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Monterrazas De Cebu, Guadalupe, Cebu City (2026)

23/09/2024

Ready to Buy Land in the Philippines? 5 Essential Steps for a Smoother Purchase Experience!

First-time land buyers in the Philippines may find the whole land purchasing process intimidating with so many laws and regulations to consider, not to mention the paperwork that comes with it. It’s overwhelming, but here's what you need to know:

1. Know the Purpose of Your Land Purchase
Understand why you're buying land; it will help you find the right property at a good price and with a long-term plan in mind. It's wise to consult with an expert who can explain the financial aspect of your investment.

2. Understand the Types of Land in the Philippines

There are three main categories of land in the Philippines: public, private, and ancestral. Public land is owned by the government and used for public projects. Private land is owned by individuals or corporations and used for residential or commercial purposes. Ancestral land is owned by indigenous communities and subject to special laws.

3. Familiarize Yourself with Legalities and Paperwork

Once you've identified the type of land you're interested in, research local laws and regulations that apply to the purchase, including zoning laws, building codes, and other restrictions. Make sure the title is free of liens or encumbrances. Obtain a copy of the title, deed of sale, tax declaration, and Certificate of Land Ownership Award (CLOA) from the necessary government offices. Ensure all the required paperwork is completed and meets legal requirements.

4. Financing Your Land Purchase

Buying a land property requires funds for both purchasing and maintaining. There are options for financing, including bank loans, government loans, and private financing. Determine the best option for your situation.

5. Understand the Tax Implications of Buying Land

Understand the different taxes that may apply, including capital gains tax, real estate tax, and transfer tax, and how they will affect your purchase. This will help you avoid unanticipated fees or penalties.

By following these steps, first-time land buyers in the Philippines can make the process of buying land much easier. Make sure to take your time and do your research to ensure a successful land purchase.

゚viralシ

03/04/2024

Tips for Everyone.
"Investing in a lot, or vacant land, can offer several advantages for investors". Here are some key advantages:
*Potential for Appreciation: Like any real estate investment, the value of land can appreciate over time, especially if it is located in a desirable area experiencing growth in population, infrastructure development, or economic expansion. Investors can benefit from capital appreciation as the land's value increases over the long term.
*Flexibility and Options: Investing in a lot provides flexibility in terms of potential uses. Investors can hold onto the land for future development, lease it for agricultural or recreational purposes, or even sell it to developers or individuals looking to build their own homes. This flexibility allows investors to adapt their strategy based on market conditions and their investment goals.
*Low Maintenance Costs: Compared to other types of real estate investments, such as residential or commercial properties, vacant land typically has lower maintenance costs. There are no structures to maintain, repair, or renovate, which can result in lower ongoing expenses for the investor. This can be particularly advantageous for investors looking for a hands-off investment with minimal ongoing involvement.
*Tax Benefits: Investing in land can offer certain tax benefits for investors. Depending on the location and specific use of the land, investors may be eligible for tax deductions related to property taxes, mortgage interest, depreciation, and other expenses associated with the investment. Consultation with a tax professional is recommended to fully understand the tax implications of land investment.
*Portfolio Diversification: Land investment can serve as a valuable diversification tool within an investment portfolio. By adding an asset class that behaves differently from stocks, bonds, or other traditional investments, investors can spread risk and reduce overall portfolio volatility. Diversification can help protect against market fluctuations and economic downturns.
*Hedge Against Inflation: Land is often considered a tangible asset with intrinsic value, making it a potential hedge against inflation. As the cost of goods and services rises over time, the value of land may also increase, helping investors preserve purchasing power and maintain the real value of their investment.
*Development Potential: Investing in a lot with development potential offers the opportunity to capitalize on future growth and demand for real estate in the area. Investors can undertake development projects themselves or partner with developers to unlock the land's full value through subdivision, rezoning, or construction of residential, commercial, or mixed-use properties.

13/12/2023

FYI!

PAG-IBIG HOUSING LOAN TIPS‼️
If kumuha ka ng house sa subdivision through PAG-IBIG, take note of these tips:

📌Always pay your monthly amortization and monitor it online via virtual pag-ibig website. They don't send monthly bills so pay your monthly amortization diligently para di lumobo utang mo.

