Category Archives: Real Estate

How to Successfully Buy Your Dream Home

dream home

You need to curb your enthusiasm when buying a home as it can lead you to make costly mistakes. Rather than rushing through the process, you need to approach each process from the point of knowledge. There are many advantages to owning the roof over your family’s head. Not only do you get to create a custom living space but also build your net worth one month at a time. Partnering with one of the leading Kansas City real estate companies, you can use the rent money to build equity in your home. Of course, you would need to tread carefully to ensure that the house is everything you wanted it to be. Too many people tend to rush the process only to run into severe problems later on.

Create a budget

The last thing you want to do is go with your childhood fantasies about what makes a great home. Unless your finances are up to scratch, you’re not going to live in a castle on the hill or have a lavish house on expansive grounds. Before letting your imagination run the world, you need to remember that buying a home boils down to the strength of your finances.

The best way to know your financial position entails creating a budget as it gives insights into your income and expenses. Naturally, you will use the surplus money from your budget to pay off the mortgage. It’s of primal importance that you create a home-owning budget before going out to buy one. The budget will help define your price range and keep yours from making a costly mistake. It means that you get an affordable mortgage that you can pay off comfortably each month.

Buckle down to research

couple checking home sale contract

Successfully owning a home boils down to getting a property that fits your budget and securing good terms on the mortgage. Unfortunately, none of these factors come as easy. For starters, you need to define what you’re looking for in a home, considering both current and future needs. You also need to pick your lenders carefully to ensure that you get the best terms on your home loan.

Check the neighborhood

More than inspecting the house to ensure that it’s free of defects, you also need to look into the neighborhood. While it’s possible to give a house a makeover, you can do little about the home’s location, and you’re stuck with it for life. Therefore, you need to look at the crucial issues such as safety, available amenities, noise, population, and state of the school district.

Educate yourself

Other than visiting each house that suits your needs, you also need to educate yourself on the mortgage and home-owning process. You will have a better experience if you approach the entire process from a knowledgeable position. It means that you get to understand your situation and take corrective measures.

The last thing you want to do when buying a home is rush through the entire process. Doing so increases your chances of making costly mistakes that could put your dream house at risk. With proper planning, you can get the perfect home, one that fits your needs and your financial strength. It means that you escape the danger of buying a house that could strain your finances and ruin your quality of life.

Escape to the Country: Why You Should Consider Buying a Home in Wyndham (West Melbourne)

Agent shaking the hand of the new house ownerFrom its humble beginnings as an industrial town, Wyndham has grown to be an up and coming real estate destination among investors. It’s no wonder why.

Surrounded by sea and bordered by vast fertile lands, Wyndham is a good marriage of fantastic nature views and a thriving residential and commercial scene. Residents describe it as a “stress-free environment” with a “neighbourhood” feel on a popular suburb review website, and one look at it would immediately confirm how much of this is true. Read on to get to know more of this locale, and why it might be the right choice for your home buying endeavour.

Geography

Bodies of water and rugged terrain surround Wyndham and its neighbouring locales. It has a lot of flatlands and prairies, with an equal dose of the outback for some trekking and animal watching.

Meanwhile, its housing estates and public areas are well paved and linked to transportation hubs. Wyndham is a well-developed city that is never lacking in public facilities and places to go to, which makes it easy for you to connect with the outside world.

Landmarks and Facilities

Aerial view of a neighbourhoodWyndham, as well as surrounding areas in general, are near schools and public facilities. The area also has good transport links, according to current residents. Just read the glowing reviews on Homely.com.au to understand why it has become a beloved residential district. Several construction projects are currently taking place in the area to accommodate more professionals looking for a new home, and to add to present service facilities.

Things to Do

There is no lack of points of interests in Wyndham, which makes it a good place for professionals, couples and families. There is, of course, the famed Werribee Park, whose beautiful mansion is the first thing you will see upon entering its premises. Then there’s the elaborate Victoria State Rose Garden, which is indeed a work of art.

