Rainy days like this makes me crave for warm drinks like a cup of coffee. UCC Clockwork is our family favorite place for that.

Blue Bay Walk is now a lively compound. The crowd seems to be getting bigger and bigger in each of my visits. And, UCC Clockwork is one which seems to be gaining much attention.

I adore each inch of the place. I find to be well-design and spacious. I like the idea that most of the seating area is strategically located on the upper level so you can see the entire first floor where you’re coffee and orders are being prepared.

The Cashier is on the left side of the entrance. The counter occupies most of the space.

Read more: Tsinoy Foodies

When it comes to maintaining your home, it’s best to follow a preventive approach–even for condos. Although the condo’s association dues should cover maintenance, these fees usually go towards other aspects such as the maintenance and upkeep of common areas.  

Thus, you must take the necessary steps to ensure your condo unit is in tip-top shape. After all, who doesn’t want to make that “just-moved-in” feeling last longer? By performing regular check-ups and properly maintaining your condo, you get to expand its life span and prevent potential, costly damage in the future.

So, where do you start? We at Federal Land have prepared a thorough condo maintenance checklist to equip you with the knowledge of how and what to inspect, clean, and maintain when caring for your condo,

How Often Should You Conduct Maintenance?

One of the key steps for proper maintenance is regularly cleaning your condo. This doesn’t mean cleaning only when you have the time. To keep your condo at its best, you need to make time and have a regular cleaning schedule. 

Perform extensive cleaning once or twice a month and a general house cleaning every week to prevent any mildew and molds from accumulating. Stock up on disinfectant sprays and air deodorizer packets to keep the air fresh and clean.

After setting a regular cleaning schedule, maintain your condo by doing preventive checks. These involve the periodic inspection of equipment, furniture, and appliances to prevent damage over time. Overall, this practice will ensure you avoid any extensive repairs or replacements as much as possible.

To establish an effective maintenance routine, conduct checks on various systems in your condo depending on the season to come. Since the Philippines essentially has two seasons—summer (dry) and rainy (wet)—keeping your maintenance and cleaning on track will be fairly easy. Here are some essential maintenance checks to conduct before the wet and dry seasons:

Wet or Rainy Season

• Leak-free doors and windows

Check your doors and windows for any gaps to ensure that rainwater won’t seep into your unit. For windows, make sure they have rubber sealants attached to the frame. Should there be any leaks or gaps, window realignment or waterproofing solvent application usually do the trick. 

• Protect your metal and wooden furniture

Corrosion or rust can develop on your metal furniture and fixtures due to damp and humid air, especially inside the bathroom or any enclosed space. You can coat these with rust-proof paint or protective solvents such as paste wax and grease.

Similarly, rain (particularly moisture) can cause wood furniture to deteriorate. Sealants, lacquer, wax, and oil can protect them, but you can also keep your interiors well-ventilated.

• Look out for damaged walls

Moisture can also seep into your walls, causing them to get damped and cracked. This will eventually lead to peeling paint, leaks, and molds—all of which can weaken your unit’s structure and integrity. Make sure to check for cracks by the door and window frames regularly and remedy any cracks with wall putty.

• Good ventilation

During the rainy season, it’s normal to have your windows and doors shut most of the time. However, this will cause the air inside your condo unit to become damp or humid. To maintain good air quality, open your windows once in a while and let fresh air in.

Dry or Summer Season

• Ensure air conditioners and fans are working

Make sure to dust your fans’ blades and clean your air conditioning unit’s filters. It’s ideal to seek the help of a technician to inspect your AC at least once a year. 

• Inspect smoke detectors

The summer season means an increased chance for accidents, particularly fires. Inspect and test your smoke detectors and clean any dirt that has built up around them.

• Check showerheads and faucets

So you can enjoy those much-needed cold baths in summer, inspect your showerheads and faucets. Check for any mineral deposits that may have accumulated. If your faucet is leaking, it may be a case of a loose handle or damaged O-rings. Don’t hesitate to call the maintenance staff for more serious problems.

• Clean windows

Windows are a significant help when it comes to ventilation. Thus, it’s essential to keep them free from obstructions. Keep both the window and window screen clean and check for any damage on the hinges.

• Keep your kitchen cool

During the summer, the kitchen can be one of the hottest areas in your condo. To avoid any accidents, inspect your kitchen equipment and all sockets and wirings for any damage. Make sure also to check your range hood if you have one.

The Ultimate Condo Maintenance Checklist

Now that you know what to look out for depending on the season, it’s time to ensure all your bases are covered. Here’s the ultimate checklist that will break down everything you need to care for and regularly check for a well-maintained condo.

For Your Safety

• Fire extinguishers and alarm systems

Each floor in a condo should have its own fire extinguisher and alarm system. Regularly check them for any damage, such as signs of wear and tear, missing or unsealed locking pins, dents, or broken nozzles.

