Sunday, September 6, 2015

Here’s what to consider for your big investment with regards in buying or investing real properties

The Philippines’ is projected to be the fourth fastest growing economy in the world this year according to data gathered by CNN Money. As an effect of the promise of a strong economic climate, the general consumer mindset is now leaning towards prospects that allow them to wisely exercise their financial decisions.
The real estate industry is one sector that is currently enjoying the perks of this shift thanks to the higher purchasing power of consumers. But how can we gauge financial readiness for such big purchases?
“You have to make sure you have financial independence,” Wealth Management Expert Johner Fernandez advised during a short investment seminar hosted by premium property developer, Ovialand, Inc. “If you are earning enough to cover your daily needs and still have enough left to invest without short-changing yourself, then you are ready.”
According to Fernandez, one common slip-up of people who are planning to buy their own house is mistaking saving and investing as similar concepts. While both are interrelated, the two are entirely different from each other.
“Before you can finally buy your very own house, you have to keep away 10% of your regular monthly income for short-term savings and 10% for long-term savings. The money that you should use for your property should be on top of these,” Fernandez clarified.
A promising venture
Real estate is one of the most promising industries in the country at present. Especially with the call to decentralize Manila gaining traction because of its chronic problems, property developers are now actively eyeing other locations as possible new growth hubs.
Fernandez shared, “It’s all about location. With efforts to distribute services and resources in Manila, the provinces near it are the ones most likely to receive its growth traffic.” He added, “You also have to consider the possible progress of the place. Think of Ortigas. Prices of properties there were very affordable before. Nobody would have thought it would grow into a business district.”
Sto. Tomas, Batangas is among South Luzon’s provinces that have been showing significant progress. Supported by strong infrastructure and its competitive location, the once rural town is steadily transitioning into the next business and social hub with industrial parks, global companies, and lifestyle centers breaking ground on its soil.
As a response, more and more property developers are eyeing the province to support the influx of people that comes with its growth.
Ovialand Inc (640x360)
 Real estate: A smart way of saving money
Did you know that owning your own home is actually a financial move that can lead to more savings in the long run? Fatima Olivares-Vital, Business Unit Head of Ovialand, Inc. explained, “Renting may seem like a cheaper option at first, but it is still better to put your money in a property you can call your own.”
She adds, “It’s easy to lose track of your mundane expenses. Instead, you can invest the money for your possible mortgage payments. In 5-10 years, you will have something tangible, valuable and usable that can even be converted to cash!” 
Finding a developer that offers flexible transactions can make purchasing a home more manageable. For its maiden project Terrazza de Sto. Tomas, for example, Ovialand offers competitive packages and professional financing assistance to ensure that buyers are properly assisted during the whole process. In addition to having reliable partner banks and an in-house financing system, clients are also assigned their dedicated Account Officers who will coordinate all the details of the sale.
Fernandez said, “This is where the credibility of the property builder comes in. You need to study the company, see how they work, and how they build houses.”
He closes, “Buying a property should be viewed as a form of business partnership with your developer. To make the venture a success, you should look for the best partners.”
ABOUT OVIALAND, INC.
Ovialand, Inc. a subsidiary of MCDC, with over 28 years of experience in housing development. No project undelivered in the history.
• Every experience is an opportunity to keep improving ourselves. Our goal is to provide accurate, precise and timely delivery of our promises. We want you to be satisfied with our commitments.
• We understand that each purchase of a house and lot is a milestone, and we are committed into turning this milestone into a memorable and pleasant experience that will be a preview of your happy memories and memorable new life in our projects.
• We are committed to giving our market the best value-for-money NOT JUST house and lot but DEVELOPMENT. We understand that you are buying into a lifestyle and into a community, not just a house and lot.
• From your house purchase all the way to the property management, we strive to do our best to give you the quality and lifestyle you deserve.