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Showing posts with the label buying a property

6 Simple Ways to Save Money at Home

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  With the economy being what it is, people are more conscious about their expenses. The last thing you want to be doing is spending money on things that are not essential. There are simple ways to save money at home, which can cut down your bills significantly. Use energy-efficient appliances If possible, buy energy-efficient appliances such as washing machines and dryers that have lower water and energy consumption levels. These will help save energy and thus money over time because they consume less electricity than their non-efficient counterparts do. Consider replacing your old refrigerator with an energy-efficient refrigerator. You may not be aware of the fact that your fridge is one of the biggest consumers of power in your home. An inefficient refrigerator can use up to 300 kWh per year, which is more than 10% of the total household energy bill. So, it is important to get an efficient one that uses less electricity and saves you money on your electricity bill. Use en

Choosing the Right Housing Property in Manila during the Covid-19 Pandemic

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It has been roughly a year since the spread of COVID-19 virus in the Philippines. This pandemic is the greatest challenge we have faced in this lifetime. Adjusting to the new normal was tough, as the first months have been plagued with confusion and fear. Many businesses have shut down since then, and most are considering implementing the “Work from Home” (WFH) model. Unfortunately, as said by David Leechiu, written in this  Manila Bulletin article , the Philippines is not suitable for the WFH model. He cites poor telecom connectivity, too many relatives, and lack of proper housing to be the few major reasons why WFH would not work. The last time I wrote an article about finding the right housing property was last 2015 . A lot has changed since then. The sharp drop in economy contributed much to the price growth of condominium and house properties. Finding an affordable condominium in Manila is now a lot more difficult as prices soared almost double. In the spirit of preparing for th

The Key Considerations That You Need to Make When Buying a Property

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Buying a property is a major investment. You need to make sure that you are fully aware of the process that is involved in this decision. For some, it can be an overwhelming experience. The jargon and the financial process can be complicated to understand. What is more, the physical process of house hunting can be less than exciting and more of a chore. Relax . What you need is a handy guide to assist you with your house buying quest. With thanks to Philip Taylor on Flickr -   https://flic.kr/p/bDwfRq Here are the key considerations that you need to make when buying a property: 1.    Working Out a Budget While you may dream of living in a country mansion in the middle of nowhere, you need to be realistic. Working out a budget is important. Are you buying a property alone or is this a joint venture? Typically, you will be loaned money based on your income. As a single person, this is three times your annual salary. As a joint venture, this is worked out at fiv