Why Lumina is the best place to live at
Contributor: Jannel Ventura
13 Reasons Why
“Lumina is the best place to live at”
1. THE HOME WILL BE YOURS
Unlike renting where you pay a landlord for him not to kick you out, Lumina is affordable and will only cost you as low as 1,898 a month. Imagine renting a home for 2,000 to 3,000 a month. Where will the money go? It’s where you think it is, the landlord’s pockets. Isn’t it exhausting to work eight hours a day just to put money in someone else’s pockets? If you choose Lumina, you’ll be able to pay for your own home. Lumina offers Easy PayLite Bank Financing, a financing option that’s achievable like paying for a home that’s rent-to-own. #SavingGoalsAchieved!
Buying is the cheaper alternative over the long term. While your mortgage payment may initially be more than you’d pay in rent, you’ll spend less over the life of the loan if you buy. Rents may rise over time, changing the equation. Also, given the tax benefits of home ownership, your true out-of-pocket costs from day one can be less than that of your monthly rent.
2. YOU’LL HAVE THE PEACE OF MIND OF OWNING YOUR OWN HOME
No need to worry about the damages you’ll have to repair when you leave the house you’re currently renting! Breathe and relax ’cause you now have your own. The satisfaction homeowners feel whenever they go home tired from working all day is utterly great. You don’t just have a place to live in but a place that you can call home, where you can have your own family and/or maybe start a legacy. Dream big and claim it kabarangay! #BahayGoalsAchieved!
When you factor in the possibility that real estate values often go up over the years, home ownership looks even better. The cherry on top is that when your mortgage is paid off, you can stop making payments but you keep the house.
3. THE NEIGHBORHOOD
Do you worry that your neighbors might nag cause of your loud music? Worry no more. Lumina builds homes through a reinforced concrete system, where the walls are sound-proof.
Of course, the house is just an added value to the subdivision. What we treasure the most are the people in it. Lumina has a Home Owner’s Association (HOA) that handles the welfare of every JUAN in coordination with the Customer Care Department. Here in our barangay, Lumina cares. We don’t just build subdivisions in order for people to have their own house; rather, we break grounds and build barangays in order for every JUAN to have a place to call their home. And due to this, I’m formulating a new hashtag: #BarangayGoalsAchieved!
4. FORCED SAVINGS
Owning a home not only is cheaper then renting, it forces you to save money at the same time. Your monthly payments are going towards equity that you can tap into for retirement, college expenses, etc. Whereas, rent just flies out of the window.
As Dorothy repeats so often during her stay in Oz, there’s no place like home. It’s true even if you only have eyes for the bottom line. When you buy a home, you enroll in a forced savings plan. No matter how tight your budget may be, you find the money to make your monthly mortgage payment. The so-called “forced savings” argument is a widely-held one: Since homeowners have to pay their mortgage every month, they are routinely putting money away (and into their house, which they own), instead of squandering it on new shoes or fancy meals. Then, if you eventually sell your home after the mortgage is paid off, there’s a good chance that “you’ll walk away with a payoff,” even after subtracting the costs of ownership, says Hodges. (Of course, homeowners who face foreclosure or declining home values often find themselves without such equity to show for their monthly mortgage payments.)
Month by month, you pay down the mortgage and increase your equity — the amount of money you can sell the house for less than what you still owe on it. Over a lifetime, home ownership helps you build wealth.
5. HISTORY IS ON YOUR SIDE
Don’t forget to consider the future when looking at new homes. Buying a home is an investment, and you want to make sure that you’re going to be able to sell that house someday. If you’ve heard the adage, “Don’t wait to buy real estate, buy real estate and wait.” Owning a home is an investment many people can understand better than
buying stocks, because they get the tangible daily lifestyle benefit of living in the home. But the financial benefits are also significant, and can be more substantial than stock investing. As a home appreciates, it accrues faster than a stock might because you get the appreciation on the entire home’s value, not just the gain your down payment cash invested. No, your home isn’t the stock market and you shouldn’t view it as the way to get rich. But if the economy does surprise us all and start booming, sooner or later real estate prices will head up again, too. One lesson from the last few years is that stocks are incredibly hard for most normal people to own in large quantities–for practical as well as psychological reasons. Equity in a home is another way of linking part of your portfolio to the long-term growth of the economy–if it happens–and still managing to sleep at night. #InvestmentGoalsAchieved!
