Condominium SOP

There are two popular types of housings in the Philippines today that can offer the kinds of modern benefits that many Filipinos are looking for in a home. These are houses and condominiums. So what are the kinds of benefits can these types of housings offer that made these popular in the country?

Popularity of Houses in Today’s Modern Trends Houses were not as popular as condominiums in the past, particularly when the demand for an accessible home was apparent.

However, as demands shifted, the popularity and demand for houses had relatively improved. This is due to the growing demand for modern family-homes which led to the development of new houses in the Philippine market which can offer the kinds of modern benefits that made houses even more popular and in-demand in the country.

More Family-Oriented Environment Many of today’s new houses are not found in residential districts like most houses are typically found. Most of these new houses are now found in exclusive housing communities around the outskirts of Metro Manila or even in some provinces around the capital.

Because of the location of these new house and land for sale, these new houses can offer the perfect environment, such as its seclusion from the city, privacy and security, for growing Filipino families, making houses even more suitable as a modern family home.

New Payment Scheme But what made these new houses even more popular, according to many experts, is because of its new payment term which made houses even more popular and in-demand in the Philippine market. This is because many of these new houses can now be bought and owned, while paying for it in installment.
Modernity of Condominiums for Modern Lifestyles Condominiums became popular in the Philippines because of its many benefits which can accommodate the needs of modern Filipinos in today’s modern trends and fast-changing lifestyles. One such advantage is its accessibility to business and commercial districts.

Luxury of its Accessibility Because of the accessibility that these types of housings can offer to its residents, condominiums became a perfect home for those who normally spends more time at work rather than in their own homes.

Luxuries of its Amenities Another reason that made condominiums popular and in-demand in the market is because of its unique collection of amenities. Other than just the accessibility that condominiums can offer to its residents, these types of housings can also offer the luxuries of its amenities, including swimming pools, gyms, and sports complexes.

Because condo for sale are the only types of housing that can offer such benefits in business and commercial districts, condominiums became even more popular and in-demand in the Philippine market.

If you are in the market and are looking for a home to live on as a fresh start, you could have considered purchasing a condo. Though you may hear good things a lot about condo but there are things that every person never overlook by asking questions regarding the positives and negatives of condominium dwelling. You need to understand that there are many positive aspects which can truly enjoy a lot of which are unavailable within a single family house. You should check out a lot of the positive aspects to condominium living.

First thing and for most, people do want to buy a condo for the reason that they want to be living safely. There are lots of condo buildings provide safety services. This may consist of a gated property line with appointed guards, surveillance camera, or a building with an exterior code necessary for access. If you ever value your level of comfort and are not thinking about door to door dealer interrupting your home living, you can think of a condominium neighborhood that guards you and your property.

The good thing about condo is most of them provide exercise accessibility. They provide occupants a usage of exercise amenities. The preservation associated with these kinds of facilities usually occurs out of your condominium payment, providing you relish all of services. You dont have to go out from your condo just to go look for any fitness center outside.

Also the positive things about the condo are the less amount of work. You wont be getting frustrated in doing all the lawn work since you dont have to do lawn things anymore. Depending on the shape of the complex, you will not have to bother about mowing a yard or landscape designs. The condominium association will have to take care any of that.

If you are searching for an excellent expenditure of money that will let you eventually, on the other hand, think about searching for a condo and find the possibilities available for you new home. Make the condo you choose become as your very own home. They could give you the comfort and the security that you are looking to.

Condominiums are some of the most popular types of modern housings in the Philippines. This is because of its many modern benefits that conform to the needs of many Filipinos in today’s modern lifestyles. However, other than condominiums, there are also other modern types of residential Philippines properties for sale that can offer the kind of benefit that made condominiums modern.

Other Modern Types of Housings What made condominiums modern is because of its location, which is mostly in business and commercial districts such as Makati City. However, other than condominiums, there are also other types of residential Philippines properties for sale found in the same location such as apartment buildings and townhouses.

Both apartment buildings and townhouses have long been in the Philippine market before condominiums were introduced. So what are the reasons why condominiums became even more popular compared to renting an apartment unit or buying a townhouse unit?

Compared to Apartment Buildings Apartments are some of the most flexible types of housings in the Philippines. These can be found in many places around the Philippines, from provinces to the outskirts, to residential districts and business and commercial districts. One of the most popular types of apartment is apartment buildings.