• Pipes

It’s essential to inspect your water pipes regularly, especially during colder weather, to prevent damage. Poorly insulated pipes can freeze or burst in low temperatures.

• Locks

To maintain your door locks, make sure to clean and lubricate them regularly. Inspect hinges and screws to see if they’re properly intact and test if the deadbolt operates freely. In other words, you shouldn’t have to push, pull, or lift the door to use the lock.

• Electrical wiring

By preventing faulty electrical wiring, you also avoid any potential house fires. Look out for old, frayed, or damaged wires, especially those connected to appliances. Better yet, have your electrical wiring inspected by a professional electrician, especially if you have an older unit, to ensure your electrical system is completely free from damage.

For Your Furniture and Appliances

• Washer and dryer

The washer is one of the most used appliances at home, so make sure to check its hoses and plumbing to avoid any leaks. Similarly, don’t forget to thoroughly clean lint traps in your dryer since neglecting them can ignite a fire.

• Refrigerator

Watch out for any unusual sounds or leaks coming from your refrigerator and ensure that all its different settings are functioning properly. Declutter, clean, and organize now and then to avoid placing too much strain on it.

• Air conditioners and fans

Regularly clean out your AC’s air filters to keep the air fresh and clean, maintain optimal functioning, and prevent accidental fires. As mentioned, don’t hesitate to seek a technician or your condo’s resident electrician for assistance and proper inspection.

• Fans

Whether it’s a portable electric fan or a ceiling fan, it’s essential to clean them to ensure they last for years to come. Do this once a month to keep the circulating air fresh and clean. 

• Carpets and rugs

Carpets and rugs accumulate dirt and hair easily, and vacuuming is not enough.  Try to wash them once a month before they breed any bacteria and pests.

• Sofas, pillows, and mattresses

Vacuum your sofas, pillows, and mattresses once a month to get rid of dust mites and any spills or stains. Use the dust brush tool for leather surfaces.

For Hygiene and Overall Cleanliness

• Showerheads

It’s necessary to clean showerheads at least once a month. You can scrub the nozzles with a toothbrush or submerge the showerhead in white vinegar for a few hours for a more thorough cleaning.  Don’t forget to wash off dirt from the filter screen to eliminate bacteria.

• Faucets

Faucets require little maintenance—simply clean them with a damp cloth and a mild cleanser, then dry with a soft cloth. Small components like springs and seats are subject to normal wear and tear and may need replacement eventually, but simple faucet repair kits are available at hardware stores. You can also seek assistance from your resident plumber.

• Sinks

Use a mild soap and a nylon sponge or soft rag to wipe your sink down for daily cleaning. As an alternative, you can also use an all-purpose or glass cleaner. However, avoid using ammonia, bleach, or rough, abrasive cleaners on stainless steel sinks.

• Pest control

Cockroaches, termites, and other common pests can grow in number quite rapidly, infesting your unit and causing damage to interiors and electricals. Thus, it’s crucial to bring in pest control specialists at least once a year—whether or not there have been pest complaints.

• Drainage

A lot of plumbing troubles come from the drains. Every time someone washes hair or larger objects go down the drain, the entire condo can be at risk of a clog. To prevent this, remember to scrape leftover food bits and dispose of grease into the bin and use drain screens. 

Instead of pouring harsh chemicals to clear out clogs, use white vinegar to break up mineral water deposits. Vinegar can also help clear your faucet’s aerators, improving water pressure.

• Windows

Keep window blinds and shades clean by wiping off dust and stubborn dirt at least once a week. You can use an antiseptic spray afterward to keep dust from piling up. To remove mildew spots, use a squeegee with a soft rubber edge or crumpled newspaper to wash the frames and the window itself.

For an all-natural solution, mix equal parts vinegar and water to clean your windows effectively.

Maintaining a Condo Means Maintaining Peace of Mind

Damage to your home can take a hold on daily life, and it’s especially frustrating when you know these could’ve been prevented. This is why preventive maintenance plays a big part in keeping your condo in great shape with minimal effort, making the cost of owning a condo worth every peso. All you need to do is establish a maintenance routine for inspection and cleaning, and of course, stick to it.

However, before committing to this routine, remember that small steps will make a big difference in the long run. Take the time to adjust to your maintenance schedule. This will allow you to learn how certain appliances should be maintained and more efficiently used in the routine.

Knowing how to maintain and when to repair and replace your items will help you develop an effective routine that will save you a lot of time, effort, and money further down the line.

To see how a maintenance routine can be easily practiced with minimal effort, consider getting a home that’s already in tip-top shape! Federal Land offers a wide range of quality condos located in prime spots in the Philippines.

