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5 Tips for Workers Who Rent Condo Units in Makati City

One of the busiest financial district in the Philippines is the city of Makati. One proof of that is that there are 189 Condominium buildings in the city. Wherein most of these condominiums are used in business offices and home properties. According to the PSA, the city has a 93.4% employment rate in 2015, which clearly shows its active work force.
The city is highly developed and workers from the surrounding provinces are finding their own way on how they can save more of their income and to bring home more for their family. Although the salary grade in the city is much higher than in the provinces, but the cost of living is much higher too. That is why saving money is the first dilemma of the non city residence workers. Most them live or stay in condos in Makati to save as much as they could compare to daily transport fare that would rise up higher compared to renting a unit nearby the place of their work. Daily commuters are suffering from traffic, tiredness, fatigue, and expensive …
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Towards the Capital: An Analysis to Rural-Urban Migration in the Philippines

Living in the city always has a tempting appeal for those who grew up to the simple life of the country side. Each year, the number of people who are moving towards the city only seems to increase. It is not new to hear someone leaving the comforts of the provinces to seek for a greener pasture in the concrete fields of the urban. We have heard their stories a lot. Some have been immortalized in many primetime drama shows and movies. Some may be aiming for a corporate job and work their bones off ‘til they are able to afford a Condo Unit in Cubao or a house and lot in some executive village. There are those who just want a change of phase or change of scenery. And then there are those who are left with no choice but to see where their luck can take them.

Those who have been living in the city might wonder why behind the alarming traffic jam, tedious commuting, poor urban planning and urban housing problems, crime rate, overpopulation, and pollution people are still drawn towards c…

It is Townhouse or Condo in Manila?

Manila is the capital of the Philippines and the center of businesses. That’s why many citizens wanted to live, work and be here. And it’s the reason why there are many condos and townhouse scattered in the metro. If you want to live here, you may consider buying or renting a condo or apartment. But if it is for a long term, you should opt in buying a condo or townhouse. Either is a good choice, especially for small families and single people. They both require association fees, but have individuals’ advantages and disadvantages.

Ownership
                Condominium – When you buy a condo, you become a co-owner of others unit owner. Meaning, everything located on the property is yours and need to share with others - everything, even the roof, stairs, elevators and walls. But you can use the amenities for free, every time you want it.
                Townhouse – You are the owner of the land, roof and house. Also, the benefits of this is you owned a garage and garden – depends on the town…

Condominium Jargon You Need to Know when Buying a Unit

If you’re ever interested in buying a property for sale in Manila, you’ll eventually have to read through a lot of paperwork and listen to a ton of legal and real estate talk. You can’t know all the technical stuff that they mention but you can get familiar with the ones that are most used the real estate biz.
Admin – abbreviation of Administration/Administrators; they’re basically the people you go to if you have suggestions or questions on how the whole building does its operations. Think of them as your office managers or better yet human resource.
Association Dues – most private subdivisions have an association. An association is made up of a representative of every home owner and association meetings are held so that issues may be resolved and events and updates may be announced. Association dues are dues that you pay for the activities that are done by the association.
Amenities - these are enhancements and luxuries that properties like condominiums provide their residents. …

Why do you need a real estate broker?

Buying a property may come easy if you have some knowledge about it. If you are planning to buy a property or house or a condo and you don't have any idea, then you need the assistance from the experts. Experts are the people who are smart, experienced and certified professional - with these people you can easily manage the process of buying a property.Mostly, real estate is the first thing we consider in buying a house and lot or either condos, because most of the houses or units are ready for occupancy, what you need is the papers and payment. In the world of real estate, a real estate broker is the one who will guide and educate you about the things you need to know and also they will answer all the question you want to be answered. Since the world of real estate comes bigger, you should be aware about the licensed broker and not. Why do you need a broker or agent?1. A broker will give you the best price. They will give the standard price that are ideal.2. In case you are plann…

Perfect condo that suits to your needs

The condo is popular these days. In the Philippines, many Filipinos choose to own a unit to attain their independence or to make it as a property investment. And these two are the two reasons that a condo can fulfill.

A Condominium offers a kind of lifestyle and flexibility that you can’t have in owning a residential house or land. Condos are the best choice if you are planning to have a house that doesn’t need to have a house construction. Also, it is a lucrative property can use as a commercial stall– store, apartment, etc.

If you are planning to purchase a condo, make sure you consider these factors.

1. Evaluate your goals.
When we are thinking about a house, we want it for a long term living. Although condominium is a good investment and right housing option, you can’t inherit it to your children in the next 50 years (see RA 4726 Sec 8). That’s one of cons of owning a unit. Now, evaluate your needs and goals on owning a house. Do you have plans to move out after 5 years? Or a…