Cost of Condo Living in Philippines
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- Опубліковано 7 вер 2024
- #condoliving #condoexpenses #condodues #realpropertytax
Cost of Condo Living in Philippines
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Best tip: pumili kayo ng condo na kapartner ay pagibig(hdmf). Kasama na sa monthly dues ang lahat ng insurances na nabanggit ni sir. Flexible pa or up to 30yrs nyo mailoloan. Annually, real property tax nalang poproblemahin mo. Hope this one helps.
Inshallah... Next year I will have my very own condo. Thanks for the information sir,.
SOBRANG INFORMATIVE LAHAT NG TANONG SA ISIP KO NASAGOT
Additional tip/reminder:
Keep track of everything.
Lagi din naman natin hawak phone natin, we can utilise those simple apps like notes/Calendar/spreadsheet, etc. 😊
Hi Mr.Will.Malaking tulong sa kapwa natin ang share mo regarding sa property/Flat.I highly appreciate it.God Bless you.
Thank you 🙂
Sorry about the tax , it’s actually tax form I missed understood. Thankyou so much very impormative...Salamat it’s more easy to understand watching your vlog ❤️❤️❤️
Sa madaling salita, magastos sa titira sa condo. Haay ganun talaga.. Tatry ko mag condo living pag na turn over na.. titignan ko kung gaano kasakit.. mga 6mos to 1yr. Then papa-rent ko pag nahihirapan ako hahaha.
Sa House and Lot pa lang sa subdivision, divided by 10 to 12 lang ang babayran sa association dues with larger lot pa yun.. plus, yung annual property tax mura lang.. and that's it pero syempre maintenance ng house mo, sagot mo yun.. pero basta mas mahal pa rin sa condo talaga.. so make sure yung condo na bibilhan nyo would really make the most out of sa association dues at maramdaman nyo yung premiums sa condo living.
Thank you for the great insights 🙂
Monthly dues can go as far as 10-20k , it is like paying rent for the lifetime to your little to compressed space
No, my condo dues is only 100 pesos per square meter.. So its only P2,500 for 1bedroom 25sqm.. Then I got to enjoy all the Amenities like, swimming pool, gym, air-conditioned lobby, 24hr security, housekeeping.. For ONLY P2,500 /mo.. You got to enjoy all of that 🙂…
Really a dream come true living in a well manage condo 🙂😊
Monthly juice arca south 84 pesos per sq m.. avida tower
Our Monthly Condo dues is only 3,360 for 30.25 sqm.,
hi sir, how much po yung 25sqm condi nyo po? planing in the future to buy 🙏
Ours is 66.35 per sqm only. 😀
thank you sir will araw araw ko na napapanood un videos mo about real estate at marami ako natutunan actually kukuha na kami nun unit ng kaibigan ko smdc turf residences at un agent ko e un kaibigan ko .
If you could share a English version it would be great. Salamat po.
Depende kasi iyon kung gaya sa subdivision o dormitories, kung saan monthly ang upahan, hindi talaga kasama diyan ang bayad sa utilities like electricity, water and communication. Kung uupa sa hotel kung saan ang tenant ay mag-check in for less than a day to a week, siyempre kasama na doon ang bayad sa utilities on a regulated usage. Alangan hintayin pa niyang dumating ang bill eh sandali lang naman siya mananatili doon sa naturang area.
Pagdating sa condo insurance, dapat kasama na rito ang acts of nature coverage, tulad ng earthquake and uncontrollable hazards. Once these are happened, mawawalan na ang mga unit owners na matitirhan at source of income if in case pinapa-rent out ang property.
Thank you very much sir. I learned a lot,
Very informative topic, Thanks for making this vlog, it gives me more idea about the expenses in owning a condo. Cheers
Thank you, pls subscribe to my channel. And also pls share to your friends in facebook. 🙂
I like how you explained it, very informative.🙂
New subscriber here. Thanks for this video. 🙂
thank you po sir this very informative vlog. Unit owner din po ako sa hills residence SMDC at the same time IMP din po
Salamat sa informative information na binahagi nyu po. Ako ay maraming na tutunan sa video po. Godbless po!
Youre welcome po.. pls subscribe for more informative videos po 🙂
Thank you po! Very informative!