If you’re a first-time homeowner, you might be browsing online to get some inspiration from other people’s homes on how to design and organize your condo space. So, naturally, you want it to reflect your style but also be purposeful and within budget.

There are tons of beautiful homes you can take inspiration from, from minimalist and industrial to bohemian and cottagecore, so it can get overwhelming to pin down the aesthetic you want to adopt for your home. When you factor in the space availability of condos for sale in the Philippines, finding your perfect design aesthetic becomes easier said than done.

To help you get out of your design rut, we’ve rounded up six tips on how you can develop your style for your space.

1. Take your time

Developing your interior design style doesn’t happen overnight, so you must be ready to accept that this process will take time. By acknowledging that you need to spend a significant amount of time designing your space, you won’t feel pressured to finish a room. Dressing up your condo should be a fun experience, not a stressful one.

Add items to your home bit by bit. You don’t have to finish your space all at once like an extreme makeover challenge. Instead, give yourself a reasonable timeline to focus on one project.

For example, if you want to replace your coffee table, give yourself a couple of weeks or months to either browse different stores, find the one you like, and save up for it, or revamp the one you currently have to fit into the style you want.

2. Get design cues from your personal items

Source: Pexels

To get an overview of your style, the best place to consult is your closet. Pick out your favorite clothing items and review the colors, patterns, and fabrics. You can mirror design elements from your wardrobe to your decorating style. If comfort and ease are important to you when you wear clothes, you can pick out furniture that are soft, low-maintenance, and homey.

Aside from your closet, you can also get inspiration from your current space. Walk around your home, make a mental checklist of items you like and don’t like, and figure out why. The things you have can guide you with your decorating decisions.

3. Utilize online design boards

Social media platforms like Pinterest and Instagram are excellent sources of inspiration. On Pinterest, you can “pin” or save other users’ designs and styles to create your board or folder. Likewise, with Instagram, you can save images from local online furniture shops and home decor stores.

You can save photos of which style you gravitate toward, whether they’re cohesive or not. Then, you can make separate boards or folders and group photos with similar themes together. After which, you can analyze which board you love the most or which has the most pictures.

When you finish building your boards, you can leave them be and not open them after some time. Get back to them after a while to see if you still feel strongly about the style or if your taste has changed.

4. Ask for guidance

Get the counsel of your friends and family. Having a second pair of eyes can help you narrow down your theme and design choices. They may have suggestions on what they think you like based on how they know you.

If you can’t reach out to anyone who’s style-savvy, you can ask home decor enthusiasts on Facebook groups like Home Buddies. Communities like these share inspirations, tips, and experiences on home design. It’s a place where you can get guidance from other locals looking to furnish their homes.

5. Start with neutrals

Source: Pexels

After doing initial research, you’ll come to quickly realize that you’re already bombarded with tons of home designs and styles. Inspiration overload can lead you to decision fatigue when shopping for items. A good way to solve this is to start with your foundation and style your space around it.

For example, when choosing a big piece of furniture, choose a neutral color. It can be black, white, beige, or gray. Then, if you want to add some liveliness into the space to match your aesthetic, you can do it through secondary items like accessories, art pieces, plants, blankets, and more.

6. Notice outdoor spaces

You can also get inspired outside the digital space. There are numerous offices, stores, and restaurants with stylish interiors. All you have to do is look around. Notice how they place furniture and what kind of colors and textures they use. These places are usually brought to life by interior designers, so you know that these pieces work well together.

Discover Your Unique Decorating Aesthetic

Designing your condo space to turn it into a home that you love is a gradual process. While listening to others’ advice is important, your condo should be all about you and what it makes you feel at the end of the day.

If you’re designing your unit to rent it out, furnishing it with essential items, multi-functional furniture, and thoughtful decor can increase its property value.

Are you ready to find your style and incorporate it into your condo unit? Check out Federal Land for quality condos in prime spots in the Philippines. Contact our real estate professionals to help you in your homebuying journey.

Time and again, real estate investments have been proven one of the most stable and safest investments compared to other assets like stocks. However, a common predicament for investors is making the most of their properties for significant returns, for not all are priced the same.

It’s worth learning and understanding the different aspects that can affect property value appreciation in real estate. This way, you can choose better options and make a well-informed investment decision.

If you’re in the market for real estate investment, this article will walk you through how price appreciation works and what influences it.

What is Price Appreciation in Real Estate?

Price appreciation in real estate pertains to how much a property’s value will increase over time. When investing in a property, appreciation should be on top of your mind. The amount of appreciation depends on several factors and real estate trends, including supply and demand and location.

Price appreciation can influence how much profit you can make from it when you put it up for sale in the future. To reap greater returns, some property investors buy properties based on appreciation—selling them later on when the demand is high and supply is low.

