Spot the Scam: The Five Most Common Real Estate Scams in the Philippines

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“Winners are not afraid of losing. Failure is part of the process of success. People who avoid failure also avoid success.”-Robert Kiyosaki

 

Scams are rife regardless of whatever industry it might be. In the world of real estate, it is so much more pronounced and prevalent—so much so, that even in this digital age wherein information is conveniently and readily accessed online, quite a lot of people still fall prey to it. After all, as technology advances so does the means of conning people.

When it comes to deals, a good rule of thumb to always keep in mind is if a deal sounds too good to be true, it probably is. Sounds easy, right? However, if it were so easy, why are people still falling victim to these illicit and dishonest schemes and ploys nowadays? Well, probably because owning a home is not only considered as a keystone of wealth and stability, it is almost every Filipinos dream—a fact that is being capitalized on and exploited by charlatans and deceitful schemers. In this regard, prospective homebuyers should be a little bit more meticulous and thorough when it comes to choosing who they deal with—whether that may be property managers, real estate companies or real estate agents. The burden of responsibility in double-checking their prospective transactions and the legitimacy of such individuals is then, therefore, borne by the buyer. After all, no one can really be conned if every prospective homebuyer exercises his or her right to exhaustively check what they are getting into in real estate deals.

To prevent yourself from being robbed and conned out of your hard-earned money, it is best if you are made aware of the most common scams utilized by these fraudulent individuals here in the Philippines. Moreover, your protection against these scammers is buttressed by the research and validation you make. So, before closing a deal, be very sure you know who you are dealing with. If you are looking to buy a condo for sale in Makati or elsewhere, make sure you are not falling for any of the scams below:

 

Pre-Selling Scam

A common and rather widespread real estate scam in the Philippines is the pre-selling scam. Today, with condominium properties being a ubiquitous presence in the country, it would only be inevitable for scammers to see this as a real estate investment scam. Over the last decade, the real estate experienced a boom in the condominium property industry and as a result, we can see condominium properties in almost every nook and cranny in major cities. Pre-selling scams occur when developers do not follow the mandated rules as regards requisite permits. Alternatively, they may choose to attain these through illegitimate and dishonest means. To lure prospective buyers, developers would pre-sell their units at incredibly low rates with the promise of timely turnover dates. To sweeten the deal, they would even provide excellent incentives. Unfortunately, the scam occurs when the expected turnover day nears, the development is still not done. An extension is then repeatedly done until such time that the homebuyer would give up on it.

 

Double Sale of Property

As gleaned from the title, this scan occurs when a property in question is bought by two different buyers. It commonly occurs when the first buyer neglects or fails to register and transfer the title to their name to which the crooked owner would then sell it again. In effect, two buyers would now have the same title under their own names.

 

Bait-and-Switch Scheme

This scheme is a little more insidious and deceptive as prospective buyers are unaware of what they are really getting into until it is far too late. This scam is put into effect when real estate agents advertise real estate properties that they are not authorized to sell. Either the properties are handled by a different agent or are not really for sale. To entice buyers, these properties would be given incredibly low price tags which in effect, are considered baits. However, upon further inquiry, unscrupulous agents would then claim that the property is no longer for sale or has been sold. In this regard, agents would then offer their very own listings which are either pricier or less attractive than their previous offer (designated as the switch).

 

Insufficient disclosure

Such scam happens when a real estate developer or agent willingly, intentionally and knowingly withholds crucial information about the property from their prospective buyers. This information can range from anything an unclean title to the property being pending in litigation. In any case, the information withheld is vital enough as it would leverage a prospective homebuyer’s decision on buying the property. Should this information be disclosed, potential clients may think twice before buying. Some properties may come across as attractive and promising, but upon contract signing, you would be surprised to know information about the property you did not know then. Tax delinquencies, encumbrances, hidden charges, structural facts such as poor property foundation and the like are among of the less than desirable things you might find.

 

Individuals posing as real agent artists

Regardless of what industry you are in, you will always come across your fair share of con artists. The real estate industry is no exception—especially considering that a successful venture in it can be incredibly lucrative. Another common scam related to real estate in the Philippines is for an individual to pose as a real estate agent—a con artist if you may. It is because of these agents that the country experiences so many real estate frauds. In fact, they are to be blamed for most of the frauds related to real estate in the country. To give themselves the veneer of legitimacy and authenticity, they would exert efforts in creating professional-looking websites and put up listings that they have seen online and copied. Unfortunately, after they have successfully conned you into paying a security deposit or an initial payment, they will be gone before you know it.

