Condominium SOP

There are many popular types of Philippines properties for sale in the market today, and some of the most popular, according to many experts, are residential real estates. One of the most popular types of housing today, according to these experts, are condominiums.

The Rise of the Condominium Industry of the Philippines Compared to other types of housing other than the typical house, such as apartments and townhouses, condominiums were only recently introduced in the Philippine market. However, it quickly gained a lot of popularity because of a number of benefits in which many Filipinos have take advantage of, such as its location.

Advantage in Location According to many real estate experts, the first reason why these types of residential Philippines properties became popular is because of their locations, which are normally found in business and commercial districts.

Because of the accessibility it offered to its residents, many Filipinos found these types of housing modern, particularly because it gave them the necessity they were looking for, which is the luxury of living within walking distance or mass transit distance to their workplaces, allowing them to avoid the hassles of rush hour.

Other than the luxury of its location, condominiums are also known for its other luxuries, such as its maintainability as well as high security.

Advantage in Maintainability All condominiums are known to hire their own maintenance personnel who assures the functionality of other facilities found in the condominium, such as its cooling systems and elevators, as well as its hallways, garage, storage areas, the lobby, as well as its recreational facilities (if there is any).

Advantage of Security Another advantage of living in a condominium is its security. Because most if its residents are of high stature, such as wealthy families as well as company executives, these condominiums are mostly heavily guarded, to assure the safety of their residents from any harm.

Advantage for the Family Although not all condominiums are known for its family-oriented environment, particularly the condominiums found in business and commercial districts, a number of new condominiums were established around Metro Manila which aims to offer the best environment for the family. These types of residential Philippines properties are called condominium complexes.

Advantage in Luxuries In addition to its family-oriented environment, condominium complexes are also known for its amenities such as swimming pools, gyms, recreational parks, and playgrounds which add to its luxurious atmosphere.

Disadvantages of Condominiums Other than its advantages, there are also a number of disadvantages to condominiums. One common disadvantage is its expensiveness, even with condominium complexes. Another major disadvantage of condominiums is its condo fees, which are normally paid for the whole maintenance of the condominium as well as wages for its hired personnel.

For condominium complexes, the disadvantage is its location, which is normally found in the outskirts or even in provinces. Because of this, residents may find it harder to get back to their workplaces compared to living in a typical house found in residential districts of nearby cities.For more information visit to our site at http://www.avidaland.com

Condominium Insurance
Are You Really Insured?

Are you properly insured against fire, theft or water damage to your condominium or townhouse? If a disaster strikes, who is going to repair the damage? Will your condos insurance cover damage inside the condo or is that up to you?

You may need to get what is known as an HO-6 policy. This type of insurance protects you – the owner of the condo or townhouse and makes sure that your home gets returned to its proper condition following a disaster.

When most people first buy a condo or townhouse they call their insurance agent, explain they are purchasing a condominium unit and that they need to provide proof of insurance to their lender. The agent then supplies proof of insurance for the mortgagee in the form of a Certificate of Insurance or some other Proof of Insurance and the transaction is complete. Usually that proof of insurance relates to the condominium association master policy, not to your personal condo unit.

In most cases, however, there is large gap in coverage for the interior of your condo. Most condo association master policies just cover the exteriors and common areas. If you, the condo owner suffer a loss, you most likely will be underinsured or not insured at all unless you had an HO-6 policy.

In order to fully determine the adequacy of your coverage, you and/or insurance agent need to review the condominium master policy and the condominium governing documents (CC&Rs). It is possible your condominium has walls-in coverage on their Master Policy (now required by Fannie Mae). However, this may be a false sense of confidence in the coverage as walls-in coverage would likely be limited to replacing the interior fixtures with what was originally installed.

So, if you have a 30 year-old condo that was upgraded recently with granite counters, custom cabinets, marble flooring, dual-paned windows, etc., then you would only be paid to replace the original fixtures formica counters, green shag carpet, low-grade cabinets and single-paned windows. However, an HO-6 policy with replacement cost coverage would assure you that you have coverage for what you had at the time of loss. Just as important, the HO-6, in Coverage, A will probably insure the condominium association master policy deductible if it is assessed to the unit owner.

Even worse would be to discover your condominium association only had a bare walls policy. This means that you have absolutely no coverage for anything inside your unit. If you suffer a loss, you would essentially be without coverage unless you also had an HO-6 policy.

