Month: November 2019

Getting your home insured is one of the wisest decisions you could take to save money and protect your assets. Whether you go for a traditional styled house, or rather choose to get a small duplex or an apartment to reside in you should get it insured. You can be careful but cannot fight completely any disaster such as a fire accident, robbery, vandalism or natural perils like earthquake, flood or lightening.You may think that the homeowners have to take care of the insurance plans and it should not be your concern. Well, guess what- the homeowners insurance would not cover your personal items. Do you think it is going to be easy for you to replace all the damaged furniture, appliances, clothes, and jewelry yourself? Of course it is not affordable. Condominium insurance takes care of the damages like these and help you through such disasters.Condominiums have to be protected just like big traditional houses are. Get a condominium insurance to do this. Rules and Regulations Condominium insurance is a bit different. It has to be within the rules established by the condominium policy of the area. An important way to go about it is to be patient. Do not impulsively accept the first option you see. Maturely compare the insurance plans and see what you want to protect the most and how comprehensive is the coverage. Also, how well can you afford the insurance plan is important. Do make a mature and wise decision you should stay updated regarding the insurance agencies and new offers in the area. Cheap Condominium Insurance As you try to hunt down the cheap condominium insurance companies, make sure you shortlist only A rated companies. It is for your protection after all and you have every reason to invest generously.Interestingly, you do not have to spend much. In condominiums the insurance rates are the lowest. You get to protect your belongings and you have to pay only around $ 10 every month. This is obviously nothing if you imagine comparing it to the loss that may happen after a fire accident. It is not hard to short list the good insurance companies in your vicinity. Simply go to a search engine and your job is half done. So, to protect what you have bought with planning and care, you only have to spend a little more ad stay relieved. Enjoy what you have invested in.

Read more details about condominium insurance quotes and condo insurance quotes.

manila condominiums. According to many real estate ph experts, condominiums found in the city are the first types of condominiums in the Philippine market. Like its predecessors, such as apartment buildings and townhouses, condominiums aim to offer Filipinos a home where they can easily and conveniently access their workplaces from. This is the reason why condominiums became popular in the first place.

Because of its location, most of its residents are usually company executives, high-wage earners such as call center managers, business owners, as well as a number of wealthy families who only wished to live in a place where they can have easy access on all important places such as commercial places.

However, other than in business and commercial districts there are also other types of condominiums found in the Philippine market. Some of those are condominium complexes.

Condominium Complexes Condominium complexes are types of condominiums which cater to the needs of a growing modern Filipino family. Part of the reason why is because these types of condominiums are mostly found around the outskirts of Metro Manila.

Other than the difference in location, another difference is its structure. Compared to most condominiums in the city, which are mostly high-rise buildings, condominium complexes are usually composed of medium-rise buildings (although there are a number of condominium complexes that also offer high-rise buildings) within an exclusive community, usually resembling a small subdivision.

Because of its location, along with its exclusivity, condominium complexes became a popular type of housing for modern Filipino families.

Other Benefits In addition to its locations, there are also other reasons why condominiums and condominium complexes became popular in the Philippines. Some of those is because of its amenities, particularly its collection of facilities such as swimming pools, gyms, and sports complexes.

Condominium complexes can also offer the same benefit, with the addition, however, of facilities which cater to the needs of growing children such as recreational parks and playgrounds.

Condominiums and condominium complexes are also known to offer their own maintenance and security personnel, which is why many condominiums can assure that their living spaces are properly maintained while their security are always assured within the confines of their condominium. “>Condominiums are some of the most popular types of housings in the Philippines today. Although there are many unique benefits that condominiums can offer to its residents, such as its amenities and facilities, condominiums also became popular because of its different locations, allowing these types of housings to serve the different needs of different Filipinos. Here are some of those types of condominiums:

Condominiums in the City Most condominiums in the Philippines are found in business and commercial districts, such as the many manila condominiums. According to many real estate ph experts, condominiums found in the city are the first types of condominiums in the Philippine market. Like its predecessors, such as apartment buildings and townhouses, condominiums aim to offer Filipinos a home where they can easily and conveniently access their workplaces from. This is the reason why condominiums became popular in the first place.

Because of its location, most of its residents are usually company executives, high-wage earners such as call center managers, business owners, as well as a number of wealthy families who only wished to live in a place where they can have easy access on all important places such as commercial places.

However, other than in business and commercial districts there are also other types of condominiums found in the Philippine market. Some of those are condominium complexes.

Condominium Complexes Condominium complexes are types of condominiums which cater to the needs of a growing modern Filipino family. Part of the reason why is because these types of condominiums are mostly found around the outskirts of Metro Manila.

Other than the difference in location, another difference is its structure. Compared to most condominiums in the city, which are mostly high-rise buildings, condominium complexes are usually composed of medium-rise buildings (although there are a number of condominium complexes that also offer high-rise buildings) within an exclusive community, usually resembling a small subdivision.

Because of its location, along with its exclusivity, condominium complexes became a popular type of housing for modern Filipino families.

Other Benefits In addition to its locations, there are also other reasons why condominiums and condominium complexes became popular in the Philippines. Some of those is because of its amenities, particularly its collection of facilities such as swimming pools, gyms, and sports complexes.

Condominium complexes can also offer the same benefit, with the addition, however, of facilities which cater to the needs of growing children such as recreational parks and playgrounds.

Condominiums and condominium complexes are also known to offer their own maintenance and security personnel, which is why many condominiums can assure that their living spaces are properly maintained while their security are always assured within the confines of their condominium.

