Facts You Should Know About Your Condo Association Fee

Condo building

Just because you’ve bought one of those condominiums for sale in the Scout area doesn’t mean you won’t have to spend any more on it. In fact, there are tons of expenditures that come with buying a condo unit, and one of these is the association fee. So in case you haven’t got a clue on what that is, here are the basic information about this payment that you need to know.

What exactly is it?

You’ve probably already heard of homeowner’s association fees and you might even know somebody who pays them. Just so you’ll know, in homeowner’s association fees, you’re paying solely for your house and lot until the property line. With condominiums, however, you’re not only paying for your own unit but for partial ownership of the condo building and the grounds it stands on. Condo association fees are monthly dues to be paid by the unit owner to the developer for the general upkeep of the condominium building. It’s mandatory to join the association. You start paying the fees the moment the deed of sale is signed, the unit is turned over, and the condominium’s title is formally under the name of the buyer. Keep in mind that you’re also required to attend the condominium association meetings.

To whom must you pay?

Each month, you pay your condo association dues to the property management office. They’re in charge of collecting your condo association fee and any other payables to the developer. As their office name implies, they’re also in charge of managing your building as well as the basic services that every condo development has, including security, janitorial services, maintenance staff and whatever else is needed to keep the building in tip top shape.

How much is the fee?

On how much the condo association fee will be rests on the developer and the project. It all depends on how much they will price the association fee per square meter without the VAT. Take note that the fee is based on how large or how small your unit is. So if you have a 20 square-meter unit, your fee will be larger than that of a 10 square-meter one. If you have a two-bedroom condo unit, your condo association fee will definitely be larger than that of a studio unit. Also take note of the amenities included. If the project has numerous amenities, chances are the association fee will be larger than a project with just a few ones.

What is the coverage?

Among the primary reasons why homeowners prefer a condo unit over a regular house is because of the amenities included. These amenities include use of facilities like swimming pools and gyms, promos in the in-house spas, and other venues such as churches and clubs. By paying your condo association fees, you get to enjoy all these things! Aside from amenities, condo association fees also cover building maintenance, repairs, security, utility expenses and other miscellaneous expenditures.

What are the penalties?

In case you’re unable to pay your dues on time, there are consequences to pay—literally! A penalty interest charge (the amount depending on the association regulations) will be applied on your overall fee. But it doesn’t end there; you’ll also have to face other penalties like the removal of amenities privilege and basic utilities. However, once you’ve paid the amount required, you will be removed from the list of delinquents and your privileges given back to you.

Like it or not, you need to pay your dues. Set aside a part of your monthly budget especially for your condominium association fee. That way, you’ll be able to maximize the comforts of your new home.

6 Survival Tips for Living Alone in Your New Condo

6 Survival Tips for Living Alone in Your New Condo

You’ve decided to strike out on your own after buying that condo for sale in the Scout area. With no roommates, siblings, parent and even helpers to keep you company, you might be wondering how you can survive in your new home. Well, no need to worry because we have here some much-needed survival tips for living alone in a condo.

Secure Your Windows

Whether you’re living on the 39th floor or on the sixth, it’s best if you secure your windows before you leave your unit. Sure, you sometimes need to crack it open to let in some fresh air, particularly during very hot seasons. But when you’re going out or otherwise unavailable, make sure it’s locked and closed. That way, nobody and nothing can get inside your condo without your express wish.

Learn How to Budget

Living alone means nobody split the bills with. That means those electric, water and other bills are all on you. So if you don’t want to get overwhelmed financially, then you’d better learn how to make a budget.

Get a Landline

Just because you already have a great cell phone doesn’t mean you don’t need a landline in your condo. Believe it or not, having one gives you some great privileges, including having a contact number people can call you with in case you lose your phone or it gets broken. Another advantage is a clearer line because, admit it, no matter how hi-tech your mobile phone is, it can still lose signal and leave you with a choppy connection. Better check out landline plans offered by various telecommunications’ companies immediately.

Clean Up the Place

Living on your own doesn’t mean you should be a slob; as much as possible, maintain cleanliness in your condo. Pick up your dirty clothes and schedule them for laundry. Wash your dirty dishes and place them back in the racks. And do all the other seemingly mundane yet helpful chores your mother asked you to do when you’re still living with them. As boring as it may be, cleaning would be beneficial for you and your condo in the long run.

Befriend Your Neighbors

Making new friends isn’t that hard; in fact, it won’t even take a minute! So introduce yourself to your new neighbors and befriend them. If you like to hit the gym, make friends with some of the regulars and instructors there. The more friends you have, the less lonely it will feel in your new home.

Eat and Drink What You Love

Now that you have a condo all to yourself, you don’t have to worry about eating or drinking anything you don’t want. You don’t even have to worry about your housemates’ food preferences since you don’t have one! All you have to think about is yourself and your own cravings. So if you’re slaving for fish taco or chocolate cake, then by all means dig in!

Living alone in a new condo is both an exciting and daunting experience. Still, you need not stress yourself over it. Sure, it will take a bit of time to get used to your new lifestyle but you’ll soon get the hang of it!

