“Don’t wait to buy real estate, buy real estate and wait” (T. Harv Eker).
Are you new to real estate investment? Do you want to explore and to start investing in real estate? Have you heard about read for occupancy? How about preselling property? If you are a real estate newbie, this is some of the basic terms that you can encounter. This article will focus on preselling properties. To start, let’s define first what is preselling. Preselling property is a type of property - either condominiums, townhouses, or houses and lots— being sold before the construction is completed or done. It is like a buying something before you can actually see it. It is a contrast of ready for occupancy properties. Now the question is why you should invest in preselling units over ready for occupant units. Below are the perks of buying or investing in real estate properties which are preselling: Low introductory price. In comparison to RFOs, preselling properties have low market value since it is not yet done. So if you want to invest in real estate, choosing a preselling property over a ready for occupany unit is a smart decision. The total contract price (TCP) is much more affordable. It is up to 50% cheaper than it is soon to be market value once it is completed. Flexible payment scheme. Aside from being affordable and cheaper real estate option, it is easier to buy or pay for a preselling property. Payments can be spread out into longer payment terms like paying the property for several years. There can be other options for property’s payment plan which can be convenient for you so you don’t fall behind your payments. Most real estate developers also offer bank loans and pag-ibig housing loans to their properties. Promos and discounts. Along with low price and convenient payment plan, purchasing for a preselling property also means availing the promos being offered. When you plan to pay your preselling property in spot payment, huge discounts may also apply. Often times, real estate developers offer 50% discount on reservation fess or on your first DP. So don’t let these promos and discount go, grab the opportunity and reserve you unit. More unit types and locations. Since you are buying during preselling stage, you have the opportunity to choose the ideal unit and location for you. If you want the property to be your home in the upcoming years, you can choose the perfect location that is facing into a nice view. If you want a property that you want to rent out in the future, you can choose for ideal size of the property. Profitable investment. Once the property is done and completed and you want your property to generate income, you can convert it into an airbnb, apartment, a rental, a lodging or if it is condominium, a condo for rent. The rental payment that is being paid to you monthly can be utilize as your payment for the property’s monthly amortization dues. If there is an excess, you can save it up to buy your next preselling property. There is always a room for you to earn passive income with a property investment. Right now, you are may be asking why do developers offer preselling units. It is like an investment that mostly favors the buyers or clients. But the fact is it is not, it also favors the developers since the payments you made once you avail a preselling unit is used for the development of the property. Hence, it is a win-win situation for both the buyer and developer. Preselling properties never goes out of stock, there’s always a new real estate development in the market. During this time of pandemic, more and more developers are offering preselling units. Digital marketing is being hyped with virtual tours showcasing the architect’s perspective of a certain property to help the potential buyer visualize the future form of the property he or she will invest in. Investing in a preselling property is a bang for one’s buck but just like other kinds of investment, preselling property also has risks which you have to consider. You have to be vigilant and wise before purchasing one since some developers make changes among their preselling projects without prior notice. There are even some cases where project developments gets deleyed or worse stopped due to legal or capital issues. So in order to avoid this, make sure to do your research about the project and developer first. Don’t be afraid of inquiring. Inquiring doesn’t mean buying. It is important to know more about the project or the property before investing in it. Next, choose a trusted and reputable developer. It is important that the developer you are going to deal with is experienced and trustworthy so you know that you are in good hands. Always check their history and customer reviews to ensure their credibility and trustworthiness. Once you made a reservation, do not just sign the contract. Make sure to read them before affixing your signature. It is even recommended to hire a lawyer who can walk you through conract. If you have some questions, raise it during client briefing, don’t be afraid to ask question. Remember, inquiring doesn’t mean buying. It is said that the early bird catches the worm. So if you think you did enough research and thinking, chase the opportunity and do not let it slip away. Start your real estate investment with a preselling property. If you’re looking into preselling properties, Bria have lots to offer. They have horizontal and vertical projects, namely Bria Homes and Bria Condo. As one of the leading real estate developer in the country, Bria Homes, Inc. just bagged two accords from Real Estate Asia Awards 2021, the Affordable Housing of the Year Award and the Open Space Development of the Year Award respectively. With its project, located in prime locations in Luzon, Visayas and Mindanao, Bria continues to provide quality yet affordable houses and condominiums to Filipinos.
