Tag Archives: Real Estate
Photo Credit: Harmonis Residences Facebook
Are you planning to buy a house and lot to be your future home, or perhaps as a property investment? Harmonis Residences is Citrineland Corporation’s very first residential subdivision project located at Lagtang, Talisay City, Cebu. For at least Php7K plus (the lowest monthly amortization either bank financing or PAG-IBIG) a month, you can now have the dream home you want.
Top 5 Reasons Why Harmonis Residences is Ideal For You
Aside from the fact that Harmonis’ target is the middle class market (thus the much affordable rates), this subdivision is also the very first residential project of Citrineland Corporation (known for their condominiums) and this means (according to one of their engineers) that all units are built with high quality materials. Also, the concept and theme are well thought because Harmonis Residences will be used as a model for their future residential subdivision projects. Below are the top reasons why you should check this new residential properties out.
1. Affordable Monthly Amortization Rates
For as low as Php7k plus amortization rate per month, you can now live in your very own house. This estimated rate applies to their Myda (the middle units) house model. See the rest of the sample monthly amortization rates computation below for the rest of the model houses. (Note: These are just estimates and may change without prior notice).
You can separately pay the equity for up to 24 months (this changes depending on the house type). This is more convenient than paying for it along with the amortization in monthly basis. After 24 months, you are free to transfer to your newly bought home.
3. Fully-Fitted Units Ready for Occupancy
Connections for water and electricity are already fitted and the only thing you need to is to install the services to start using them. Lighting sockets, bathroom, kitchen counter and cabinets are also already installed and ready for use once you transfer. The whole unit is ready for occupancy and all you need are your furniture.
4. Centrally Located
Photo Credit: Harmonis Residences Facebook
I went to the site on the 7th of November and it is indeed located near the main highway. You can just walk from the highway to the subdivision area. The subdivision is 5 minutes away from the following landmarks:
- St. Joseph Church,
- Robinson’s Supermarket,
- Wilcon Depot,
- St. Scholastica Academy,
- Gaisano Fiesta Mall,
- Tabunoc Public Market,
- Don Bosco Retreat House,
- Talisay City Hall,
- and Church of Jesus Christ of Latterday Saints.
Another major thing that makes the location of this subdivision more exciting is the near completion of SM Seaside City construction in the South Road Properties (SRP). You don’t need to go to SM Cebu anymore because a better and bigger SM City is currently being built near the area. Also, you can just easily visit Cebu’s newest residential resort once all the construction are done at SRP.
5. Ideal for Family
Photo Credit: Harmonis Residences Facebook
Photo Credit: Harmonis Residences Facebook
Harmonis Residences was conceptualized with family living in mind. The whole subdivision has 63 exclusively well-arranged residences with an Urban Asian design concept. Amenities include zen-inspired tri-level water podium, children’s playground, garden gazebo, and the Trellis.
House Model Units When Fully Furnished
I’ve got these photos from their Facebook page. These are for illustration purposes only and are subject to change without prior notice. Myda and Enya are 2-bedroom-1-bathroom-1-carport units while Yssa is 3-bedroom-2-bathrooms-1-carport unit. All units are 2-storey houses.
Mid Units aka Myda (Ground Floor)
Lot Area: 40-49 sq.m. | Floor Area: 47 sq.m.
End Units aka Enya (Ground Floor)
Lot Area: 56-85 sq.m. | Floor Area: 47 sq.m.
Single Attached Units aka Yssa (Ground Floor)
Lot area: 70-90 sq.m. | Floor area: 61 sq.m.
As of 13th of November, Harmonis Residences is still under construction. Below is their updated site plan highlighting the units which are already sold with X marks.
Lastly, below is a scanned 3D model of the whole subdivision, South-West perspective.
If you are interested to buy or to know more about Harmonis Residences, kindly contact Kristine Gonzales, CPA or Engr. Ronmar Gonzales through the following channels.