View from the Top: Pros and Cons of A Penthouse

Penthouse View

Want to live life at the top? If you’re looking for condominiums for sale around the Scout area to complement your fast paced lifestyle, then a penthouse might just be the perfect property choice for you. But is living on the top floor everything that you think it is?

Although there’s no exact rule for valuing top floor units, expect penthouse living to set you back a small fortune. The highest apartment will always command a premium since they come in limited quantities, so if you want to enjoy your view from the top, be prepared to shell out your hard earned money.

Roof Party

The Pros

  • Privacy

Since most developers allocate 1-2 units at the top floor, you get to enjoy that sense of privacy that your neighbours at the lower floors don’t. If you want to keep away from the peering eyes of your neighbours and enjoy some much needed peace and quiet after a long day at the office, it’s time that you invest in a penthouse unit.

  • Security

You also get better security since top floor units are not easily accessible by burglars from the outside. But of course you shouldn’t take that as your only assurance.  If you’re going to buy condo units, make sure that you invest in a development that prioritizes your safety and security above all else.

  • Roof deck access

Top floor units are lusted over for exclusive roof deck access. So if you want extra space for a private party, you can have all the space you want out on the roof deck. That’s if, and only if, the building administration actually allows you up there. Remember, safety first.

  • The view

There are no words to describe the view you get up there. Just imagine how livelier the city will look like when you’re at the top. For many condo buyers, the view itself is already worth the hefty price tag.

Elf_Elevator

The Cons

  • Loud Crowds

Having easy access to the roof deck definitely has its perks, but it can also cause unnecessary hassle when large crowds gather for a party. If your building’s rooftop access is shared, then it might be a bit problematic for you when others use it.

  • Building Integrity

Living on the top floor of an old building makes you vulnerable to rooftop leaks and other structural problems, so future maintenance work may be a drag. Make sure that your building administration takes care of these costs so you don’t end up paying extra money for repairs.

  • Nature Hazard

Nature’s rule is the higher you are, the stronger the winds are felt. When you’re living on the top floor, there’s the tendency that the slightest storm will feel more like a wind tunnel than a safe haven. That’s something that most people won’t tell you. You’ll see nature at its best and worst from the top.

  • Elevator Dependent

Living on the top floor will make you totally dependent on elevator access so be prepared to wait for your turn. And since you’ll be going up and down a lot, be ready to make new friends along the way.

So what do you think? Is penthouse living the way to go? Let us know in the comments below.

Upgrade! 5 Reasons Why a Condo Is Better than an Apartment

Condo is Better Than An Apartment

Most people think the difference between a condo and an apartment is that one looks fancier than the other. Even though both seem very similar in principle, there’s actually more to condominiums than meets the eye.

If you’re currently considering buying your family a couple of condominiums for sale in the Scout area, you need to look into whether condo living is actually better for you in time.

Here are the top 5 reasons why you should upgrade to a condo.

swimming_biking_running_modern amenitiesModern amenities

Condos are the better choice for you if you’re looking to enjoy modern amenities like a pool or clubhouse. With so many condo developments springing up across the metro, you can easily take your pick of the development with the best amenities. It may cost you a bit of extra in monthly dues, but the convenience of having a fitness center in the same building definitely makes up for the extra cost.

security cameraSecurity features

It’s an absolute must for condo developments to implement safety measures to its residents so if you’re concerned about security, condo living might just be the best option for you. Compared to living in an apartment where you don’t really have the privilege of knowing your neighbours, living in a condo can give you some peace of mind.

maintenance toolsProblem free maintenance

Probably the biggest benefit of living in a condo is that you don’t have to worry about the maintenance over the shared areas in the property. There’s a dedicated team of people who are tasked to maintain the grounds, from the grassy open area to the halls of the buildings. If you ever encounter plumbing or electrical problems, all you have to do is call on the building manager to get that dealt with. This is a great perk for people who are busy with work or travel and don’t have the time to maintain their homes.

communityShared community

Condo living fosters a sense for a close knit community so if you want to live in a place where you can get chummy with your neighbours, look for a condo that has an intimate feel to it. Condo associations are not just known for implementing the rules, but on some occasions, putting together fairs, parties, and even mixers for residents.

financeBetter financing options

Last but not the least, owning a condo has become easier these past years so even if you don’t have the money to pay for your chosen full price, you can work around your finances in order to get the best deal. If you’re looking to purchase a condo, during preselling is the best time to stake your claim. It will not only save you some serious cash, it will give you a chance to put money in an investment that will pay for itself in the long run.

More and more people are looking into buying condos so it’s important that you don’t just follow the trend, you actually make it work to your advantage. Want to know what kind of property would be best for you? Don’t hesitate to fill out our inquiry form below.

Where the Heart Is: 4 Ways to Make A Dinner at Home Romantic

Romantic Dinner

White tablecloth, elegant centrepiece, strings playing in the background while you look into your lover’s eyes in the candlelight. As Valentine’s Day quickly approaches, we’re giving you insider tips from our love experts on how you can turn regular date night into a night to remember, without the hefty price tag of course.