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Send Me Your Location: Retail Spaces

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Commercial real estate varies from residential. The type and size of a business is a factor when looking into a potential commercial space. A small enterprise with limited inventory could settle in kiosks. Meanwhile, other firms may require spots in shopping malls or a free-standing structure.

There’s no need to rush when deciding on retail space. It’s much better to build a solid conclusion than a half-hearted decision. Below are pointers that can help one decide which is the best retail space for the business.

1. The space covers the business’s wants and needs.

Setting up a restaurant requires a huge floor area as it has a kitchen and a place for diners. A clothing store or fashion house at Solaris One may expect less than a restaurant. Meanwhile, a repair shop can do well with specific square footage especially when it doesn’t make stock items for sale. The size of the retail space will impact its price. It’s essential to note these details, especially when considering a budget.

Other than sticking to a budget, the potential of the business to expand is s factor to consider. The brand may attract customers that will boost sales and require an additional stock of merchandise, seating or service. The space must be enough to cover current needs, but it must also be flexible to allow expansion.

Lastly, the space must share the brand’s story. It must be customizable and ready for changes and renovations for owners and companies to convey their message to customers.

2. Customers and talents are within the area.

Knowing the brand’s target market provides an idea of the geographical location of potential buyers. If the space is in a place accessible to the target market, it gives them the convenience to avail the product or service. At the same time, consider the climate of the business community in the area. A community of supportive and growth-based entrepreneurs helps micro and small businesses thrive. Meanwhile, a competitive landscape is unhealthy for growing companies.

Future employees and staff must also be in mind when scouting for retail spaces. The ease of travel improves productivity at work. A workplace far from home results to tired and haggard talents. Their fresh energy gets worn out during the commute. When the retail space is near the skilled workers, the business gets the best out of its human capital.

3. The price of the property fits the budget.

Going for a retail space that is over the budget is overspending. It cancels the purpose of setting up a business – generate income to earn a profit. An area beyond financial limit causes troubles later on. Still, the space must be a high-quality retail space that suits the brand and enterprise.

4. Public transport and infrastructure are available.

The main concern when considering clients and staff is their convenience of travel. It’s a plus when the retail space is near different modes of transportation and government institutions vital to your operations. Moreover, it is also an advantage when Internet and telecommunication providers cover the business location. Since most transactions are online, the Internet connection will benefit operations by having a more extensive customer reach and streamlining business process.

5. There is space allocated for parking.

Most business owners forget to consider the need for parking spaces. Ample parking space is valuable for clients and people who are part of the company to prefer to reach the area through their vehicles. How hard is it for them to suitable parking space especially in a busy area such as a central business district. These people may choose a competitor with similar products or service because of the lack of space. Be it in front, back or beside the retail space, and the parking space must be accessible to clients.

6. The space must not have strings attached to it.

The full cost of the space comprises the rent, utilities, construction costs, moving expenses, and a list of other expenses that may not be obvious in the beginning. There may be costs associated with the move such as the restoration or remodeling of the space.

7. The lease terms and rental rates must be secure.

To get the best out of a lease contract, it must be subject to renewal. Any increase in rental rates must be subject to review by the landlord and the lessee. Furthermore, survey the rental price if it is the gross or net. Most figures are net. It only shows the base or the payable amount.

8. Furniture, fixture, and equipment is a must for business.

Their retail space must include furniture, fixture, and equipment since they produce products and offer services. Stocking these items in a corner contributes to an unpleasant environment. The retail space must be roomy for the bulky items. That is a property where rooms are not scarce is a keeper.

Retail Spaces Need the Time and Place to Come Through

The needs of the business entity as well as its customers and staff make up the factors to use as a guide when choosing a retail space. Besides these factors, the basics of deciding on real estate decisions such as lease terms, property price, additional expenses, as well as proximity to modes of transportation and infrastructure, affect the attractiveness of the space.

Note: This article was first published on May 5, 2016, as “Where Should You Locate Your Business?” It was revised and updated for accuracy and comprehensiveness.

