Condominium as investment?

[DMCIguy2012]

Please do your selling by PM or in the Classified Ads section.

ooopppsss sorry!!

[DMCIguy2012]

Nabanggit na rin lang ang GA, magco-comment na rin ako na hindi off-topic.

Several times I have passed the GA Towers on EDSA, and I see laundry hanging outside the windows, flapping in the wind. Most condos discourage this practice, but some owner/residents are pasaway and couldn't care less. I consider this an indicator of how the owners treat their property. Underwear left to dry in full view of Metro Manila motorists does a lot to reduce the perceived value of your units, especially to prospective buyers.

That is why I think it is important to evaluate the "quality" of your neighbors along with the quality of the building. What your neighbors do may adversely affect the returns on your "investment".

I agree Po dito, usually po kase property management office ng developer ang umaaksyon sa mga ganung problema. Pero yung iba po kase ay hinde mahigpet sa rules nila kaya nasisira yung reputation nila as a developer. anyhow dapat talaga when finding a property dapat mapagaralan nyo muna back ground ng developer and mga projects na nagawa nila para di ka manghinayang sa pera na ininvest mo!

[elusivearl]

Uy, Pag-Ibig fund is trying to offer P1.0 million reward for the capture of Delfin Lee. Maybe someone posing as in interested GA Condo buyer might be able to flush him out.

So, ano nangyari sa mga nakatira sa GA tower? Pano makakaiwas sa ganitong scam?

[elusivearl]

I mean yung scam na double selling sa mga GA Tower 2 units wherein involved mismo ang GA management.

[DMCIguy2012]

I mean yung scam na double selling sa mga GA Tower 2 units wherein involved mismo ang GA management.

You have to Review po the Back ground of the Developer para maiwasan po ang scams na tulad ng sa GA towers!

please visit http://www.dmcimetrocondos.com

[paul092]

Plan to invest on several units. Ok kaya ito? O mas ok kung sa mga townhouses na lang?

Yes it is 100% investment compare to house and lot our townhouses. This is base from my experience from my 3 years of Real Estate and from my buyers, if you are interested to know why? you can email me to paul.avidaland@gmail.com. there is a lot of advantage to invest to a condo than to other property.

[paul092]

dapat kasi bago bumuli ng pre selling na condo check nyo po muna yung developer name. dapat po kilala talaga ang name like Ayala.

I' with Ayala po kaya po nasabi ko na matatag po talaga ang ayala. kung nag hahanap po kayo ng pre selling na condo pwde ko po kayo matulungan kung gusto po nyo at ayala property. 100% sure po and security ng buyers and we go beyond your expectation. email nyo po ako at paul.avidaland@gmail.com kung gusto nyo po.

[DMCIguy2012]

but if you want affordability and quality investment! Go With Dmci!

please visit http://www.dmcimetrocondos.com

[Tas Burrfoot]

What the hell is wrong with these people... Classified ads nga eh!

Ob ob!!

[nathandgr8]

sa dmci, magkano normally ang closing fees for high rise?

[KuyaDanny]

If anyone considering "investing" in a condominium hasn't made up his mind yet, I would advise him to make a site visit to all properties he is evaluating. Preferably today, so he can see for himself the flood situation in the vicinity.

I think susceptibility to flooding will affect the long-term value of your property, even if your proposed unit may be several meters above sea level. Unfortunately, flooding will likely be a regular phenomenon in this metropolis from now on.

[dtsmark]

Some tips/questions on buying your own condo.

1. Do you really need it?
2. What would you do with it? (Condo Rental? Personal Use? Guest Use?)
3. Where do you want to own a condo? (Makati? Ortigas? QC?) Know the prons and cons.
4. How much is your budget? (How much am I willing to pay for the monthly ammortization or for the unit itself?)
5. Do you want a ready for occupancy unit or a pre-selling one? (There are pros and cons on these two.)
6. Seek the help of a Real Estate Salesperson and work hand in hand in looking for your investment. RE salespersons / brokers are there to help you find the best investment for you.

