The collapse of the subprime market in the U.S. has made it harder for Japanese developers to borrow at the same time as building materials and land have become more expensive, Mori said. Sales volumes may extend last year’s drop and Japan’s slowing economy will make it harder to increase condominium prices. The government’s changes to building regulation last June produced a bottleneck in applications and sent housing starts to the lowest in 40 years in September. Housing starts started to recover this year, falling 5.7 percent in January compared with 44 percent in September. Japanese condominium sales may fall for a third year in 2008, according to the Real Estate Economic Research Institute, a Tokyo-based industry publisher.
A number of high-rise or mid-rise communities may have a protected access system that merely allocates residents to go into the community using a particular special key card, somehow similar to hotel cards. If you reside in such a community, abide by the manager’s policies for using these special keys for your own protection; those regulations were made for your own protection. Be sure that no one follows you into the structure and most significantly, take your key card with you at all times. If you encounter problems with the admission card, report it to the organization or the management’s office right away.
For most condo buyers, price is definitely a major issue but that is not the only factor you should consider on before buying a condo unit. Aside from the cost of the unit, here is just a simple list of things of factors you should consider before buying a condominium unit.
The location of the condo greatly affects the potential of price appreciation. The location also determines accessibility to needed comforts and conveniences. If you value convenience, get a condo unit that has easy access to restaurants, schools, banks, or hospitals.
Reputation of the Developer
For condos that are still in pre-selling stage, the reputation of the developer matters a lot because it ultimately determines whether the condo building will actually be completed. There have been cases of condo projects in the past that halted construction because the developer ran out of money. In such a case, it would be difficult to get your money back.
In a condo, you share everything with other residents — elevators, swimming pool, playground, garden, etc. That includes the noise as well.
Amenities and Population Density
A condo may be expensive because of the amenities it offers. Normal amenities include swimming pool, gym, children’s playground, function room, and the like. Assess whether the price you are paying equal the value of the amenities to you. Population density refers to the number of people per unit area of space available. In a condo, this translates to the number of residents sharing the amenities. In short, it is more convenient for you to live in a place where there are not so much people because later on you will have to share the amenities with them.
Living in a condo means paying an additional expense every month: the association dues. This represents your contribution to the shared costs incurred by all condo owners, such as electricity in common areas, water used in swimming pools and for watering plants, and wages of security guards, janitors, and maintenance workers.
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A lot of people believe that owning a condo instead of a house is cheaper and a whole lot easier. This may be true in a lot of ways but there are still things you need to know before you make that big investment. What you need to remember is that when you live in a condo, you will be sharing the space with other people. Though you will have your own unit, there are still areas that are communal like elevator, lobby, building exterior etc. It is not necessary to socialize with the neighbors but it would be good if you do not mind having short encounters with them daily. You also need to know all the Homeowner’s Association fees. These are expenses you need to pay to cover the maintenance for common areas, insurance etc. All of these details should be discussed so that you don’t feel like you have been duped into buying the property. ALL CONDOS would charge you for this.
We have to admit that the Philippines has Compared greatly seen all over the news due to the various typhoons it has been experiencing over the past years. In fact, in each year, there is an average of 3 to 5 strong typhoons that comes into the country. Despite the impact of one of the greatest typhoons in history, Typhoon Haiyan, the Philippines economy continues to grow, and its property market continues to rise – though at a rather slower pace than before.
In Makati central business district, the average price of a luxury 3-bedroom condominium rose to 13.4% during the year 2014, to PhP 136.533 (US$ 3,043) per square meter (8.98% inflation adjusted). The price rise of 1.2% during the latest quarter was the lowest since the year 2012.
In Bonifacio Global City, on the other hand, the average price for a 3-bedroom condominium increased by 9.5% to PhP 1333,175 (US$ 2,968) per square meter (5.3% inflation-adjusted).
An improving economy, rapid growth in foreign investment, and a reform-minded government are boosting its confidence among house buyers in the Philippines.
However, the growth of the housing market is held back by several obstacles. The mortgage market is relatively underdeveloped, and most houses are sold for cash or pre-sold. Property buyers also face high transaction costs, corruption and red tape, fake land titles and substandard building practices.
Compared to other countries in Asia, Philippines can be considered as one of them which offers a rather lower cost of living. The condominium prices as stated are just examples of some of the most luxurious condominiums in the country, so you will still be able to find condominiums that offer a lower rate. Renting condominiums instead of buying is also advisable. So if you are either a foreigner or a native of the Philippines, it is quite a great opportunity to invest in buying condominiums. As compared to other foreigners that live in the United States or Europe, Asian women’s fund for buying houses or condominiums in the Philippines is lower but the property cost is low as well. This can actually leave you more money from your budget in which you can use for decorating.
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Do you ever have that feeling that you no longer want to go home to your rental because its too tight and there is no way you can make it look good? Good news for you is that there is still hope to make your apartment look good with big styles. So here are just a few simple tips and tricks on decorating your small-spaced apartment.