8 Factors That Can Influence the Appreciation of a Property

Whether you’re investing in condos or other types of property, here are some of the things that affect their value which you should keep in mind to plan your choices more carefully.

1. Neighborhood

A common piece of advice you’ll hear regarding real estate is to choose a property situated in a good location, particularly the neighborhood of the building. Quality schools, parks, stores, and proximity to main roads and expressways—these are just some of the things that can increase the value of a condo or home.

Upcoming infrastructures around the neighborhood, like public infrastructures or retail shops, can also account for appreciation.

2. Ease of Accessibility

Properties close to offices, business districts, schools, entertainment and shopping centers, expressways, medical facilities, and modes of transportation usually rate and appreciate higher than properties that don’t offer the same conveniences to homeowners’ or tenants’ needs.

Also, a property near tourist destinations makes the asset more attractive for investment and business ventures for entrepreneurs.

3. Quality and Features of the Development

What makes a residential development great is they’re built with the needs of the homeowners in mind. For instance, the security and safety protocols integrated into the development, the layout and construction of the properties, and the amenities and facilities available.

4. Property Developer’s Reputation

Residential and commercial properties built by established developers have higher quality and design than others. Thus, their resale value tends to be higher as well. In addition, the developer’s excellent record and reputation in the industry can attract more demand for their projects, especially if they’re within a good location and fully integrated with great features.

5. Supply and Demand

Market conditions significantly affect a property’s value. If properties are in high demand in an area and only a few are for sale, the value will increase. Likewise, the price will also drop if the local demand is low but other properties are available.

A great way for investors to survive downturns is to look for properties that have an established demand regardless of the circumstances.

6. Economic Outlook

Employment and population growth are just some economic factors that can influence the price movement in the real estate market. When more people can purchase or invest in properties, the demand rises. However, an economic slowdown, such as high unemployment rates, forces property prices to decrease.

7. Smart Upgrades

Installing advanced security systems, smart curtains, and other innovative home technologies can increase the value of a property—plus points if the property is transitioning into a more energy-efficient home. Condos that are Leadership in Energy and Environmental Design (LEED) certified are also likely to draw eco-conscious buyers; thus, increasing the property’s price.

8. Future Developments

Investors should also keep an eye on planned commercial and municipal developments in an area.; for example, schools, hospitals, and other establishments. Once these infrastructures are built in the area, the properties in proximity will see a positive increase in their value.

Make a Wise Real Estate Investment

Some property investors fail to see the risks in real estate investing due to a lack of proper research. With real estate, it takes time to see significant returns, and you can liquidate it easily. But if you’re looking long-term, the passive income and promise of price appreciation it can provide are what you can leverage.

Are you finally ready to invest in real estate? Check out premium condos for sale in the Philippines with the help of knowledgeable real estate professionals at Federal Land. Get in touch now to kickstart your condo journey!

Buying a condo is an important life decision. It’s a huge goal you’ve been working for and something you want to be perfect.  After all, you will be investing a considerable portion of your income in the property. In most cases, this purchase will also affect your financial future.

Now, you surely want your first condo unit to be, if possible, the condo unit of your dreams. That would mean you’re getting no less than your money’s worth.

However, please keep in mind that the process of buying a condo requires time. It’s not to be rushed; you can’t just wing it. You need to partner with a reliable real estate agent who can understand what you’re looking for and your priorities.

If you’re ready to hire a real estate agent, here are the questions you need to ask.

1. How long do you usually work with buyers, from the first site visit to the final sale?

The answer to this question will hint you at a real estate agent’s level of competency. If there’s a short duration between a client’s first house tour and eventual purchase, that could mean the agent knows what they are doing. They listen to what the client needs and zero in on those requirements.

2. Have you helped buyers find homes at these price ranges?

Your journey to buying a condo should start with setting a budget, so consider this question in earnest. You’ll need to work within a reasonable budget, and it’s best to know from the get-go that your needs are well translated to the real estate agent tasked to help you find a condo unit.

3. How well do you know this neighborhood?

Location is one of the most important considerations when buying a condo. Your utmost concern is safety; second is growth potential. A real estate agent should be knowledgeable about any area from which they’re selling a property and explain how this location will be advantageous to your needs. If the area has what it takes to turn into an economic hub in the future, the better.

4. How long have you been an agent? Can I see your license?

These are basic things to ask your real estate agent before you even pursue a professional relationship with them. Remember that agents are salespeople. Be diligent, and don’t be content and convinced by pronouncements of expertise. Ask for supporting documents to be sure.

5. How many homes do you close on average every year?

This question will help you gauge excellence. The more deals closed per annum, the more competent the agent is. You do not want to work with someone who can’t close a deal—that right there is a red flag.