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Having your own home is everyone’s dream. More than just having a place to live, or being able to make a real estate investment, it is a sign of entering adulthood. It signifies a sense of responsibility and commitment of settling down. For some, having a place they can call their own take up to a couple of generations before accomplishing. To many, it is reaping the fruits from years of hard work and sacrifice.
At a young age, saving up enough to buy your own house seems impossible. But with a solid saving plan, you can put away enough for a down-payment on the home of your choice. There are a lot of realties that is offering an installment payment for a house, which is a really big help for a person who is just starting and wants to buy his own house. Bria Homes is one of that realties that is offering an installment payment. So here are some of the strategies, tips, and tricks you can use to save for your first home: 1. Decide on your budget
Don’t forget to calculate other expenses of buying a home, this includes the closing costs and fees, homeowners’ insurance and property taxes, and moving costs (but some realties have no Moving in fees, like Bria Homes Inc.) And by taking all the expenses into account, you’ll now have an idea on how much money you’ll be needing to save for your first property investment. 2. Think about your timeframe
3. Lessen your expenses
Saving doesn’t mean removing all your noncompulsory expenses. But the more you lessen it, the faster you can save up for your house. Start listing all your expenses, then take a good look where you could cut back. Consider everything. Then decide what you’re willing to live without while you work to save up for your first house. 4. Make room in your budget
5. Ask for help
Marketing professionals can guide you on the process of purchasing a house. They will introduce to you all the units they have and you will know how much money you’ll be needing. 6. Be motivated
In order for you to avail your first house, you should have to keep in mind that you are really passionate and willing to have your dream house. So you will do your best to save up for your first home. Buying your own home is a life changing decision and is one of your most important one in your lifetime. A home is like a commissioned piece of artwork. It should be well thought of. It needs to have a clear vision and be made the way you would like it to be. The details of a home are meant to tell the story of those who built it, each piece holding significance to the life of those who live in it. Which is why buying your first home, though it may seem a daunting task, is a worthy masterpiece if well planned. Bria Homes Inc. can help you reach your dream of having your own house because of its affordable houses. Start now, don’t keep your dream of having your own house waiting. Start saving up and have your own house where you can build good memories with your family. BRIA Homes is a subsidiary of GOLDEN MV Holdings Inc., one of the largest real estate companies in the country. BRIA Homes is primed to bring quality and affordable house and lot packages and condominium units closer to ordinary Filipino families. This is the goal that drives every single employee in the company, for which the ultimate fulfillment is seeing a client happily moving into BRIA’s homes. To know more, visit their website at www.bria.com.ph, like and follow “Bria Homes Inc.” on Facebook, Twitter, Instagram, YouTube, Pinterest, Spotify, Viber Community, Telegram Channel, Kakao Talk, LINE and WhatsApp, or call 0939-887-9637. 10/14/2021 0 Comments Finding the Perfect Home for YouAre you a newlywed couple trying to find a home to build your family in? Or an independent fresh-grad who wants to start living on his own and explore the exciting world of the workplace? Whatever you may be or wherever you may be, there is a perfect BRIA home just for you, and we are here to guide you through the various properties we offer that would best suit your everyday lifestyle. For starters, what is BRIA Homes? BRIA Homes is known as one of the biggest real estate developers in the country as it provides the Filipinos properties grounded on affordability, fast construction, holistic communities, excellent service, and a close proximity to common establishments and institutions. BRIA Homes also offer very competitive packages from condominiums to houses and lots which would cater to everyone and anyone.
