Poll

Not to consider H & L, kung papipiliin ka? New Condo or Second Hand Condo?

New Condo
Second Hand Condo
Not sure
Both
Will think about it

Author Topic: Kung papipiliin ka? New Condo or Second Hand Condo?  (Read 6635 times)

0 Members and 1 Guest are viewing this topic.

IntraLover

  • Sr. Member
  • ****
  • Posts: 338
  • Karma: +0/-0
    • View Profile
Kung papipiliin ka? New Condo or Second Hand Condo?
« on: May 20, 2012, 12:41:48 PM »
Kung papipiliin ka? New Condo or Second Hand Condo For Investment? Bakit?

PesoRepublic.com | Your smart guide to money matters and entrepreneurship.

Kung papipiliin ka? New Condo or Second Hand Condo?
« on: May 20, 2012, 12:41:48 PM »

Mountain View

marygracedatuin

  • Jr. Member
  • **
  • Posts: 78
  • Karma: +0/-0
  • I'm a PesoRepublic Fan.
    • View Profile
Re: Kung papipiliin ka? New Condo or Second Hand Condo?
« Reply #1 on: June 07, 2012, 04:17:52 PM »
I have always fantasized about buying a brand new home. To ensure the quality, I used to get or hire a home inspector to scrutinize the HVAC and plumbing system of the place. And of course, I always consider the residential developer of the house. Just to advertise a bit, I really admire the works and projects of DMCI Homes. In fact, I just bought a unit in The Amaryllis (Quezon City).

cathreyes

  • Newbie
  • *
  • Posts: 18
  • Karma: +0/-0
  • I'm a PesoRepublic Fan.
    • View Profile
Re: Kung papipiliin ka? New Condo or Second Hand Condo?
« Reply #2 on: June 07, 2012, 06:29:21 PM »
Second hand condo units due to foreclosure? There are ways to stopping this. If you want help, I am willing to provide you.

Anyway, there's really nothing wrong with buying either of the two. Their prices may vary but the quality never devalues, if and only if, these condo units are purchased in a proficient and accomplished real estate development company.

PinoyLife

  • Full Member
  • ***
  • Posts: 123
  • Karma: +0/-0
    • View Profile
Re: Kung papipiliin ka? New Condo or Second Hand Condo?
« Reply #3 on: June 08, 2012, 05:41:42 PM »
how would you know that the second hand condo is for foreclosure? kunyari may nag alok sa inyo as second home buyer, malalaman mo ba na foreclosure agad yun? not unless nakadeclare na sya for foreclosure sa banko...  dba?


Your smart guide to money matters and entrepreneurship";}

josephv

  • Newbie
  • *
  • Posts: 31
  • Karma: +0/-0
  • I'm a PesoRepublic Fan.
    • View Profile
Re: Kung papipiliin ka? New Condo or Second Hand Condo?
« Reply #4 on: June 14, 2012, 12:06:11 PM »
There definitely are differences pero depende pa rin sa isang buyer 'yan. Ako, either of the two kung galing naman at itinayo ng isang prominente at magaling na developer. Gaya na lang ng binili kong condo sa Cypress Towers. DMCI Homes built siya, at sobrang kuntento ako sa naging desisiyon ko. Nagpa- reserve na nga ako ulit sa isa pa nilang bagong development sa may Quezon City. The Amaryllis ang pangalan niya. You can view it here: http://www.dmcihomes.com/the-amaryllis.php para malaman mo ang kagandahan nito.

MotherTouch

  • Full Member
  • ***
  • Posts: 208
  • Karma: +0/-0
    • View Profile
Re: Kung papipiliin ka? New Condo or Second Hand Condo?
« Reply #5 on: June 15, 2012, 10:10:05 PM »
@joseph, so far so good ok naman po ang Cypress Condo nyo? Wala ka naman naging problem with your developer?

marygracedatuin

  • Jr. Member
  • **
  • Posts: 78
  • Karma: +0/-0
  • I'm a PesoRepublic Fan.
    • View Profile
Re: Kung papipiliin ka? New Condo or Second Hand Condo?
« Reply #6 on: June 27, 2012, 03:08:35 PM »
@joseph, so far so good ok naman po ang Cypress Condo nyo? Wala ka naman naging problem with your developer?
Well-maintained ang Cypress Towers. Dahil ito sa magaling na pamamahala ng Property Management Officer nila. Ayos din ung Café sa Penthouse, lalo na kung gabi kasi kitang-kita ung skyline ng Taguig City.