Real Estate Investments: Four Factors and Aspects to Consider in Pricing a Home for Sale

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“The art of selling one house is different than the science of repeating it flawlessly over and over”-Chantel Ray

An excellent sentiment to keep in mind when it comes to selling homes is to price it right. As the maxim goes, if you price it right, it sells overnight. Should your price it wrong, then it stays on too long. With this in mind, giving your properties a fair selling price should be one of the significant considerations you should take into account. Although there is a myriad of factors that go into a buyer’s decision in closing a deal with a home seller such as the location and features of the home, the asking price of the property is of paramount consideration. However, how does one ensure that the home is priced just right? How do you come up with an asking price that would encourage a timely sale? Indeed, this has been a feat that has evaded even the most seasoned of home sellers as well as professional realtors. Considering that the real estate market is perpetually in an erratic state, coming up with an ideal price that would be a fair deal to both home buyer and seller as well as encourage a quick sale is something that would require years upon years of experience complemented with professional expertise—and even then, it does not always guarantee you an opportune sale.

Numerous studies have indicated that should a home remain on the market for quite a long time, there is a likely chance it would not fetch as much money as it would have when it finally does sell. This can be quite the predicament—especially if you have found yourself stuck with a property that would not sell because you priced it exorbitantly. For this reason, pricing a home correctly from the get-go is an imperative factor to consider. However, while accurately pricing your home to the dot is not easily done, it is very much doable. All you would need to do is to have an understanding as to how to go about the pricing process.

If you think you can con your prospective buyers into agreeing on a higher asking price, you may need one to reconsider that. Take note; your prospective buyers have all the access to a considerable amount of information about your home. With this type of information at their disposal, it will be implausible for a buyer to purchase a home at a price that is considered above market value. Unfortunately, quite a lot of sellers are under the impression that pricing a home higher would result in higher sales. Believing this sentiment could potentially be damaging to your revenue as the longer your home sits on the market, the more inclined you will be to reduce its price. In some cases, you might even be constrained to trimming it so that you can sell it. Pricing your homes right should be a vital consideration—regardless of whether you are selling a home or property in One Serendra or elsewhere. To ensure that value your home close to the appropriate asking price as you can, here are some of the factors you should consider:

1.) The condition of the market

Generally, before even thinking of selling a home, the standard practice is to take a long and meticulous look at the housing market. After all, if you do not scrutinize it well, you would not be able to come up with a realistic asking price. For some time, the real estate market has shown signs of improvement. But, do not let this be the sole basis of your asking price as over the years, there have also been several dips that might consequently result in more dips as time goes on. Selling on a slow real estate market climate means having to price your homes competitively—that is if you wish to move the house. Alternatively, you can bide your time and wait for things to improve. However, if the market does not recover, you would be compelled to pricing your home lower than what it would have fetched should you have begun at the outset.

2.) Compare sold properties

One aspect to consider when pricing your home right is to take a look at recently sold properties that are in your area. Apart from that, look for properties similar to yours and come up with a figure that would be both fair to you and your buyer. The population density of your area should be a consideration. If you live in a particularly populated city, your search should only be limited within a mile of your home’s location for recently sold homes.

3.) Consider current inventory

If you wish to have an approximate feel of how competitive the real estate market is, take a gander at the current home inventory in your area. If there are a plethora of houses similar to yours at the moment, you would need to price your home a little more aggressively to attract attention—particularly in a competitive market climate. However, if there are fewer homes for sale, you can price your homes a bit higher if you wish as there would be quite a number of people looking to buy. However, the main driving point for your asking price is to ensure that your home stands out from the other homes on the market. It should be distinctive and should attract attention.

4.) Compare active properties

Apart from taking a look at the overall home inventory in your area, another thing you should consider doing is to analyze other properties that are currently for sale while you, yourself are selling. Homes that are already on the market have already gone through the very same processes you subject your homes go through. With this in mind, the prices of these homes would give you a rough estimation of how much your asking price should be. If you priced your homes higher than comparable homes, you run the risk of the house sitting and not selling. As a result, your home would be less valuable.

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Send Me Your Location: Office and Start-Up Version

Location is crucial for businesses.

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It helps customers and clients identify the headquarters. It gives employees a conducive space to generate ideas, innovate and work on their projects. Most of all, it provides a solid ground for your brand.

The locations serve as the shelter for the business. It houses your assets – equipment, supplies, and goods. A small shop or a spurring start-up can function without one. However, a growing enterprise needs space for daily operations. As your business gains more employees, equipment, and pieces of furniture, it requires a working area for all of these things.

The Right Working Space

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Choosing the right office space depends on your company’s needs. You can go for the traditional set-up – typical rented or leased spaces. You can occupy a unit or the whole floor. This type of set up can be costly and increase monthly expenses.