Most rooms in a small apartment serve multiple functions. This room is an office by day and a bedroom by night. Rather than make the office look like a bedroom or the bedroom look like an office, different wall treatments give each area its own distinction. Also, you can make use of furniture that are good for decorating and also serves many purposes.
Make A Statement
Small spaces create opportunities for big surprises. Seize a tiny nook and use it for personal expression to signal your design attitude.
Divide Into Zones
When you have a vague space with little or no definition, you have to create functions within it. In a small apartment living space, this can be particularly challenging. Start with small-scale pieces, and look for furniture that can serve multiple functions.
Work With White
Many landlords have a no-painting policy. If you’re stuck with bland, white walls, embrace the decorating opportunity. Nothing makes a small space feel brighter or airier than white. It’s also a clean, uncluttered base for presenting artwork and collections you love. Rather than fight the white in this bedroom, the renter pulled it into her decorating scheme, painting a second hand chair white and picking a white dresser and bed linens. This let her have fun with the accessories, such as a bright lamp and bold paintings.
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“A growing number of people in the real estate market are looking to buy a condo rather than to purchase a home or to rent an apartment. But, why are condos so hot in the real estate world? Here are the top five reasons why so many are looking to buy condos rather than other forms of real estate.
Reason #1: Condos Do Not Require Upkeep
One of the biggest reasons that so many people are looking to buy a condo is the fact that they do not require the same type of upkeep as owning a house. For those that hate mowing the lawn, pulling weeds, repainting the house, or doing other chores associated with homeownership, it simply makes more sense to buy a condo. In addition, many people simply do not have the time to maintain a home because of their careers. Therefore, a condo provides a practical solution.
A bachelor pad is the one place where you can do whatever you want and that you can decorate how you please. The reason for such is because you are the only one that has to like it and the one that needs to like living there which means you have no rules and limitations on decorating your own pad. There are, however, a few tips that might help you in doing so:
- Only include in the décor the things that you use. Forget about what other people like to see in their homes and what everybody else does. Just focus on you and your needs.So don’t include useless decorations unless they’re also functional and don’t spend money and time searching for items you’ll never use.
- You can also forget about all the accessories and decorations such as plants and ornamental pieces. They will only make the house seem less airy and they will also give problems when cleaning. A bachelor pad needs to be simple, relaxing, uncluttered and easy to maintain.
- Whenever you have more than one option, choose the simplest one. For example, if you have to choose between a simple curtain hanging from a rod and ruffled curtains with all sorts of decorations and useless details, the first option is the one for you.
- Look for furnishings that double as on-the-spot storage, such as a footlocker that doubles as a coffee table. If the things you need are stowed near where you use them, it will be easier to access them and to put them back away later.
- Look for items that express who you are. Too many single men furnish their homes with items that were too big to fit in the dumpster behind the apartment complex. Don’t waste this opportunity. Create the man cave that your friends with partners dream about every night in their pink canopy beds.
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So you just moved in the new condo but would like to have a more adult feel kind of condo? Then you may want to consider a chic and professional condo look for your place. A lot of condos are normally small and knowing what to place in the area to make it look big is only possible if you know the right measurement of the condo. Have a list of what you want to have for your place, mirrors, racks, etc. Make sure that items you choose will go well with the theme of your condo. You may also want to browse the internet for inspiration before hiring a professional to do the job. Also have time to ask around or browse the net for estimates on the materials. These things will help you save your precious time, effort and money, most especially if you are on a tight budget.
Decorating your home can be very exciting especially when you are going to start from scratch and have the freedom to add whatever it is you want. However, it can really be challenging and frustrating at the same time because you have these sorts of ideas that look good when you think about it but does not actually go well when you did it in real life. What is worse is that decorating can also be very costly and it would be very difficult for you to apply the ideas you want if you are on a tight budget. So here are just a few tips and tricks to create a happy space on a budget.
Add depth to a narrow kitchen. Remove cabinet doors to create a custom look and add personality. Not only will it make your kitchen feel larger, but the space will feel cozy and inviting.
Maximize empty spaces. Every inch counts in a rental, so that awkward foot of space between the top of your kitchen cabinets and the ceiling can be put to good use. You can arrange rows of chunky rectangular baskets on top of the cabinets to store household supplies such as paper towels and coffee filters.
Upgrade light fixtures. Replace builder-grade ceiling lights with something more modern, such as a pendant which can be used in dining areas.
Do not be afraid to paint. As long as it is okay with the landlord, paint your walls in the color scheme you want.
Camouflage the unflattering. You can use adhesive papers to cover the unflattering spaces in your rental. Aside from being inexpensive it is also very easy to apply.
Treat the bathroom like a real room. Since you cannot renovate or change the tile of the bathroom in your rental, you can easily buy other decors to make it look more inviting and a good place to do your personal hygiene activities.
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