Time to Save for a Home

Decades have past and surely we all noticed how values of real estate properties became affordable. Many experts say that affordability is an important factor for many home buyers and investors. And with today’s real estate market, affordability is peaking to its highest rate. Clearly, now is the right time to make a purchase. 

Surely a lot of long time renters plan to own a house and lot in the future while current homeowners want to take advantage of the low prices and buy the property they have been dreaming of. But there is an important thing that needs to be considered. Remember that they key to purchasing in today’s market is having financial stability and the funds. How is saving in this dreadful economy possible? Let’s try to discuss saving through this article. Read on to be benefit. 

Have you ever heard about Suze Orman? She is an internationally acclaimed financial expert. If you were able to read her books and watch her videos she always talks about the benefits of home ownership but also pointed out the importance of being financially stable. What does she mean? Simply put, she emphasized that the first and the very important step to home ownership is the financial stability of the buyer. 

Consider many households today; they try to spend every penny they make every month. That is in contrary of saving at least 10 to 20 percent of their monthly income. It’s also a sad fact that many people spend further beyond their means, ending up a bad credit score. Not saving and over spending are very risky habits. And a person planning to own a property needs to change these bad habits and replace them with new habits. 

Here’s What To Do

1. Determine your expenditures. Before we replace your bad habits we have to first determine what are those. It might be awkward to see the real numbers of how much you spend but this would help you to see things better. List down how much you spend on dining out, entertainment, shopping, household needs and others. 
2.  Now that you have determined your expenditures it’s time to come up with a new budget. List down all the important expenses you need each month. This may include electric and water bill, your rent, car loans, food, medical and etc. 
3.  Next thing you do is to cut down unnecessary expenses. Do you have an internet connection? Perhaps changing to a lower package will be helpful. Do you regularly go out to eat? How about being in the house and cook your own food. For parents, cooking the food might be a great bonding time with your kids. 
4.  Entertainment is also important. Maybe you regularly visit movie houses and see the newly released movies. But think about an alternative. Renting movies and watching it with your family might be a good choice. Do you love traveling to other places which costs you extra funds? Why not try to explore your vicinity surely there are nearer places where you and your family can enjoy. 
5.  Ultimately, learning to save is about learning to trust your own instincts. Surely when you come to the situation, you’ll figure out what is the right thing to do. Especially because you know you’re saving for a house!

Read More

Things to Know in Real Estate Investing

Do you want to invest in real estate? Do you have enough knowledge on the things that you need to do and know about real estate investment? As a future real estate investor you should know that there are things that you need to know to be able for you to be successful and never regret investing in real estate. Investing in real estate properties is more than just finding house and lot for sale or houses in the Philippines but a place that you can also use and help you to make profit in the future. So for you to make sure that you are going to be successful in real estate investing this article will help you be informed on the things that you need to know.

1. Local pricing. In studying the local pricing of properties in one area there are factors you need to consider; the fluctuation and acceleration of property prices, average prices of the houses available in one place and compare it to other neighboring towns for you to have the idea in which place will have the biggest demand in the market. Knowing these things allow you to have the chance to know whether the place is continuously giving overpriced properties or consistent in giving fair prices.
2. Developments. A real estate investor should keep in mind that the place with the most number of developing infrastructures is the best place to invest. New roads, shopping malls, schools and other attractive places that are will be done in one place is the best indication that it is a growing community. A growing community has the greatest chance to attract a lot of home buyers and investors because of the visible opportunities that are available in the place.
3. Home owners Association. There are times real estate investors are choosing to have the place that shares common necessities like in a condominium that is why it is better to have knowledge on the rules of the place. You need to make sure that you as a member of the home owners association is given right and just treatment and protected by bad elements that can be found in the place.
4. Property tax. Knowing which place offers better tax structure is needed to know by real estate investors so that they can choose wisely which place is good to have as an investment. Remember that a place that offer lower property tax will be patronized more by many people. Reports from real estate agents about a place that have the best and worst tax structure are a big help to have an idea on what place to invest in.

Read More

Importance of Staging a House

Have you ever been in a place that looked crowded, unappealing and have a lot of mess? As a home buyer - the first time you visit and look a place that is unattractive surely you’ll be disappointed. That is why sellers should take seriously the challenge of staging their house to give a satisfying property to their buyers once they open it in market.

Home staging provides the best looks for your homes which you can be your edge in selling it in a shortest period of time. Staging is the best thing to do to make sure that your property will be purchased by potential home buyers immediately. Home staging requires a creative art design and great imagination so that you can have a home that will surely attract your buyers. The way you will organize and stage your house must give realization to home buyers that it is great to live in your house and they will not waste their money having your property. 