For nature lovers, Wyndham has a range of marine sanctuaries and waterfronts, such as Werribee River and South Foreshore, the Wyndham Harbour, and the K Road Cliffs where you can go bird watching. And if you just want to kick back and relax, there are several wineries and speakeasies, hotels and spas in the vicinity.

There is also a good selection of sports destinations for the adventurous and athletic types, such as the Aerochute International, the National Equestrian Centre, the Melbourne 4×4 Training and Proving Ground, and lastly, the Sanctuary Lakes Golf Club.

If you have been eyeing properties in the Australian countryside, consider looking at lands for sale in West Melbourne. There are many undiscovered benefits to living in the northernmost part of Victoria, which not a lot of people are aware of, especially the urban dwellers. Don’t be afraid to swap the cosmopolitan life with a little bit of ruggedness and the simple life. You will not regret it.

Ready to move? Get in touch with a reliable local real estate agent in Northern Wyndham now to assist you with your search for your new humble abode.

The Big Move: 3 Ways to Adjust to the City Life

Buildings in a philippine cityAlthough exciting, moving homes is admittedly overwhelming. It’s not just because of the logistics nightmare that happens almost all the time or the hidden costs along the way; it’s also the fact that such a change isn’t just a change in address, but a change in life. This is especially true for Filipinos moving from the provinces to the city. Nonetheless, there are many ways to survive, nay, thrive in this transition. If you’re planning to get out of your small town to pursue a career or go to your dream university, here are some tips to help you adjust better to your new life:

1. Dedicate a tour day

The more that you become familiar with your area, the better you’d feel at home and the less you’d feel like an outsider. Hence, after you get settled in, roam around the city. Plan an itinerary so that you can better maximize your time. Go online and search for nearby top restaurants and cafes around the vicinity. See if there are museums and libraries close to your place as well. Usually, in big cities, such as Pasig and Makati, such establishments are just a ten-minute drive away from each other. If you’re still looking for a place to stay, though, prioritize then the location. You want to be near commercial and cultural spots, which offer avenues for your interests. Consider the condominiums in Ortigas. This location allows you to be near prime establishments in the metro.

2. Befriend the locals

Friends enjoying their lunchYou feel more comfortable in a big city when you get to know the locals. Thus, don’t just drop by at the cat cafe you see on your tour day, spend time at the place. Make your face familiar to the baristas. Engage in small talk with them. Ask them for advice on how you can get from one place to another. Of course, don’t forget your very own neighbors, too. Smile at them when you see them in your condo lobby. Hold elevators for them. Perhaps, help them in carrying grocery bags. Observe proper etiquette as well: using shared areas responsibly, following the trash collection schedule, keeping the noise to a minimum, etc. Participate in community gatherings as well. Attend those condo association meetings. If you could join a volunteer group in your locale or a church, that would be good for your sanity. The bottom line is that you maximize opportunities to interact with people.

3. Spend your money wisely

A lot of people who are new to the city get overwhelmed with so much stuff available any time everywhere. It’s tempting to go on a shopping spree on clothes, especially if there’s a sale in the mall near your condo. It’s hard to hold off on spending when a really nice restaurant is just a five-minute walk away from your home. Still, try your best to control spending. Money is the root of many city life woes. Remember that you have a lot on your plate, a career to grow, a college degree to finish, or a spouse to support, so don’t add a chunk of issues in that already-filled plate. Be wise in handling your money. Have a budget and stick to it.

It’s tough moving from a small province to a big city. It’s an absolute change in lifestyle. But you’ll be able to adjust eventually. Remember the mentioned tips as you start your city life.

Where Are The Best Places For Home Purchases Near Salt Lake Area?

house with sold written outsideMedian home prices in Salt Lake Area are expected to increase further this year, which means that you should probably look for properties beyond the region if high prices are your main concern.

