Any occasion is a good time to party and have drinks, catch up and have some fun.
Archive for March 27th, 2008
Party time?
What part of the house do you like most?
For some, the part of the house they like most is the kitchen simply because they love to cook, the refrigerator must be big and can accommodate all the raw food shopped for cooking, the kitchen faucets must be elegant and good looking, the tiles and everything must be with taste.
Why invest in condotels?
Condo Hotels are probably one of the best Real Estate properties one can own. It gives you the vacation Home you desire, and at the same time higher rental income being usually located in a tourist destination.
A condo hotel offers excellent location, usually in a prime spot, excellent returns because of high rental daily rates and excellent maintenance because hotels are obviously cleaned very frequently, so your unit is almost on tip top condition. Properties become higher in value faster when it is a condo hotel.
Are you insured?
I was handling closing of a real estate property the other day, and among the requirements and forms to fill are a couple of insurance forms on top of the usual Reservation Agreement and Contract To Sell. The client was asked what the forms are for, and I told her it’s an insurance the Developer is getting for you, at no extra cost. It is a form of security that should something happen to you as a buyer, there will be an insurance that would cover the financial obligations to the Developer for unpaid balances.
A health insurance coverage is also another security that the Developers get, so that health related expenses will not get in the way of the monthly amortization.
It’s how much you save!
Financial Literacy is very important. As they say, it’s not how much you make, its how much you save that matters in building a stable finance and a promising retirement years lived in comfort.
There are various investment you can make when after you have secured a certain level of guaranteed safe savings. You could learn how the mutual funds are handled and how you can place investments, you could get consultations from stock brokers or commodity brokers how you can re-invest funds to make more than the usual interest if just left in the bank.