Housing Tenure Can Leverage Real Estate Investments
Posted: January 11, 2018 Filed under: Condo, Real Estate | Tags: Business and Economy, dream house, home buying, homebuying tips, house and lot, house for sale, Property, property for sale, Real estate Leave a comment
Of the factors that affect real estate investments, tenure the least in mind. It’s presented as unimportant as long as you know the value of your property and you’ve worked out the necessary documents to claim ownership over it.
Tenure varies depending on the ownership of the structure, location, cultural expectations as well as other economic and societal factors. At present, there are four types of tenure prevalent in the local scene. It is consistent with other communities.
Home-ownership
People who have the right to inhabit and own the property are examples of ownership. They legally own the housing unit regardless if it’s amortized or offered on a mortgage. Investing in a house and lot for sale in Laguna is a way of homeownership.
Homeowners don’t have to worry about resettlement. They also don’t to settle rental fees. They only have to worry about property tax. To cover the expenses, they can offer their property in the market. Owners win when the property is in a dense area. They can put it for rent or lease.
Rental
Those who need to settle a fee in cash or kind are staying in a rental. They have the right to remain in residence as long as they pay their dues. Rentals can be apartments, condominiums, and houses. These are perfect for those who aren’t looking for commitments. They are popular among temporary residents such as college students, travelers, and foreigners.
Occupied with the Consent of the Owner
This type of tenure doesn’t require any form of payment. They may result from long-term service or complement to one. The owner is aware of the settlers on his or her property. Farmers or tenants of vast lands and empty ancestral homes may occupy the area in exchange for their service. The same goes for employees presented with living quarters.
If you are an owner with the same situation, it’s best to assess the situation to see if your gains are higher than your losses in this position. If not, you must find other ways to utilize your property.
Occupied without the Consent of the Owner
Its occupants can freely settle in the area or existing public or private property. People who fall into this category are often squatters or those with no permanent address (NPA). They establish tattered and makeshift homes in abandoned buildings and lots.
As an investor or property hunter, you can inquire into the state and ownership of the property especially if it has potential. It’s an opportunity cost to let it go to waste or decay. However, you may have to deal with the current settler. They may not have rights over the property, but they fostered emotional attachment to the area.
Cooperative Housing and Community Land Trusts
These types of tenure include housing units for low and medium income median. Cooperatives manage and oversee the values of each accommodation to keep the prices stable. Ownership of each living space is similar to home-ownership once it is transferred to the occupants.
Non-profit organization or private entities are often the owners of the building or complex. If a corporation owns the development, for example, shareholders can occupy a unit in the area.
Mutual Home Association
Condominiums for sale falls under the mutual home association. House hunters have the chance to become owners of their units. The members jointly own the rest of the area like the hallways and communal rooms.
If you want to invest in an area, you can bet on a condo for lease or rent. Being part of the home association gives you access to the amenities in the living complex. As a landlord and registered member, you can visit your property and tenants on a regular basis. On the downside, you need to cover association fees regularly.
Housing tenure is a way to leverage your real estate investment if you take the time to understand the terms. A wise investor grabs the chance when presented but still weighs the outcome of the decision.
A Guide to Suburban Neighborhood in the South
Posted: August 4, 2017 Filed under: Homebuyers:, house for sale, Real Estate | Tags: Cavite, dream house, home buying, homebuying tips, house and lot, house for sale, Property, property for sale 3 CommentsThere’s a sprouting suburb in the South, and you don’t know if moving there is a good move.
Vermosa is a suburban development that features active living. It’s in Cavite, and it perfectly combines residences, retail spots and business hubs in one area, which make it seem like a good place to settle down. But hold your train of thought. Did you consider what you need to know before buying a house? Do you know what kind of neighborhood will be at Vermosa?
Before setting your sights at this new development, read on to find out the standards of what makes a good neighborhood.
There are street walks.
And those streetwalkers are for walking.
Some residential communities are disorderly, so cyclists pass through pavements instead. A neighborhood with functional road walks prioritizes walking over the use of vehicles. Low-carbon communities have sidewalks wide enough for bicycles and establishments. It gives the cafés liberty to set up tables for outdoor lounging.
A spacious sidewalk also gives room to set up benches – a great feature for relaxation and people watching.
There are various transportation modes.
What a nice feeling to have when travel from work to home is a breeze. Often, an exclusive neighborhood isn’t commute-friendly and is only accessible through private vehicles. An ideal community should be available through different road networks. You can get to Vermosa via Daang Hari Road, SLEX through the MCX exit, and the upcoming Cavite Laguna Expressway (CALAX) Road – which are also the routes of public transportation. The proposed LRT 6 will pass through Daang Hari Road which makes Vermosa accessible to the bulk of passengers. The community is also less than an hour away from Makati, Manila, Muntinlupa and Tagaytay.
There is a foundation for education.
De La Salle Santiago Zobel School (DLSZ), a member of De La Salle Philippines (DLSP), is an established educational institution in the South. It will open its second campus in Vermosa to provide quality basic and secondary education. DLSZ is also an establishment that pronounces spiritual and moral maturity through the teachings of Christ.
The DLSZ-Vermosa Campus will implement the Next Generation Blended Learning Program which will include the latest trend and innovation regarding teaching strategies and educational research.
There are high-value residences.
Property value varies greatly from one development to another. A neighborhood with quality housing options allows people with different financial capability to lead a quiet and comfortable life. When there are lots of people are waitlisted, it is a sign that the particular neighboorhood is hot on the market.
Vermosa will have diverse living options with Ayala Land’s urban residential developers – Alveo, Avida, and Ayala Land Premier. Alveo offers upscale residences while Avida is perfect for compact city living.
Since Vermosa is a new community, most of the people in the neighborhood are homeowners. An area with high rate of homeownership is stable. Renters are mobile and flaky, so they don’t add value to the community. Long-time residents have been there all way. They watch out for their neighbors, which makes the area feel safe and secure.
There are communal facilities.
Vermosa has a total of 165 hectares of open space for wellness and recreation, training facilities, and retail shops.
There’s Vermosa Sports and Lifestyle Complex which will have an Olympic-sized pool, a 400-meter track oval, and a Sports Science laboratory that caters to all the training needs of endurance athletes. The MX Track and the Bike Skills Park offer a place to fill the need for speed and thrills for bikers.
There’s Vermosa Midtown, a pedestrian-focused, bike-friendly area with a commercial district. The Ayala Malls Vermosa will be within the limits of Midtown and will complement the active life of Vermosa by housing sports themed retail stores.
A contemporary active living is kept alive in Vermosa with its engaging facilities for its residents. Besides these amenities, a balanced community should have a place of worship. It shows the collective and strength of the community.
There should be a hospital, police and fire station.
Safety first.
The right neighborhood adds value to the entire community, not just to the houses separately. You can check out if the community is fit for you if it has the qualities on this list besides the things that you want. Your new neighborhood should meet your standards and if you’ve found it in Vermosa, then go ahead. Enjoy the fulfilling life of active lifestyle.
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