Kristine Gonzales, CPA
Engr. Ronmar Gonzales
Last, last, last…don’t forget to tell them where you heard about Harmonis. (;
Below are actual photos of the house models when I went there last 7th of November. The 2nd group are photos taken by my cousin on the 8th.
Sources and References: https://www.facebook.com/pages/CitrineLand-Corporation http://www.flaminiaphilhomes.com/property-detail/767-harmonis-residences http://cebuhomeph.weebly.com/harmonis-residences/harmonis-residences-in-tabunok-talisay-city-cebu http://www.citrineland.com
N.B.: That is the very question that keeps on popping in my head every time I pass by the area. Are these buildings being built in SRP can withstand major earthquakes like those that happened in Japan? For sure the architects and engineers who were assigned to plan the layout of these buildings took proper care in ensuring that they are constructing properties that can withstand major catastrophes (especially if they are built in an area wherein the foundation is threatened by water).
Still under construction – SM Seaside City Cebu Soon to Open at SRP
But, what are the risks people should know before they buy properties that are situated in reclamation areas? Below is a guest post by my fellow blogger, Todd Mayfield of Fearless Men, that discusses the risks and what people need to know before they buy any types of properties that are located in reclaimed lands. – EOD
The Risks of Buying or Developing Real Estate Properties In Relocation Sites Situated on Reclamation Areas
So you’re finally going to take the plunge and purchase your first home! Congratulations on one of the first major steps that every individual has fantasized about since they were a little kid! This very exciting time should be carefully thought out with precision planning on finances as well as location. After all, this is a very major step and once one has signed on the dotted line, it will take a lot of work to put it back on the market if things should not work out.
Whenever it comes to real estate the key to any successful investment is still location. From breathtaking views to coastal or mountain retreats, these are so serene and one dreams of never leaving this kind of environment. Tired of all the homes you’ve looked at and that for some reason all seem to look the same? Have you ever considered building one’s personal or business property on one’s own land? Many think that it is terribly expensive and out of reach but truthfully if one did their homework and researched land that may be available, one might find the deal of the century!
The risks of real estate development on relocation sites (especially in reclamation areas) are just like any other phases of growth. There are always pro’s and con’s to each real estate development but if one were deeply immersed with their project, and found skilled, resourceful and seasoned developers to assist in their project, one can almost certainly ensure a successful venture. There are tons of real estate firms that specialize in this particular industry. They are very aware of current laws and regulations that must take place before any type of construction can begin. Taking advantage of these very skilled professionals would be a wise investment in time and energy when it comes to a development of this size.
One of the first steps looking into purchasing or developing on relocation sites is the motive behind the initial move. If the property owner were just being relocated to another part of the country or state and did not have ample time to deal with these matters, safety issues are less likely a concern. If however there was a major natural disaster involved, one should look into whether the area is inhabitable or if it is at risk for more probable natural disasters.
According to California’s Association of Bay Area Governments, reclaimed lands are highly susceptible to soil liquefaction during earthquakes. This can increase the amount of damage that happens to buildings and infrastructures. The issue of subsidence is also being considered. This can happen due to soil compaction on filled land.
Looking into a successful relocation requires a steady stream of reliable resources. The first being properly planned and adequately funded projects that have everyday necessities like water, electricity, availability and ease of transportation, available markets, schools and health resources are all within reach. In general a resettlement manager can be the ‘go to’ person for directions and coordination of this multitude of a project. A seasoned task force is generally put together with different skill types and expertise so when the need should arise, there is no lag time for this kind of restructure. Some of these can contain relevant government and administrative lines and should work very closely with the designated task force.
About the Guest Author
Todd Mayfield is the co-founder at Fearless Men’s blog and writes about real estate investment here. He believes that manhood isn’t defined by pink vs. blue, being overtly sexual, how many chicks you get with, or being a total fool in public. He’s certain that manhood is defined by choices. Daily, weekly, yearly, over and over again. The choices to sharpen, refine, and grow. To Todd, manhood is taking responsibility and living with the consequences.
