Reasons To Buy A Pre-selling Condo

Condominium units are selling like hotcakes for many years now. With the many advantages of owning a condo unit, more and more people are purchasing their own either as their main property or as additional to their existing properties.

With the number of available condominium buildings with units for sale, one can say that real estate in the Philippines is booming because of the sales of these condo units. However, a typical condo buyer might get confused as to which unit to purchase. One of the most affordable condominiums for sale is one that is pre-selling.

Pre-selling condos are those that are being sold before the condominiums have been constructed. Although you cannot immediately move in or use a condo being sold for pre-selling, there are a lot of reasons why you may want to consider buying a pre-selling condo instead of one that is ready for occupancy. Below are some of these reasons.

  • More affordable. Pre-selling condos are often priced at around 30% lower than the equivalent price of a ready for occupancy condo. For those who are not in a hurry to use the condo, this is an excellent reason to get a pre-selling one instead. Most pre-selling condos have a target completion date of two to three years from the pre-selling period so if this time frame is acceptable for you, buying a pre-selling condo will provide you with a huge saving.
  • Choice of unit. Condos that are ready for occupancy often have limited units available for sale. This means that your choice of unit is limited to the ones that have not been chosen by those who bought theirs during the pre-selling period. Hence, buying a unit during the pre-selling period will provide you with more choices in terms of the location of the unit that you want.
  • Increased value after turnover. With pre-selling condominiums, the prices of the units experience a jump once the property is ready for occupancy. This means that the unit you bought at around 30% cheaper will immediately appreciate in value once the property is completed.
  • Easy to pay for. When condos are being offered during the pre-selling period, potential buyers are often given more flexible payment schemes. Downpayments can often be paid in several months without any interest which is not usually the case for condos that are ready for occupancy. Also the monthly payments themselves after the downpayment can often be stretched up to several years.

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Tornadoes and Your Home: Five Measures To Prepare Your House

Tornadoes cause terrible devastation across the United States every year. People are left homeless, and millions of dollars in damage is sustained. While all of the preparation in the world won’t save a home from a direct hit by an EF 5 tornado, there are ways to protect a home from damage from smaller tornadoes or from the wind damage from tornadoes that pass near the area of a home.

Foundation Anchors

When building a new home in an area that is prone to a high incidence of tornadoes, it is definitely worth the cost to install foundation anchors. Foundation anchors are bolts that are placed in the concrete foundation that come up through the frame of the home anchoring to the foundation. These bolts should be placed every four feet around the home’s perimeter.

Secure Roof Sheathing

If a home is in a tornado area, the roof sheathing material should be secured to a greater extent than is some other areas of the country. Along the rafters, nails should be spaced in the roofing plywood at six inch intervals. Nails should be placed at twelve inch intervals throughout the rest of the roof.

Use Hurricane Clips

In many homes, the roof is secured to the frame of the home by nails. This is weak protection for the roof in case of damaging winds. Hurricane clips attach to the frame of the house and the rafters. They provide ten times greater protection for the roof in the event of tornadic strength winds.

Secure Windows

In the event of a tornado, the winds will hurl debris for many yards at a high rate of speed. This flying debris can cause devastating damage and it can easily smash through ordinary windows endangering lives and causing damage to the interior of the home. Some companies now manufacture home windows that are capable of withstanding the force of tornadic winds generated by an EF 3 tornado. A company can provide a great deal of helpful information about tornado-safe window replacement.

Build a Safe Room

A basement or an underground shelter is the safest place to be in the event of a tornado. However, not every home has the luxury of having this type of safety. Homeowners can build a tornado shelter in their homes that will withstand a powerful tornado. These shelters are constructed using steel-reinforced concrete walls with reinforced steel doors.

These are just a few of the measures that homeowners can take to make their home safer in tornado country. Always heed warnings in the area, and take proper precaution.

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Need to Get Your House Sold Quickly? A Few Tips to Help it Sell in a Flash

Do you need to get your house sold quickly? Whether you need to get rid of the house due to a short sale, downsizing, or because you found a job in another location, there are a few strategies that you can use to sell your home quickly and at a reasonable price. Selling a house requires a lot of work on behalf of the seller, and it can be stressful if you are crunched for time. Try a few of these tricks to help you get your home sold in time, and still get a reasonable amount for it.