Buying a condo for sale along EDSA this year may mean you have to cut back on your spending, but that doesn’t mean you can’t get creative with showing your date just how much they mean to you.

Set the mood for love

You may not see your home as the ideal date place at this moment, but with a bit of creative draping, some fresh flowers, and your best dinnerware, you can set the mood for romance. Decorating your already simple yet elegant home to a place fit for romantic dinners is actually quite easy. The trick is to make use with what you already have on hand. A plain white sheet over a table adds an element of simple elegance, while a vase of fresh flowers is always a welcome centrepiece to any table setting. Take inspiration from your favourite fancy restaurant and arrange your dinnerware how their staff would to make your dinner look and feel special.

Dancing_Tom Hiddleston_Rachel Weisz

Create a Romantic Playlist

Music always sets the mood for loving, so a romantic mixtape is a must have for that special date night. If you need suggestions for romantic songs, get sound inspirations from music streaming apps like Spotify or Deezer.  Whether you’re into country or indie, or an eclectic mix of both, you’re sure to find the perfect playlist to set the mood for the night. Create a playlist that you will both enjoy by mixing classic love songs, sexy songs, and love ballads together for a tasteful evening.

Lady and the Tramp

Cook your best dish

There’s something very sexy about a man or woman who can whip up a meal, so let this romantic dinner be a challenge to you to improve your cooking skills. You don’t have to prepare a 5 course dinner if you can’t handle that yet. You can start with an appetizer – main course – dessert menu for that special night. Just make sure that the dishes you’ll be putting together are dishes that you and your date will enjoy. No matter how simple the meal, the important thing is that you cook with your heart.

Prepare a special treat

Don’t forget to cap off the night with a special treat for your date. Whether it’s a surprise acoustic performance of your favourite love song, or a trip to the rooftop to have wine while you look at the city skyline, preparing a special treat is guaranteed to turn a regular date into a truly memorable experience.

Romance is definitely in the air for Feb-ibig. Whether you’re single, married, or just a hopeless romantic, make sure to show your loved ones just how much they mean to you this month.

Have any romantic tips to share this Valentine’s day? Let us know in the comments section below.

 

The High-Rise Life: The Advantages of Living in a Condo

living in a condo

Condo for sale along EDSA, Quezon City, Makati, Pasay, you name it – there are loads of them being constructed and sold almost everywhere in the Metro. However, not a lot of people, probably even including you, never really considered buying one. After all, you live in a warm and cozy home or apartment that has complete amenities.

But would you believe someone if he or she told you that living in a condo has its own advantages, perks, and privileges too? If not, then maybe he or she wasn’t convincing enough, because there is truly an edge in living in a condo. Here are some reasons to sway you to try the high-rise life.

Location

Makati City

This is perhaps the most common reason why people buy a condo unit. While living in a suburb gives a sense of tranquility, it’s not exactly the easiest place to live in when you have to drive many miles just to report for work, drop your children to school, and in emergency cases, run to a hospital. Just imagine, all the hours you would’ve wasted on being on the road earlier than usual, spent on more productive things at home.

Ownership

You can always rent an apartment if you want to live in the middle of a highly urbanized area. However, an apartment, unless it’s rent to own, can and will never be yours. That means all the money you spent on it are considered as losses. On the other hand, a condo, despite its mortgage being pricier than rent, can truly become your own place.

giphy

While owning your own place may not seem much at first, especially if all you want is to have somewhere to eat, sleep, and leave your things in, you will realize that it does matter when you start wanting to decorate and renovate it however you wish.

No Lawn To Maintain :)

If you’re the type who’s not into gardening, then having no lawn to tend would probably sound good for you. After all, maintaining how your yard looks costs a considerable amount of money, time, and effort. So if you find this rather resource-consuming activity a drag, why not just get a condo and drop it altogether?

Security

If executive villages have security measures and personnel of their own, then so do condominiums. Considering the fact that there is usually just one entrance in a condominium, you can be assured that everyone who comes in and goes out is routinely and scrutinizingly inspected.

And for the protection of everyone inside, there are CCTV cameras installed on the front desk, corridors, and other areas where suspicious activity can arise. Plus, considering that units are quite close together, your neighbors will easily notice any unfamiliar face poking around the building and notify you, other neighbors, and security.

Amenities

Another sought-after part and parcel of condo life is its amenities. In fact, it’s because of them that a lot of the elite have opted to buy units instead of houses.

thumbs up

Just like in an executive homeowners association, you get access to the swimming pool, clubhouse, gym, and other facilities that are exclusive to unit owners only. However, unlike in an executive homeowners association, you don’t have to pay additional fees – permission to use them is already included with the payment for the unit.

So, how does a condo sound now? Relaxing? Safe? Upscale? Well, whatever it is and whether you’ve decided to get one or not, one thing’s for sure – the high-rise life is definitely worth leading.