Apartment buildings became popular in the Philippines is because of its location, which are found in business districts, while maintaining its affordability which is because apartments are normally rented.

What made condominiums more popular compared to apartment buildings is not only because of its location but also because of its amenities. Condominiums, according to many real estate experts, are the only types of residential Philippines properties for sale in business and commercial districts that can offer amenities such as swimming pools, gyms, and a full-size sports complex for their residents.

Though much more expensive compared to apartments, many wealthy Filipinos chose to live in a condominium because of its permanence in residence, while maintaining its affordability compared to townhouses. Another advantage is that many condominiums today can now be bought and paid in installment, making it more cost-efficient compared to renting in an apartment unit.

Compared to Townhouses In comparison to townhouses, condominiums are far more affordable. Another advantage of condominiums from townhouses is that condominiums are found in the heart of business and commercial districts, while townhouses are found around these business districts.

Though much more family-oriented compared to condominiums, condominiums excels in providing Filipinos with a relaxing home in the heart of busy district while allowing them to enjoy a few activities with its collection of amenities.

Deca Homes Cebu has a latest venture named Urban Homes but now it is a condominium and not just the typical townhouses and housing projects. It is located at Mandaue city, Cebu Philippines. Matter of minutes away from SM, Ayala, IT Park and various attractions in Cebu. This is actually the very first time that the 8990 Real estate Development Association ever develops a condominium product.

Even though their not used to Condominium development nevertheless its decades of experience in structure purely demonstrates that this can be a remarkable residential construction. Regarding this hottest condominium project, Let me go over the many benefits of Condo Dwelling.

Five Benefits of Living in a Condominium

1. Safety – Many condominium include modern basic safety technology including CCTV Camera, Fire Safety Features, Crisis Response System, 24×7 Security patrols and a guardhouse, and so on.
2. Lesser Maintenance Cost – Comparing with a traditional Houses and lot, condo lifestyle is significantly cheaper in maintenance. In a condo, one can have most of the safety and security procedures earlier talked about in a really little monthly payment. You can save funds from paying a cultivator in maintaining the beauty of your garden. Condominiums are also less vulnerable to BURGLARIES and GRAFFITI.

Let us take a look at an example calculation on how much could you save on security officer wage:
Security Officer (One Shift / day = 8hrs) – P6, 000 to P10, 000 a month
24hr security = 3 Changes of Guards / day – P18, 000 to P30, 000 every month

3. Leisure and entertaining – Condo’s have several resources: Pool area, Play areas, Clubhouse, Function rooms, Fitness gyms, and so forth .. Consider what amount of cash you will have to invest to possess all of these facilities if you place it in a house and lot.
4. Convenience and comfort – When you reside in a condominium you have diligently crafted lobbies and maintained landscapes. And a standby electrical generator system which offers 100% backup electric power generation. 100% which means that during electric power failure, not alone the lobbies should have lights but the entire building are going to have energy.
5. Life style Alternatives – This is actually the meat of condominium dwelling. It is all about lifestyle. You possibly can reside one or two blocks away from your favorite hangout bars, cafe’s, diners without having to worry for high traffic.

Condo is suitable for foreigners in the Philippines mainly because they can acquire the unit 100% through a condo title. In contrast to house and lot which they don’t hold the right to own. Except when they’ve got a Filipino other half, however the title will likely be in the name of the Filipino. This is certainly one reason why Deca Homes Cebu is now leading towards condo building.

Is there any sort of on a monthly basis payment in Condominium Living?

That’s right there is! Around the Philippines they it is known as Condominium dues. This is basically the cost for the maintenance of the entire structure. Regular condo dues within the Philippines are around 40 to 80 pesos for each and every sq . meter. Therefore, if your condo unit has a total floor area of Thirty Sq . meters and the condo dues is Forty pesos per sq . meter, your regular monthly expense will likely be Php 1,200.

That’s it! I really hope I have assisted you a little bit on this post and so I wish you success in selecting the most suitable condominium unit on your behalf.

What is the best type of modern housing in the Philippines? In today’s rapidly changing needs of many Filipinos, modern types of housings such as condominiums and apartment buildings proved to be very beneficial for their needs. So what are the benefits that these types of Philippine real estate can offer to their residents in today’s modern lifestyles?