For instance,a residential property for sale in Daybreak or other places in South Jordan are some of the good alternatives. Prices in these areas may not be as expensive as buying a house in Salt Lake City, but it’s close enough to different establishments and facilities. As 2018 marked a time of rising home prices in Utah, home buyers should expect the cost of an average house in Salt Lake County to reach more than $355,000.

High Prices, Low Interest Rates

A Salt Lake Board of Realtors-commissioned report showed that home prices in the county have risen by 80% since 2005. While prices have become steep, most people somehow did not realize the impact on their budget due to the low mortgage interest rates. Hence, buyers have been able to acquire houses that would otherwise be too expensive for them.

Still, the increase in housing prices could reflect bigger mortgage payments. In 2018, the monthly payment for an average house rose by 55% to $2,014 from $1,299 in 2013, according to the report. A projected decline in salaries would not be helpful either, so picking a home in a suburban area in Utah should be a better option.

Seller’s Market

house with paved drivewayHigh prices often indicate that it is a seller’s market, but only if sales are also increasing at the same time. The report noted that sales of stand-alone houses will just reach 12,000 units in Salt Lake area. The good news, however, involves an up to 7% increase in median prices amounting to $375,000.

Despite this, Salt Lake City and the rest of the state remains more affordable than other places in the U.S. These include certain cities in California, Florida and Oregon, where people spend over 28% of their income to cover the cost of living.

Unaffordable Cities

Buying a median-priced house in Santa Cruz, California, would cost you around $895,800 this year. If you can afford one, be prepared to spend more than $1,800 for monthly housing expenses. Those who earn an average household income over $73,000 will spend 30% of it on housing alone.

In Miami, the median home price is much lower at $385,100 yet the median household income is also smaller at around $51,800. Residents spend 29.7% of their income on housing expenses. Those who live in Grants Pass, Oregon, spend 27.1% of their income on housing. The average home price in the city costs $334,600, while monthly housing expenses cost $918. When you compare that against a $40,705 median income, it doesn’t seem economical.

Conclusion

Home buyers are better off looking for properties outside major urban areas, while property owners should consult a management company to improve their chances of a sale. It may be a good time to sell because of higher prices, but many will be reluctant to buy for the same reason.

How to Achieve Your Financial Goals

Not everyone is rich enough not to plan anything. One wrong mistake in your finances will have a significant impact on how you will live. This is why you should have a financial plan to achieve your goals. Read through the items in this article so that you will know how to address your financial problems in the next few years:

Get a list of the most important things that you will buy.

If you want to have a better financial status in life, you should plan the things that you will need to buy. This way, you will be able to adjust your monthly budget and spending to accommodate the items that you will purchase, like an automobile, a house, and more. You should already anticipate buying these essential things in the next few years. For example, look for a master-planned estate around Burnside, Victoria so that you will have a property to your name.

Consider automating some financial functions.

While more and more people own credit cards now, there is still a lot of them that do not know some of the features. Among those that only a few people know is automation. You can actually set up an automatic transfer of your money from one of your bank accounts to a savings account so that you will not have to make it a problem. This will make things easier for you.

Set small milestones for the next few years.

It might not seem like it, but working on short timeframes is actually a better way of reaching your goals in your financial plan. Putting a substantial milestone in your business plan will make it a more daunting task to achieve. Smaller goals and milestones help make your overall plan clearer and better. It also lessens the possibility of you losing the drive and motivation in the middle of your journey.

Keep your financial documents safe and secure

Tax return form

Financial documents are among the most important sets of certifications and materials that you should keep. Your documents can serve as proof should you have difficulty with your finances, so you should not throw them away. Their loss can have devastating effects on your financial status and your life. If possible, keep all these documents in a folder that will be held in a safe so that you will not lose them.

Become smarter about your shopping decisions.

This is probably the most challenging part of improving your finances: becoming a better and smarter shopper. There is a tendency among younger people especially to spend a lot of money on random things. If you want to be able to achieve your financial goals, you need to only spend most of your money on the things that really matter. Otherwise, you will have difficulty reaching even half of your journey to achieving your goals.