So let’s begin! How can you find the perfect BRIA home for you? First, you would have to assess your current living situation, would you be living alone? With a roommate? Or with your family? Once you have decided on this, you will now have to determine your budget range and plan which city or province you would like to settle in. Whether it may be close to your work or close to your loved ones, you don’t have to worry because BRIA Homes is located nationwide, with over 51 developments across 9 regions of the Philippines. Luckily for you, we did all the work and research! Continue reading this article to find out what's in store for your future in BRIA Homes! SINGLE & WORKING For those who are young, working, and want to finally experience independence; BRIA Homes Condos is the ideal place for you. A BRIA Condominium is not only a practical investment but it is also decorated in a fresh and modern design that would suit the millennial generation who are trying to navigate through adult life. A Studio unit has a 24 square meter floor area which includes enough space for your bedroom, bathroom, living area, dining area, kitchen area, and balcony. All condominiums also come with the luxurious amenities of a clubhouse, swimming pool, jogging path, gym, and 24-hour security. BRIA Homes Condos are established in the progressive locations of Calamba, Laguna; Mactan, Cebu; General Trias, Cavite and Cagayan De Oro, Misamis Oriental. These four locations were also strategically placed near schools, hospitals, churches, malls, and local government offices to give its residents the convenience they deserve. Not to mention, transportation has also become a breeze since the condo is near major roads, highways, expressways, and transport terminals. Buying a condominium, especially at a young age will certainly get your money’s worth as its value increases each year, which leads to a higher income potential. Furthermore, when you are ready to settle down in your forever home, you can still keep your condominiums as a rental for passive income, proving it to be a great investment in the long run. COUPLES BEGINNING TO START A FAMILY (2-3 PEOPLE) Moving on, for those who want to start living with their significant others or are trying to build a family, and are financially stable to purchase their own house and lot; we recommend a house model with a floor plan of one bath and one bedroom. A house differs from a condo because it gives its residents privacy and ownership of the land. BRIA Homes offer three house models perfect for two to three people; the Elena, Airene, and Elyana. The Elena and Airene have a 22 square meter floor area and a 36 square meter lot area. On the other hand, the Elyana has a 24 square meter floor area and a 36 square meter lot area. All three units include spaces for a living, dining, kitchen, bathroom, and service area. GROWING FAMILIES (3 PEOPLE & ABOVE) Finally, for those families who already have children, or a group of more than three people living together; we suggest a house model that has a floor plan of one bath and two to three bedrooms. BRIA Homes offers five house models perfect for three people and above; the Alecza, Bettina, Angelique, Angeli, and Thalia. All home models include spaces for a living, dining, kitchen, bathroom, and service area. For a more in-depth comparison of the two-bedroom models; the Alecza includes a parking area, a 36 square meter floor area, and an 81 square meter lot area. In comparison, the Bettina is a two-story home with a car parking area, a 44 square meter floor area, and a 46 square meter lot area. While the Angelique is also a two-story home with a 35 square meter floor area and a 36 square meter lot area. Finally, the last two house models we'll be reviewing have three bedrooms each, which are highly suitable for growing families. The Angeli is a two-story home with a 42 square meter floor area, and a 52 square meter lot area. Lastly, the Thalia is a duplex completed with a covered court, a 46 square meter floor area, and an 81 square meter lot area. In conclusion, there is no doubt that there is a perfect BRIA home for all types of Filipinos. Remember that the properties listed above are just recommendations and are not limited to the situations mentioned, so choose the BRIA home that you believe is the best for you. Get in touch with our consultants today and talk about your future home. Living beautifully at an affordable price is always within the reach at BRIA Homes. Golden Haven Discovering Golden Haven Columbariums In the Philippines, more families are open to cremating their loved ones as a post-funeral practice. Cremation is the process of disposing of a dead body through burning and turning it into ashes. There are many unique ways to store cremated remains such as placing them in an urn to be displayed at your home altar, turning them into jewelry pieces to be distributed to close family members, or planting them in your backyard garden. However, nothing could compare to the tradition of storing one’s ashes in a columbarium. A Columbarium is typically a building or a room that is used to store urns, which is a custom originating from ancient Rome. This final resting