mariadeogracias

  • Newbie
  • *
  • Posts: 20
  • Karma: +0/-0
  • I'm a PesoRepublic Fan.
    • View Profile
Re: Kung papipiliin ka? New Condo or Second Hand Condo?
« Reply #7 on: July 16, 2012, 01:37:44 PM »
It depends siguro sa lifestyle at needs ng home buyer. Kasi kung maliit ang budget, definitely, sa second hand condo. Although may discount advantage, I'm sure, marami namang risk. Hindi ka rin nakasisiguro na nag- undergo ito ng home improvement. 'Di katulad sa bago, na ensured ka sa kalidad at disenyo. Gaya ko, I just purchased a unit sa Rhapsody Residences,DMCI Homes at nagmadali ako kasi sa December na ang turnover date nito. 

mariadeogracias

  • Newbie
  • *
  • Posts: 20
  • Karma: +0/-0
  • I'm a PesoRepublic Fan.
    • View Profile
Re: Kung papipiliin ka? New Condo or Second Hand Condo?
« Reply #8 on: July 16, 2012, 01:40:16 PM »
@joseph, so far so good ok naman po ang Cypress Condo nyo? Wala ka naman naging problem with your developer?
Well-maintained ang Cypress Towers. Dahil ito sa magaling na pamamahala ng Property Management Officer nila. Ayos din ung Café sa Penthouse, lalo na kung gabi kasi kitang-kita ung skyline ng Taguig City.

This I'll definitely agree kasi nakatira ako sa Cypress Towers for two years now. Yes, you're pertaining to SOMI Cafe, ang sarap ng strawberry smoothie nila lalo na ang carrot cake nila. 'Di nakakasawa gaya na lang ng mga amenities nito. Lagi nga ako sa pool at sa gym.

marygracedatuin

  • Jr. Member
  • **
  • Posts: 78
  • Karma: +0/-0
  • I'm a PesoRepublic Fan.
    • View Profile
Re: Kung papipiliin ka? New Condo or Second Hand Condo?
« Reply #9 on: July 18, 2012, 01:21:12 PM »
@joseph, so far so good ok naman po ang Cypress Condo nyo? Wala ka naman naging problem with your developer?
Well-maintained ang Cypress Towers. Dahil ito sa magaling na pamamahala ng Property Management Officer nila. Ayos din ung Café sa Penthouse, lalo na kung gabi kasi kitang-kita ung skyline ng Taguig City.

This I'll definitely agree kasi nakatira ako sa Cypress Towers for two years now. Yes, you're pertaining to SOMI Cafe, ang sarap ng strawberry smoothie nila lalo na ang carrot cake nila. 'Di nakakasawa gaya na lang ng mga amenities nito. Lagi nga ako sa pool at sa gym.
Nabisita ko na rin yung SOMI Café (sa wakas). Masarap yung Choco Lava nila. Haha. Tapos napakaganda ng skyline view mula doon sa skylounge. 

Technopreneur101

  • Full Member
  • ***
  • Posts: 225
  • Karma: +0/-0
  • i Love PesoRepublic.com
    • View Profile
Re: Kung papipiliin ka? New Condo or Second Hand Condo?
« Reply #10 on: July 19, 2012, 01:19:39 PM »
given a chance siguro pwde ako kumuha 2nd hand tapos renovate ko nalang para gumanda.. cheaper pa pag ganun.

 ;D ;D ;D

aenelsantos

  • Newbie
  • *
  • Posts: 20
  • Karma: +0/-0
  • I'm a PesoRepublic Fan.
    • View Profile
Re: Kung papipiliin ka? New Condo or Second Hand Condo?
« Reply #11 on: July 19, 2012, 02:02:45 PM »
Although, nakasalalay 'yan sa lifestyle ng tao, mas pipiliin kong manatili sa bagong condominium. 'Di dahil sa bagong design nito, kundi dahil sa bagong advancements mayroon ito. Isa pa, mas ligtas kasi bagong gawa. Gaya ko, sa pre- selling ako bumili. Zinnia Towers sa may QC. Isa sa mga technological advancements nito ang Lumiventt Technology Design.

