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Author Topic: Construction/Renovation Tipid Tips  (Read 56502 times)

johan827

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Re: Construction/Renovation Tipid Tips
« Reply #40 on: May 26, 2010, 12:45:05 PM »
hmm... so even if im planning to build a house through housing loan, i have to have at least 100,000 to start it up. tama ba? :) kasi interest on houing loan would also depend on how long the construction will take. so the longer the process of construction, the higher the interest i will pay.

@lovemyself,

let me correct...
usually for bank financing, interest varies on how many years naka-fixed ang interest rate that you will choose.  for example you will apply for a 100T loan payable in 15 years but the interest will be fixed for 5 yrs.  meaning every 5 yrs your loan will reconstructed based on the prevailing interest rate at that time.  the lesser no. of fixed years, the lower interest rate.  Eastwest bank has a promo right now na 8% interest pero annual ang repricing.  last april nagka-promo rin ang BPI na 8.75% annual din ang repricing.

hope this helps (or baka naman lalo kitang nagulo)

goodie

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Re: Construction/Renovation Tipid Tips
« Reply #41 on: May 27, 2010, 10:46:24 AM »
^ ganun ba sis lovemyself ang interest rate, on how long the construction will take?

i think tama na may initial capital to start the construction process. one told me to prepare at least 200T. so nawindang ako. so ginawa ko, utang utang muna ako sa banks affiliated with my company to take advantage of the interest rate they're giving to employees. then i plan to pay my debts in full pag nakuha ko na housing loan ko from pag-ibig, with some percentage on top for pre-termination. lakasan lang ng loob. :)

my architect charged me 20T for the blueprint. hehe sabi nya kasama na din pirma nya at structural engr. then may bill of materials na din.
« Last Edit: May 27, 2010, 10:54:35 AM by goodie »

lukrecia

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Re: Construction/Renovation Tipid Tips
« Reply #42 on: May 28, 2010, 09:52:20 AM »
^ sis, ilan sqm ang floor area mo? yung bill of materials ba na ibibigay sa inyo detailed talaga? I mean nakalagay ba dun yung mga quantities ng mga bakal, hollow blocks, etc.?

goodie

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Re: Construction/Renovation Tipid Tips
« Reply #43 on: May 28, 2010, 04:34:18 PM »
^ sis due on sat ang blueprint, so i have no idea yet. will update you sis once i have it. :)

lovemyself

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Re: Construction/Renovation Tipid Tips
« Reply #44 on: May 28, 2010, 10:30:43 PM »
^sige sige update mo kami sis :)

sis johan827, thanks for the clarification. pero yung interest na diniscuss sa pag-ibig, iba pa yun sa annual interest. kasi its like they are charging you na from the time na hiniram mo yung money to the time na magsstart ka ng amortization mo. so for example on the 1st month of construction you needed 500k then sa 2nd month d pa tpos yung house, meaning d ka pa makakapag amortize right? so nagsstart na ang interest ng 500k mo plus yung hihiramin mo pa sa 2nd month. tama ba? hehe. yun kasi pagkaka intindi ko when i attended pag-ibig's seminar :)
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maricar14

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Re: Construction/Renovation Tipid Tips
« Reply #45 on: June 05, 2010, 08:33:10 PM »
I received my contractors quotation today for my house extension and house finishing. Bakit ganun, ang mga quote na naka lagay 1 lot? Eh extension ang pagawa ko not full house construction. Ganun ba talaga?
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Workingmomzie

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Re: Construction/Renovation Tipid Tips
« Reply #46 on: June 07, 2010, 10:37:37 AM »
gandang umaga po sa lahat! need your opinion mga sissies

ano po maganda and durable sa ceiling, hardiflex or marine plywood. kasi ang suggest ng engineer ko metal furring then hardiflex gamitin sa ceiling. nagtanong tanong ako sa iba kahoy daw at plywood maganda.

im confused po. please help....ty in advance sa reply

onefineapril

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Re: Construction/Renovation Tipid Tips
« Reply #47 on: June 11, 2010, 03:36:40 AM »
hi sisses... nasa stage na ko ng pamimili ng color ng bahay...

ask lang sana ako ng advice... alin ba ang mas ok sa mata... (setting aside the budget...)