📌Yung binabayaran mo na monthly amortization, naku ang liit lang ng napupunta nyan sa principal. I asked the staff sa pagibig and they told me about the breakdown of my P9,555.34 Monthly Amortization:

P7,166.67 interest
P235.80 Fire
P360 insurance
P1,792.87 Principal 😭
= P9,555.34 total monthly Amortization

Diba ang liit ng kaltas sa principal. Ang laki ng bayad sa interest. 😭

📌This is how you compute your monthly interest. Bigay ko na example yung amin.

1.6M = principal (total amount ng utang namin)
5.375% = annual interest
divided by 12 months

1.6M x 5.375% ÷ 12 = P7,166.67

📌That's why, it is highly recommended to pay in advance sa principal mismo if you have extra money para lumiit din ang interest na binabayaran mo. For example, after 5 years, 1M na lang principal mo so 1M x 5.375% ÷ 12 = P4,479.17

📌Di bababa ang monthly amortization mo BUT because smaller na ang interest, BIGGER na ang kaltas sa principal mo.

📌If you have extra money and you want to pay in advance, go directly to pag-ibig office and sabihin EXCESS TO PRINCIPAL yung payment mo.

---For example, magbabayad ka ng 50k and
10k ang monthly amortization,
the excess which is 40k will be deducted directly sa principal amount mo. So nakabayad ka na ng monthly Amortization, nabawasan pa principal mo.

📌Iwasan mag advance payment sa monthly amortization sa bayad centers. Mababa lang nababawas nyan sa principal mo. Bayad ka na lang sa principal.

---For example, if nag bayad ka sa payment centers ng 50k for your monthly amortization, meaning you don't need to pay for 5 months kasi nag advance ka na sa monthly amortization mo. Pero ang liit lang ng kaltas nyan sa principal mo.

📌You can pay the principal ONLY IN PAG-IBIG OFFICE not in bayad centers.

📌For example, nakabayad ka na ng monthly mo sa bayad center last April 1 tapos may extra money ka pala before your due date and you want to pay in advance, pwede pa yan. Punta ka ng pagibig office and say you'll pay DIRECT TO PRINCIPAL. Para whole amount na mabayad sa principal.

This is based on clients experience and based sa sabi ng staff sa pagibig. I hope this can help you guys. We need to be financially literate para di tayo mabaon sa utang 🙂

28/11/2023

FYI!

Are you planning to build your dream home this year in the Philippines and curious about construction costs for different types of buildings? The figures provided can give you valuable insights and a rough estimate of your future home's budget. 💵

The 2023 Construction Cost of Houses in the Philippines is categorized into four types:

✔️Bare: Estimated cost is PHP 25,000 per square meter, suitable for a home with minimal finishes and basic amenities, serving as a starting point for your construction budget.

✔️Standard: Priced at PHP 35,000 per square meter, this category offers higher-quality finishes and standard amenities, commonly preferred by homeowners.

✔️Luxury: If you desire a more upscale and luxurious home, the "Luxury" category costs around PHP 45,000 per square meter, including premium finishes and luxurious features.

✔️Iconic: Representing the most prestigious category, "Iconic" homes come with top-of-the-line finishes, unique architectural designs, and exclusive features, priced at around PHP 65,000 per square meter.

Keep in mind that these figures are minimum estimates and may vary based on material quality, material source, and construction location.

For precise budgeting and successful realization of your dream home, it is highly recommended to consult a professional. They can provide tailored advice, navigate construction complexities, and offer a detailed breakdown of costs based on your preferences and requirements.

Best of luck with your planning and building!

17/11/2023

Enjoy the holidays with an amazing sale with a reservation incentive. We have 4 units available.

Reservation fee: 500k

Message me for assistance.

14/11/2023

Claim it 100%

13/11/2023

The Rise @ Moterazzas de Cebu
Loft Villa.
(P94 million to P118 million)

With a total of 244 to 508 square meters, The Rise at Monterraza’s loft unit comprises four bedrooms and four bathrooms.
Among the rest of the expansive space are living and dining areas, two walk-in closets, a family area, powder room, a maid’s quarter or utility area, private elevator, and a main and wet kitchen.
Outside, select lofts also hold an option with a whirlpool bath.

For pricing and reservation details, please send me a PM.

10/11/2023

4 UNITS left for Legato Monterras.

Feel free to message me.

07/11/2023

4 UNITS LEFT! (Legato)

Take advantage of owning a 3-story house and lot with the breathtaking view of Cebu City- all day, every day, only here at MONTERRAZAS LEGATTO! This is the 3rd model of the Skypod series and we have very limited units left!