Bangkoks property market shows no signs of slowing down in terms of new construction of condominiums as projects along Sukhumvit Road, a top Skytrain route, continue to be launched. The route from the Phloenchit intersection to Sukhumvit Soi 55 or Thonglor is seeing high competition among property developers as they have launched condominium projects worth more than Bt100 billion, with more than 10,000 units.

Since last year nearly 100 projects have been launched in the area by both listed and non-listed property firms. Construction will be complete between the end of this year and 2013, according to a survey by The Nation newspaper last week. Examples are The Clover Thonglor, Le Lux & Sky Walk condominium, Ivy Thonglor, The Trendy Condominium, Noble Phloenchit, Ideo Morph 38, and Aequa.

Condominiums along this route are priced between Bt80,000 and Bt200,000 per square metre.

Luxury residences priced at over 150,000 baht ($5,000) per square metre are located between the Phloenchit intersection and the top of Sukhumvit Road between Sois 1 and 10. From Soi 10 to Soi 55, prices range between 80,000 and 150,000 baht per square metre.

One-bedroom units with a total space of 45-60 square metres are the most popular in this location.

Noble Development president Thongchai Busrapan said that after bookings for Noble Ploenchit opened from June 19-22, the company achieved presales worth Bt7.2 billion, or half of the total project value of Bt14 billion.

“Although this location has high competition, our project is freehold, which is difficult to find in this area, where most projects are for long-leasehold contracts,” he said.

Demand in this location is sufficient to absorb the high number of condominium launches, according to a survey by the Real Estate Information Centre. Since the Skytrain opened in 1999 the whole Sukhumvit area has grown quickly in terms of high-end condominiums and also serviced apartments and hotels. In addition to the condominium projects under construction there are also several five-star hotel currently being built on Sukhumvit Road.

In 2011, the total number of residential units available for sale in Bangkok was 130,282 which included single houses, semi-detached houses, townhouses, condominium units, commercial buildings and land allocated for housing. These projects were not sold out and currently have no problems but at the time of the survey the total units had not been sold and most of the residential projects were only launched shortly before the survey.

Growing demand in this area from both local and foreign buyers who live in Bangkok has driven condominium prices 10-20 per cent higher than their presale prices, depending on how close they are to Skytrain. For example, Ficus Lane on Sukhumvit 44/1, which was priced at 50,000 baht per square metre when introduced in 2005, now sells for 110,000 baht per square metre.

Condominiums on Soi Thonglor that recorded presale prices of about 100,000 baht per square metre now go for more than 120,000 baht per square metre. Condominiums on Soi Ruamrudee priced at 40,000 baht per square metre five years ago have now recently recorded sales at Bt120,000 per square metre.

Condominiums, or usually known as condo units or simply condos, are beginning to become very popular among the people as well as one of the many popular Philippines properties for sale today. This is because, compared to owning a house, condo units are more beneficial, especially for those that have only started a family or for single (non-married) people. So what are the factors that made condos very popular Philippines properties for sale compared to buying their own houses? And what are its disadvantages compared to owning a house?

Advantages of buying a condo unit

Location
One practical reason why condo units are popular is because of its location. Typical condo units Philippines properties for sale today are located on key parts of the country, such in business districts and other popular parts of the country. This way, people could get a chance to avoid and hustles of rush hour.
Maintainability
One key factor that made condo units popular is its easy maintainability. Unlike owning a house, condo units are usually maintained by paid staff of the condominium, making sure that every corner of the condo is properly maintained as well as the garage. For single (non-married) people, particularly those busy ones, would benefit greatly from owning a condo unit.
Cheaper
Compared to buying your own house, condo units are far less expensive. This makes it easier for small families to start on their own.

Disadvantages of buying a condo unit

Monthly fees
Unlike owning a house which is usually a one time payment, monthly fees are commonly required for people owing a condo unit. These fees are required to properly maintain the whole condominium, such as for repainting, maintenance, as well as for the wages of the maintenance and security personnel. Fees charged for the maintenance are different from one condominium to the otherwould usually range from 500 Philippine Pesos to 1500 Philippine Pesos.
Restrictions
Unlike owning a house, condo units are usually run under several rules and regulations, such as owning a pet or choosing what cable network or internet service provider that you want. Another is with renovations. Some condominiums require that tenants that would like to do renovations with their condo units would have to pass first with the committee or with the condominium board of members.
Not suitable for big families
Unlike houses, condominiums are much smaller, which makes it not appropriate for bigger families. Also, some condominiums don’t allow children on their units, as well as the number of tenants in one unit.