A blind man knows when the sun is shining, and even a casual observer can spot a poorly operated condominium association. A lax set of rules and regulations, perceptually poor upkeep, higher than usual percentage of rentals, restrictive pet policies, and an overall lack of cache all can negatively effect an association and may be harmful to the resale value of any given condominium within the association.

The status quo of any existing association can be difficult to overturn, but often is the first step necessary in the process of making-over a condo association. Often, new board members, rules and regulations, and budgets need to be reviewed and implemented. Money must be spent for capital improvements on an ongoing basis. Condominium buildings are like cars, fine clothes, and offspring- they all need constant upkeep for optimal performance It would be reasonable to assume that Mr.Condo Neglect has the direct phone number to Mr. Lower Resale Values- and probably has him on speed-dial.

In addition, a new outside management company can be a breath of fresh air for an existing condominium association. A new set of eyes on the management of expenses, reviewing the cost of various amenities, actively pursuing delinquent accounts, and getting new bids on big ticket items like the master insurance policy can help strengthen the effectiveness of many condo associations.

Upgrading common elements is always essential to maintaining or recapturing the cache of any given condominium building. Curb appeal, and the impressions made by some of the common elements of any give condo association do indeed set a tone, and reflect upon a buyers perception. Often times, buyers have made up their mind as to whether or not they are interested in a condominium unit, prior to even stepping foot in that unit. In many cases, you can indeed judge a book by its cover. Old for Old Sake can indeed be a strong attraction to many buyers (think Pre-War Condos), but that old had better be in tip top shape, and those decisions are made by the condo board.

A lax condominium board that doesnt enforce rules, regulations, or have a system in place to limit the ratio of tenants to owners can indeed wreak havoc on the values of condos within that association. And from time to time, that association needs to review policies that best fits the needs and goals of condo owners. Condominium associations do indeed play a role in the value of its units, and many perspective buyers will take a good hard look at how any given association is operating in order to assess the value, or lack thereof for the condo being considered.

Foreigners are not allowed to own land in Thailand in their own name but foreigners are allowed to own and buy condos in Thailand freehold in their own name. Buying a condominium in Thailand is a popular real estate investment for foreigners but foreign ownership is limited to a quota. Foreign ownership in a condominium or condominium development project is limited to 49% of the sale-able total floor area within that condominium. The remaining 51% of the floor area in the condominium must be owned by Thais.

An important aspect of a condominium purchase is the fact that the unit falls within the 49% foreign ownership quota within such condominium.

With sale-able floor area is referred to the floor area of the condo, and not the common areas within a condominium. The floor area of a condominium unit is stated in the condominium unit title deed, which again relates to the voting rights in the condominium juristic person and co-ownership in the common areas.

Condominium projects in Thailand are often sold during the construction and prior to completion of the building and issuance of the official government issued ‘condominium unit title deed’. The foreigners buying a condominium under construction in Thailand will find in the sale and purchase agreement that the purchase price is based on the square meters of such unit to be built or completed. The purchase price usually contains the condition that the purchase price will be adjusted based on the final floor area as will be measured by the Thailand land office surveyor when the unit is finished. Upon completion of the condominium building in Thailand the final floor area will be stated in the official ownership condominium unit title deed. This size is based on the official survey by the Land Department. It is not uncommon that the final purchase price is adjusted with up to 10% difference from the purchase price in the condominium sale and purchase agreement. It is important to be aware of this aspect.

The final floor area is measured by the Land Department and stated in the condominium unit title deed which is administrated and issued by the Land Department. In the Thailand Condominium Act the floor area of a condominium is referred to as private ownership and the wall dividing apartment units shall be joint ownership between the adjoining units.

Common ownership in the condominium is among other the land on which the condominium is situated, the frame structure of a condominium, the office of the condominium juristic person.

When buying a condominium in Thailand it is important to understand the legal procedure and restrictions for ownership in a condominium based on the saleable floor area.

For more information samuiforsale offers free Thailand property related legal information for foreigners.

Condominiums is one of the of the most popular types of housing in the Philippines today. Many Filipinos have come to consider living in a condominium basically because of several advantages or benefits that the other types of housing cannot provide. So what are the reasons why condominiums became so popular in the Philippines?

Why condominiums are popular
One apparent reason why condominiums became popular is because of its affordability. A condominium unit would usually cost around half the usual cost of a house or a townhouse, ranging from P500,000 Philippine Pesos to P2,000,000 Philippine Pesos. Although not as affordable as renting an apartment, buying a condo unit allows its people to achieve a more permanent residence than that of apartments.

Other than its affordability, there are other advantages to owning a condominium. However, this greatly depends on the type of condominium. Currently, there are two major types of condominiums available in the Philippines market today. One is the condominium building while the one is a the condominium complex.

Advantages and disadvantages of condominium buildings
Condominium buildings are usually found near or inside major business districts and commercial areas. The advantage of owning a unit from a condominium building is that it allows its residents to be within walking distance or mass transit distance to their work place or commercial areas, such as those found in Makati City.

The disadvantage, however, is that it can’t provide the same luxury which is usually found in condominium complexes. So what are these advantages that made condominium complexes popular?

Advantages and disadvantages of condominium complexes
Unlike the condominium buildings, almost all condominium complexes has amenities which are usually not available when buying a house, or usually found in expensive townhouse complexes. Amenities include resort facilities such as swimming pools, gyms, parks and playground equipment. However, the disadvantage of condominium complexes is that most of these are found outside cities, mostly in the outskirts or in provincial areas such as those found in Tagaytay.

Although this made it harder for residents to get back to the city, especially because of rush hour, it did provide a way for residents to enjoy a life outside of the busy streets of a city. However, according to several philippine real estate experts, there are some condominium buildings that could provide a small amount of amenity, such as indoor swimming pools and gyms.