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The Top 5 Key Benefits of Purchasing and Owning Investment Real Estate

Maybe you have heard that real estate is and has been the go-to investment for building wealth. Investing in real estate has a lot of benefits, but in this blog, for you not to spend so much time, we will focus on only 5 key benefits. By the end of this blog, you should have a clear understanding of how real estate creates wealth and why the rich always have a portion of their portfolio invested in land and buildings.

Consistent Cash Flow

One of the key reasons why individuals invest in real estate is for this reason. Despite the recent volatility of various assets, real estate continues to be a favored option for investors seeking long-term gains. Rental properties, in particular, can provide a steady source of revenue for real estate owners. Real estate ownership can help you increase your monthly income. Whether you invest in commercial or residential real estate, you may rent out your space to tenants. Then you’ll get a monthly payment, either in the form of rent checks or cash.

Long-Term Protection

Most of us know that real estate is a long-term investment, which means you may keep it for a long time while waiting for it to appreciate in value. At the same time, you can rent out your property and earn monthly income while you wait for the value of your property to increase. Although real estate is not as liquid as the stock market, it provides long-term cash flow and the potential for gain.

Passive Income

This is probably the favorite point of real estate investors. Condo for Rent in BGC or Makati that is now rented out, and from that one rental fee, you can live comfortably for the rest of your life. Yes, you read that right. Some people are living from their rental property income. Quality real estate will always be in demand. People are prepared to pay high rents since the alternative is to spend up to a couple of hours every day in transit, depending on where you live in the city. If you ask what a passive income is, passive income is something like the rent cheques that come in every month. Let’s imagine you own a rental property that is either single-family or multifamily. Passive income is something like the rent cheques that come in every month. You don’t have to work every day for your investment properties, which provides much-needed passive income.

Hedge Against Inflation

Real estate investments are thought to be inflation-protective. When the cost of products and services rises, so does the value of homes and rentals. Moreover, investment properties can give you increased monthly income and appreciation, helping to protect your finances while the cost of everything else rises. The real estate market has historically outperformed expectations regarding store of value and return. Property values rarely drop, making real estate one of the safest investments one can make. Even then, it’ll only be for a short time. Unlike the money in your bank like Philippine Peso, which loses value every time more money is created, you can rest assured that the value of your property will not depreciate when additional structures are built.

Self Fulfillment and Freedom

As many people say, it’s not all about money. Other non-financial advantages come with owning real estate investments. Many investors find it satisfying to have the freedom to be their boss when they own investment real estate. Besides that, you can also make a difference in your neighborhood by renting out homes or bringing businesses to commercial sites that will give much-needed help to the community.

These are just some of the key benefits of owning real estate as an investment. If you are reading this and want to Get the Best Property Deal, browse through trusted online websites. Widest Range of Property Listings under One Roof & on One Portal.

10 Things You Should Know When Buying Real Estate Properties in the Philippines

Published Date : January 18, 2022 Article Buying Property Buying Tips Community Guide Real Estate 101

Buying yourself a new house can be very exciting, but that enthusiasm gets low as you face new challenges with your proceedings. And if you are a first-time buyer, there are so many things that you are new to in real estate. So when you are buying a house, people might suggest that you hire a broker to deal with your buying and legal procedure. But it is essential that you know or at least get familiar with the basic real estate procedure and laws. And there is no harm in getting the knowledge of real estate.

So these are ten things that you should know when buying real estate properties in the Philippines.

Down Payment

One of the biggest obstacles people feel when buying a house is the downpayment. Some people get confused with closing cost as a downpayment, but a downpayment is an upfront payment made when closing the deal. The portion or amount of downpayment depends upon the kind of home you are buying, from whom you are buying, and your budget and lifestyle.

Mortgage Rates

Mortgage rates are the rate of interest charged on a mortgage or the loan you’ve bought for buying the property. The lender decides these rates, and mortgage rates can vary based on the borrowers’ credibility. Mortgage rates can either be fixed or variable as time goes.

Locality

To know about a locality is a must, especially when you are moving alone or with small kids. You don’t want to risk the security of your family or the peace of your mind. You can ask the local people or the nearest police station about the crime rates.