Achieving your goals is a combination of being smart in your planning and execution. Through this, you can avoid any problem that might arise with your finances.

How Clark Global City Became One of the Country’s Biggest Commercial Real Estate Hubs

Clark Global City PampangaAccording to a well-known real estate developer, Clark Global City shot up to spot No.2 of the Philippine commercial real estate market by the 3rd quarter of 2018. It went past Cebu in the sheer number of transactions in nine months, compared to a decade for Cebu. Data shows that the total transactions in Clark amount to 111,000 sq. m. and 8% of the total transactions for the whole country.

Cebu’s market share was only 76,000 sq. m, amounting to just 5% of the total transactions. Despite this phenomenal performance, it is only a fraction of the sales compared to Manila, which is the Philippines most active commercial real estate market.

Starting in 2018, Clark Global City is expected to become the second biggest commercial real estate market, thanks to the increasing demand from the BPO and Philippine offshore gaming operations sectors. This, according to David Leechiu of LPC, is a big real-estate conglomerate. Companies that already have a presence in Manila and Cebu will probably start looking for alternate spaces, and their destination is Clark.

Why Clark is such a popular destination

According to Leechiu, a huge infusion of capital in the last few years has helped Clark leapfrog to the front of the line. Even though BPOs currently occupy the majority of office spaces here, he envisions other players, including government agencies that are moving here and occupying a lot of office space. Investors are very happy to see such demand, as it promises higher returns.

Clark Green City Real Estate Options

A major part of the development is concentrated in Clark Global City, a 177-hectare space with mixed-use developments. Much of the development in this area will be from Pampanga over the next seven years, with Clark Global City being the primary contributor to this pipeline. Clark Global is owned by Udenna Corporation, which acquired the land for a price of $1 billion.

What sets CGC apart is the fact that it is very strategically located and with excellent infrastructure and connectivity, it is the ideal location for businesses. It is in the heart of the country and the highway system provides the best possible access. Since it is also a little over 440 feet above sea level, it is protected by the mountains from all possible effects of typhoons, which the Philippines is famous for.

According to the Bases Conversion and Development Authority’s President and CEO, Clark has great traction as a business hub because of its location and the availability of many facilities. This is just the beginning, as airport expansion and rail connections will cement Clark Global City’s place in the business world as the most connected hub.

Such high impact projects are a part of the big push to expand infrastructure, which in turn, will spur growth in the region, along with many investments. After completing the airport and the addition of rail connections, this will be a massive transport system for office goers and residents of the area. The airport is expected to facilitate the processing of 8 million additional passengers annually. The rail connection is expected to cut down travel time between Manila and Clark from 2.5-3 hours to just an hour.

Big plans are afoot for Clark Global City and we can expect phenomenal growth in this region in the next decade.

Property Development in Muntinlupa to Skyrocket

handing out keys to a property

According to market research and statistics provided by an independent property consulting firm, property values in Alabang are expected to range between PHP 30,000 and 80,000 and could go as high as PHP 100,000 per sqm in 2019.

The Possible Rising Business District

One key factor that is propelling growth is the shrinking supply of land and growth in demand in the Southern Metro-west region. This because of a network of roadways being developed, including the Muntinlupa-Cavite Expressway (MCX). This expressway connects Cavite and Muntinlupa, which could help drastically cut down travel time for commuters. Thanks to this easy access between towns, Alabang is expected to follow Makati, Ortigas, and Fort Bonifacio in becoming another business district close to Manila.

Real estate developers like Filinvest, Megaworld, Ayaland, and Rockwell Primaries have started working on different projects in these places. For instance, Alabang West (a Megaland Project) is a residential township spread over 62 hectares and has an exclusive gated community with around 780 lots. Another development project is East Bay (by Rockwell Primaries), one of the many condominiums for sale in Alabang, Muntinlupa City, which features the beauty of living in the South.

All of these are exciting for young Filipinos, as they see a chance to realize their dreams. There are many areas around Manila that are being designed and developed as multi-use projects — commercial and residential — so that people can stay close to work and not spend hours commuting. They can choose from condominiums, apartments, and single family homes to name a few.

