The Rockwell Lifestyle

A condominium can be the place where you settle down, relax, and explore your passion. It's a fast-selling commodity in the real estate market for its flexibility. It can be an investment - a channel for passive income through rent, weekend accommodation or resale. It can also be an asset you can pass on to the next generation. These ideas make it tempting to one. People of all ages aspire to have their own. Students have a condo in Metro Manila while young professionals have a unit in Makati or Bonifacio Global City. Whatever your reasons for wanting a condo, here are some rules to consider before you call and meet a broker. 1. Build your credit score. The credit history allows them to take a loan. Locally, the person's credit history is available through a bank's credit report. The report shows if you were a responsible creditor. Once you overtake a loan as the downpayment for your property, request a fixed interest rate. Go for financial institutions that maxi...

It's profitable to invest in real estate when the business environment is stable, and the macroeconomic fundamentals are within their limit. The right time along with valuable investment instruments can result in future yield. Besides the accumulation of wealth due to investments, acquiring a property allows you to build your assets. Having a condo near Makati gives you a home for your growing family. When the time comes, you can entrust your investment to your existing family members. Before that happens, you need to be aware of the steps in the process of acquiring real estate properties. 1. Presentation It can be a proposal or a sales package. It can be a presentation or a document where you find the relevant details of the project. It contains the physical aspects of the project as well as other marketing components. It must include an analysis of the surrounding location and target market. Some contain market leads, but most will have a breakdown of risks and opportuniti...

Buying a condo can be a daunting task especially for the first-timers, but this should not be the case. Here are some essential tips to make the process easier and stress-free for you. 2018 Condo buying tips 1) Think long term.  Don’t even think of buying a condo if you have no plans of staying in it for 5 years or more. 2) Know what you can afford. It is useless pining over a condo unit that you cannot pay for. Use a home loan calculator to determine whether you are financially ready or not. 3) Determine payment options. Familiarize yourself with various loan options. Options vary from one banking institution to another. 4) Obtain a pre-approval. A pre-approval is a proof that you are a serious home buyer. Banks take note of this. 5) Save for the down payment. A down payment can be between 10 and 30% of the total purchase price. So, again, make sure that you have enough savings to pay for it. 6) Hire a broker. Real estate brokers will be a ...