If you need a Real Estate Salesperson, contact me @ dtsmarketingph@gmail.com
We handle a number of projects in Metro Manila, Rizal, Bulacan, Cavite, Laguna and Batangas.

Regards,
Mark de Jesus

[Sun_Set]

I consider my condo unit as my retirement plan. I'm leaving in it now, but later pag nag-retire na ko, the monthly rental will be my pension.

How to determine the developer? Buy a property from a developer na may good track record that they will complete the project.

I lived in the condo of the same developer for 5 years before I bought a unit in their new development.

[pinay_pay]

comment lang ako. I have been a condo unit owner pero pinaparenta for almost a year already. lately nagbahaan sa maynila dahil kay habagat. ang daming nag inquire sa condo unit ko. Kaso sayang may nka reserve na 1 yr contract sakin sa sept. kaya di ko na maentertain kahit mas mahal offer nila. kaya if mag iinvest kayo be sure very good ang place. Accessible, hindi binabaha, hindi maingay at hindi palibot ng squatter. sure laging may maniingquire at interested na umupa. not to mention ang demographic target nyo eh yung may kaya din at may mga "ugali".

Re: sa mga nakasampay, yung unit ko eh may sariling sampayan (sa labas ng unit mismo, corner ng bldg). mga 10 sqmteres na di kandado. tig-2 sqmteres kada unit owner per floor. Kaya walang makikita sa labas na naka banderang mga bra, shirts at panties etc. kasi covered sya ng wall na may mga butas na pahaba (yung parang door sa public cr?) kita mo labas pero di ka kita sa loob.

Re: monhtly fees, dun sa nag tatanong sa mga monthly fees? Meron sympre, di mo yan maiiwasan esp. condo have this "common area" to maintain. We have guards, admin, elevator maintenance na binabayaran buwan buwan. Meron din kuryente at tubig(sa swimming pool) at ilaw sa lobby, admin office etc. They calculate the assoc/electricity and water bills according to the sqmeter of your unit. So the smaller unit, the smaller your share will be. Take note: Hiwalay pa yan sa tubig at ilaw na kunsomo sa unit mo mismo.

In my exp. I charge the guest/tenant the monthly assoc due para hindi sayo pabigat. Sasabihin ko ex. 15k rent lang yan (gross ko less common area share in electricity and water), sila na bahala sa monthly assoc, electricity nila at tubig. yung bill sa common area (kurynete at tubig ) eh sagot ko na pero very minimal lang yun for a 22 sqmteres area (size ng unit ko).

[indie_pinoy]

hi guys, I was able to backread only for a few pages.. medyo nakikita ko na kasi ang comments eh.. I am trying to get as much as objectivity, kaso talagang medyo subjective talaga sya if we consider a lot of "ifs" and "buts". example if we ask someone who works in this type of industry, talagang sasabihin nya that this is the best investment for your money. some factors din would be location and all..

i just want this to be more realistic, I am a totally newbie in terms of investing, coz I'm just really starting over sa pag-iipon at pagnenegosyo. my mom though is willing to help me with deciding and some finances, actually sya nga ang nag-encourage sa akin na mag-invest sa isang condo.

Okay, the name of the condo is The Lerato by Alveo, it's in Makati. Yung 1st tower nila is fully-occupied na, we are currently looking into getting 1 unit as an investment sa 2nd tower nila, and the 3rd tower is ginagawa na din yata.
(here's the link: http://www.alveoland.com.ph/The-lerato.php )

Kasi sabi ng karamihan dito eh depende yan sa location, builder, developer, etc.. that's why I my prospect. Risk syempre ito alam ko yun, pero what do you think? Maganda kayang pagkakitaan ito? Syempre may down payment yan, tapos hulog ka for 3 years then after nun pwede mo na sya paupahan, ibenta, or tirahan. Pero kikita kaya ako?

[Red_Wolf]

hi guys, I was able to backread only for a few pages.. medyo nakikita ko na kasi ang comments eh.. I am trying to get as much as objectivity, kaso talagang medyo subjective talaga sya if we consider a lot of "ifs" and "buts". example if we ask someone who works in this type of industry, talagang sasabihin nya that this is the best investment for your money. some factors din would be location and all..

i just want this to be more realistic, I am a totally newbie in terms of investing, coz I'm just really starting over sa pag-iipon at pagnenegosyo. my mom though is willing to help me with deciding and some finances, actually sya nga ang nag-encourage sa akin na mag-invest sa isang condo.