Price the Home Below Market Value

The easiest way to sell your home is to sell it for less than market value. By looking at other homes in your area and asking for 10 percent less than that amount, your house looks a great value in a great part of town. In many cases, you will start a bidding war between buyers who want to snap up the best deal on the market before it goes away. Obviously, you still want to get a reasonable amount for the home, but you’ll be surprised at how much it helps to set your price at a little below market value—it will surely draw plenty of buyers in for you.

Hire a Cleaning Crew

If you’re in a rush to get your home sold, it will be worth the investment to hire a cleaning crew to come in and get the home ready for showings. You’ll be much to busy with preparing other things for the move to clean it yourself, and you’ll be surprised how much better your home will look if you leave the cleaning up to the pros. Let cleaners and movers clear the home so that you’re prepared for when people come to look at it. Getting professionals to do things like clean the carpets, spray for bugs, or fix broken window panes will truly go a long way with potential buyers. If the move is a bit unexpected, your home might be a disaster zone, and this definitely won’t help you find a buyer any faster. Presenting a clean, sanitized, and organized home for those who come to look at it gives you a much greater chance of finding a buyer quickly.

Sell When Others Are Selling

Do your best to sell the house at a time when others in the neighborhood are selling. This takes advantage of extra traffic that will be driving by your house due to the other sales in the area. If your home is priced less than the others, your home will be among the first to be sold. You may not have much of a choice if you’re pressed for time, however, if you can start looking for buyers around the same time as others in the neighborhood, you’re more likely to find interested buyers to come take a look at the house while they’re in the area.

Keep the Appliances With the House

For many buyers, furnishings and other appliances can be a huge selling point. By keeping the new refrigerator in the home or offering to leave behind some of your furniture, you sweeten the deal for a prospective buyer. You also benefit because you won’t have as much to take with you if you have a long move ahead of you. Although this may seem like a small thing, for some buyers it could really help seal the deal. If your appliances are still in good condition, consider leaving them in the home in order to draw interest from prospective buyers.

Offer Closing Cost Assistance

Coming up with the money for closing costs and a down payment is the biggest hurdle for a potential home buyer. Offering assistance with the down payment and closing costs could help you sell your home with ease. Typically, a seller is allowed to offer a rebate of up to 6 percent to help with closing costs and other fees. This could save a home buyer as much as $6,000 for each $100,000 being spent on the home. This can help if you find a buyer who isn’t in as much of a rush as you are. If you’re trying to get the home sold as soon as possible, helping with closing costs could help you find the perfect buyer.

When you need to sell your home quickly, you need to be willing to entice buyers and negotiate whenever possible. By offering closing cost assistance, pricing the house below market value and timing the sale just right, you could have an offer on your home within 24 hours of showing the property. While selling a home is stressful (especially when you’re constrained by time), if you put in a little extra effort, you’ll have the home sold in no time—allowing you to focus on moving to your next destination.

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Open House – 5 Things to Look for Before Making an Offer on a House

House hunting can be a stressful process, however, it is exciting to attend open houses and walk around a potential home to see if you are interested. Many buyers get distracted by features that they like in a home that they often don’t notice pitfalls or downsides to the home. Buying a house is one of the most important and expensive purchases you will ever make in a lifetime so it is extremely important that you pay close attention during an open house and look for specific features that could cause problems for you in the future.

Neighborhood Location

The location of a home is a vital component of making a decision concerning this expensive purchase. It is important to understand the local neighborhood before choosing a home. Things to look at include proximity to schools and stores. Walking around a neighborhood is often the best way to learn about the area and get a feel for what the neighbors are like. If you have small children, you should look carefully at the quality of schools as well as crime rates in the area. Crime rates should have a big effect on your decision to move somewhere. Living alone or raising children in an unsafe area isn’t desirable, and if you ever want to sell the house, it could lower the value.

Plumbing Condition

Obviously having running water in your home is no small thing, so it’s important to inquire about the condition of the plumbing in the home as you walk through it. You may have taken the plumbing in an apartment for granted because pipes, hoses, and water heaters are often hidden inside walls or utility rooms. However, if you buy a home with worn and rusted plumbing, the repair costs are expensive. IF a home has a history of severe plumbing problems, chances are you too will encounter problems with clogging, flooding, and other issues that are unpleasant. You want to ask about the plumbing beforehand so that you make sure you aren’t in for years of frustration and expensive repairs.