6. How many clients are you currently working with?

The best real estate agents will likely have multiple clients at the same time. But it’s best to know just how many they are dealing with. That way, you can set your priorities straight. Do you mind sharing? Or would you prefer an agent with less on their hands, so they have more time to focus on your needs as you look for a condo for sale in the Philippines?

7. How often will you correspond with me?

Real estate agents will be all over you at first—but this might not be the case over time. So make sure you know what to expect so that you don’t get agitated while waiting for updates. Your best bet is an agent who won’t mind you calling every time you have a concern.

8. Will you be hands-on throughout the process?

Accomplished real estate agents usually have people working under them. It’s up to you if you’re okay working with your hired agent’s second-in-command. If not, make it clear that you need them to be hands-on upon the first meeting.

9. What percentage of your clients are buyers VS sellers?

Ask this question to weigh whether there’s a conflict of interest. If your hired agent, for instance, has more seller clients, they might be working as a double-agent, for lack of a better word. They could be selling you properties owned by sellers they work with. While that’s not always a bad scenario, it can quickly turn into one.

10. What is your list-to-sales price ratio?

You want an agent who can haggle on your behalf. That’s where the list-to-sales ratio comes in. Look for an agent with a proven track record in closing deals with cheaper price tags than initially advertised.

Work with Real Estate Professionals

Once you find a reliable and competent real estate agent, you can be better at avoiding common condo-buying mistakes. You’ll end up with a purchase that will prove to be a good investment while serving your present need for a comfy and convenient place to reside. So don’t cut corners when hiring a real estate agent. 

Make sure you partner with the best in the field. The questions above will help you discern whether you’re in the presence of a real estate professional worthy of your signature above the dotted line. 

To jumpstart your homebuying journey, you may reach out to Federal Land. They offer quality condos in prime spots in the Philippines. They also have a pool of top-notch real estate professionals who will be more than happy to assist you.

Big-ticket purchases like expensive electronics and cars make anyone’s heart race. But there’s nothing more exciting and challenging than purchasing your first residential property. The satisfaction of finally becoming a homeowner is incomparable. And the key to reaching this goal requires you to find a home that meets your budget and needs.

Checking out different units and neighborhoods is one of the most thrilling parts of condo hunting. However, comparing properties and prices can make you wonder: how much do condo units usually cost, anyway?

There’s no one-size-fits-all answer to this question, as not all condos are the same. Many factors affect condo prices. Keep scrolling to learn more about the things that influence it.

1. Square footage

Condominium units come in different layouts and sizes: studio type, 1-bedroom unit, 2-bedroom units, 3-bedroom units, lofts, and penthouses. In the Philippines, the average size of condo units is 50 sqm. Often, the bigger the unit and the more bedrooms and bathrooms it has, the higher the price tag. However, it’s important to note that this may also depend on the size of the building (low-rise, mid-rise, or high-rise).

2. Competition in the area

Property buyers and investors don’t go for the first option they see; they will always compare to find the best one that ticks all their boxes. Some property developers best their competition by focusing on sustainability (e.g., green design, solutions, and systems). This is one trend that can beat local condos in a specific area.

 Thorough research includes looking for reliable property developers with a good history of completed projects and maintenance in their existing properties.

3. Condo amenities and facilities 

Many condominiums, especially high-end and premium ones, offer the best amenities and facilities for their tenants. These could include adult and kiddie pools, function halls, gym centers, and a rooftop garden. Some even come with commercial establishments where tenants can dine and shop for their essentials. Naturally, these conveniences drive the desirability of a property, boosting its value.

It’s also important to understand the different types of building units. For example, low-rise or regular condos (usually located outside or in less busy parts of the city) are often cheaper than high-rise buildings. Mid-rise condos that have fewer floors and tucked in less busy streets usually come with lower maintenance fees.

Lastly, premium and high-rise condos that boast top-rated amenities and facilities are priced higher because of maintenance fees, sought-after location (their main selling point), and unparalleled views.

4. Parking spaces

Condo units and parking spaces are not a package deal in the Philippines. As a result, most property developers don’t provide a one-to-one ratio for unit and parking space. As reflected in the National Building Code of the Philippines, condo units that measure 50 to 150 sqm should have one parking slot per unit. But for units measuring less than 50 sqm, one spot will be allocated for every two units.

Condo buyers have the option to purchase units that come with or without parking slots. But given the scarcity of parking spaces, buyers would need to shell out a hefty amount for one with a decent size. Note that parking slot prices depend on the location too.

5. Views from the building

No matter how many times a condo unit gets revamped, it stays in its location. Let’s say the view from one unit is less than desirable. That could be a significant factor that makes or breaks a purchase and extends its listing. 

If you see a unit that offers a serene and unobstructed view of the city skyline and gets good light throughout the day, expect it to be a big-budget property. Meanwhile, excellent views are a unique factor and one of the positive features that impact the pricing of a condo. 