Sir, how about parking fee or parking cost pag owner ka ng condo? Thank you
Great insight on condo dues kaigan. Salamat!
Thank u so much po sir ang galing very informative.
Thank you.. please like and subscribe and also don’t to forget to share this video to your Facebook, pra mas madami ang ma inspire 🙂
Thanks to you... Nwla din sa dream ko ang magkaroon ng sariling condo...thank you po.. super nice ng explanation
❤️
Same😂 pangarap ko sana as an average wage earner😂
Thank you for the info. Bro. Will, super helpful po lalong lalo na sa mga OFW ktulad ko na bumablak bumili ng condo. Godbless po!!
Welcome po 🙂
Bro. Will kilan po ba dapat dadating ang contract after mong mag reserved ng condo?salamat
Usually 4-5 months
Thank you po😊👍
Btw I’m choosing SMDC po near sm city iloilo,
As usual, a great and very informative vlog! My house and lot in Tagaytay is due for turnover next month, Oct 1. It is in a secured and gated village with resort amenities. I wanted to get it rented long term. My question is: do i need to furnish it ? There's a property manager onsite but how can i get renters fast? Can a friend of mine up in Tagaytay pay taxes on my behalf? Thanks for your input!
Magaling si Sir mag discuss. Maraming Salamat po.
Thank you 🙂
Thankyou for the great info costs for owning condo for foreigners.
Thanks for sharing. Got an ideas.
Savings naman 1. Time its priceless 2. Pamasahe 3. Security 4. Baha
I agree 🙂😊
Thanks for info vid Sir, have unit at Grace Res that is turn over in few months plan to rent out & Bloom on 2022. New Subscriber here
thanks po for informing us...
Tingin ko po isa po sa hindi nyo naisama yung parking. Kung sa bahay po. Pde na ipark sa tapat nang bahay. Sa condo. Rent o bibili pa po nang parking space.
Yes renting a parking slot is another expenses for those owning cars. 🙂 thanks for the insights 🙂
Hi Will, thanks for this very informative video! As you have mentioned earlier, property tax kicks in when the condo unit has been officially transferred to the buyer?
Very informative sir, great content! Question lang sir, may idea po kayo regarding real property tax and insurance for common area? Ever since kasi nagpalit ng management yung condo namin bigla na lang nagkaron ng charges for these every month. Wala naman notice samin bigla na lang nagadd ng charges for common area aside pa dun sa assoc dues. I was wonderning if same po ba sa ibang condo? Thanks!
Like your vedio dami kong natutuhan 👍
Very informative video! :)
Thanks, it helps
That’s true kc ako nagbabayad din Ng real state tax s Bahay ko every year at un nag rent cla n Ang nababayad Ng monthly dues dun sa subdivision association’s
Nice vlog ganda ng topic mo sir Will
Anong fees aside sa list price, misc fee, bank fee, e vat? thank you
Hello 👋🏼 po I’m new subscribers of your your channel. May question lng po pag fully paid na yun condo unit mo kailangan pa ba kumuha ng fire or home insurance? Thank you po 😊
Optional nalang..
Napaka informative talaga ng videos mo sir👍👍👏👏ask ko Lang po ang mri po ba isang beses lang magbabayad or yearly po ?thankyou
MRI is yearly..
Buti nalang nakita ko to. Nasagot agad ang mga naiisip ko. Thank you. 😁
sir ask ko if mg aagent ka smdc tpos kuha unit..me kikitain pa ba din as agent of ur own property?
Good info. Paano naman ang security ng condo owner anything happened on the building like earthquake? Will the condo owner be paid by the condo company? What is the assurance of the condo owner?
There is a building insurance.
Kung ikaw ang magbabayad ng real state tax, ano ang binabayaran ng may ari ng building? I don't thinlk you have to pay real state tax since you don't own the land, you only own a space in the building, di ba?
kung nagbabayad ka ng MRI tapos namatay ang buyer, ibig ba sabihin ang property ay automatic sa mga beneficaries or sa condjugal partner mo..?
nice video as always. I have a question though. Now that yong mga companies nagpa work from home sa mga staff nila, do you think they will embrace the new normal and will not let their staff go back to the office?