Advantages of Modern Housings: Condominiums and Apartments Apartment buildings were known as one of the most popular types of housings in the Philippines due to its location. Unlike other types of apartments, most apartment buildings are found in business and commercial districts, either near or within these locations. And it was because of this that many Filipinos found a way to easily access their workplaces from their homes.

However, other than apartment buildings, condominiums are also found in these locations, which can also offer the same accessibility that apartment buildings became popular with. But what made condominiums more popular compared to apartment buildings is its amenities.

Luxurious Amenities of Condominiums Other than the location, condominiums are also known to offer other luxuries such as their own gyms. According to real estate experts, part of what gave rise to condominiums in today’s modern trends is its amenities such as gyms.

There are also a number of new condominiums in the Philippines that can offer their residents a new set of amenities other than gyms, such as an indoor swimming pool as well as a full-size sports complex. Their aim is to offer their residents activities where they can unwind after a week’s hard day’s work.

Affordability of Apartment Buildings One of the main reasons why apartment buildings are still popular in the Philippines is because of its affordability. Filipinos which cannot afford to live in a condominium unit usually ends up renting an apartment unit. However, other than its affordability, there are also a number of new advantages of living in an apartment unit which made it popular in the market.

A number of new apartment units, such as the one/two/three bedroom apartments, became popular among many modern Filipinos because these types of Philippine real estate are not only affordable, but it can also provide a suitable home for a Filipino family.

New Condominiums in the Market There are, however, a number of new condominiums in the market that allows more Filipinos to afford to live in a condominium unit. This is because many of these types of Philippine real estate can now be owned and paid in installment, making it more available for Filipinos who usually can’t afford to live in a condominium unit due to its expensiveness.

There are actually many people who dreams of having a home near a beach. This is a very nice environment to stay and even to start a family. This is why there are a number of famous individuals that have properties such as a Miami Beach condo. Thus, of you want to engage in the business of selling condominiums in the area, thus this may be a good opportunity for you.

The Miami Beach condo is a kind of property that is easily sold in the market. The reason behind this is that the condo is near the beach and there are many people who are interested in this kind of property. But as there is high competition for this kind of market, you should be able to provide quality offers to the prospective customers. You should be able to give them what they want and keep them satisfied with it. As you may not have a difficult time searching for the people who may be interested, you should also make them buy the properties. You can do this through giving him the advantages of the deal. Also, you can have a comparison of the Miami Beach condo and the residential homes. You can give him choices that are beneficial for the property that you are selling.

Primarily, a Miami Beach condo is preferred because you can be more secured living in it. Aside from the personnel for the security, there are also house cleaners so you can be assured of your property is well maintained. Also, if you buy a property, there will be an option if you prefer to have the properties that you need as a part of the condo or you would only need the property and you can already provide with the other needs concerning the fixtures in your home.

The Miami Beach condo is a good business. You have a good location and there are many people who are interested in it. The tourists may want to have a property to stay in when they are in the area or some small families may want the property to stay in. As a seller, you should be able to clean the house and make it look appealing. You should do this to attract more people into the business and to make sure that you have checked most of the services that you can offer to your client.

In this kind of business, you might need some help from an agent so that it would be easier for you to sell them without getting too tired of doing so. You can hire an agent but you still have to ensure that the property is at its best condition in case you have an interested client visiting the property.

Eliza Maledevic Ayson
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According to many Filipinos, condominiums are some of the most popular and modern types of housing in the Philippines. Part of the reason is because many of its necessities and benefits are those which are in-demand in the market, particularly in today’s modern lifestyles. However, these necessities and benefits are divided into two different types of condo in Philippines.

Condominiums According to many real estate experts, A condominium, or condo, is the form of housing tenure and other real property where a specified part of a piece of real estate is individually owned while use of and access to common facilities in the piece such as hallways, heating system, elevators, exterior areas are owned by all the condominium owners.

Although condominiums were only recently introduced in the Philippine market, it steadily became popular among many Filipinos, particularly because of the first type of condominiums introduced in the Philippines, which are those found in the city.

City Condos At first, apartment buildings were known as one of the most popular types of housing in the Philippines, partly because of its affordability as well as with its accessibility to business and commercial districts. However, when condominiums were introduced in the Philippine market, the demand for apartment buildings fell because of condominium’s popularity among many Filipinos.