There’s an alternative for companies starting out. They can go for coworking spaces to reduce their annual fees on rent and increase income. A coworking space like a serviced office Makati allows employees from different companies to work in peace. The ambiance is relaxed and employs an open-floor plan.

Finding the right office location comes with finding a suitable working space. Surveying by asking the needs of your employees, considering your priorities, and positioning your business near the target market are some ways to help you spot the right location.

Coworking Spaces vs. Normal Spaces

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As small businesses favor collaboration over competition, shared working spaces become the trend in the industry. Gone are the days when a building is dedicated to one establishment. Moreover, there’s a limit to cubicles and cubbies. Extended sofas and long couches are welcome in the office. Identifying the difference between standard and coworking spaces helps you decide which office space fits the bill. Below are some of the concepts behind shared working spaces.

1. Open-floor plans encourage interaction.

Start-ups embrace the casual and informal. A modern working space can be a large open floor plan in a high-rise building. It can also occupy several floors in a renovated warehouse. The lack of physical barriers such as walls, cubicles, and dividers draws people together. Brainstorming sessions, a quick chat, and other social interactions allow people to converge. Convergence helps sort out problems and come up with innovative solutions. The effect increases overall creativity and productivity.

2. The office becomes an avenue for networking.

A coworking office has a charged environment. Ideas continuously bounce between professionals even when they aren’t in the same industry or working field. As long as they have a similar nature, they can discover new schemes relevant to the playing field, acknowledge a different set of skills, or find a collaborative venture. A working setup that’s open to people from various industries allows them to target market other than existing ones.

3. Coworking spaces build communities.

The freedom to network and build lasting connections promotes communities. Shared interests and similar values bolster camaraderie. The casual set-up takes the pressure off networking while retaining the professional stance. Hence, people become comfortable working on their own or with a colleague by their side. Communal working areas strengthen the bond between organizations.

4. The set-up reduces operational costs.

When a company subscribes to communal spaces, it taps to others to share the rent or lease expense. The strategy is a win-win for both enterprises. Both companies reap the rewards of coworking environment while working on their individual goals and targets. The coworking space won’t become a place for seclusion. It becomes a place where everyone can use the resources that won’t limit their capacity when working on a project.

These are the backbone of the coworking space concept. It only gives the overview of the office set-up and doesn’t include the full picture of working in one. It tackles the interior of an office location since it is vital to the company. Though safety and precaution are necessary to the reputation of each establishment, having the right set-up still on the same level as those factors.

With that in mind, you can bring the best office experience to the table when you maximize the potential of your space. This year brings new exciting trends to office space interior design as it considers the role of employees’ lifestyle changes and self-improvement. Furthermore, enticing interiors are companies’ ploy to lure the best talents and clients. It becomes a factor to optimize performance without sacrificing the perfect office location. Below are some of the 2018 office management trends that would circulate the corporate environment.

  • There will be a community manager.

It helps when there’s an administrator to tie loose networking connections in coworking space. The community manager helps business from various industries to connect and work alongside each other when needed. It enables companies to team up through referral or other forms of networking function. The result increases the value of the office location and furthers the growth of the industry.

  • Workspaces are flexible.

Besides working hours, office spaces are now into flexible arrangements. Some companies embrace unassigned seating and resimercial design on the production floor. On top of that, there are different conference rooms for casual and formal meetings.

  • The one-size-fits-all is dead.

As stated above, every organization has different needs and requirements. Thus, the design of the working is must not be about whether it’s a closed vs. open plan office. The office area must support leadership goals of the organization before anything else. Hence, it must take note of the organization’s unique requirements to optimize employee performance.

  • Women will take over leadership positions.

The number of female employees in an organization will rise as the cultural shifts occur in societies. As companies tap into the potential of women to lead and execute powerful business strategies, the company expands into various proportions. Consequently, exploring the pool of female talents is a great avenue to differentiate your practices from the norm.

Office location, set up and management is the triad of a thriving office environment. A great business location isn’t because you’re in Paseo de Roxas or McKinley Hill. It also considers the workspace layout and administration.

Though start-ups have limited net income, going for coworking spaces just might save the day. Going to a communal working area won’t be bad once the organization sends their location to focus on communicating their brand.