A lot of condominium developments have limitations on having house animals, and it really is hard to get interpersonal events due to the insufficient area. Moreover, the capability to alter the structure of the location is quite restrained. With most of these disadvantages, it’s not hard to ask yourself what the point of getting a condominium.

What would make a condominium unattractive to some customers is precisely what would make all of them great houses pertaining to other people. Such as, the tiny block footage as well as lack of a lawn can make condo properties excellent for those who cannot invest all his time about maintaining and preservation. Specifically good with regard to senior citizens in addition to people that have restrained mobility, condominiums demand a reduced amount of work to take care of compared to other forms of properties.

Acquiring neighbors live on top of, next to, and down below you’ll be able to increase residents’ thoughts of safety in the building. In a single family home, there may be a substantial good sense of getting alone, which leaves a lot of people experiencing singled out and weak. For individuals who tend to be nervous with regards to becoming completely independent, obtaining neighbors within arms’ attain could be a good convenience.

Condominiums are outstanding with regard to beginner home potential buyers and all those over minimal finances. Condos are likely to be less expensive compared to unattached houses or maybe townhouses, which often can make all of them obtainable to a considerably much larger portion of the society. Potential buyers would you normally become unable to purchase a home can certainly build-up justness and create a strong fiscal purchase if they obtain a condominium. Moreover, the budget of condominiums allows potential buyers to get property in pricier locales where construction costs are beyond reach.

If finances are not a problem, subsequently think about the benefits of residing in a luxury condominium development. The majority of aspect 24-hour safety and facilities for example pools, exercise centers, in addition to rooftop decks for summer entertaining. With current style and lovely vantage points of the urban center, high-class condo properties generally offer potential buyers an improved regular of residing than they would locate in a regular residence.

Younger pros, partners, pensioners, in addition to very first time that potential buyers tend to be fascinated by condo properties on account of their decreased preservation and good costs. Lots of people are in addition fascinated by the truth that condo properties tend to be found near to urban center facilities, so they are capable to take pleasure in the attractive city life-style. Eating places, galleries, purchasing, and amusement choices are all attainable of a downtown condominium. Commuting to work is fast and quick thanks to the considerable commuter network present in most important metropolitan areas.
Condos are not at all for all of us. If you have a huge family or like to invest time in the lawn, you happen to be in all probability far better suitable to an unattached home.

Because of the fact that a lot of condo developments are easily built near every significant website including schools, office buildings, supermarkets, churches, parks, and transport channels.

A vision condominium is clean and broad, while offering breathtaking view of the whole world outside your personal little planet. The area is warm and hospitable towards locals and foreigners alike. It is really a major concern if you’re searching for an excellent condo dwelling experience. Whenever some people wanted the flexibility to select colour scheme, beautify and style the rooms of their particular condominium unit, others prefer a fully furnished one. Luxurious condominiums give its customers both choices.

Still another vital importance is the place of the condo. When it is built in a tourist area, or possibly a melting pot, then it would surely be perfect! Diversity of tradition is always intriguing, plus it provides the additional benefit of worth appreciation if some time come whenever you decide to offer your device for a new one. If you are going to be away on a vacation and if you aren’t prepared to market it however, then maybe you’re able to hire it out to vacationers. You’re able to create truly attractive income from doing this.

Envision how easy it might really be to make the journey to work (or college) or to dash towards the supermarket if you leaped out of some materials. In sense, condos are mostly fine looking, with fashionable types including neo – Asian to Mediterranean to ultra modern, even futuristic. It is so nice to really go home to your own loved ones within your lavish condo after a exhausting day. You could view the sky vue condo floor plans here to get an idea what it will be prefer to live in one!

Exactly what is a luxury condominium like? Despite the differences of the people’s style and fashion, each of them seem to concur in the calibre of perfect condo and residence community. Why do you think folks should select for a extraordinary and luxurious condominium? Other than its closeness to key places, it has lots of verdant greens that are calming, calming, relaxing. The ambience is inviting and enjoyable, as well as the whole neighborhood is guaranteed at all instances. It’s disaster management in addition to fire protection techniques.