place is most commonly found near a church or a cemetery, allowing the family members to visit the remains of the dead in a public yet solemn setting. The urns are individually placed in a columbarium niche, which are the shelves made out of luxurious materials of granite and marble. Each niche is completed with a memorial plaque and a flower holder for visitations. It is evident that columbariums are paving their way in the death care services market as it provides several advantages to its buyers. First and foremost, columbariums are very affordable compared to other burial options like a memorial lawn that requires heavy maintenance costs. Moreover, family members can also share one niche since more than one urn may fit inside, thus, immediately splitting costs in half. Columbariums are also sustainable for the environment since they take up less space of valuable land. And lastly, placing one’s remains in a columbarium provides them guaranteed tranquility and security that their resting place is in a much-respected setting. In Golden Haven, we believe that columbariums are more than just burial sites. Alternatively, they are also great investments to prepare your family when the time comes. It is also a good financial investment since the value of columbariums in Golden Haven increases over time. If you were to invest in your resting place today, wouldn’t you want to get the best of the best? Golden Haven offers the most exquisite personalized columbariums, across six wonderful locations nationwide. Let’s take a tour of the Golden Haven columbariums in Luzon, Visayas and Mindanao! LUZON COLUMBARIUMS On the island of Luzon, Golden Haven has opened two columbariums located in the Las Piñas area namely, Santuario de San Ezekiel Moreno Church and the Columbarium Vaults in Global South. Santuario de San Ezekiel Moreno Church has three galleries with seven thousand columbarium units each, ranging from P198,000 to P246,000. On the other hand, the upcoming Columbarium Vault in Global South units ranges from P193,000 to P239,000 with the inclusive features of a fountain area, activity area, sales garden, and butterfly garden. Both columbariums are heavily inspired by Spanish architecture, giving a look of elegance with their open spaces and clean design. VISAYAS COLUMBARIUMS Moving forward, there are also two wonderful columbariums offered in the Visayas region, which are specifically located in Iloilo and Cebu city. The Columbarium Vault and Ossuary in Iloilo City is inspired by the Gardens of America with its surrounding greenery and opulent statues. Their columbarium vault units would cost around P55,000 to P1,274,000 each, giving future buyers a wide range of services to choose from that would perfectly suit not only what they're looking for but also their budget. While the Columbary Vault in Cebu City is leaning towards the influence of Asian cultures with its temple-like structures and a touch of relaxing nature. The Columbary Vault units in Cebu are priced between P131,200 to P145,000, with the added amenities of the Pope John Paul II Memorial Hill, the Garden Plaza, the Imperial Gardens, the Koi Pond, the Butterfly Open-Garden, and the Tree Park. MINDANAO COLUMBARIUMS Last but not the least, the Golden Haven columbariums in Mindanao located in Cagayan De Oro and Zamboanga are by far the most price competitive of them all, at no more than P64,000 per unit. The columbariums in Cagayan De Oro offer over 3,500 garden niches inspired by the Gardens of the World, complete with an activity area, fountain area, and sales garden; each unit costs from P38,850 to P44,100. In contrast, the columbarium in Zamboanga city is located in one of the best memorial parks in the Philippines with its peaceful surroundings. A columbarium unit in Golden Haven Zamboanga is estimated to be priced at P59,340 to P63,480. With all that said, a columbarium is an excellent option to continue to commemorate the memories of your loved ones in a very special way. Investing in a columbarium unit today is an excellent preparation for what’s to come in the future as it eliminates any unwanted financial burden to the ones you will be leaving behind. You may also opt to invest in buying a columbarium now to sell it in a few years and get the most out of your money. Find the perfect columbarium for you and your family today by calling us and setting up a virtual appointment. 10/7/2021 0 Comments Why Invest While We Are Young?When it comes to having the flexibility and freedom to live the life you’ve always wanted, Millennials and young generations before us, have always had the opportunity to take advantage of time and it’s ability to build to wealth. Young investors have the flexibility and time to study investing and learn from their successes and failures. Since investing has a fairly lengthy learning curve, young adults are at an advantage because they have years to study the markets and refine their investing strategies. Waiting to invest could be the biggest mistake many young professionals make early in their careers. This article will explore the importance of investing when you’re young, the power of compound interest, and a case study supporting my claims.