Smart Investments: Four Ways to Avoid the Common Pitfalls of Investing in Real Estate

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“Persist—Do not take no for an answer. If you are happy to sit at your desk and not take any risk, you will be sitting at your desk for the next twenty years.” –David Rubenstein

Much like any other career or business in the world, real estate investment takes time, commitment and a little discipline to get good at. It does not only take a fortnight to be successful in your real estate endeavors—for some, but it can also even take years and years of trying, failing, learning and getting back at it again.

The trick here is never to give up and keep persisting. After all, every failure is a valuable lesson. Unfortunately, most novices and budding real estate investors would give up at the first brush of failure because they were under the misguided impression that a career in real estate would mean easy money. This could not be any farther from the reality of how things are. The truth is you will try, and you will fail, but this should not deter you. Study and learn as much as you can about the process and refine your techniques. Reevaluate your strategies and try to pinpoint where you have fallen short before. However, if you wish to mitigate the possibility of committing failures, here are some of the tried and tested ways to do exactly that. Whether you are planning to invest on properties in Avida Towers Centera, there are common strategies (proven by those who had already made a fortune in the industry) that would help you succeed with fewer mistakes.

When investing in real estate, here are the principles and concepts you should consider:

1.) Have an analysis spreadsheet that contains your prospective rental properties

A wise investor would not immediately close down on the first best deal he comes across. Instead, he would take note of that, find more deals, collate them and analyze them in a single spreadsheet. Commence your analysis with the Fair Market Value, money down the improvements done, the rental income, expenses and its prospective ROI figure. Weigh your options by subjecting every possible deal through your spreadsheet. This is crucial because it helps you pick out not only the best properties but the best deals as well.

2.) You are buying numbers

Do not make the mistake of envisioning yourself living in the property you are buying. Take note: You are not buying a home to live in; you are investing to buy yourself numbers. Getting far too attached to the property you are investing on can be a fatal mistake as it clouds your judgment. When you are emotionally involved, you will invest far too much time or capital than necessary which could be detrimental to your ROI. This is neither about what you want nor what you need. It is about how much you can make off the property. Remember, channeling most of your financial resources into one property so that you can bloat the rental rate is not always a feasible option. It might even backfire on you.

3.) Do your research

If you are going to be spending a significant amount on an investment property, research is not only recommended but paramount. Do your research and do it again. As stated above, do not buy the first property you see outright. Take your time and look for more properties. Weigh your options and enumerate the reasons that make a certain property great. Run it through your analysis spreadsheet and let the numbers speak for themselves.

4.) Buy local if possible

The operative word here is if possible. This means to buy local only if you can—not buying ONLY local. Do not get too focused on buying local just so you can check on the property. Quality rental properties are still superior to local ones that do not quite make the cut after all. However, if you are already lucky enough to be living in an area with a thriving rental market with proven returns on investment, then buying local should be your initial focus.

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Neighborhood Living: The Types of Neighbors and How to Deal with Them

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“And good neighbors make a huge difference in the quality of life. I agree.”-Robert Fulghum

Neighbors can either be the bane or boon of your existence.

It all boils down to how you deal and interact with them. Every neighborhood has its fair share of zany and quirky neighbors. Moreover, it also has its fair share of the other kind of neighbors. You know? Those neighbors you do cannot seemingly handle that smiling at each other when you do come across them can seem somewhat forced. Back in the day, almost everyone knew their neighbors or at have at least met them once. However, in this contemporary living setup we have today, it seems like most people would rather keep to themselves considering how perpetually busy their daily routine is. In fact, people would not even be surprised if you have lived in your house for about a decade now and have not had the opportunity to meet your neighbors.

In some cases, this can be a good thing—especially if you are surrounded by oddball and unusual neighbors. However, regardless of what kind of neighbors you have, it is inevitable to have a semblance of a community about you. After all, you are forced to coexist in one neighborhood, so you might as well get along as breezily as you can to ensure optimal residential and neighborhood satisfaction. No matter where you live, how you co-exist with your neighbors can make the difference between a yearly litigious battle and a harmonious coexistence. In any case, whether you live in Avida Asten or elsewhere, it is best to have a thorough understanding of the kind of neighbors you have or might have.

In this regard, you will be able to deal with them better.

1.) The Home Devaluers

While these neighbors are relatively harmless and friendly enough, the same thing cannot be said about how they treat their homes. In fact, they have a specific disregard to how they take care of their homes. Their lawns look like a jungle, and their car is probably left to rusting the front yard. From your perspective, this is more of their problem than yours. Unfortunately, if they live next to or right across you, this can be a significant problem when it comes to the resale of your home. To address this dilemma, communicate with the offending neighbor and get to the root of the cause of their neglect.

