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 www.condomillion.com
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NEWSLETTER
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CURRENCY
CONVERTER
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1. President's Corner
2. Hot Condos
3. Article 1 - Oriental Gardens final call
4. Article 2 - Relocating
5. Article 3 - Investing in real estate - 10 tips for success
6. Real Estate Jokes
7. News
8. Contacts
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President's Corner
Welcome to our Quarter 1, 2004 Newsletter. We received a 20% increase in our newsletter subscriptions
last month, so hopefully it's a good sign that you all find it useful.
Please feel free to recommend us to your friends.
Remember, there's a million reasons to buy a condo in the Philippines!
Sante Delle-Vergini
President & CEO
CondoMillion.com
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HOT CONDOS
Makati -
1.8M Pesos, 36m2
2 year old studio, full furnished, with great views of Makati CBD. Vendor
is moving overseas and must sell.
Currently returning 10-12%. Located on the corner of Durban Street and
Burgos Street, Makati City. 2 minutes to Rockwell and 5 minutes to
Greenbelt. This unit can be included in the hotel rental pool, rented
privately/directly, or lived in. The choice is yours.
CLICK HERE for more details.
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ARTICLES
Article 1 - Oriental Gardens final call
Oriental Gardens, a
Federal Land development, is
almost exclusively sold out, with only 2 units remaining in Orchid Tower
(tower 1). Tower 1 will be completed July 2004, with Tower 2 scheduled
for completion at the end of 2005.
Located one
block from Ayala Avenue, at the
Corner Chino Roces & Import Avenue, Oriental Gardens is a stone throw away
from Makati Medical Center, and a few minutes walk to the commercial
center.
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> 2 units left (Tower 1)
completion July 2004
> 96m2 (including car space)
> Cash Price: P5.65M
> Terms: (P6.23M) 50% in 30 days, 50% over 30 months 0%
> Free 27" Stereo TV and DVD Player if sign before June 30
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When you walk
into the actual units on the higher levels, you will be amazed by the
views, and the open space and ambience of the these quality condos.
Speak
to our Federal Land accredited agents to discuss your condo requirements
at Oriental Gardens, Valencia Hills, Bay Gardens, Skyland Plaza, Bayview
International etc. But hurry, the remaining condos at Oriental Gardens
will not last out the month!
Article 2 - Relocating
Here are some useful, but sometimes overlooked
tips on relocating.1. Use the
right boxes, and pack them carefully. Professional moving companies
use only sturdy, reinforced cartons. The boxes you can get at your
neighborhood supermarket or liquor store might be free, but they are not
nearly as strong or padded, and so can't shield your valuables as well
from harm in transit.
2. Use sheets, blankets, pillows and towels
to separate pictures and other fragile objects from each other and the
sides of the carton. Pack plates and glass objects vertically, rather than
flat and stacked.
3. Be sure to point out to your mover the
boxes in which you've packed fragile items, especially if those items are
exceptionally valuable. Mark the boxes "FRAGILE". The mover will advise
you whether those valuables need to be repacked in sturdier, more
appropriate boxes.
4. The heavier the item, the smaller the
box it should occupy. A good rule of thumb is if you can't lift the carton
easily, it's too heavy.
5. Label your boxes, with something meaningful to you. And also a box
number. So for example: "Bed Linen 3/12", showing that box number 3 of a
total of 12 boxes contains bed linen.
6. Fill up and label an "OPEN ME FIRST"
carton containing snacks, instant coffee or tea bags, soap, toilet paper,
toothpaste and brushes, medicine and toiletry items (make sure caps are
tightly secured), flashlight, screwdriver, pliers, can opener, paper
plates, cups and utensils, a pan or two, paper towels, and any other items
your family can't do without.
7. Let all your electrical gadgets return
to room temperature before plugging them back in.
8. Since you may need to call old neighbors
or businesses from your new home, pack your phone book.
9. Give the mover your cell number so they
can contact you quickly if needed.
10. Keep a list with you of the boxes and
their labels/numbers.
11. Keep important medication with you, not in boxes, in case of loss or
damage.
12. Never store something you can't afford to lose. Sentimental things
mainly, but also valuables such as jewelry and credit cards.
13. Record important serial numbers of electrical items such as TV, Video,
Stereo, Refrigerator.
14. Take some "last day" pictures of your
old home and family. They will be a nice reminder when you move into your
new home.
15. Alert you insurance company of the move, and make sure either them,
and/or your mover, have all items fully covered during the move.
