CONDO TIPS

Choosing a Family-Friendly Condo 

When envisioning your family’s dream home, where do you see yourself? The big dream used to be one where you own a house and lot, but the current state of real estate, more and more families are considering high-rise living.

The real estate industry is developing at a fast-pace to meet the changing priorities of today’s modern people. Of course, people will always want their own house, but there is a growing demand for condominiums. The offer of affordable luxury living is extremely attractive after all. But contrary to popular belief, condo living is not just for young professionals. More and more families are choosing condos for their convenience and affordability.

The perks of living in a condo

Many people think that retirees and young people are better suited for condo living, but families can definitely enjoy the perks of high-rise living. Space is no longer a big concern as more condos adapt to the needs of a growing family.

In choosing a condo that suits your family’s needs, here are some things for you to consider:

1.    Location

One of the main reasons why families choose to live in condos is for the convenience the locations offer. Because condos are built in strategic locations, family members can be closer to where they work or go to school. Most of these properties are close to malls, supermarkets, and other recreational areas as well. Some condos even have their own malls, which can really save families the time and the stress of the commute.

2.    Security

Families can also rest easy with the security features available in condos. Condos are typically well-guarded, with security guards, receptionists, and doormen in the property. If you want additional security in your unit, you can easily talk to the management about additional locks or other security features.

3.    Space and amenities

We tend to think of condos as a place more suited for young professionals, but new developments are made to be more family-friendly. These properties have more bedrooms and amenities like swimming pools, playgrounds, gaming areas, and so on. Space is not much of a concern as more condos provide plenty of moving room in gardens and open spaces.

4.    Price

While price is a major factor in the buying process, it shouldn’t be the sole deciding point. After all, you’re investing on something for your whole family. Aside from the price, also think about what your family members prefer and need.

Move in at Field Residences today

Field Residences lets families enjoy generous open spaces and a vast offering of amenities. With themed gardens, a large selection of sports facilities, and other features, your family can enjoy fun, luxury living in the progressive Parañaque area.

Let your family experience the Star Life at Field Residences today! Field Residences is part of the exciting lineup of Ready For Occupancy units in prime locations. Enjoy added value and convenience from SM partners.

Condo Buying Tips for Students 

As the new school year starts, parents and students are keeping an eye out for the perfect condo where they can stay throughout the year.

Condos near schools are a big convenience to students. For one, the strategic locations allow the students to be near their place of education, saving them the stress of long commutes. Also, with their “homes” near the school, students can devote more time to their school work while still making time for other interests and hobbies. For parents, it’s important that their kids have a secure, conducive, and convenient place for their children for the duration of the school year.

When choosing a condo, here are some tips students should keep in mind:

1.    Check how accessible the condo is to your school.

Traffic is a major downer in every student’s life, so make sure your condo is accessible via different modes of public transportation. When you’re inspecting the property, take note of the public transportation terminals nearby and familiarize yourself with the routes you’ll be taking. SMDC Berkeley Residences along Katipunan Avenue in Quezon City is walking distance from Ateneo de Manila University and Miriam College, and is accessible via jeepney and tricycle.

2.    Review the condo’s security features.

Safety, of course, is definitely a priority. Most condos have security guards stationed at the entrance of the building, as well as receptionists who monitor people who come and go. SMDC condos like Blue Residences in Quezon City are equipped with automatic fire detection and an alarm system as well. You can also ask condo management if additional locks or security features can be installed in your unit.

3.    Take note of the condo’s amenities.

The amenities of the condo should be conducive for your studies, so take note of what you’ll need throughout the year. For example, Green Residences in Taft Avenue, Manila has student-oriented facilities such as a study hall, several function rooms, a fitness center, and a swimming pool.

4.    Familarize yourself with key locations.

Go around and check out key locations like hospitals, places of worship, grocery stores, affordable restaurants, coffee shops, laundromats, and similar spots. Sun Residences on España Boulevard in Quezon City is not only accessible to the schools in the university belt area, but also has its own Hypermart, as well as various dining spots in the building.

The Perks of Owning a Condo in Tagaytay 

With today’s fast-paced lifestyle, we all look for the perfect place to just get away from it all. One place in the Philippines that’s perfect for peaceful getaways is Tagaytay.

Tagaytay’s cool mountain breeze is a blessing for anyone looking to get away from the daily grind of urban life. The stunning view of Taal Lake and quant tourist attractions are enough to make anyone want to live there.  Wouldn’t it be great to have your own place, your own sanctuary in Tagaytay?

The perks of living in Tagaytay

So why is Tagaytay the ideal location for your leisure condo? Here are just some of the perks of owning one:

1.    The picturesque landscape

Picture waking up every day to a breathtaking view of Taal Lake—it’s the stuff dream homes are made of. Owning a condo in Tagaytay lets you enjoy this view on a daily basis. It’s also the perfect setting for quiet afternoon with a good book and coffee, or whatever relaxes you.