jerickval

  • Newbie
  • *
  • Posts: 20
  • Karma: +0/-0
  • I'm a PesoRepublic Fan.
    • View Profile
Re: Kung papipiliin ka? New Condo or Second Hand Condo?
« Reply #12 on: July 26, 2012, 12:38:35 PM »
Siguro naman, any person would choose the new one. But then again, we are always restraint to having all what we want in terms of resources. kung walang malaking budget, then we have to settle sa old development. But still, we have to make sure na ang pipiliin natin ay 'yung alam nating magiging safe at secured tayo. But if we want to pursue sa new development, then, it's a much better decision. Kasi all the technological advancements you would expect from a condominium ay nandoon. Just like I who recently purchased a unit in Zinnia Towers along Quezon City.

marygracedatuin

  • Jr. Member
  • **
  • Posts: 78
  • Karma: +0/-0
  • I'm a PesoRepublic Fan.
    • View Profile
Re: Kung papipiliin ka? New Condo or Second Hand Condo?
« Reply #13 on: August 06, 2012, 12:05:13 PM »
Oo, para sa mga talagang kulang at badyet pero desperadong magkaroon ng condominium, second-hand condo unit ang sagot diyan. Pero para sa akin, mas satisfying kung brand new condo ang bibilhin.

AdGeek

  • Hero Member
  • *****
  • Posts: 660
  • Karma: +1/-0
    • View Profile
Re: Kung papipiliin ka? New Condo or Second Hand Condo?
« Reply #14 on: November 16, 2012, 05:57:53 PM »
SHARE KO LANG PARA SA LAHAT:

DO'S AND DONT'S IN BUYING CONDO
(FOR 1ST TIME BUYER)
Dreaming of buying that condominium in the heart of the country’s two fastest-growing business centers?

First-time condominium buyers, especially balikbayans or migrant workers, usually find themselves in a quandary when confronted with opportunities to purchase “vertical” property as opposed to the run-of-the-mill horizontal property, or a house and lot.

To help balikbayans and migrant workers in choosing the right condominium, Cynthia Palad-Yap, the owner and general manager of Real Estate Movers Inc., bares nine tips—which she readily shares with clients—on how to buy a condominium in the Philippines.

Location

“When it comes to buying a condominium or any other real property, location is key. You should ask yourself, ‘Is it near major thoroughfares? Is the condo located in a quiet area and yet accessible to commercial areas, schools and hospitals?’” Palad-Yap says.

If the buyer is a balikbayan or migrant worker, the most important question may be, “How many minutes is the condominium from the airport,” she adds.

Palad-Yap, however, is partial to Fort Bonifacio, which she points out is “a very good location.”

“It’s only 30 minutes from the Ninoy Aquino International Airport and is practically close to major locations like Makati, Pasig, Mandaluyong, Quezon City, Manila, Antipolo, and Alabang. Fort Bonifacio is right in the middle of everything,” she says.

‘Mastaplan’

Every good condominium has a masterplan that details correct zoning and strict adherence to laws. Palad-Yap says she advocates not only the preparation of a good masterplan for any condominium building but also convincing buyers to take an active interest in the plan.

“A good masterplan incorporates several factors like zoning, floor area density, security and traffic management, designation of area for open spaces, parks and landscaping, and reliable utilities,” Palad-Yap shares.

She says one way to determine the “soundness” of the plan, buyers should try imagining in their mind’s eye how the place will look like five to 10 years from the time the condominium was bought.

Again, Palad-Yap tells buyers that Fort Bonifacio, or better known as Global City, has a good masterplan, pointing out that the sprawling former military camp is “world class.”

Reviewing the track record of the developer, builder, or project manager also plays a big part in determining what condominium a buyer should go for.

“Ask the developer whether the project was finished on time or delivered exactly as they promised,” Palad-Yap says.

Turnover date

Knowing when the condominiums were actually turned over to their respective owners is also very important, Palad-Yap shares.

“Why invest in a condo that will take forever to be turned over? Remember that the reason you, the buyer, is investing in a condominium is because you and your family are looking forward to using it immediately,” she says.

“The typical balikbayan will like to have a place of their own when they visit the Philippines, while other investors like to lease out their condos for rental income. The point is you are buying a condo because you like to get the benefits at a shorter waiting time,” she adds.

Building density

The model unit may look off the charts but remember that it is just that—a model. There are a lot more factors to consider than simply getting a superficial taste of the condominium by viewing brochures and other walkthroughs.