Article 3 - Investing in real estate -
10 tips for success
When it comes to investing,
everybody has certain goals and aspirations. However, we have found that
there are certain guidelines every aspiring real estate investor needs to
know:
1. Compare Property Values and Rents
Financial statistics only go so far; the best measure of a property's
market value is often the sale prices of nearby properties. The same holds
true for area rents. A low price can often be justified by a reasonable
rent; renters who can afford a high rent can afford to buy instead, so
reasonably priced rent is a need.
2. Be careful - Tax laws may change
Don't base your tax investment on current tax laws. The tax code is
constantly changing, and a good investment is a good investment regardless
of the tax code. The right property with the right financing is what you
should look for as an investor.
3. Specialize in something you Know
Start in a market segment you know. Whether you focus on fixer-uppers,
foreclosures, starter homes, low-down payment properties, condominiums, or
small apartment buildings, you'll benefit from experience by specializing
in one aspect of investment real estate properties.
4. Know the Costs going in
Know the financial statements inside out. What are operating expenses?
What are loan payments? Vacancy costs? Taxes? What does the cash flow
statement look like? These are key issues that must be addressed before
making a solid investment.
5. Know where your tenants are coming
from
If the last rent increase was recent, your tenants may be considering a
move. If tenants have a short-term lease, they may be living there simply
to attract unsuspecting buyers. It is also important to collect the
tenants' security deposits at closing.
6. Assess the tax situation
Taxes are an integral part of successful real estate investing, and they
often make the difference between a positive cash flow and a negative one.
Know the tax situation, and see how it can be manipulated to your
advantage. It may be a good idea to consult a tax advisor.
7. Investigate insurance coverage
If seller's coverage is based on lower-than-current replacement value,
your insurance cost may increase when you pay a higher purchase price.
8. Confirm Utility Costs
Ask the local utilities to verify recent utility expenses, especially
if any of these costs are included in your tenant's rent.
9. Consult Your Accountant
Taxation is a key element of successful real estate investing, so be sure
to find an accountant who is well-versed with the constantly evolving tax
code.
10. Inspect
Make sure that you always perform a thorough inspection of the property
before buying it. Never buy a property without at least examining the
site, or viewing detailed photos. In some cases, hiring professional
inspectors to examine the structural mechanical system may be a sound
investment.
For more information, contact our Sales Team:
sales@condomillion.com
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REAL ESTATE JOKES
New Home
A client bought
a new home and the broker wanted to send flowers for the occasion. They
arrived at the home and the owner read the card; it said "Rest in Peace".
The owner was very angry and called the florist to complain. After he had
told the florist of the obvious mistake and how angry he was, the florist
said. "Sir, I'm really sorry for the mistake, but rather than getting
angry you should imagine this: somewhere there is a funeral taking place
today, and they have flowers with a note saying: "Congratulations on your
new home".
Young Broker
A young broker had just started his own real estate office. He rented a
beautiful office and had it furnished with modern furniture. Sitting
there, he saw a man walk into his office. Wishing to appear the hot shot,
the broker picked up the phone and
started to pretend he had a big deal on the go. He threw huge figures
around and made giant commitments. Finally he hung up the phone and asked
the visitor: "Can I help you with something?"
The man said, "Yeah, I've come to connect your phone lines!"
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NEWS
Bonus 27" Stereo TV and DVD Player
When signing up for a condo at Oriental
Gardens, purchasers will receive a free 27" Stereo TV and DVD
Player. There are only 2 units remaining in Tower 1 (Orchid), and they are
sure to go by the end of the month.
These units are 95.5,2 (including car space), and are available for as low
as
P5,645.117 with a P50K deposit. There are payment terms as per the
following:
Option 1 - P50K deposit, 50% after 30 days, 50% balance over 30 months at
0%
Option 2 - P50K deposit, 50% after 30 days, 50% balance over 30 months at
0%
(note: the price is P6,233,153 with
payment terms)
For more news, please visit our
News section.
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CONTACTS
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The information contained in this newsletter is
for information purposes only. CondoMillion.com is not responsible for
incorrect information displayed herein. If you have any
queries regarding this newsletter, please email
admin@condomillion.com.
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information contained in this newsletter is subject to the same legal
conditions as stated in our website. If you want to read further, please
visit:
http://www.condomillion.com/legal/legal.htm.
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CHEAP CONDOS
For a full listing
CLICK HERE
Click on any of the below, and fill in the form with the ID number, or
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