Luxurious condominium community should have a good mixture of city and rural elements. You get the character vibe right within the heart of the city. There are practical conveniences. Gymnasium, cabanas, pool, and clubhouse are conventional. Additionally, there are jogging paths at which you can have rejuvenating morning jogs and also a field for activity activities such as tennis / badminton, basketball, and the wants. Cycling paths are beginning to get in style, too. They have a well-tidy parking area. The infrastructures are of great quality.

Contemplating each of the things discussed, a luxurious condominium is actually a location you could phone your safety; it is your own small nirvana; a location where you really need to become.

Condominium conversions have had long identified their multiple selling points. Nobody really worries about the kitchen they have though. The kitchen is the least important part of the house for them. The kitchen is neglected as these families don’t have time for it. There are many companies who now have special packages for families living in condominiums to go ahead and get their kitchens enhanced, with progressive characteristics which give the kitchen many new features, whether the family needs an electronic chimney, slider cabinets, refrigerating solutions or whatever.

The most important step, as claimed by a company which sells cabinets and other storage systems, is to bring in more light inside the kitchen to make it more appealing to the family. If you want to make the most out of the spaces in your condominium, many renovators have come up with a technique in which your kitchen wall is bought down and a neat counter is placed in its place and the outside of this counter can be fitted with a custom entertainment centre which can be made into your living room. Among many others, such a counter serves four objectives.

The four goals are mainly the availability of new storage space and workspace which are very important in an otherwise small condominium along with improved lighting of the kitchen and a fully maximized view of the lake. Space being among the premier constraints in a condo, there are many solutions available to the storage woes in the kitchen. To increase the storage space of the kitchen, the experts are offering state of the art devices to store coffee pots, pantry compartments inside your walls and cabinet doors which open to reveal your washers and dryers among other things.

Among other space saving devices, there are chopping blocks, ironing boards and dining tables which are employed by a lot of families in their condominiums. Tilt out waste baskets and vegetable drawers along with serving trolleys are among some of the other modifications in the kitchen which are catching up. These solutions are very effective as they can be concealed and away from eyes of the family and visitors.

Renovating the condominium kitchen not only enhances its appearance and functionality, it also creates a certain distinction within this and all the other condominiums and qualifies it to fetch a higher resale value in future. If you want your kitchen to better than everyone else’s in their condominium, you must consider getting it refurbished. The owner should properly be satisfied regarding the quality of the work and the second most important factor should be the choice of modification.

The most amiable thing about kitchens is what this is. When it comes to up gradation, food and money go hand in hand; both are guaranteed by proper modification of your kitchen.

Condominiums are one of the most popular and in-demand types of housings in the country today. Part of the reason why is because condominiums can offer the luxury of accessibility in which many Filipinos today are looking for to make it easier and more convenient for them to access their workplaces.

However, due to increased demands for a type of home where Filipinos can raise a family, many new condominiums were introduced in the Philippine market which catered to the needs of a growing Filipino family. These types of condominiums are known as condominium complexes.

Condominium Complexes: Family Condos Condominium complexes are types of condominiums which are mostly found outside the city, mostly around the outskirts of Metro Manila or even in the provinces. Similar to subdivisions, condominium complexes are walled communities built with mid-rising to high-rising buildings.

However, similar to condominiums in the city, condominium complexes are also comprised of different condo units which are individually owned by separate owners. However, there are a number of differences between condominiums in the city and condominium complexes other than just its location.

Family-Oriented Environment One reason why condominium complexes were developed is because it aims to offer a home where Filipinos can raise their own family. This is by offering them a suitable environment for their growing children, wide-open and secure spaces, as well as facilities which can accommodate their growing needs.

Facilities In addition to its family-oriented environment, these types of residential real estate in the philippines also became popular because of its collection of amenities, particularly with its facilities. Similar to condominiums in the city, such as the many manila condominiums, condominium complexes can also offer swimming pools, gyms, and sports complexes.

However, other than these popular facilities, condominium complexes can also offer a number of different facilities which can accommodate the growing needs of children, such as recreational parks and playgrounds.

New Payment Terms Like many other new condominiums available in the Philippines, a number of new condominium complexes can now also offer a new payment terms which will allow many Filipinos the chance they needed to live in these luxurious homes. This is because these new houses can now be bought and paid in installment.

Disadvantages of Condominium Complexes There are, however, a number of disadvantages of condominium complexes. One is because of its location, which is too far from business and commercial districts. This made it more complicated for residents to get back to their jobs or their businesses.