Amazing project in Guadalupe with overlooking view.

For assistance, feel free to message me.

05/11/2023

4 UNITS LEFT! (Legatto)

Take advantage of owning a 3-story house and lot with the breathtaking view of Cebu City- all day, every day, only here at MONTERRAZAS LEGATTO! This is the 3rd model of the Skypod series and we have very limited units left!

Message me to reserve a unit!

27/10/2023

FOR ALL TO KNOW‼️

This land usually are being sold as 🔥 YUTA DATA DATA🔥.
So please before investing, check.
Before deciding, refer to a Licensed Real Estate Practitioner for a DUE DILIGENCE of all the papers.

🕵️Things to know about CLOA:

👉 Is it safe to buy a property with CLOA Title?

Looking for a property to invest or a land where you can build your future home one can be taxing. There are lot of factors to look into including and importantly the legality of the property that you are eyeing.

👉Is someone selling you a property or have you gained interest in a property that has CLOA title and you’re not sure whether or not it is safe to buy a property with CLOA Title? Here are some of the important information about CLOA land to help you decide whether or not it is worth all the effort to acquire it.

🔥What is CLOA Title?

Certificate of Land Ownership Awards or CLOA is a document that states ownership of the land granted or awarded to the beneficiary by the Department of Agrarian Reform (DAR). This means that the current owner of the CLOA land had acquired the property from DAR.

🔥Can the owner sell the CLOA Land awarded to her/him?

The CLOA land is legally under the name of the owner or the beneficiary but it has some conditions and restrictions under the Comprehensive Agrarian Reform Law (CARL) and other applicable law. Included in the limitations is the selling or transferring of ownership of the CLOA Land to other people.

👉Take Note🔥

Unfortunately, CLOA lands cannot be alienated or sold to any other person. There is an existing 10-year restriction period from the time the land was award to the beneficiary stating that the beneficiary cannot dispose of these lands whether by selling it or transferred.

Selling them to any developer or any private citizen without the permission of DAR considered illegal.

👉When can I buy a land with CLOA Title?

Since the CLOA land beneficiary is prohibited to sell, transfer or convey the right to use the land, it can only be sold, transferred or conveyed to their children, the government, the Land Bank of the Philippines (LandBank), or other qualified beneficiaries after 10 years.

Only after 10 years that the CLOA land title restrictions has lapsed can you safely and legally purchase the land.

Under the land reform law, farmer-beneficiaries can only sell the land after 10 years and/or only after the original owner has been compensated.

👉Should you invest in a CLOA titled land?

The straight answer to this is unless the CLOA titled is over 10 years old or the current owner or beneficiary had fully compensated the original owner of the land is when it is safe to buy the property.

Make sure to do your due diligence and look up the legality of the property you are buying – regardless if it is CLOA titled or otherwise.

09/10/2023

𝗪𝗵𝗮𝘁 𝗶𝘀 𝗥𝗲𝘀𝗲𝗿𝘃𝗮𝘁𝗶𝗼𝗻 𝗙𝗲e?

👉The Reservation fee is a payment made by clients to developer to hold a property and is usually good for 30 days.

𝗜𝘀 𝘁𝗵𝗲 𝗥𝗲𝘀𝗲𝗿𝘃𝗮𝘁𝗶𝗼𝗻 𝗙𝗲𝗲 𝗿𝗲𝗳𝘂𝗻𝗱𝗮𝗯𝗹𝗲?

👉𝐍𝐨. Because when an interested buyer made a reservation to hold the property but eventually wants to cancel, the developer missed selling the property to other interested buyers, thus the developer lost an opportunity.

𝗜𝘀 𝘁𝗵𝗲 𝗥𝗲𝘀𝗲𝗿𝘃𝗮𝘁𝗶𝗼𝗻 𝗙𝗲𝗲 𝗱𝗲𝗱𝘂𝗰𝘁𝗮𝗯𝗹𝗲 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝘀𝗲𝗹𝗹𝗶𝗻𝗴 𝗽𝗿𝗶𝗰𝗲?

👉𝐘𝐞𝐬, the reservation fee is deductible from the selling price.

゚

Monterrazas De Cebu

23/09/2024

03/04/2024

13/12/2023

28/11/2023

17/11/2023

14/11/2023

13/11/2023

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27/10/2023

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