2.) The Dangerous Neighbor

Some neighbors are not really worth getting to know at all. However, it would bode you well to be aware what their dislikes and boundaries are so you would never cross them. If you see your neighbor ensuring that his or her lawn is painstakingly spruced up, then you would be wise not to cross that well-manicured lawn. You will never know what might set them off, so it might be best if you just kept to yourself and left them to their own devices.

3.) The Richer than Thou Neighbor

Every neighbor has one. Of course, no one can stop these neighbors from being rich, but the least they could do is stop being so ostentatious and showy about it—at least according to you. It seems to everyone in the neighborhood that they are trying to constantly one-up everyone by buying new things such as the latest cars and latest home improvements just so everyone else can feel inferior. Well, the truth is all you can do is just to cope. Remember, what is sparkly on the outside is not always as glittery on the inside. What you have to keep in mind that every family is dysfunctional to some degree and just because your neighbor is bringing in a new car almost every other month does not mean that trouble is not brewing at home. Chances are, their overindulgence and overspending are both probably trying to compensate for something lacking.

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Healthy Workspaces: How To Determine an Eco-Friendly Workplace

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A healthy lifestyle doesn’t only stem from daily intake of food and alternating activities to sitting and moving around. The environment you frequent also has a lot to do with what goes on with your body.

Adults spend most of their day in an office space. Thus, the environment of the workplace influences their stress levels including their mental and physical states. A serviced office Makati isn’t spared from a toxic or ecologically inefficient workplace. To determine if the development is an advocate of the green movement, refer to the SPACE test.

The SPACE test is useful when gauging real estate properties. You can also refer to it when estimating the value of the office space.

S – Savings

Though eco-friendly workspaces come with pricey details such as panel insulations LED lights with dimming light fixtures and other energy-efficient systems, an environment-friendly office space must encourage you to save. Having an office floor equipped with workstations minimizes the need for furnishing and equipment. Most of all, the area must have maintenance services.

Some features of energy-efficient places include the use of stairs. It also features open spaces and overlooking greeneries to encourage air circulation and cool the area. These features minimize the use of central air-conditioning as well as elevators and escalators.

Since office spaces are available on lease, it’s important to negotiate the upfront costs to save money on monthly fees.

P – Productivity

Working environment significantly impacts well-being. Placing a bunch of plants and incorporating natural light results to fewer sickness-related absences. It also increases employee’s concentration levels as the air becomes cleaner and purified by the plants. Moreover, employees are likely to converge and engage in well-lit and comfortable spaces. Natural light encourages dopamine production, a hormone that regulates the mood. Thus, people will associate the area with happiness.

Besides the highlights of the area, a productive space encourages shared workstations and locations. Flexible office regulations that allow telecommunication from home reduces overhead costs due to minimal floor area per employee.

A – Address

Ideal workplaces are short distances from prospects and clients to reduce their carbon footprint. Most office addresses are located in cities and neighborhoods of Makati CBD, Ortigas, and burgeoning other towns. These prestigious addresses come with a cost.

A highly efficient workplace settle in cheaper settlements with a sense of prestige. The ambiance of the neighborhood and its proximity to social and security services is more important than the label of the address.

C – Clauses

Office rentals come with stipulations. It’s best to read the details of the print before signing the contract. Be sure to understand the aspects of the clause to avoid unexpected fees along the way.

The leasing contract of the office space entails the rent due, limitations of use, and maintenance obligations. At the same time, it relays when the location of the office comes with an advantage. PEZA zones or Philippine Economic Zone Authority areas, for instance, are subject to tax exemptions. Moreover, some areas include environmental tax or fees depending on the nature of service of the company.

E – Expansion

Make sure to choose areas with provisions for expansion in case the business or company wishes to expand the office space. If you want to downsize, the office rental management must allow sub-leasing or sharing of extra spaces with others.

The SPACE method is highly efficient in considering the economic aspects of a workplace. Lots of spaces are available. All of them have the potential to house a growing business with a sizeable number of employees. Unfortunately, not all of them have the salient details of an environmentally conscious working space.

9 Home Decorating Finds To Score This 2018

Shopping for home decoration is similar to buying clothing.

You must take note of the measurements, quality, color, and material among other things. A lot goes on with interior decoration. Visiting the right store on top of scouring the pieces you wish to include in your home proves to be a source of a headache when you are at a loss for ideas.