6. YOU’LL HAVE ANOTHER SOURCE OF INCOME
If you are purchasing a property that you plan to rent out, you’ll be able to profit off of your investment as soon as you find tenants. Then you can take the money you earn and reinvest it to your property or use it to pay off other bills and debts. Here in Lumina, we offer affordable rowhouses that are mostly ideal for bed spacers added the fact that Lumina sites are always located near universities and colleges. You can arrange the interior of a house ideal for students. A little tweak and creativity can give you an edge and have students rent a bed space. #HanapBuhayGoalsAchieved
7. GET SMARTER
Why is it ideal to buy a bare house type house rather than a house with semi-furnished finishing? Fact: You’ll be able to customize your own interior like the partitions. Another Fact: You’ll be able to save more money if you will have your own contractor. See the difference on our previous blogs? “In my own opinion, it is better to buy a bare type unit. Why? There will be more opportunity to tweak the inside of the house, whether I want two bedrooms or not. And, it’ll cut a lot of cost. Depending on the number and quality of work done on a bare unit, a semi-furnished unit may cost twice as much compared to a bare unit. And to discuss what bare type units are; bare type units are houses where there’s really nothing in. There will be no tiles (just concrete for the pavement), no paint for walls and ceiling.
Renovating your space with a certain style in mind can be a fun and memorable experience. However, you need to take note of the renovation policies of your house. Make sure you submit the architectural and engineering drawings to the Customer Care Department before starting with the actual work. It gets better cause you’ll be able to discover the inner architect and the inner designer of you. #CreativityGoalsAchieved
8. THE HOT GETS HOTTER
Housing markets continue to roll along, hitting record sales and prices. Real investment is what I would like to call Lumina House and Lot. Trends today are high rise and mid rise condominium units, but over time, buildings will deteriorate and what you call an investment now will eventually fall down the drain. Unlike condominiums house and lots have a greater appraisal value. Why? The more development there is, the more value. And not that you only have a building or a house unit; you also have your own lot, where even if the house deteriorates over time, you still have a lot now with a larger value that you’re than your contract price before. #HatawLumina
9. TRAIN LAW
The Tax Reform for Acceleration and Inclusion (TRAIN) is the first package of the comprehensive tax reform program (CTRP) envisioned by President Duterte’s administration, which seeks to to correct a number of deficiencies in the tax system to make it simpler, fairer, and more efficient. It also includes mitigating measures that are designed to redistribute some of the gains to the poor. Through TRAIN, every Filipino contributes in funding more infrastructure and social services to eradicate extreme poverty and reduce inequality towards prosperity for all. TRAIN addresses several weaknesses of the current tax system by lowering and simplifying personal income taxes, simplifying estate and donor’s taxes, expanding the value-added tax (VAT) base, adjusting oil and automobile excise taxes, and introducing excise tax on sugar-sweetened beverages. TRAIN Act decreases the tax on personal income, estate, and donation. However, it also increases the tax on certain passive incomes, documents (documentary stamp tax) as well as excise tax on petroleum products, minerals, automobiles, and cigarettes. Due to TRAIN Act, minimum wage earners will be able to have a higher take-home money and bonuses [probably the only part of TRAIN Act that Filipinos like]. The good side about TRAIN law is that Filipinos, especially minimum wage earners is lesser tax. As said on articles online, the revenue of TRAIN Act will fund roads and passages according to the Department of Transportation. There are pros and cons of the TRAIN Act to the Filipinos, but what part of it will largely affect the buying patterns of the Filipinos?
*High Take-Home Money
Train overhauls the outdated National Internal Revenue Code (NIRC) which was adopted 20 years ago.
Higher take-home money indicates a more flexible buying pattern. Filipinos will be able to distribute their income to their everyday expenses at a higher digit.