“Far from it,” Palad-Yap assures. “You should consider not only the aesthetics but also factors such as the number of units per floor of the building, the total number of floors, and the number of—functional—elevators or stairwells.”

“Simply put, the density of the building will determine the number of tenants. This will impact greatly on foot traffic, elevator waiting time, and privacy,” she adds.

Unit type

An often-neglected factor in choosing a condominium is whether to buy a flat or a bi-level or loft unit. Why is it so important? Because it will determine the amount of living space.

A flat is the more common type of condominium where all bedrooms, the living room, dining room, and toilet and baths are located on a single level. A bi-level or loft, on the other hand, has a staircase that leads to a loft or second floor where the bedrooms—and sometimes a bathroom—are located.

“Selecting a flat unit versus a bi-level or loft unit is very subjective because it really depends on the tastes and preferences of the client. As a real estate broker, I’d like to point out several areas for consideration,” Palad-Yap says.

“The Philippines is a tropical country, and during summer it gets really hot, especially in a condominium unit. Most condos use glass for aesthetic purposes and loft-type units have large glass windows covering the entire length of the exterior wall, from floor to ceiling, meaning higher exposure to sunshine,” she adds.

Palad-Yap’s point is, loft or bi-level type condominiums get hot faster because of higher exposure to sunlight.

“Obviously, the loft-type units require more air-conditioning and, therefore, higher electricity costs. But if you still like to get a loft-type unit similar to the ones we see in Manhattan, New York City, then go for it but be prepared to invest in a good air-conditioning system,” she explains.

Palad-Yap says other factors to consider are small children and old persons who will co-inhabit the condominium. “A flat unit will be more appropriate if there are small children and elderly folk.”

Property management

Buy condos from property developers that have the appreciation of property values at the top of their minds, Palad-Yap says.

How do you determine this without baiting the property developer with sugarcoated words dripping with sarcasm?

“Good property management will be reflected through efficient maintenance and security of the condos common areas, like the lobby and hallways, efficient garbage collection, and proper maintenance of amenities like the swimming pool, gym, and function rooms,” Palad-Yap says.

In the same vein, Palad-Yap says, it is also important to know beforehand how much the association dues are. Generally, condominiums with more open spaces and amenities have higher dues.

Hidden costs

When you purchase a condominium unit, there are other costs that should be considered, Palad-Yap points out.

“The projected condo or association dues, the value-added tax, and the closing costs that covers registration fees, transfer taxes, and documentary stamp taxes. Some developers require immediate payment while others give you a leeway of about a month,” she says.

There is also the matter of projected property taxes for the unit, Palad-Yap adds. “The actual property tax can only be determined when the condo is ready for occupancy. The city or town assessor’s office will make an actual assessment of the value of the property that will form the basis for the taxes. Property tax is usually 1.5 percent of the assessed value,” she says.

Reputation

Palad-Yap says the most important factor to consider in buying a condominium is the reputation of the broker that is selling the unit.

“The licensed real estate broker is your link to the developer or builder. He or she can give you a thorough background of different condominium developments, emphasizing the condos strengths and weaknesses,” she says.

“A knowledgeable broker can assist you in coming up with a ‘shortlist’ of condos based on your needs and preferences. He or she can help with the sales and negotiation process, and provide you with good after-sales service.”

PesoRepublic.com | Your smart guide to money matters and entrepreneurship.

Re: Kung papipiliin ka? New Condo or Second Hand Condo?
« Reply #14 on: November 16, 2012, 05:57:53 PM »

 

Related Topics

  Subject / Started by Replies Views Last post
4
1320
Last post August 06, 2012, 04:06:35 PM
by BusinessManPH
17
4838
Last post March 11, 2016, 01:47:05 PM
by IntraLover
67
6217
Last post May 23, 2017, 12:14:45 PM
by CorporateCorps
52
4579
Last post February 14, 2017, 12:27:38 PM
by WorldPerksPH
25
2691
Last post June 20, 2017, 06:21:41 PM
by pinkprincess

Posting Disclaimer: Any individual may post a message in this forum and may do so anonymously. Therefore, the sole author is exclusively and entirely responsible for all opinions in that message. They do not represent the official opinions of PesoRepublic , its administrators or moderators or the PesoRepublic Management. PesoRepublic is merely acting as an impartial conduit for constitutionally protected free speech and is not responsible and will not be held liable for the content of such messages. Community & Groups - Top Blogs Philippines