Pricing is another factor why you should stage your house and it is advised that when you want to sell your house on the price that you want better to do some effort and staging. If you want to add value to your home it is better to stage it and for sure that you will not have hard time selling it in the market. Another importance of staging a house is allowing potential buyers a chance to imagine their life living in your place which is also a great strategy to let them realize that your house is a worthy investment. Remember that unattractive house have the greater chance of staying in the market for a long period of time but if you are going to give an attractive look to your house for sure that you will immediately sell your house and at the price that your house deserve.

Houses for sale that undergo home staging are more patronized by home buyers than ordinary houses. Home staging also is a way to convince home buyers that they are not going to regret buying your house and home staging is a way to boost all the good things in your property. First impression last that is why it is better to give the best first impression to home buyers as they visit and look around your house. Remember that they need to have a realization that there is nothing they can compare to your house so better to give the best in staging your house.

These simple values that you will get once you stage your house plays a vital role for you to sell your house in a quickest way and definitely at the higher price that you want. Keep in mind that all the expenses that you will have in staging your house will all be reimbursed on the price that you will give for your house as you trade it.

Read More

Steps in Buying a Property in the Philippines

For first time home buyers there are really a lot of things that you need to know and work on so that you can be successful in choosing the house and lot that you really wanted. Here are some steps that you can have to ensure that the property that you will have is really the one that you would want to have.

1. Knowing your savings. The very first step that you need to do is to know your savings and how much property you can afford. This is the very important step that you need to do so that you can make sure that you can pursue buying the real estate property that you really like. You need to make sure also that whenever you would want to buy your own property is you have enough savings and doesn’t need to loan I banks. 
2.  Knowing the prices of the properties available in one place. Next step that should be done in buying property in the Philippines is having enough knowledge on the prices of properties available in the place that you like and have some comparison. Better to choose a property that have a high price but offer high quality of  living than in a property that have a low price but you are not satisfied living in the place. Knowing the prices of properties available in one place gives you an idea on what is the best to choose. 
3.  Choosing a property made by a reputable developer. In the Philippines there are a lot of home developers that give satisfying homes to people. DMCI Homes, Avida Land, SMDC, and other developers are kept on producing quality homes that will give the best life to its residents. And as a buyer who wants to buy a property in the Philippines it is your will to choose on what property you will live. 
4.  Have a date of viewing. Next step that should be done is having a specific date of visiting and viewing of the property that you want to buy. You need to make sure that the property that you will purchase doesn’t have any problem, it is also best if you are going to hire home inspector so that everything will be inspected and you will know the things that needs improvement. 
5.  Ensure a contract. If you are already confident on the property that you are going to have the last step you need to do is to have an assurance through having legal contract. Make sure that whatever agreement you will have they are all written in a contract which is sign by both of you so that you will never have any problem when you are going to pay for the property or whenever you are ready to move in to the place.

Read More

Reasons Why You Should Choose DMCI Homes

Planning to buy your own property in the Philippines? There are a lot of good reasons why you need to choose DMCI Homes to be the place for you and your family to live in.  If you are considering owning a place in the Philippines make sure that one of your choices will be properties in the Philippines made by DMCI Homes.

1. DMCI properties are secured. DMCI Homes make sure that the properties that they are doing gives full time security to its residents. For sure that you will never have any question on the security that you will get once you choose to avail a property made by DMCI Homes. You don’t have to worry for your life because whenever you are in the vicinity of the place the assurance that nothing harm will happen to you is guaranteed. 
2.  Choose property in the Philippines because you deserve to enjoy high class amenities. As you decide to live in DMCI Homes you have all the privilege to use all the high class amenities available in the place. These amenities give not only enjoyment but also satisfaction and contentment to people living in DMCI Homes. 
3. You should choose DMCI Homes because you want to have a private life. Celebrities are not only the people who need to have a private life but even ordinary ones. If you want to live privately better if you are going to live in DMCI Homes because units available in the place give what you want. There is no way for you to feel disturb by your neighbors or even outsiders once you choose to live in the properties made by DMCI Homes. 
4.  Another reason why you should choose DMCI Home is because the place gives a healthy life. From the design, themes and even amenities available in the projects made by DMCI Homes, really gives a healthy life. Healthy life in a sense that there are amenities that will help you to be healthy such as the gyms for you to keep on being fit, landscaped gardens that allows you to have a healthy air to breathe in and of course the place itself because once you stay here you can be confident that you are always relaxed which can help you to be very healthy. 
5.  Last reason why you should choose DMCI Homes is because it is the most in demand place where many people choose to live.  Hundreds and hundreds of people are now being wise in choosing DMCI Homes because they know that DMCI Homes gives unexceptional and contented life to its residents.

Read More