*Higher tax on necessities and other products
This is the part of the TRAIN Act that critics did not agree to. Due to the fact that the added tax on everyday commodities will just compensate the less tax on personal income.
*added peso value per liter
The estate tax rate was also changed from 5% to 32% of the net estate to a flat rate of 6%. Additionally, the following deductions allowed in computing the net estate (to be subjected to estate tax) were increased:
The table above hints that due to the TRAIN Law, there will be less estate tax. This could trigger an option to the developers to use penetration pricing to cater the salary bracket of the Filipinos. Rather than price skimming, penetration pricing offers a price based on the expenses.
The data stated greatly affects businesses and the consumers themselves. For the bottomline, TRAIN law resulted into higher take-home money that compensated the higher price of goods. The law according to online sources is anti-poor due to the price hike of goods, but pro-people because the revenue of the taxes will fund government facilities like hospitals, and will aid the education for the Filipinos, it will also build public roads and highways.
Buying pattern due to TRAIN vs. NRIC can greatly affect Filipino’s acquisition of real estate properties. Yes, they will be affected because of higher expenses, but in contrast to this, they will also be able to have higher take-home money, added the fact that real estate properties can offer an affordable house for minimum wage earners due to TRAIN. Added the fact that government and private institutions use employee’s net income for loan qualification; due to TRAIN, a higher income digit can be an opportunity for loan approval.
Remaining in one neighborhood for several years allows you and your family time to build long-lasting relationships within the community. It also offers children the benefit of educational and social continuity. Plus Lumina have amenities where your children can bond and build camaraderie among other kids. These amenities includes a basketball courts where boys can be boys, mini playground where little kids can be as playful as possible and future developments on commercial areas inside the subdivision (#EverydayNeedsAchieved!) #BarangayGoalsAchieved!
The home is yours. You can decorate any way you want and choose the types of upgrades and new amenities that appeal to your lifestyle. You can customize your space. Whether you need to redo the bathroom to reflect your Art-Deco tastes, owning the space you live in means you have the freedom to do so, without worrying about losing your security deposit. Owning your home means you can paint your kid’s room any color you want, you can change your floors from carpet to wood, and you can put a new chandelier in the dining room without asking a landlord for permission. And sometimes, making these home improvements will increase the value of your property. You can have the kitchen and bathrooms you want. You can move the walls, build an extension–zoning permitted–or paint everything bright orange. Few landlords are so indulgent; for renters, these types of changes are often impossible. You’ll feel better about your own place if you own it than if you rent.
12. TOMORROW IS TODAY
If you’re currently renting an apartment or home, you may be eager to purchase your own space. Don’t move too quickly, though! Look at how much rentals are going for in the area in which you’re thinking about buying, and compare prices. When researching home prices, it might seem a little counter intuitive to look into rental costs, but this is definitely something to consider. Compare average rent prices in the area with your total monthly payment, including taxes and insurance. If owning a house costs 35 percent more than renting, it might not be a good time to buy in that particular neighborhood. Unlike rent, your fixed-rate mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will likely increase. And the more developments you’re city or province has or will have, the property you’re currently paying will also have an increase on its value.
13. TO INSPIRE OTHERS
Whether you’re a minimum wage earner or a big time executive Lumina have a wide range of house units that can suite your want and needs (and your budget). Having the ability to afford a home without getting broke is a big achievement. Investing while you’re young will always be a smart decision. Make tomorrow today buy thinking of having your own property. Other people gets awaken by the fact that it’s time to own a home where other people around start owning one. This chain effect is where the initiator influences other that it is in fact a smart decision to have your own house and lot. Being able to influence other people by just making a big move for your own future is a big milestone, as Holding Up the Universe says:
“Sometimes, when you meet someone, it changes the world, theirs and yours.”
Want more info? Lumina always give homeowners a free site tripping inside their subdivision! Tara na sa Brgy. Lumina! Get in touch with us!
Lumina Pampanga, Lumina Tarlac, Lumina Cabanatuan,
Bataan, Lumina San Jose, Pangasinan
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