Paano nalng yong mga condo na ang prospects nila na mag rerent is mga staff na nasa BPO?
I think babalik padin ang mga employees sa mga offices. We have just need to wait lang na ma vaccine majority of people, para somehow bumalik un normal routine natin. 🙏🙏🙏
@@willblanza-realtytv thanks sa reply
Real estate tax, Sino ang magaaply noon si Smdc or personally myself because I asked Smdc they said they will send me an email regarding this they say it’s in process it’s almost 1.5?years now wala pa rin.. regarding the tax how much you have to pay?
can we just include the assoc. dues with the monthly rental of the tenant? or let the tenant pay for it just like paying their own Meralco and internet bills?
Better to add up the assoc dues to the rent.
Hello, yung RPT receipt mo ba nakapangalan sayo or sa developer? Thanks
Under MECQ or ECQ, is swimming allowed in the condo swimming pool? Any restrictions? Thanks
Hi Sir Will, ask ko lang po kung ano pong insurance ang meron kapagkumuha ka ng condo. Salamat po sa sagot. God bless po.
Bukod po dun sa fire insurance. At kung sa downpayment pa lang po ba may insurance na? Salamat po.
Sa DP stage, no insurance needed.. Pero kapag nag loan kna sa Bank.. Meron ka babayaran ng Fire Insurance and MRI ( Mortgage Redemption Insurance )
Hi sir, new subsriber here, ask ko lng po mga magknu real estate tax ng 24.80 sqm? At mga magknu po potential rent sa 1BR po sa Field Residences po. Salamat sir
Around 5K per yr ang RPT.. estimated nasa 18K-20K for 1 br rent per month
first time subscriber here and like all your videos. Is there anyway to waive the MRI so it doesn't add up to monthly expense. Here in Canada, if you put down at least 20-25% down payment when purchase condo or house the mortgage insurance will be waived. Thanks.
Thank you for subscribing.. the only way to waive the MRI is if you pay off the loan.. the MRI role is if something happen to the barrower, tHE MRI will fully paid your Bank Loan. So basically the bank will not allow a barrower without any insurance or MRI.. hope I answer your question..
Usually magkano ang fire insurance ? Depend din ba sa laki unit ?
hi po ask ko lang po sana kung paano po dapat ang proseso ng pagbili ng condo kung ang seller ay sa developer pa nagbabayad at ang turn over ng unit ay sa sept 2021 papo ano po dapat naming gawin kung ako po ai buyer?
Nice content sir, but I have a question tho because I recently reserved a unit at Charm Residences in Cainta. Same din po ba kaya yung expenses like paying the real property tax annually? Same din po ba kaya ng price since outside metro manila naman yung Charm Residences ng SMDC?
Thank you Joan, for Cainta, real property tax is lower compare to Makati. Also condo dues is lower. Congrats on your investment 🙂
Salamat sa pagshare ng info, Sir Will. Laking tulong! Tanong lang po, kapag nafully-paid na ang property (hindi na naka mortgage); hindi po ba sya kailangan ideclare/magiging subjected na sa Income Tax Return annually?
No need na..
Sir.will! Question after the turn over the unit
Mabilis ba mag pa rent ng condo!
Thanks 🙏🏼 for this video very informative
Yes, its also depends on the location of your condo.. If meron demand sa location, normally in less than a month, it will be rented.
@@willblanza-realtytv and regarding about you mention about the experience of condo and loan 💵 payments and annually fee!
Lahat Po ba yan will start to pay after the turn over of unit!
Sir @will, las pinas area po b mabilis pa rentahan? Along Southmall po, south ressidences 2
As a homeowner, are you guys required to have homeowner's insurance? Or like property insurance? Here in US we are required to have it.
Hi sir
Kaloan lang po ng condo ko maybe 3-4months na required na po ba ako magbayad ng property tax?thanks po
Para nkaka takot mag invest sa condominium. Daming binabayaran ,dito nga sa bahay hirap na mag bayad ng kuryente hehehe
Parang ang hirap mghanap ng tenant n uupa ng 30k a month s hirap ng buhay ngaun....