Before Anything Else

house plans with a calculator

Before investing in a home, it pays to do some research. If you hear terms like amortization, tripping, and other terms, be sure to look it up or ask your real estate agent to explain it. If a condo is listed for sale for PHP 7500 a month, it’s best to know that charges like down payments and reservation fees will be added, which can drive up the price.

Home buyers also have to pay closing costs. Saving up for initial expenses and not being aware of other fees can shock any new and prospective homeowner. Real estate agents suggest that it is good to have at least 20% of the purchase price saved up for the down payment. If you are planning to invest in a brand new property, you are in luck. Developers offer home buyers with affordable payment plans, making it easy to buy.

When searching for the right home, you’ll meet a lot of real estate agents and among them, maybe only one or two will meet your requirements. Being direct and patient is a good strategy. Once you have settled into your new home, remember that you have to pay real estate tax annually. Being familiar with its structures in the area you live in is mandatory. Some local governments offer discounts for early payment of your property taxes.

The preparation process for buying a home is a long one, but when done right, it’s worth it. Developers and real estate agents are open to negotiations, so talk to them to buy the home of your dreams.

Owning a House: What’s In It For You?

Agent talking to clients

Making the decision to buy a house may not be an easy task, especially for first-time homebuyers. But buying or owning a house has many benefits. In fact, it’s one of the best investment decisions you can make.

If you are wondering if buying a house now is right for you, then it is important to consider the many amazing advantages you can enjoy. Here are some of them:

Improved privacy and security

Of course, you don’t want everyone around the neighborhood to always know what you are doing. Being a homeowner may be a good way to improve privacy. You can make your preferred adjustments as a way of enhancing privacy in your property, such as installing barriers like a fence or tinted windows. However, property developers are fully committed to ensuring that the houses for sale in Daybreak are of the highest quality and meet buyers’ privacy expectations. That means you may not need to make further adjustments to enhance privacy.

Appreciation

Buying a house is a good long-term investment. The value of houses is increasing from time to time. If you are looking forward to investing in homes, then you will enjoy a substantial return in the future.

Creates a strong credit history

Loan and mortgage on the key

If you buy a house and make your loan payments on time, this shows lenders that you are a good borrower. That means you are able to build a strong credit history, which makes it is easy for you to access loans in the future.

Tax benefits

The government offers tax incentives to people as a way of encouraging homeownership. By buying a house, you can enjoy reduced interests from mortgage payments on your income tax return.

Enhanced freedom and comfort

Owning a house gives you the freedom to make modifications that you feel are appropriate. Everyone has a different taste and preference, but it may be difficult for you to enjoy your preference if you are not in your own property. Being in your own house will make it easy for you to incorporate your style into the design and decor.

It’s cheaper

Buying a house is cheaper than paying rent. Today, mortgage rates are low and pocket-friendly, which makes it a good decision to consider buying a house. Furthermore, rent and home prices are increasing from time to time. That means it is a wise decision to consider buying a home as soon as possible.

Secure retirement

It is everyone’s dream to retire in his or her own property. Remember that you are getting older as days pass and you would want to retire in a property of your own. You can buy a home today and live there during your retirement years.

These are just some of the advantages of homeownership. Today, developers and agents are fully committed to ensuring that they give buyers the best advice related to home ownership. This makes it easier for buyers to get a property that suits them. Buying a home is a wise decision that has short-term and long-term advantages.

4 Things You Need to Know When Buying a House

Real estate agent touring a couple around the houseIt’s a pretty common goal to purchase property in the form of an apartment, a condominium or a house. Many people aspire to it because it’s a typical indicator of success. When you own a house, it’s a sign that all the hard work you put in is paying off. That’s why buying a house is such a big step for any person. It’s a significant milestone in anybody’s life. This is why before doing anything, you should have enough knowledge about the entire property acquisition process.