2.    Fun destinations

Tagaytay has its fair share of tourist destinations, coffee shops, restaurants, and outdoor adventure spots so there’s really something for everyone.

 3.    Affordable vacation home

If you’re looking to invest in a second home in Tagaytay, condos make a practical choice. This is true especially if you frequent Tagaytay; purchasing a condo can save you money from having to book hotel rooms.

 4.    Five-star amenities

Luxury condo living is topped off with five-star amenities like sports facilities, swimming pools, a clubhouse, a kiddie park and two hectares of lush open space. Wind Residences takes it up a notch with concierge services that cater to your needs.

Move in at Wind Residences today

Make your dream getaway possible at Wind Residences. Just an hour’s drive from Manila, you’ll love the views of Taal Lake and the Metro Manila skyline. With its resort-like amenities, you’ll definitely get the best of leisure condo living at Wind Residences.

Experience the Star Life at Wind Residences today! Wind Residences is part of the exciting lineup of Ready For Occupancy units in prime locations. Enjoy added value and convenience from SM partners.

Tips for Renting Out Your Condo 

Condos are not just places to live in. If you do it right, you can rent out your condo and make it an instrument you can profit from.

Renting out a condo is profitable, plus, the process is pretty straightforward. As long as you set it up right in the beginning, the pay-off can definitely benefit your bank account, as well as you confidence. If you’re looking to make profit from renting out your condo unit, here are some helpful tips to guide you:

1.    Identify your target market.

Review the condo’s features and identify a target market that will benefit from these features. For example, if the condo is located near the university belt and has student-oriented amenities; your primary market will be students. Identifying your target market helps you streamline your marketing efforts.

2.    Dress up your unit.

The next step is to furnish the unit and prepare it for future tenants. The decision to furnish it or leave it bare is up to you. Some tenants will avoid purchasing big appliances, while some may be bringing in their own. At the very least, make sure that the unit looks presentable and attractive.

3.    Market your unit.

Start by taking good pictures, not just of the unit, but also the building’s amenities and nearby establishments to give tenants a good idea of what it will be like to live there. Remember the features you listed earlier? Use these features to make a good sales pitch highlighting the benefits that address the needs of your tenant. Utilize online spaces to market your unit, as well as traditional media like classified ads, newsletters or flyers.

4.    Prepare your unit for viewing.

Once you’ve started your marketing efforts, you’ll start getting inquiries. These potential tenants will want to see the unit, so this is your chance to impress them. Make sure broken items are fixed and retouch cracked paint. Clear all clutter and make sure the unit is well-lit. A tenant is more inclined to pick a space that looks and feels brand new.

5.    Prepare the necessary documents.

After all your efforts, you’re ready to rent out your unit to a tenant. Now you have to prepare documents and contracts that will protect your interest, as well as your tenant’s. Some documents you’ll have to cover include the Proof of Ownership, the Official Receipt and Tax Registration, and a list of inclusions as an annex to the contract.

Why Buy a Condo in New Manila? 

When thinking of luxury condos in Manila, we usually think of the Makati business district, or the Ortigas area. But if you’re looking for an area that’s convenient, why not consider purchasing a condo in New Manila?

SMDC-RFO-Why-Buy-a-Condo-in-New-Manila

New Manila is an area with its own unique charm and history. Many of the opulent houses standing in the area belonged to affluent families who settled in Manila after the Second World War, giving the residential district an allure all its own. At present, New Manila is an area where there’s a harmony between urban and suburban flavours within the metropolis.

So why should you consider owning a condo in New Manila? Here are just some of the reasons why it’s a good investment:

1.    Accessibility

Whether you’re a young professional living by yourself or living with your family, a condo in New Manila like Princeton Residences is a huge convenience. For one, it’s strategically located in the middle of major areas—San Juan, Tomas Morato, Timog Avenue, old Manila, and Aurora Boulevard. Public transportation is no problem, with major streets and LRT 2 Gilmore station nearby.

2.    Strategically-located

Schools such as St. Paul University of Quezon City, Trinity University of Asia, and St. Joseph’s College are just some of the schools in the New Manila area, making it convenient for students. Important structures like churches and hospitals are also within your reach, St. Luke’s Medical Center and Christ the King, in this case.

3.    Lifestyle center

Given that it’s near restaurants and other leisure establishments, you’ll never lack for anything new to do. Check out the ancestral homes-turned-restaurants like Lemuria Gourmet, or venture to the Timog, Tomas Morato, or Greenhills for good eats and entertainment.

 

Should You Buy A Condo?

The decision to buy a condo does not come easily. After all, relocating is a major life event, not to mention the amount of money to be shelled out in buying one.