6. Floor location

The floor or level of the unit also influences its price. For example, in most high-rise developments, the higher the level, the higher the price tag. This is because you’re paying for better views too. Conversely, units on lower floors in high-rise buildings come with lower rates. 

Buyers who don’t have the budget for a unit on a higher floor and don’t mind not getting a view of the skyline can go for lower floor units as these are practical options. 

7. Establishments around the building

The location of the building is one of the critical factors that affect the price of a condo. Appraisers often look at three indicators to determine the value of a structure based on location:

• Employment opportunities
• Quality of nearby schools
• Proximity to entertainment and shopping centers 

Other factors that may affect the property’s value based on location are accessibility to highways and public transportation. Location and establishments in the neighborhood are important factors when calculating condo prices, and sometimes they can be more crucial than the size of the unit. 

8. Current state of the economy

The state of the economy encourages home buyer and property investor activity in the real estate market. Therefore, when there is a higher demand for developments, there will be a spike in the average price per square meter of property prices, especially if the supply is low. 

Likewise, if there is little or no growth in the economy, there is reduced real estate activity. Prices of units are also decreased to attract potential buyers. 

Shop for Condos Smarter

Knowing the factors above makes it easier for buyers to understand why some condo units tucked in different floors, types of buildings, and locations are priced a certain way.

Have you been checking condos for sale in the Philippines? Then look no further! Head over to Federal Land to find and compare quality condominium units located in prime districts around the country. Discover your dream property today! 

Investing in a real estate property is always considered a good move that you can make to grow your money over time. These days, there is an abundance of condos for sale in the Philippines that match the demands of home seekers. 

Yet, buying a condominium unit is a big decision that you can’t just make overnight for both personal and financial reasons. It may take you months—sometimes even years—before you can find a property that meets all of your needs and goals.

When you do decide to buy a condo, there are several factors that you need to consider before sealing the deal. Part of this deliberation process includes talking to your real estate agent regarding any concern you may have regarding the purchase you are about to make. Asking the right questions can help you through your decision-making process.

Major considerations you can ask about include payment schedules, interest rates, environmental factors, and more. If you’ve already decided on buying a condo unit soon, take note that you should keep these questions ready the next time you meet with your real estate agent.

However, if you aren’t sure what other questions you can ask, you can discuss the following things we’ve noted down here.

1. How long has this condo been on the market?

You are likely to change lifestyles and priorities in the future, which may lead you to sell the property to someone else. However, condominium buildings typically have an average lifespan of 50 years which affects how resalable the property is at the given time.

If you buy a unit from an older building, you may not gain much profit in the future from your initial investment. However, if you get a new unit or even score those that are in the pre-selling stage, it’s likely that you got them at a lower price. This almost guarantees a positive return on investment.

2. What is the neighborhood around the property like?

Living in a condo in the Philippines can be considered ideal because of how convenient it is. But, before you buy a unit, ask your real estate agent what the area around the building looks like on a day-to-day basis. These can help you settle concerns about safety, noise, travel, and more.

3. Is the home in a flood zone or prone to other natural disasters?

The Philippines experiences typhoons regularly, which makes certain areas prone to flooding and other natural disasters. If you buy a unit in a flood-prone area, make sure that the building keeps you dry and safe during these difficult times. 

Ideally, roads should be passable even in the event of a storm or emergency. Having this information can save you the trouble of experiencing unwanted damage to your property and other belongings. 

4. Are there any seller disclosures?

Before you finalize a deal, make sure that you ask about the unit’s history and other events that have occurred related to it. Asking this lets you know if there were any previous damages, hazards, nuisances, and other important disclosures in and around the unit you are buying. 

5. What’s included in the sale?

The price of buying a condo unit does not come cheap. More often, apart from the unit itself, there are also other fees you need to cover. Asking about the inclusions can prevent unwanted surprises and expenses from coming your way, like association dues and parking fees. 

Discussing this will also let you know if you are entitled to other benefits that come with the unit, such as building amenities and repair services. 

6. Does it come with insurance? If so, what does it cover?

Asking about the insurance policy is always a good idea because it can help you save money. In case of a disaster or theft, you can determine if the building will cover personal damages and other inconveniences that may come with the situation. 

7. What are the house rules, if there are any?

Some condominiums may have building owners that are more particular about how people use the properties. In some cases, these rules may affect your lifestyle habits, limiting what you can and cannot do inside and around the condominium.

Know your options well

Deciding to buy a condo unit is a big step, so you should take your time. Rather than rushing to get the cheapest sales, it is better to keep yourself grounded and consider all your needs and options first. 

The best way to find out if a property is right for you is by asking your real estate agent the right questions. With a few extra hours of research, you save your future self from being in a less than ideal living situation. 

