Category Archives: Real Estate

A Permanent Home Structure with Rooftop in Mind

Our 24-year old bungalow house has weathered numerous typhoons and some unintended distractions (house repairs by neighbors) over the years. Repairs here and there made it livable up to this time. We have plans to build a more sustainable home comfortable enough for a family of four and a pet dog in the future, but a good kind of problem is holding us back. Our children’s education is always a priority, so any amount left after paying the monthly bills goes to the college fund.

My daughter’s rendition of our future house. Front view.

In 2019, we were left with one student to support and were openly discussing the possibility of saving up for our permanent home structure until Covid19 happens. We were so excited about the idea that finally, we can start building our financial plan using a mortgage calculator to help us plot the expenses once we get our (future) Pag-ibig housing loan approved. As for the loan payment, we plan to use Pag-ibig’s housing loan affordability calculator. Sadly, all that loan and mortgage discussions are set aside for the meantime.

Second floor plan.

Work from Home

We don’t know for sure how long this pandemic will force most people to work from home. In our case, our graphic designer daughter works from home since last year. With the future house plan, the lady will have ample space to accommodate all her gadgets and design equipment. Even if she transitions back to the office, the room will remain as her working area for her sideline. Same with our son who is still studying, he also needs extra space in his bedroom to do his design tasks for school.

The good thing about working from home is that our daughter was able to save her paycheck. We also save money by keeping the allowance intended for our son. He is attending online classes thus we don’t have to worry about transportation and meal allowances.

Effect of Pandemic in Real Estate

Covid19 has disrupted the construction of condominiums and business buildings last year. The hardest affected were buyers who are mostly Overseas Filipino Workers. They have already paid for their units in advance but were dismayed to find out the construction was stopped. This issue between concerned developers and buyers is yet to be resolved.

An increase in the number of property foreclosures was noted since last year due to non-payment of the mortgage. Some property owners who lost their day job were forced to sell their residential or condominium units to start their own businesses. Real estate websites such as Lamudi showed 593 foreclosed properties up for sale in Quezon City.

If you are keen enough to check on the foreclosed list, you may discover a house at an insanely low price. A business-minded person will consider this an opportunity to try to dabble in buy and sell.  

Resiliency

Ironically, some areas are depicting a different atmosphere despite the pandemic. In our neighborhood alone, several household owners are into repairing, beautifying their houses, building flowerbeds, and carport. The food business is likewise thriving in our area. One would think it’s a “usual” market day if not for the facemask-wearing customers queuing for their orders. Resiliency perhaps is one of the “good things” these uncertain times have given us.

Carry on

Covid19 has affected everyone but life continues to move forward. A year after the lockdown, we have yet to see the light at the end of the tunnel. Perhaps we can safely move when the (Covid19) vaccine rollout reaches its intended beneficiaries. By then, we have achieved herd immunity.

As for our dream house construction, it will have to wait for a while until the pandemic is over and our youngest graduated from college. We will diligently work until we reach our goal.  

Things to Do Before Selling Your House

Selling your house can be stressful. There is a lot to do before a sale can actually go through, and it can be difficult to know where to begin. Although there is no way to avoid putting in some serious effort, these tips can help significantly reduce the amount of stress you experience during this process. 

Image by Paul Brennan from Pixabay

Do Your Research

You need to know what kind of market you’re up against before you put a price on your home. Look at other houses in your neighborhood that are similar to yours and see what they are listed for. If the market isn’t looking favorable at this moment, you may want to consider holding off on selling if you can. 

Consider Remodeling

One of the best ways to get your house to stand out against the competition is to make some upgrades. Put on a fresh coat of paint. Consider if you want to remodel my kitchen Kamas UT. The master bathroom is always a popular choice when it comes to remodeling as well. Don’t forget to have some landscaping done as well to help increase the curb appeal for potential buyers. 

Find a Good Realtor

A good real estate agent is ultimately going to be what makes the most difference. This is the person who is responsible for helping make sure that your home sells for a reasonable price. Use someone you trust who has a proven track record of positive results. Ask friends and family for recommendations on someone they know or have used before. 

Remember that selling your home is a process that takes time, so don’t get discouraged if things aren’t moving as quickly as you’d like. Putting in the time and effort to make sure everything is done correctly can be worth it in the end and may help you sell for a much better price. 

Benefits of a Residential Elevator

If you’re one of the many people who live in an elevated house or multi-story building, you know how hard it can be to lug items up and down a set of stairs. Even simple chores like taking out the trash can be tiring. But there’s a great solution: a residential elevator. Here are a few benefits of these convenient lifts that are rapidly growing in popularity.

Photo by Charles Deluvio on Unsplash

Furniture Moving

Few things are more difficult than moving old furniture out and new furniture in. If you do some research into elevator installation fort worth tx, you’ll learn that the largest lifts can quickly and easily transport a king-sized bed, a couch, or even a dining room set. In fact, most residential elevators have a capacity of at least 1,000 pounds.

Carrying Up Groceries

A weekly trip to the supermarket typically ends in multiple trips up and down the staircase. A residential elevator is large enough to convey dozens of bags, boxes, and cases of water in a single trip.

Protecting You From Injury

Whether you’re young or old, the majority of accidents happen in the home. Quite often those accidents take place while climbing stairs. In addition, back injuries are the most common ailments that send people to hospitals each year. An elevator can make your residence a safer place for both you, your loved ones, and visitors too. It’s especially helpful to homeowners who might be disabled.

Increasing Property Value

Residential elevators have become increasingly attractive to home buyers in recent years. Installing one will improve the resale value of your property. What’s more, if the residence is a vacation house, renters are very often willing to pay more for the convenience.

Your home is your most important investment. Adding a residential elevator is a great way to enhance it.