In addition to that, condominium complexes’ monthly dues or condo fees are usually more expensive compared to that of condominiums in the city. This is because condominium complexes are known for its many maintenance and security personnel, along with the maintenance of its many facilities.

There are two popular types of residential Philippines properties for sale today that can offer the kinds of benefits that many modern Filipinos are looking for in todays modern trends. These are condominiums and houses. Condominiums are known today as some of the most popular types of modern housings in the Philippines, while houses remains as one of the best traditional types of housings for traditional Filipinos.

What made Condominiums Popular? Some of the reasons why condominiums became popular in the Philippine market is because of its benefits which conform in todays modern trends, such as the luxury of its accessibility to key locations in the country, such as in business and commercial districts.

Because most of these types of residential Philippines properties for sale are found in business and commercial districts, residents are commonly offered the luxury of living within walking distance or mass transit distance from the workplaces, allowing them to avoid the usual hassles of rush hour in the morning. But other than its location, there are also other reasons why condominiums became popular and modern in the Philippine market.

Condominiums, according to real estate experts, are the only types of modern housings that can offer amenities for its residents, such as indoor swimming pools, gyms, or a full0-size sports complex complete with basketball, volleyball, and badminton courts. Because of these amenities, condominiums quickly became even more popular among its major competitors, such as apartment buildings and townhouses. However, other than in the city, there are also other condominiums found outside Metro Manila, and these types of condominiums are known as condominium complexes.

Condominium complexes are types of condominiums that aim to offer Filipino families with modern housings, particularly with modern benefits. Because of its location, condominium complexes are known to offer the environment suited for a growing child, as well as facilities that can help them in their growing years such as parks and playgrounds.

What made Houses Popular? Although houses are not as popular compared to condominiums in terms of providing the best modern housing in the Philippines, there are still a number of reasons why these types of housings became popular and in-demand in the Philippines. One of those is because of its affordability. Compared to condominiums, houses are far more affordable.

However, there are a number of new houses in the market today that can offer the kind benefits that made condominium complexes popular. Because most of these new residential Philippines properties for sale are also found around the outskirts of Metro Manila, as well as in exclusive housing communities, many Filipinos found these new houses suitable for their needs as well as with the needs of their family.

However, what made these new houses even more popular is because of a new term of payment, in which these types of housings can now be owned and paid in installment, making these types of housings even more affordable compared to renting an apartment unit.

Some of the most popular types of housings in the Philippines today are condominiums. Part of what made these types of housings popular is that it gave many Filipinos the kinds of benefits they were looking for, such as the accessibility to business and commercial districts.

In addition to the luxury of accessibility that most condo in Philippines is known to offer their residents, there are also a number of condominiums in the market that can offer a different set of advantages to its residents, one of which is giving them the environment suitable for their growing children.

The Disadvantage of Condominiums in the City The main advantage of most condominiums found in the middle of a business and commercial district is the luxury of its accessibility, allowing its residents to easily and conveniently access their workplaces while avoiding the usual hassles of rush hour in the morning.

However, the disadvantage of these types of condominiums is that it lacks the necessary environment as well as facilities which can accommodate the needs of a growing Filipino family. Although it can offer a spacious unit, which is enough to accommodate a family of 3 or 4, as well as facilities like swimming pools, gyms, and sports complexes, these types of condominiums are still not enough to accommodate the needs of a growing child, such as the need for secured wide-open spaces for running and playing, as well as parks and playgrounds where they can exercise their freedom as a child.

Because of this, a new type of condominium was introduced in the Philippine market which aims to offer an environment suitable for a growing Filipino family. These types of condominiums are known as condominium complexes.

The Benefit of Condominium Complexes The main benefit that made condominium complexes popular in the Philippine market is because of its location, in which these types of condominiums are mostly found around the outskirts of Metro Manila as well as in some popular provinces around the district.

Although at a disadvantage in terms of accessibility, these types of condominiums became popular among many modern Filipinos because it can offer an environment suitable for their growing children.

According to many Philippine real estate experts, some of the most popular benefits that these types of housings can offer that made it a popular modern home for a Filipino family is because of its secured wide-open spaces, its serenity due to the fact that these locations are secluded from the city, as well as with its facilities that caters to the needs of growing children, such as recreational parks and playgrounds.

Because of these, benefits, condominium complexes quickly became a very popular type of modern housing in the Philippines in terms of providing a suitable home for a growing Filipino family.