 

When you’re relocating to a new city or area, you’re faced with a big decision on where to live. There are plenty of options, like buying a single-family dwelling or buying condo unit. Each option has its advantages, disadvantages, and risks.

So, should you buy a condo? Here are some points to consider so you can make an informed decision:

1. Budget

As with any major decision, you should always consider your finances. Condos are typically more affordable than a house, but you should also think about whether your monthly budget can handle the possibility of homeowners’ association fees, and the like.

2. Location

Of course, the basic question is where you want to live. In choosing an area, plenty of factors can come into play, like your daily commute to work or school, or even your lifestyle and hobbies. From there, check out the options for condos and single-family homes. If you’re looking for a place in the heart of the city, you’re more likely to find a suitable condo.

3. Privacy

A single-family home affords you privacy. Some people value their privacy more than others, so living in a condo might not be an ideal setup because of the close proximity of the units. The condo association typically sets up rules and regulations that address this concern, but you may want to look closely into this when you’re considering a condo.

4. Maintenance

If maintaining a lawn or cleaning out gutters isn’t really your thing, then condo living might just be for you. Unlike living in a single-family home, condo life usually means that the admin is taking care of exterior maintenance and other similar concerns.

5. Security and safety

Living in a single-family home in a gated community can definitely give you peace of mind. Condos also offer that kind of security, with guard services or buzzer systems. You can also work with the building admin if you want additional security systems in your unit.

Ultimately, it’s about buying well to suit your lifestyle. If you carefully consider the points above, you should be able to benefit from a good investment, whether you choose a condo or a single-family home.

Tips for Buying a Condo in the Philippines 

Looking to purchase a home? A sky high lifestyle in a condominium could be for you.

For those looking to find a new home, purchasing a condo is one of the options you can consider. Condos are a popular choice in real estate in the Philippines. Having a condo not only provides you with a good home, you also enjoy the luxuries that come with it.  With condos strategically located in or near business districts, it’s definitely advantageous to residents.

However, it’s understandable that buying a condo can be intimidating, especially if you’re buying one for the first time. While condos are generally less expensive than house and lots, it’s still a major purchase decision.

Here are some tips for you to consider, if you’re looking to purchase a condo:

1. Analyze your financial capacity.

Before you start your search, you have to know what you can afford. Evaluate your funds and where these will come from. Visit your trusted bank, and they can give you the details you’ll need before you purchase a condo. They will also work with you on setting a reasonable budget for your income.

 2. Check the developer’s track record.

If you already have properties in mind, do research first. Are the projects finished on time? When is the turnover date for your prospective condo?

3. Consider your location.

Aside from the general location, pay attention to the neighbourhood. Consider things like your daily commute, the proximity to grocery stores, malls, and other factors that could be appealing or unappealing.

4. Attend open houses for your preferred condo.

Typically there are scheduled open houses for different properties. If not, you can get in touch with your seller to set up a schedule for viewing.  It’s best to really take your time in going through the condo and take note of things you like and don’t like. Don’t forget to take note of these on a notebook or on your smartphone. This way, you’ll be able to compare notes when you’re trying to narrow down your choices.

5. Ask questions.

If something is not clear to you, don’t hesitate to ask your seller. Ask about details like fees associated with the property. Are there association fees you need to pay? What comes with these fees? Know what benefits come with what you’re paying for.

It can be pretty scary for a first-time buyer, but keep these tips in mind and you’ll be able to approach the condo-buying process with confidence.

Why You Should Invest in a Condo 

If you’re looking for a good investment opportunity, you may want to consider investing in a condo.

With properties currently being built and still lined up, the Philippines is definitely enjoying a major surge in the real estate market. After all, condo living is an attractive offer. Living in a condo lets residents enjoy five-star living in key locations that allow them easy access to their favorite establishments.

A condo also makes for a sound investment. Here are just some of the reasons why you should consider investing:

If your condo is situated in a prime location, it can bring a premium resell price or monthly rental.

Condos can help you rent out your unit through their rental services, ensuring that the unit is occupied and the cash keeps flowing.

The purchase price is lower compared to a single family home. Renting it out tends to be cheaper than a typical home because the maintenance costs are shared, even if the property value is high.

Because condos have restrictions when it comes to maintaining the property, its value is maintained as well, which is great for when you’re renting it out.

Condos offer great amenities like pools, gyms, gardens, and so on. These are great perks for renting or reselling.

Reselling or renting out a condo is a great way to benefit from the property boom. Because of shortages in housing, it can be said that there is a demand for property rentals. Plus, your market is not limited to locals. Recently, it has also been observed that tourists consider condos as alternatives to hotels because they are cheaper.

Given that there is a market for rentals and reselling, investing your money in a condo is definitely worth considering.