compared to buying your own house, condo units are far less expensive. This makes it easier for small families to start on their own.

Disadvantages of buying a condo unit

Monthly fees
Unlike owning a house which is usually a one time payment, monthly fees are commonly required for people owing a condo unit. These fees are required to properly maintain the whole condominium, such as for repainting, maintenance, as well as for the wages of the maintenance and security personnel. Fees charged for the maintenance are different from one condominium to the otherwould usually range from 500 Philippine Pesos to 1500 Philippine Pesos.
Restrictions
Unlike owning a house, condo units are usually run under several rules and regulations, such as owning a pet or choosing what cable network or internet service provider that you want. Another is with renovations. Some condominiums require that tenants that would like to do renovations with their condo units would have to pass first with the committee or with the condominium board of members.
Not suitable for big families
Unlike houses, condominiums are much smaller, which makes it not appropriate for bigger families. Also, some condominiums don’t allow children on their units, as well as the number of tenants in one unit.

Ways To Keep Good Records Managing Your Rental Property

When it comes to real estate property you must know how to keep good records and managing your rental property at all times. If you purchase one property, you might be able to get by with stuffing receipts and cancelled checks, but if you own multiple properties, you’ll need a better way to organize your finances or you will lost a lot of accounting.

No matter how little money you earn through rental income, you need to keep track of it for tax purposes. If you have only a handful of rental properties, you could probably track your rental income using a computer program.

If you have dozens of properties, you’ll probably be better off hiring an accountant. An accountant can not only free your time but also advise you on the best way to save on taxes and keep track of rental expenses.

Create a rent roll, listing the name of each tenant, the amount of rent paid , and the date when it was received. A rent roll enables you to track your monthly rental income.

Set up a folder for each rental apartment or house you own. In this folder, put leases, correspondence with your tenants, and a maintenance log that shows when repairs were made, how much they cost, and when they were completed.

By keeping such a setup, you can quickly track down documents as evidence in case you need to settle a dispute in court between you and a tenant.

Set up a separate checking account strictly related to your rental properties. When you receive your rental checks, deposit them in this checking account. When you pay the repair or maintenance bills related to the rental property, write a check from your rental checking account.

Now when you pay yourself, write a check to yourself from this checking account. By using a separate checking account, you can easily track the cash coming in and expenses coming out. Then you can see how much money you’re making from your rental property. A separate checking account tracks your income and expenses for tax purposes.