A new condo for sale in Makati is in dire need of decorating. Luckily, luxury malls like Glorietta and Greenbelt are just around the corner to provide you with your decorating needs. If you plan to go for a haul or just redecorate, you must add these ten items on your list to score during your shopping trip.

1. Contrasting palettes

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Fusing bright and unexpected colors such as oranges and blues or purples with earth tones complement audacious personalities. These color combinations can work on small items and trinkets as well as pieces of furniture. Ashley Home Store at Glorietta 3 has signature home furniture, accessories, and mattresses.

2. Dark paint

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Rooms with enough light from windows can take on a dark color. Midnight blue, charcoal or terracotta are some hues you can try for a bold interior. True Value at Glorietta 1 offers a wide selection of paint colors

3. Decorated fireplace

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A standard feature on top of chimneys is the mantel-piece design. It makes the area feel outdated. Covering the outer walls of the fireplace with wallpaper or paint is more tasteful.

4. Disco ball

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Adding a disco ball in the living room or entertainment area makes an instant party place. The ball doesn’t provide illumination, but it’s an excellent reflector. Contemporary home stores like Dimensione may have one lying around their showroom.

5. Geometric shelving

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Irregularly shaped storages double in form and function. They are highly useful in keeping the space organized while adding design.You can opt for a standee that is a work of art in itself, or you can install some storages on an empty wall. Paint its inner part with bright hue to make the items out. A store like Home Bound has stunning pieces of functional furniture.

5. Lampshades

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An efficient way to change your home without spending too much, you start with the small items. Changing your lamps shades with bolder patterns and brighter colors improve the aura of the room. Try exploring A Touch of Elegance at Glorietta 4 for lighting inspiration.

6. Patterned flooring

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For the bold and loud characters, you can place your focus on the floor. Stencils or printed details like Moroccan-inspired or paisley patterns effortlessly brightens the area. Paint splats over solid colors is a simple way to include design while giving life in the space. Handyman has every decorator’s needs in store.

7. Oversized pendant lights

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Pendant lights or enormous chandelier changes the ambiance of the room. The oversized item dictates the personality of the area. To keep the balance of the room, ensure that the size of the light pendant is within the size of the table underneath it. Decor, a lighting boutique at Glorietta 4 has a variety of overhead lighting options.

8. Upholstery

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Another way to include patterns in your home is by installing brightly printed fabric on your chairs. If covering the whole things seems overboard, keep one side in a solid hue. The remaining side works with loud prints or patterns. The pieces at Victoria Mondiale combines comfort and aesthetic.

9. Unpredictable side table

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You can try a different surface instead of the usual four corners. A table with unexpected features – wooden vine-like legs or animal-shaped body – are ideal conversation pieces. Some surfaces can stand alone while others need support like a glass topper. Muebles Italiano has furniture pieces inspired by generations of culture and artistry.

Indeed, the malls of Makati CBD solves decorating woes. Glorietta guarantees to fill your condo unit with class and style. Most of all, it will amplify the color your life has to offer. These pieces will make you look forward to your time at home.

The Top Four Mistakes First-Time Homebuyers Make

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“You cannot have everything you want, but you can have the things that really matter to you.” –Marissa Mayer

 

Buying a first home in today’s real estate market should be relatively easy. However, for those who are going into the venture sans the experience, it can be rather confusing and a tad bit frustrating at times. As of recent times, the housing market is showing no signs of declining and slowing down—in this regard, many prospective homeowners would feel incredibly confident about the timeliness of their purchase should they choose to buy a house now. However, if one travels through the unchartered  (in the case of first-time homebuyers at least) paths of buying and acquiring homes, mistakes and oversights are easily made. If you are a budget or have saved up for this monumental milestone (as is the case with most first-time homebuyers), you cannot really afford to make any error that would inevitably lead to a financial blunder.

Regardless of how small a financial mistake might be, making the wrong move in a saturated market would often lead to pecuniary remorse and inevitably, home buying misery. Unfortunately, first-time homebuyers are predisposed to committing these errors if they are left to their own devices and are armed with insufficient information. In any case, you can mitigate the chances of committing these lapses if you are equipped with prior knowledge prior to making your first purchase. Whether you are eyeing your first home to be in Avida Towers Cebu or elsewhere, here are some common first-time homebuyer mistakes you ought to avoid:

 

Buying a home that is too expensive

What is expensive and cheap is relative to how much the homebuyer actually earns. However, regardless of what kind of home you are looking to purchase, you should always remember to stay within your budget. How much you can afford largely varies but it depends on your debt to income ratio. Remember, you are not only going to be spending for the home alone, you would also have to take into account your monthly utility bills, groceries, insurance, etc.