Okay, the name of the condo is The Lerato by Alveo, it's in Makati. Yung 1st tower nila is fully-occupied na, we are currently looking into getting 1 unit as an investment sa 2nd tower nila, and the 3rd tower is ginagawa na din yata.
(here's the link: http://www.alveoland.com.ph/The-lerato.php )

Kasi sabi ng karamihan dito eh depende yan sa location, builder, developer, etc.. that's why I my prospect. Risk syempre ito alam ko yun, pero what do you think? Maganda kayang pagkakitaan ito? Syempre may down payment yan, tapos hulog ka for 3 years then after nun pwede mo na sya paupahan, ibenta, or tirahan. Pero kikita kaya ako?

Same here, I've been trying to get myself back on track since nagresign ako last march. Now that I have a new job, sana mapasako yung one-month training period para prob na, and when I do make it as a regular, I will seriously save up for a flat, lalo na kung mag ibang raket ako. Napapakuha rin ako ng mga brochures ng sari-saring flats, but siempre, all options muna. I get confused which is flexible, Avida, alveo, anything from SM kahit galiit ng studio flats nila....

[francism171]

hi guys,

Just wanted to share my opinion and why I decided to buy a condo.

Source of income : Daily Job: IT specialist and own business: Resto
Age: 25
Condo Price @ preselling: 1.6m
Monthly in 5 years: 8k
Remaining after turnover: Mga 1m

First of all, I agree na there are other instruments which are way better than investing in a condo. (e.g. business, MF, UITF) But in my opinion, many of us fail to realize na it takes MONEY/CAPITAL to start investing on, which most of us don't have at this moment.

With someone like me, buying a condo will:

1. Force me to put money into it.
2. Since I'm forced to pay something, I'm also forced to strive to look for ways to earn more.
3. If ever I sell it at a LOSS in the future, I'll still have MONEY from the sale, kahit lugi, that's still MONEY, as compared to just spending on stuff like gadgets/luho.
4. Swerte nalang if mag appreciate yung value or hindi.

Hirap kasi na when you keep on comparing different investment instruments, you'll just be stuck there, mala analysis/paralysis ang dating.

As long as you can afford to pay it, in my opinion, it's still a good investment/saving instrument. Para sakin better to be forced into shelling out money rather than overthinking if sulit ba or hindi.

Share ko lang rin yung term na toh. hehe: YUPCAP (Young Urban Professional who Cannot Afford Property)

[Sun_Set]

IMO. You cannot immediately get your ROI but it is still a good source of passive income. I don't need to shell out the purchase price at once, forced savings ***. I was able to move in after 2 years of payment. For now my income is rental savings. I'm not paying rent anymore. Eto yung retirement plan ko. I used to rent a condo before buying one. I bought in the same location and the same developer. Hindi mahirap humanap ng tenant sa area na ito kasi maraming students and office workers. I am now paying for my 2nd unit.

[blehblehbleh]

my answer is a BIG NO.

taking off from my experience, na sales talk kami into buying a condo. gaya ng sabi nung unang nagreply na depreciating asset sya, kahit nabili mo na yung property pag aari pa rin yung nh realtor. parang nag na over price na rental lang. just months ago nasira ang elevator ng condo, every tenant has to pay 9k. kapag may irerenovate ka sa place.. simpleng pintura lang, we have to pay 12k JUST for them to check kung compliant ka sa fire safety at sa utilities kahit sayo yung equipment at tao. we also pay for common areas fee every quarter which sucks. in short, malaking gastos. moreover, if you plan to sell it, palugi na ang benta mo kasi nga depreciating asset sya.

so DON'T. bahay at lupa ka na lang kahit gaano kaliit yan at least you have a place you authentically call your own.

[blehblehbleh]

nga pala, pinaparent namin yung place. at kahit pinaparent, lugi with all the fees...