Hi pls message us at our Facebook Page:
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Sir parang masyado namang mababa ang assessment level dyan sa property mo?. Kahit may 10% discount pa yan.
Oo nga
Ok po ba kumuha ng unit sa vine residences at madali mapa rent sa may quezon city area? At magkano po estimated na renta?
Hi Riz, pls msg us in our Facebook Page.. Its Will Blanza Realty TV
Sir, pag wala pang turnover ng unit, hindi mo kailangan simulan ang bank financing diba?
Wag mo muna ipa released un loan.
What is the time frame for issuance of condo title once the unit is paid if full.
How abt filing of income tax of unit owners above 30k? Is it require? Or the middle man will pay for the income tax since there is a service charge?
Usually 1 year for Title to get released. Theres no income tax for condo rentals. So far, government is very liniet for condo owners. The only tax you need to pay is the Property Tax or Amilyar.
Kamusta ang market sa condo rental? Madali ba makahanap ng magrerent?
Mabilis na ang 3 years para makahanap ng occupant
Sir Will, yun bang property tax binabayaran yun even if wala pa sayo yung title (meaning di ka pa fully paid sa bank) or after na ng full payment?
Basta sir naturnover na sayo required ka na magbayad. Hope this helps.
Sir question lng po, pag bibilhin po ba ung condo unit in cash, matatanggal po ba ung FIRE insurance and MRI? Maraming salamat po
Yes tama
Maraming maraming salamat po, I'm currently watching your other videos kasi gusto ko pong mag invest in the coming months or years. Btw po, I am a full time cryptocurrency trader and investor po located dito sa US. Tlgang papasok po ako sa real estate once I took profits po sa mga crypto assets ko. I'll talk to you soon sir! Thank you and God bless!
Hanggang ngayon napapaisip pa rin ako kung pano nila na a-afford gumastos ng 30-50k/month para lang sa condo. Anong meron silang trabaho para ma-afford yan. Sana all talaga. hahahaha :)
Most of the renters are foreigner. Yes they afford 25K - 35K rental rates.
@@willblanza-realtytv Thanks for the information. Baka medyo barya lang para sa kanila yun. hahaha.
sir can you give a sample computation wherein a foreigner has the 40% capital stock
Hi Will, magkaano ang charge sa cleaning service at monthly wifi? thanks. RS
Paano po ba mag-open ng BDO Bank Account kung sa Canada ako nakatira? ang nangyayari kasi ay yung sa AIF sister ko ang ginagamit kong bank account for my future payment sa BDO condo loan....salamat po.
Thank you for watching my videos 🙂.
To open a BDO acct you need to be physically present po.. So I adviced pag uwi nyo ng Phil, open kayo BDO acct.
Magkano po yun sa fire insurance at yun MRI na binabayaran nyo at yun sa real property tax
Hi pls message us at our Facebook Page
facebook.com/wbrealtyphilippines?mibextid=2JQ9oc
Parang may rent pa na babayaran after na maging owner ka pala. The same po ba kung hindi hinuhulugan monthly ang bayaran?
Pano po pag fully paid mo na sya binili po need papo ba mag loan sa bank ro avail a unit?
Tips nmn po panu makakuha ng mag rerent ng 28-30k monthly
Kumuha ako sa SMDC Green 2, di man lang to inexplain sakin ng agent. Ang dami palang babayaran. hahaha Mga magkano kaya sir kong papaupahan ko ung unit sa green 2 dasma per person na studio type? good investment po kaya sya?
Hi, any update?
Question insured ako may 2 akong life insurance nakastipulate sa policy ko yung MRI pde ko ba gamitin yung policy ko
Ilang percentage Kaya ng property ang fire at mortgage insurances? Tumataas ba ang condo dues every year?
Freelancer ako sir, may savings. And nagpplano mag invest at ito agad naisip ko. Sa katulad kong freelancer, massuggest nyo na ba na ok to? though di ko alam hanggang kailan ako sa current employer ko, ideal kaya yon? I earn more than a minimum salary sa pinas, but regarding sa tax, wala ko non e. Every transaction is online, voluntary sa sss. Unit na for rent sana kunin. Great video btw.
Pls message me sa Facebook, Its Will Blanza.