Because these types of housing can offer a much more permanent residence compared to renting an apartment, these types of condominiums steadily became one of the most popular types of housing in the Philippines. However, other than just its permanent address, these types of condo in Philippines are also known for its accessibility to business and commercial districts, giving Filipinos the advantage of living within walking distance to their workplaces as well as other popular entertainment areas.

Another major advantage of living in these types of condominiums is its maintainability and security. Because of its maintainability, residents can always feel the luxury of living in a high-class and modern housing, which is normally perfect for their lifestyle. Its security, on the other hand, allows their residents to feel safe. Most condo in Philippines are even known for its high security. This is because most of their residents are of high stature such as wealthy families as well as company executives.

The disadvantage of these types of housing, however, is that these normally lack the necessary facilities needed by a growing child, such as wide open spaces, playgrounds, recreational parks, and many others. This is the reason why a new type of condominium were founded in the Philippines known as condominium complexes.

Condominium Complexes Condominium complexes are similar to townhouse complexes, which are popular types of housing in other Asian countries, such as in Hong Kong. These types of condominiums are known to offer the peace and relaxation in which city condominiums lack, such as wide open spaces and recreational parks. Because of this, condominium complexes became a very popular type of modern housing for the modern Filipino family.

In addition to its recreational parks, many condominium complexes can even offer swimming pools, gyms, playgrounds, as well as full sized sports complex in which residents can freely and exclusively enjoy.

Off plan condominium purchase in Thailand means buying a condo in a planning stage or a condominium not yet fully constructed. The standard payment schedule found in an off-the-plan sale and purchase agreement of a condominium in Thailand is:

1. a reservation agreement with a reservation fee of 100,000 baht (approx 3300 USD)
2. a deposit of 10 to 20% of the purchase price on the execution of the condominium sale and purchase agreement
3. periodical installments during the construction of the condominium with a final installment of 1/12th to 1/20th of the purchase price upon transfer of ownership of the condominium.

Who to pay to?

Paying in escrow for a condo in Thailand means that payments are made to an Escrow Act licensed third party financial institution or bank that will hold the deposited monies till the conditions of the condominium sale and purchase agreement have been met, depending on the contract. The use of escrow services in Thailand for property purchases is not common!!

Generally developers in Thailand DO NOT offer escrow payment arrangements. Property developers in Thailand are under the Escrow Act or new Condominium Act and Condo Act regulations NOT required to offer escrow agreements to consumers. Property developers in Thailand are free to require deposits and installments in agreements without offering any protection for the purchaser payments. There is no legal protection structure in place for realty buyers. This part simply depends on the agreed and accepted contract terms and conditions between the seller and purchaser. If the buyer pays directly into the developer’s account this is an accepted risk he as the purchaser takes.

In 99% of the property development projects in Thailand the purchaser makes the payments directly to the developers bank account. Obviously payment made directly to the developer, as opposed to payments made in escrow, carries some serious financial risks for buyers in case of default by the developer. They risk loosing all. In addition, pre-paying the development, the buyer looses all leverage in case of delay or poor workmanship. At the time of completion the buyer has paid up to 95% of the purchase price and the developer is in a much stronger position and can simply refuse transfer of ownership to the buyer.

The developers company

The standard payment schedule by which the purchase price is paid directly to the developers bank account during the construction or even before the start of a condominium project carries risks of losing your payments in case of default or bankruptcy of the developer.

An important part of this arrangement is the developers company. Is it a large SET listed (Thailand stock exchange) real estate developer or a limited liability company with a low share capital and a poor track record? Limited liability for the developer means limited liability and in case of default there is for the buyers little chance of getting any of the payments back.

The Condominium Act supposed to protect the interests of the buyers of condos in Thailand but does not require the establishment of escrow arrangements in an off-plan condominium development.

Paying directly to the developer in Thailand is taking a risk.

What is the best type of housing in the Philippines today? According to many Philippine real estate experts, some of the best types of housings in the Philippines today, in terms of demand and popularity are houses and condominiums.

Houses have always been one of the most popular and in-demand types of housings in the Philippines, even though these types are considered as traditional, while condominiums have steadily risen in the market as a new comer, and is now considered as one of the most popular modern housing in the Philippines. So which of these types of housings are the best?