Local Market

The local market factors often decide the prices of a property. These factors may include the demand for property, associated amenities, similar properties in the locality, and how much people are willing to offer.

Property Background

Before considering a house, you must do a background check on that property to check its authenticity and why the previous owners left it. You can directly ask the seller for the photocopy of the title or the certified true copy from the Register of Deeds.

About Seller

As you are doing your research about the property, do a quick check on the seller. You don’t want to get involved in a fraudulent agreement.

Amenities and Facilities Nearby

Amenities are one of the factors that determine the likeability of the property. These amenities may include a swimming pool, gym or fitness area, lounge, garden, playground, etc. People with families often look for schools, hospitals, and entertainment facilities nearby.

Compare Prices

Once you are clear about what kind of property you want, look for similar properties in the same locality and compare their prices. Thus you can get an idea if you are getting a reasonable price or not.

Payment Methods

Nowadays, sellers are offering various flexible payment methods at your convenience to close a deal soon. If you have any particular requirements about making payment, you can discuss that with the seller. Choose what suits you.

Associated legalities

You can hire a professional to do legal procedures in transferring the title. Transferring ownership requires a lot of paperwork like new ownership terms or analyzing the deed, registration, and many more formalities.

These are some important things you should know about other than the real estate vocabulary. But theoretical knowledge is not enough; you have to get into real estate to know it. To get yourself involved in buying real estate properties, connect with an authentic platform and make investments that are right for you.

Factors to Consider When Retiring in the Philippines

Published Date : January 6, 2022 Article Buying Property Community Guide Property Recommendations Real Estate 101 renting house

It is no news that the Philippines is a trendy destination among international and foreign travelers. And why shouldn’t it be? Surrounded by over 7,000 islands, the geography ranges from beaches and tropical rainforests to volcanoes and mountains.

It is famous not just for a vacation trip but for retirement too as life in the Philippines is relatively cheap. People are willing to move from their native country to here as the Philippine government attempts to attract expat retirees, offering an easy path with perks to permanent residency.

In a nutshell, the Philippines will give you the retirement experience that you won’t get anywhere. So no matter, if you are a Filipino or coming from a different country, retiring in the Philippines might be one of your best decisions. But that too depends on the lifestyle you want and many other factors.

Let’s talk about the factors you should keep in mind while planning your retirement.

Calculate How Much You Need

First, you should start with your savings and expenses, as your budget will decide your lifestyle after retirement.

If your goal is to retire on a small budget, you should live somewhere outside the city or in one of the less populated places. Determine your overall expenses from daily to contingencies and estimate your possible income. The trick is to maintain the balance between the two.

Cost of Living

It is good to do your research and consider all the costs of retiring. The Philippines has a low cost of living in general. International Living reports that you can live comfortably for $ 800 to $ 1200 a month, including housing, utilities, food, health care, and taxes. Accommodation can be of significant expense and takes up a substantial portion of your income. Housal offers you ease on your budget while looking for a house for rent by giving you amazing offers.

Retiree Housing in the Philippines

When buying a home for retirement, most people want amenity packages, low-maintenance living, and comfort. Downsizing and moving into an active adult community does not necessarily mean you have to sacrifice home quality.

To get the home you need for retirement, you must start looking for houses with Housal. Check out the listings of House for sale or House for rent at your preferred location.

Your Investments

With the never-ending expenses and fixed savings, investing can be a good source of income for retirees. Retired people should strive to find a safe investment to protect their sources of income as they face the risk of running out of money when they retire. You can consider investing in properties as well. Although non-Filipinos cannot own land, they can own property.

Retiring may change a lot about your routine, expenses, income, and lifestyle. To be prepared for the unexpected, you need to consider its factors and be thorough with your plans. If you plan to come to the Philippines from another country to retire, you might want to check with visa requirements. You have to deal with many complex things, but you can simplify a major part by getting onboard with Housal. Sort out your Housing plan by getting your home with us. Look at these Condos for sale and Townhouses for rent and get yourself a perfect home for retirement.