What is Investment and Why it is Important? (Before investing, we should have studied or have known why we invest and its importance first) Investing is how you take charge of your financial security. It allows you to grow your wealth but also generate an additional income stream if needed ahead of retirement. Various investments such as stocks, ETFs, bonds, or real estate will provide either growth or income but in some cases both. Investing is important since it’s impossible to maintain a rich lifestyle if you’re not investing enough on the side to eventually allow you to step away from your high paying job and have the flexibility to do as you please. It’s a necessity to establish other forms of income in order to become financially independent from your job. TYPES OF INVESTMENT Think of the various types of investments as tools that can help you achieve your financial goals. Here are different types of investments: Stocks - When you invest in a stock, you become one of the owners of a corporation. Stocks represent ownership shares, also known as equity shares. Bonds - When you invest in bonds and bond mutual funds, you face the risk that your investment might lose money, especially if you bought an individual bond and want or need to sell it before it matures Mutual Funds and ETFs - publicly offered funds such as mutual funds, exchange-traded funds, closed-end funds and unit investment trusts must be registered with the Securities and Exchange Commission (SEC) as investment companies. Private investment funds (often called hedge funds) are often exempt from registration. Bank Products - Banks and credit unions can provide a safe and convenient way to accumulate savings—and some banks offer services that can help you manage your money. Options - Options are contracts that give the purchaser the right, but not the obligation, to buy or sell a security, such as a stock or exchange-traded fund, at a fixed price within a specific period of time. Annuities - An annuity is a contract between you and an insurance company in which the company promises to make periodic payments to you, starting immediately or at some future time. You buy an annuity either with a single payment or a series of payments called premiums. Retirement - Once you retire, the way you manage your income can mean the difference between living comfortably in retirement and running short of money down the road. Whether you are in retirement or still saving for it, there are actions you can take now to manage retirement income. Saving for Education - Education funding begins with saving. While college and other educational costs continue to rise, the good news is that there are many smart, tax-advantaged ways to save for education. We'll help you navigate your options, and provide tips and tools along the way. Alternative and Complex Products - Investment products abound that offer alternatives to conventional stock and bond investments. These products are sometimes referred to as structured products or non-conventional investments. Initial Coin Offerings and Cryptocurrencies - Digital assets like cryptocurrencies and ICOs continue to evolve and spark interest from Main Street investors. With billions of dollars raised in ICO financings and over a thousand different cryptocurrencies currently available, these rapidly changing markets are tempting for investors. Commodity Futures - Commodity futures contracts are agreements to buy or sell a specific quantity of a commodity at a specified price on a particular date in the future. Commodities include metals, oil, grains and animal products, as well as financial instruments and currencies. Security Futures - Security futures involve a high degree of risk and are not suitable for all investors. As with any investment, if you don't understand it, you shouldn't buy it. Insurance - Life insurance products are often a part of an overall financial plan. They come in various forms, including term life, whole life and universal life policies. There also are variations on these variable life insurance and variable universal life insurance which are considered securities and must be registered with the Securities and Exchange Commission (SEC). How to Invest in Real Estate 1. Buy REITs (real estate investment trusts) REITs allow you to invest in real estate without the physical real estate. Often compared to mutual funds, they're companies that own commercial real estate such as office buildings, retail spaces, apartments and hotels. REITs tend to pay high dividends, which makes them a common investment in retirement. Investors who don’t need or want the regular income can automatically reinvest those dividends to grow their investment further. 2. Use an online real estate investing platform If you’re familiar with companies such as Prosper and LendingClub — which connect borrowers to investors willing to lend them money for various personal needs, such as a wedding or home renovation — you’ll understand online real estate investing. 3. Think about investing in rental properties Tiffany Alexy didn’t intend to become a real estate investor when she bought her first rental property at age 21. Then a college senior in Raleigh, North Carolina, she planned to attend grad school locally and figured buying would be better than renting. Alexy entered the market using a strategy sometimes called house hacking, a term coined by BiggerPockets, an online resource for real estate investors. It essentially means you’re occupying your investment property, either by renting out rooms, as Alexy did, or by renting out units in a multi-unit building. David Meyer, vice president of growth and marketing at the site, says house hacking lets investors buy a property with up to four units and still qualify for a residential loan. 4. Consider flipping investment properties This is HGTV come to life: You invest in an underpriced home in need of a little love, renovate it as inexpensively as possible and then resell it for a profit. Called house flipping, the strategy is a wee bit harder than it looks on TV. 5. Rent out a room Finally, to dip the very edge of your toe in the real estate waters, you could rent part of your home via a site like Airbnb. It’s house hacking for the commitment-phobe: You don’t have to take on a long-term tenant, potential renters are at least somewhat prescreened by Airbnb, and the company’s host guarantee provides protection against damages. Renting out a room feels a lot more accessible than the fancy concept of real estate investing. If you've got a spare room, you can rent it. |
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October 2021
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