The following are things that you should know before you decide to invest and purchase a property:

1. Make sure you buy both the house and land

Generally speaking, when you buy a house, you also own the land that surrounds it to a certain extent. However, there are a few exceptions to this. This is the reason why you should always know the fine print when buying a property. Read more about how a house and land around Melbourne North will benefit you before you purchase a home for you and your family.

2. Go for a trusted realtor or broker

Your best chance to land a good house and lot option would be to work with a realtor or broker. These people have a vast network and strong experience to draw from that will help you choose the house based on your budget and needs. They will get a cut of the sales of the house, but they are also required to give you a good option considering that their reputation is at stake. Working with a reliable realtor may be your best bet at getting your ideal house at a reasonable price range.

3. Never sign anything without the presence of your attorney

Attorney asking a client to sign a documentYou need to remember that the purchase of a property is a long commitment. It will involve a contract, which is binding. For starters, never sign anything without reading the fine print. This is common sense. It may seem intimidating given the length of the contract and the numerous terms and conditions, but you just have to do it. You need to have an attorney with you when you sign documents to make sure that you are not getting the lower end of the agreement.

4. Predict your ability to pay the house in the long run

One of the most important things that you have to consider when buying a house is your financial capability. Even if you have money now, there is a possibility that you may have financial difficulties in the future. You need to assess whether you will still be able to pay by then. Evaluate your position in your career; you may need to stay long term with your current company to ensure that your income is steady. It’s advisable to consult with your accountant as well as a financial adviser.

Buying a house is complicated enough. If you do not want to have any issues in the process, you should know the things mentioned above.

Features in a Modern Luxury Home

Luxury Home

When looking for a house to buy, it is obvious that you want to buy a luxury home for you and your family. However, what exactly qualifies a home to be luxurious? Is it the cost, location, or features? Luxury homes are different from ordinary homes due to the features they have. The advancement of technology has revolutionized amenities that were once considered luxurious. Below are the features that you may look for in the luxury homes that you want to buy in Kansas City:

Dressing Room

Long gone are the days when homeowners kept their clothes in a closet. The closet has advanced to become a full dressing room and is commonly known as a walk-in closet. The dressing room is large to accommodate many clothes. There is adequate space to store shoes and bags. The room has light accessories and elegant pieces that add a touch of class to the room. Dressing rooms are custom designed to suit the owner’s preference.

Gym

There is the fun of working out in a gym with people around you. However, the commute to the gym can make you less motivated. Individuals who love their personal space will not enjoy working out in the public gym. A home gym gives the homeowner the opportunity to exercise in the comfort of their home. A home gym usually contains a TV set, a music system, and workout equipment.

Entertainment Room

Entertainment room

Rooms set apart for entertainment purposes are another common feature in a luxury home. An entertainment room contains a space for home movies and indoor games. You can also install an indoor pool, a sports bar, or a basketball court. The room serves as an entertainment joint for the family and friends.

Spa Bathroom

The bathroom is a room where most people spend a large part of their day. A spa bathroom gives a homeowner the chance to enjoy services luxury and comfort. It contains a steam shower, Jacuzzi, soaking bathtub, and double vanity. This saves the homeowner the hassle of visiting spas for the luxury feel.

Smart Technology

This is among the most desirable feature in a home. It allows a homeowner to manage systems in the home remotely. Some of the tasks include regulating the home temperature, locking doors, and switching off lights. The smart technology requires a homeowner to have a phone on which they can monitor their home. Smart technology increases the security of homes.

Modern Kitchen

A luxury home is incomplete without a modern kitchen. It has the latest appliances such as a cooker, fridge, and microwave. It also has adequate space for enjoying meals with the family and meetings.

Purchasing a home is a big investment. Therefore, it is essential that you buy a home that you will enjoy living in. The luxury homes for sale in Kansas City contain unique features that give you a sense of fulfillment. They are in a serene environment, are accessible, and are worth investing in. Consult with an agent to start with the home buying process. That will be the first step to becoming a homeowner.