Popularity and Demand of Houses The reason why houses are still one of the most popular and in-demand in the Philippines is because of its affordability. Compared to condominiums, houses are far more affordable, which makes it more available for many Filipinos, particularly because not all Filipinos can afford to buy a condominium unit, or any other types of housings in the Philippines.

Many new types of these types of residential Philippine real estate are also known for its new benefits. According to many Filipinos, these new houses can be bought and paid in installment, which is more affordable and cost-efficient compared to renting an apartment.

However, other than its affordability, houses are also known for its other benefits. One is that these are perfect for a growing Filipino family compared to living in the heart of the busiest districts. The other reason is that these types of housings are the only types of housing which is appropriate as a retirement home or as an ancestral home.

However, the disadvantages of houses is its location, though near enough for its residents to access central business and commercial districts, residents would still go through the usual hassles of rush hour, which is unlike that of living in a modern type of housing such as a condominium.

Modern Benefits of Condominiums Condominiums are considered as one of the most popular modern housing in the Philippines. This is because of its many benefits that conform in today’s modern lifestyles. One of its most apparent advantages is its location.

Most condominiums in the Philippines are found in business and commercial districts. Because of its location, these types of housing can offer their residents the luxury of living within walking distance from their workplaces as well as other popular entertainment places.

However, other than those condominiums, many new condominiums are also found in the outskirts or even in the provinces. These new condominiums are known as condominium complexes, a type of condominium which aims to offer modernized housing for modern Filipinos.

The disadvantage of these types of residential Philippine real estate is its cost, which is very expensive compared to houses. In addition to its expensiveness is its month condo fees in which residents are obligated to pay.

If one were to ask a bunch of Chicago locals which is the ideal neighborhood or area for buying apartments in Chicago then you would get a bunch of different answers. There is nothing surprising about it because the answer to such a question is a matter of personal preference and hence it would differ from one person to another. Nevertheless, one cannot deny that the Windy City does have some very amazing condominiums and apartments for sale. Thus, you can take a look at some of the popular options to see which condominium for sale you should opt for.

Chicago, also known as the Windy City, is renowned for its food, music and sports team. One can witness a multitude of cultures here and the beauty is that they all blend seamlessly into the fabric of life. Based on what your interests and preferences are, you can start off your quest of looking for apartments in Chicago that are on sale. You can also go for a condominium for sale if condos are your cup of tea. One of the most populated neighborhoods in Chicago is the Wrigleyville – it has a very vibrant nightlife to offer to its residents. Thus, this area is perfect for party lovers.

Just in case you are not really into the whole idea of dancing the night away, but you are a big foodie then look for an apartment or condominium for sale in Lincoln Park or Lakeview. These neighborhoods offer great apartments in Chicago and there is also a host of great eats here offering a multitude of cuisines, from Chinese to Italian. For apartment hunters looking for urban high-rise neighborhoods, it would be ideal to go with downtown or The Loop. Living in downtown Chicago offers great perks, for instance, one can get direct access to sporting stadiums where the Bulls and the Bears play.

Apart from Wrigleyville, downtown Chicago is another preferred choice of people when it comes to getting a condominium for sale or an apartment. This area offers endless fun, entertainment and amusement with its stores, restaurants, museums and tourist spots. Another great area to look for ideal apartments in Chicago would have to be the northern side of the city or Gold Coast to be precise. Since the Gold Coast is situated on the lakefront, therefore one can gain access to art galleries. It goes without saying that this part of the city is great for art lovers.

Occupying its southern flank are places of interest like the University of Chicago, the Washington Park, the Chicago White Sox and many more is another area where one can look for a condominium for sale. The population in this part of the city mostly comprises of students and families. For families with children, it is important to look for apartments that are situated in an area with a lot of schools, so the southern side would be perfect in this case. The apartments in Chicago in the southern side are affordable, so your objective should be to strike a good deal.

Thus, mentioned above are some of the areas where you can hunt for apartments in Chicago. However, bear in mind that just the location and surrounding areas of interest are not good enough to help you decide whether or not you should purchase the condominium for sale in question. You need to also take into consideration the proximity of the apartment to major facilities like public transport and healthcare not to mention water and electricity. It is only after you have considered all these factors that you can go ahead and make your final decision.