@@willblanza-realtytv done. Thanks
Will tanong ko lang ano ang mga contact number mo . And kung hindi mo jurisdiction ang SMDC wind Tagaytay do you have any one to recommended ? A licensed estate agent . Thanks
Will Blanza, my FB Acct
pwede bang i-omit yung mortgage redemption fee sa annual payments sino ba nag didikta nun banks or developer?
Hindi cia pwede. Banks required MRI. One reason lang, kapag namatay ang barrower or umutang, sino magbabayad ng Loans? Kaya meron MRI, the mri will pay your loans in full if namatay ang umutang.
Sir will tanong lang ako . Di ako dumaan sa banko Dahil Wala akong work Pero ang naging deal instead ay ako ang magbabayad sa developer buwan buwan is that legit ? Azure condo unit sa pamapanga . Salamat
Hello sir. Ask ko lang po magkano po ba pwede ipa rent yung unit na 1br sa fame residences? Thank you
Once maturnover un Fame, projected rental is 25K - 30K.. 35K may be in 5years
Ok sir thank you po. Anyway nice video po.
New subs here sir. Like me po na nagbabayad monthly ng amortization online, How to avail po ng 5% pag let’s say magbayad ng 1 year? Automatic po ba yun?
Magkano ang association dues sa smdc?
What if cash mo binayaran? ano nalang yun mga monthly expenses mo?
Mawawala na un MRI and Fire Insurance.. so it will be Propert Tax, Condo Dues, And your Water and Elec
Hi Sir Will! Just like to ask po regarding the condo dues, say for example 400sqm po ang size ng unit. So around 40K po ang monthly condo dues? Tama po ba?
Possible ito. Pero depends sa naka-indicate sa contract. ranging from 65-100 per sqm.
Sir ask ko lng po about sa tax tska mir kc bigla nlng ako ini email Ng bank for unpaid bill which is updated namn ako SA bayad every month ..Ito po ba ung tax and MIR which it occurs annually?big help sir lalo na salon na ofw salamat po
Bakit walang MRI kung based ka abroad?
pede din ba online payment sa real state property tax if you ofw.
Parang hindi po.. over the counter lang.
Sir Sana gumawa Po kayo NG video Kung pano makakahanap NG rerenta sa condo?
Yes, soon 🙂
Hello po. I am now only waiting for my unit turn over in South residence po. My unit is 2BR. How much do you think I can rent my unit and how? I live abroad and I don’t visit Philippines that often. Also does it have to be fully furnitured or not necessary?
For 2Bedroom, around 30K - 35K, pls contacT SMDC LEASING in their FB Page.
Dami ko tawa Kay sir
subtitles or English version...
sir Tanong ko lang po ung RPT po ba magkaiba ung RPT sa city hall at RPT Ng condo MISMO? meron po bang common area na binabayaran pa or kasama na un sa monthly dues po?thanks po Sana masagot u sir naguguluhan po kc ako sa tinitirhan kng condo e
Yes meron din kasi tayo binabayaran ng RPT para sa mga common areas like lobby, amenities, etc. The computation is included in the condo dues. Since madami owner ng condo, kaya maliit lang sharing.
@@willblanza-realtytv samin po sir Hindi kasama sa monthly dues e
Need ba ifill ang condo kahit fully furnished? Mgkano gastos nyo po sa pra sa mga gmit mo sa condo nyo po?.
Hi Han, for the Basic Furnished condo, gagastos ka ng 120K - 140K.
Salamat sa sagot sir. 1st time kasi n partner ko tas mgtuturn over na ng condo and problm eh d xa makakauwi kaya napakalaking tulong ng vlog nyo po sa amin pra may idea kami. 😁 thnk you po. SMDC din po kasi sa Dasma ang condo nya. 😅
@@twistedwhisper1011 youre welocome po 🙂
how bout po yun pag install ng elec. meter? di po ba condo owner din mgpainstall.,
No, kasama na cia sa turnover.. water and elec already installed.
Ano po ba yun 20k deposit sa elec? (cebu area) . Idk in manila..
good pm sir .subcriber nyo po ako.ask ko lng kung magkano ang renta ng 28.52sqm with 2bd
thanks
Vicencio Baring
What project