For more information on finding quality condos in prime spots in the country, contact Federal Land and get your questions answered by professionals today.

It’s no secret that buying a condo in the Philippines is a huge decision. Finding ways to finance your condominium unit is challenging but necessary if you’ve already decided to move into one. To become an official property owner, you’ll likely need to borrow from a reliable financing partner, like a bank.

Some try to steer clear of bank loans because of fear of rejection, which naturally creeps in if you don’t know what you’re getting yourself into. After all, it’s common to hear stories of loan application rejections.

Before you head to your preferred bank with your loan application documents in hand and crossing fingers to get approved, it’s essential to know and understand the process of applying for a bank loan.

If you’re planning to apply for a housing loan through a bank, we’ll help you start in the right direction for better chances of approval. So, keep reading for some practical tips to help fast-track and increase your odds of getting approved for a home loan.

1. Review your credit history

Your credit history presents a record of your credit lines, debt, and ability to repay debt. Before you pass your home loan application, review your credit history and clean up your unpaid balances and loans, which can be potential red flags for banks.

For better measure, get a certificate of payment from the financial institution after paying off your debt. Since lenders check an applicant’s credit history for loan processing, make sure to clear yours out to increase your chances of approval.

2. Compare and review different banks and their interest rates

Just like when you’re deliberating where to apply for a credit card, it’s also best to compare different banks, their home loan offers, interest rates, and other pertinent details to find the best deal that checks out everything you’re looking for in a bank loan. Apply for the one that offers the best payment terms and manageable interest rates.

In addition, take note of each bank’s minimum qualifications, such as gross monthly income and required bank statements. While meeting the minimum requirements does not guarantee immediate and fast approval, it’s a good thing to know where to start.

3. Prepare your proof of income to prove your financial capacity 

You need to prove that you’re capable of paying off the loan you’re getting for lenders to process your application. Some of the required financial documents you will need to submit are income documents (proof of income). Banks may also ask you to submit one or more of the following for employed applicants:

• Certificate of Employment
• Photocopy of the latest Income Tax Return
• Latest three months bank statements
• Latest three months’ payslips

For self-employed and OFW applicants, the requirements may differ. Make sure to check your chosen bank’s housing loan requirements when preparing your documents for the application.

When assessing your financial capacity, lenders will typically look at three factors: income, credit history, and debt service ratio. By looking at these numbers, the lender can evaluate if you can afford to pay your monthly amortization.

4. Get a co-borrower

Co-borrowers are additional borrowers listed on the loan documents whose separate income and credit history are considered for the application. Getting a home loan with a co-borrower is not mandatory, but paying the mortgage with someone can make it easier for you to qualify. Co-borrowers are usually spouses or family members, but they can also be someone you’re not married to (co-applicants).

Having a co-borrower can bring extra income and assets that can help increase your chances of approval. Moreover, since the two of you will pay for the loan, you can qualify for a higher loan amount. Take note that if you’re applying with a co-maker or co-borrower, you need to submit separate application forms.

5. Choose a property you can afford 

It helps to manage your expectations and be realistic when looking for a property. For example, property agents may sway you into considering condo units in a central business district that are maybe more expensive or out of your budget by saying that you can get a bank loan anyway. 

It’s important to remain practical and only look for properties within your financial capacity. Otherwise, it would bring more financial damage in the long run. In addition, properties that require you to get a home loan you can afford will boost your chances of being approved as opposed to choosing properties with significantly hefty price tags.  

Home Loan Approval: Turn the Odds in Your Favor

The process of applying for a home loan is different from other types, like car loans or credit card applications. When it comes to in-house vs. bank financing, both come with benefits, but banks are certainly your best option for housing loans.

Are you in the market for condos for sale in the Philippines? Then, visit Federal Land to view and compare quality condos strategically located in prime spots in the country. Find your ideal home today with Federal Land.

Picking the best paint color for your house goes beyond choosing among your favorite colors or basing it on whatever mood you’re in at the moment. In fact, it’s the color of your home that should influence your mood—so choosing the right one means finding the color that will make you feel good every day.

Careful consideration is vital when finding the right colors for your home. There’s even a science to it—a color psychology that determines how people’s emotions and behavior are influenced.

So, if you’re planning to renovate or redecorate your home, it’s time to take advantage of color psychology. Since most condos for sale in the Philippines come in standard, uniform colors, what better time to experiment on new ones? This article will provide you with the best colors to incorporate and experiment on for the different areas of your condo and achieve the ideal ambiance any time of the day.

The Best Colors for the Different Areas of Your Condo

• Living Area

Since the living room is the area that greets you and your guests, make sure your chosen color reflects the mood and aesthetic you want. Most likely, you’d want your living area to feel cozy and inviting for friends and family. Warm tones like reds, yellows, oranges, rust, and earth tones such as brown and beige work great since they can stimulate connection, conversation, and of course, warmth.