Not hiring a realtor

As this is your initial venture into buying a home, it would bode you well if you worked with a professional whose expertise is in how real estate works. More often than not, homebuyers would rather forego the assistance of a real estate agent thinking that this is just another expense. Sure, it might be another aspect to pay for but think of it as a worthy investment. After all, you would stand to spend more should you purchase a home without the aid of an agent.

Not leaving room in the budget for other expenses

Unlike renting, owning a home would mean that if something breaks, you have to fix it. However, most first-time homebuyers do not seem to realize this. As a result, they would often not leave any room in the budget for any other expense. Your budget should not only comprise of what you pay for the initial down payment of your first home. In fact, it should cover a myriad of things. In this regard, you should also ensure that you leave enough to have extra money each month should you ever have the need for it.

Putting too much or too little down

Coming up with the down payment is already a major challenge when it comes to buying your first home, so defraying most of your home’s total price should be a good thing, right? Not necessarily. Putting up too much money for the down payment would cause a severe imbalance on your money savings and as a result, you may end up bungling your monthly budget. In this regard, you should not be overeager about paying up majority of your first home’s total price. Instead, pay just enough that you would still have a little legroom in your monthly budget to ensure you can cover any other expenses should you need it. Remember, you cannot always plan for every contingency, so should an emergency happen, you want to be adequately prepared financially.

 

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Rental Investments: Five Excellent Tips to Prepare for A Rental

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“To stand out, you just need to do a few things others are not willing to do.” –Michael Hyatt

There has been no question that renting out one of your unused properties is an excellent avenue for real estate investment. However, with a myriad of rental properties in almost every nook and cranny in the city (from condo units in Avida Towers Centera to apartment units elsewhere), how do you ensure that your rental property makes the cut and gets selected? Remember, every single day that you have a vacancy at your rental property is considered a loss of potential profits. However, while tenancy is mostly a hit or miss thing and has more to do with your luck in finding tenants than anything else, there are ways of ensuring that your rental properties would entice tenants to rent it out.

Apart from being situated in proximity to schools, offices and entertainment hubs, it pays to prepare your rental properties for occupancy by tenants. So, if you have been thinking of renting out any of your properties, here are some tips that would not only help you navigate through the process but make it a bit easier as well.

1.) Start the process at least six weeks out

Of course, if you are getting ready for tenancy, a little work goes a long way to ensure that the home is ready for occupants. Apart from ensuring that the home is rental-ready, you would also want to present it at its best before you even start giving your prospective tenants a tour of the home. Take note; most tenants start scouring the neighborhood for potential homes at least a month prior to their move. So, start at the earliest possible time.

2.) Spruce it up

Of course, part of beautifying your rental properties as well as making an excellent first impression on your prospective tenants is to make sure that the unit you are presenting to them is clean. Apart from cleanliness, you should also invest a little in giving it a little touch-up. Spend some time and money in applying a fresh coat of paint on the walls, incorporate fresh flowers into the home, get rid of the clutter and organize. Remember, tenants, are more inclined to rent a unit that is not only well-prepared but clean as well.

3.) Change your insurance

Whatever existing policy you have might not be sufficient enough to cover you should you become a landlord. So, before signing a lease, it is best if you find time to down with your insurance agent and discuss what available coverage options you have. Ask them about their landlord’s policy which is also known as a dwelling policy and update your existing coverage.

4.) Do not overlook legal technicalities

Before drafting your lease contract, research the existing laws of your area first. Chances are you would be required to obtain licenses and permits. Furthermore, you would also need to undergo an inspection. In most areas, tenancy is considered a business which would inevitably require a license from you—regardless of whether it is only for a single property or a series of properties. Learn the requirements of being a landlord and tenancy before renting out your home to mitigate the risk of getting into legal snarls.

5.) Decide if you will accept pets

Know that even though you will have more prospective clients should you accept their furry friends as well, there will also be some tenants who would not be so receptive to sharing a roof with four-footed creatures. However, ensure that you and your tenant are on the same page when it comes to pet policies. It would not hurt to make sure that he or she is a responsible pet owner as well. Your pet policies should be in place in order to prevent costly damage, noise and other pet-related problems. Moreover, you can then decide whether you will charge pet rent or fees.

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