Vermin Inspection

Homeowners and real estate agents will make sure a house looks perfect during an open house but there might be surprises lurking inside the walls or attics. Learn how to inspect for vermin including rodents or insects that will make living in a home difficult. According to professionals who provide pest control services, things that indicate vermin include droppings, odors, or strange noises. Look for these things as you are walking around, even when inspecting the interior of the home. It is appropriate to ask the owners or real estate agents if they have ever had trouble with pests in the home, just to be sure. Even if they just get occasional ants in the summertime, it is important to know what you are getting yourself into.

Proper Roofing

Chances are that a real estate agent will not take you up a ladder to view the condition of a home’s roof during an open house. However, before making an offer on a new or older home, you must inspect the roof to make sure it does not leak when it rains or snows. You should do a thorough inspection of the exterior of the home, which is a good time to look at the roof. Look for missing or out-of-place shingles, and keep an eye out for crumbly chimneys—those are expensive to replace. Like with everything else, don’t be bashful about asking about the roof to see if they have ever had problems with it. You can see when the last time they replaced it was which will give you an idea of how many years it will be until you need to pay to have it replaced.

Landscaping

Having attractive landscaping around a home makes it more enjoyable for families, however, it can also mean a lot of work. It is important to walk outside the house looking at the shrubbery, trees, and flowers to see the plant life’s condition. If you aren’t into gardening, you could be in trouble if you purchase a house that requires a lot of upkeep. The previous owners might have planted a lot of plants or even vegetables, and if you don’t plan on maintaining an elaborate landscape, it will take a lot of work to clear the yard of everything they have planted, or you might have to hire a lawn crew to maintain the look for you. For some families, maintaining a large and elaborate yard isn’t a big deal, however, if you are not used to that, it could create a lot of extra work for you.

Before going to open houses to view homes, make a list of the things to inspect inside and outside the building. In addition, prospective buyers should make multiple visits to a home on different days and times to really understand the true condition of the home. Parents may want to have their children see the home before making an offer, which is another reason why multiple visits can be a good idea. Don’t make an offer after only one visit, and make sure you ask smart questions to get as much information about the house as possible. Don’t be shy about asking about the history of the home—you need to gather all the information possible in order to make an informed decision before making an offer.

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Before You Settle In: Five Critical Details for First-Time Home Buyers

So you found a home you love and you just closed. Finally, your dream has come true. But before you hit the closest furniture store and start picking out chesterfields and credenzas for that gorgeous little nook, you’ll want to sort a few things out. By taking a few precautions upfront, you can save yourself plenty of heartache in the future. So before you settle in, consider these five tips for first-time home buyers.

Meet the Neighbors

Although it seems like such a small thing, you never know when you’ll need a hammer or screwdriver during the moving process. Who better to help you out than your neighbors? Plus, you’ll likely be living next to them for several years, so getting on good terms early can only make your tenure in your home a much more pleasant experience.

Figure out the Circuit Breaker

File this tip under “things you don’t think you need until suddenly it’s critical.” Figuring out which outlets go to which switch on the circuit breaker is a challenge under normal circumstances, but when the lights are out, it can be nearly impossible. Consider tackling this task early on, before things get hectic. That way, the next time the power goes off, you’ll already have mapped and labeled your circuits.

Start a Maintenance Fund

Now that you’ve purchased a house, you’re in the clear, right? Time to go buy furniture? Not so fast. Even in a custom home, you’re likely to run up against maintenance issues from time to time. Start saving now and you’ll be sure to have enough cash stashed on a rainy day. It may even be worth putting off major purchases (like credenzas) in order to start saving up today.

Paint Hard-to-Reach Spots

Before you start moving things into your new abode, consider painting. Custom homes typically start off white or off-white. Estate home builders in Orlando and elsewhere aren’t sure of new occupants’ color preferences, so many homes start off neutral. If you want to inject personality, consider painting before your home is full of stuff. This is especially critical for hard-to-reach places, like ceilings and closets. Painting before you move in means you don’t have to worry about moving objects out of the way or staining your belongings.

Start a Filing System Right Away

Now that you’re a homeowner, you’re going to have plenty of paperwork. Taxes may become slightly more complex, you may need repairs or you may just want to track how much the interest on your mortgage is. If you start a filing system when you first purchase a home, you can avoid staring down a huge pile of paperwork in the future. Plus, you’ll always know where your important home documents are.

It can be so exciting to buy your first house that it’s hard to know what to do next. Fortunately, a little preparation and work now can make owning your first home that much easier. Before you get comfy in your new home, make sure you use these five tips to prepare yourself for the future.

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