Gray-beige, in particular, diffuses light at sunrise or sunset well while still adding warmth at other times of the day. Meanwhile, a pale pink color looks warm and inviting all day long, regardless of how much natural light is present. If you want to bring in the feeling of sun-drenched warmth, go for burnt orange paint such as terracotta. This creates a bolder backdrop for building up layers of interest with your accent furniture.

If you want to emphasize your non-white furniture, accent pieces, fabric, and accessories instead, you can never go wrong with a brilliant white. This color still provides all the light and energy while directing attention anywhere else you want it to.

• Dining Area

The dining area is an essential space where people gather to eat, so it should feel inviting while still appealing to your style. Warm neutrals such as white, taupe, and brown tones pair beautifully with plants and wooden accents, common features in Filipino dining spaces.

However, if you want the dining area to serve as a nice visual break from the other rooms in your condo, why not opt for some color? For instance, red can encourage social interaction and stimulate appetite. You don’t need to pick bright reds; instead, go for maroons or wine red to create an elegant dining atmosphere.

Alternatively, consider yellow to promote happiness for a better eating experience. Go for muted yellow walls for a more spacious effect, adding white highlights and fresh flowers to bring in the sense of the outdoors.

• Kitchen

A kitchen has many elements—from cabinets and countertops to appliances, silverware, and the eclectic Filipino pantry. Thus, choosing the right color depends on complementing it with these elements.

Light grays, for example, make white cabinets stand out, and even when paired with darker cabinetry, it won’t make the rest of the kitchen feel oppressive or heavy. Meanwhile, white paint with warm undertones is ideal for natural wood shelving and rose, copper, or gold metallic accents.

If you’re aiming for warmth or coziness that’s perfect for cooking, beige and cream colors give off a homey feeling with a touch of sophistication that also complements white dinnerware.

However, just like your dining area, kitchens can also benefit from reds and yellows. Light blue works well with whites, creams, dark or light woods, and dark kitchen hardware finishes. It even transforms throughout the day, turning into a warm greenish-gray on a cloudy day or a cool gray color when it’s dark outside.

• Bedroom

Bedrooms are spaces of peace, privacy, and personality. They are personal spaces to relax and unwind in. This is why one of the most recommended bedroom colors is blue since it’s known for its calming effect. Dusky blues are great for white furniture and white trim, while a blue shade darker than pastel will help set off creamy tones.

You can also explore other cool colors for the same calming result. Gray is a soft, neutral, yet warm color that can bring attention to your furniture, paintings, and décor. Lavender adds a bit more character while still creating a stress-free environment. Pastel greens pair well with wood elements and floral prints.

The best part about bedrooms is that they’re personal spaces, so you can use colors that suit your preferences—even bold ones. To use them without sacrificing the sense of calm, try painting an area that will serve as a “feature wall.” For instance, you can paint a wall black to add texture to your space. You can also use yellows and oranges to add a sunny splash and make your room look more spacious.

Again, don’t forget white. It’s fresh and invigorating at any time of day. Small bedrooms benefit significantly from white walls since the color bounces light better than other shades and illuminates dark corners that light sources won’t reach.

• Bathroom

Whether it’s shared or en suite, a good rule of thumb when picking colors for your bathroom is to go for what is flattering to you. After all, anyone would want to look great in the bathroom mirror, so don’t use a color you would never wear.

Whites and warm colors are highly recommended since they signify cleanliness and purity. Since bathrooms are also spaces for relaxation and rejuvenation, light blues and greens can also be used for a sense of freshness and calm.

Other choices include taupe, a gorgeous brown-gray shade that’s neutral and classic but with a modern twist. A brown-heavy taupe makes an earthy look, while a grayer version is moodier and more modern. A soft, light gray brings in the cooling colors of granite and concrete while still giving a soothing effect. Mix in dark wood elements or colored accent pieces to warm things up and balance the cool tones.

Keep Exploring, Keep Your Feel-Good Space 

Often, picking colors is a straightforward process. It can simply boil down to favorites or whatever mood you’re in. However, choosing the right colors for your home is more than a matter of aesthetics. Since color can influence your mood, putting in the time and effort to study and experiment on various colors will pay off in achieving your desired ambiance.

With the pandemic forcing everyone to stay indoors, you have to find colors that will make you feel good despite what’s happening. That way, when things go back to normal, you can share that favorable feeling with your friends and family as they visit your newly-painted home.

Your well-thought-out color strategy deserves a well-built canvas. If you’re looking for the perfect home to apply the color tips you’ve learned today, consider exploring the quality condos developed by Federal Land located in prime spots in the Philippines.