There is no quick means of making a decision to buy your first house. It is easy to fall in love with the house of your dreams that fits your personality and needs, but there is some work that needs to be done in order to make that dream into a reality. Buying real estate is not only a big decision; it is a life-changing decision that needs planning.
When you begin planning for your new home, it means establishing a budget and knowing where you stand financially. Creating a budget and understanding your finances will make it a lot easier for you to begin the process of taking that leap into buying real estate.
Track Your Debits
The first step to establishing your budget is gathering all your monthly bills. This means your credit card bills, rent, utilities, student loans, and household expenses – everything. Separate all your bills into these categories so you can easily identify the needs versus wants in your spending.
Buy a log book or accounting book to keep track of all your expenditures. At the top of the log write down your beginning balance for the month, this would usually mean your first paycheck. Then continue listing your expenditures. When you receive another paycheck, if you are paid twice per month, list that as a credit and continue tracking your expenditures as debits. Your balance at the end of the month will give you an idea of where you stand financially.
Assess Your Debits and Credits
Once you have a nice log of your debits and credits for an entire month, you can now begin assessing where your money is going. For example, are you spending too much on eating out or the movies? Are you buying too much new outfits or new technology gadgets? This can be identified as the areas considered “wants”, which you can decrease or eliminate and put that money into a savings.
As you will need a certain percentage of the cost of a new home as a down payment, it is important that build your savings by cutting back on your wants. If you have excessive credit card bills, then you want to take that extra money and pay down those credit cards before you start saving.
Build Your Savings
Once you have established your budget, any monies left over in your budgeting account should be placed in a savings account. These monies should not be used for any emergencies, but for your home purchase. You can establish another savings account as an emergency fund. The amount that you have saved will be reviewed when you begin the home buying process.
Check Your Credit Report
A lender will check your credit history and credit score, so before he or she does this, you should do this on your own. There are many free sites on the Internet that can provide you with this information free of charge. Knowing where you stand in the financial market will allow you to attack your monthly budget to make positive changes to your credit history. This will also ensure that you get the best interest rates on your home mortgage.
In order for you to qualify for a home mortgage, your credit history, as well as your income and what you owe will be reviewed to come up with your debt-income ratio. How much you have saved and your work history will also be analyzed. Be prepared when deciding upon buying real estate so that there are no hidden items that will hurt you qualifying for a home purchase.
Photo above is used under Creative Commons License. Credit.
There are numerous homes which are currently on the market that need serious work done to them before they will be habitable. If you ever dreamt of owning a fixer-upper of a house, you are in luck, since these days there is no shortage of them out there. You will be pleased with the benefits you experience by owning a home that you plan on renovating.
One of these benefits is that you will almost certainly save money when you buy such a property. That is because the property value is based heavily on the appearance of the house, as well as if it is complete, or does not require repairs or replacement of anything large. Buying a fixer-upper home means that the money you put in will be an investment in the long run, because if you turn around and sell it you will you should be able to ask for a bit more than what you paid for the house.
Another benefit is that you can use it as a rental home, or just rent out an apartment (or more than one). For instance, putting in new floors, a beautiful deck, and other attractive features will make prospective renters more willing to pay higher rent than otherwise. Then, you can turn around and use this money for taxes and your mortgage payments. You may even be able to pocket a little extra money beyond your payments.
When you purchase a house that you will renovate, you have the additional benefit of being able to customize it, so that it truly can be your dream home. It is so much easier to customize it, if the house is unfinished or in need of repairs. If you are willing and able to put the time and effort in to this project, the rewards will be amazing.
It is easy for many people to become discouraged when thinking about the cost of supplies, tools, and appliances for the renovation. However, it often balances out or ends up still costing less than if you had purchased a house that was in move-in condition. Also, there are one time renovation loans that are offered by many lenders. Use your resourcefulness and savvy to acquire such a loan, and soon you will be on your way to having your own perfect home for yourself or as a rental. Contact Jensen and Company Real Estate for information and assistance with locating a home to renovate.
Photo above is used under creative commons license. Credit.