Why here?

Sun Star Cebu Yearbook - - BUSINESS AND ECONOMY -

Since the start, Chris Camba was al­ready de­cided on get­ting a condo.

“I’d been want­ing to get a loft, some­thing that has a big­ger floor area ( be­cause) I don’t want to feel that

I’m re­stricted. For me, a loft is spa­cious both in terms of area and lay­out/ de­sign,” he says.

His main con­sid­er­a­tion in get­ting his Box, as what he fondly calls his condo unit, was lo­ca­tion— how ac­ces­si­ble it is to var­i­ous es­tab­lish­ments and to his of­fice— and the ameni­ties avail­able, so he can do leaisurely ac­tiv­i­ties dur­ing hol­i­days or week­ends. Hav­ing worked in a land devel­op­ment com­pany, Chris knows re­li­a­bil­ity of the developer’s prop­erty man­age­ment is also very vi­tal.

“I will rely on them for ba­sic re­pairs and main­te­nance, which I don’t have time to at­tend to. I made sure that the developer has the ca­pac­ity to main­tain the prop­erty very well,” he ex­plains.

All paper­works were taken care of by the developer; all Chris had to do was show up dur­ing the turnover, pay the dues and sign the papers.

The unit he got was bare— no tiles, paint and fix­tures— so Chris had the free hand to do what he wanted his Box to look like. To say that he was hands- on is an un­der­state­ment; he had a con­cept in mind, looked for ma­te­ri­als, for­mu­lated a work plan and budgtet, bought ap­pli­ances and fix­tures, and go to the Box ev­ery night to see the progress of the con­trac­tor. All these paid off. What would usu­ally take at least 3 months to fin­ish was done in just a month.

“It was not that easy, es­pe­cially since a lot of these things are new to me. The most com­mon prob­lem is re­ally the sched­ul­ing and meet­ing the

“I learned that the best way to deal with it is to com­mu­ni­cate ex­pec­ta­tions and clar­ify agree­ments and, more im­por­tantly, spend time to re­ally check the

progress per­son­ally and reg­u­larly.”

BANK EX­EC­U­TIVE CHRIS GAMBA ON DEAL­ING WITH

mile­stones agreed. I learned that the best way to deal with it is to com­mu­ni­cate ex­pec­ta­tions and clar­ify agree­ments and, more im­por­tantly, spend time to re­ally check the progress per­son­ally and reg­u­larly,” he ad­vises.

Riella Guioguio, on the other hand, said she and her hus­band of two years de­cided to build their own house af­ter about a year of rent­ing.

“We re­al­ized that our rent is just a sunk cost. We’d rather pay for some­thing that will be ours in the fu­ture,” she shares.

Riella and Froilan both wanted to con­struct their own house than buy a ready unit. For a cou­ple with two kids, the Guiogu­ios knew they needed a big­ger lot and a big­ger floor area for their house. With this in mind, they knew a condo was not an op­tion so they bought a lot first then built the house later.

“For us, if we are to raise fam­ily, we have to get a house and lot. We feel that con­do­minium is too re­stric­tive be­cause there isn’t enough

CON­TRAC­TORS OR DE­VEL­OP­ERS

space for the kids to play or run around, or for us to have our own gar­den. We want an airy en­vi­ron­ment where we can raise sev­eral dogs and have lots of trees within the area. We also want to have an op­tion to ex­pand our house if we want to be­cause there’s still space,” Riella ex­plains.

The Guiogu­ios even­tu­ally found the lot they wanted: costs cheaper than mar­ket rates, near the main gate/ guard­house, ac­ces­si­ble to pub­lic trans­porta­tion, strate­gi­cally lo­cated, and el­e­vated ( fear of flood­ing is elim­i­nated).

Like Chris, Riella and her hus­band were lucky to have found a con­trac­tor whom they trusted and helped them with the paper­works and made the whole house- build­ing process less has­sle.

“We just spent more time in choos­ing the ma­te­ri­als such as tiles, lava­to­ries be­cause we had to ac­com­pany the con­trac­tor and de­cide what de­signs to buy. Small items, such as light­ings and some fix­tures that were not part of the con­struc­tion con­tract, also gave us headache be­cause we had to buy them our­selves and it took up a lot of our time,” she shares.

For Eds, time came for her and her fam­ily to get their own place when the own­ers of the house they’ve been rent­ing for 29 years said they were go­ing to use the prop­erty al­ready.

“In­stead of rent­ing again, why not buy a house?” Eds and her fam­ily asked them­selves. And so the house- hunt­ing be­gan.

She even­tu­ally found one near where she works in Bani­lad, as she pre­ferred.

Un­like Chris and Riella’s ex­pe­ri­ence, Eds’ was far from has­sle- free. Since she just as­sumed the house, she had to deal with re­quire­ments more than the usual home- buyer would need and she worked on it her­self. Worse, it took her a year to fin­ish all these.

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