1. one color na lang for both exterior and interior ng bahay but of different shades of course... like for example.. sa exterior it will be a combination of dark grey, white and aqua blue... sa interior naman could be... light blue.. then another darker shade of blue for the accents... as in blue lahat :)

or

2. totally different colors sa exterior and interior? kung shades of blue sa ext, yellow/orange sa sala, yellow/green sa kitchen....

what do you think, sisses? :)

johan827

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Re: Construction/Renovation Tipid Tips
« Reply #48 on: June 11, 2010, 10:42:25 PM »

sis johan827, thanks for the clarification. pero yung interest na diniscuss sa pag-ibig, iba pa yun sa annual interest. kasi its like they are charging you na from the time na hiniram mo yung money to the time na magsstart ka ng amortization mo. so for example on the 1st month of construction you needed 500k then sa 2nd month d pa tpos yung house, meaning d ka pa makakapag amortize right? so nagsstart na ang interest ng 500k mo plus yung hihiramin mo pa sa 2nd month. tama ba? hehe. yun kasi pagkaka intindi ko when i attended pag-ibig's seminar :)

@lovemyself - ang alam ko kasi (but im not that sure)... pag ganyan construction, may certain period na naka-moratorium (say for example 1 yr).  so meaning... in 1 yr interest lang ng utang mo ang babayaran pero not the whole monthly amortization.  after the given period, dun pa lang start ng monthly amortization. 

censya na di ko sigurado sagot ko... but that's the way I understand [textspeak!] explain naman sa amin PSBANK

tiggerlily

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Re: Construction/Renovation Tipid Tips
« Reply #49 on: July 01, 2010, 12:57:01 PM »
hayz... sa wakas natapos din ang house namin. nakatipid naman ng malaki laki kung tutuusin. yung nagastos namin hanggang finishing pwera painting is equivalent dun sa quotation ng isang contractor na shell pa lang ng bahay. kaso meron pa rin mga kailangan i-repair. hindi ko kasi matutukan ng mabuti dahil sa baby ko. payo ko lang sa mga kukuha ng labor only contract, dapat meron kayong bantay sa site at palagi nyo rin binibisita. kasi pag may mali - uulitin kapag pwede pa ulit, kundi sorry na lang. tapos syempre ang materyales nun sagot mo. sa contractor sila ang may sagot lahat nun. at dapat ulitin nila talaga kung mali.

kailangan talaga ng oras para sa mga projects na ganito. wag lang kayo matatapat sa balbon na contractor, maganda naman ang kalalabasan ng bahay nyo.

eto nga lang everywhere i look now, may nakikita akong mali na sana naipaayos nun sa kanila bago sila matapos. it's just minor repairs. minsan iniisip ko siguro dahil sa pagka-oc ko kaya ang dami ko nakikita. nakapag-diy na nga kami ni hubby last week dahil may tagas yung roofdeck. :(  so far, yun leak pa lang sa roofdeck ang nakita naming medyo matindi tindi. the rest are tolerable. minor repairs lang na pwedeng saka na.

i remember one of our sis here asking about my labor contractor. i'm not recommending him. mapapahiya lang ako. if you are planning to hire or already have a labor contractor, make sure it's not my contractor. hehe! sasakit ulo mo. ubod pa ng sinungaling. taga katipunan yun contractor ko. sabihan nyo lang ako pm ko yun name nya sa inyo.

shololauy

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Re: Construction/Renovation Tipid Tips
« Reply #50 on: July 05, 2010, 10:06:44 AM »
question naman po, I have no idea on house renovation on what to do first, I'm planning to renovate our house (parent's house) help naman po sa mga questions ko :)

1. do I need to attend pag-ibig seminar to loan for a house renovation?
2. based on your experience, how much is your initial capital?
3. we have 90sqm for the house and 30sqm for the garden, how much do you think I need to loan to finish the construction plus the salary of the contructors/foreman etc.?
4. where do get your loan? pag-ibig or bank?

TIA

wengerts

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Re: Construction/Renovation Tipid Tips
« Reply #51 on: July 06, 2010, 04:11:48 PM »
nice thread, TS :)

will be starting building our house this year. God-willing, sana maka-move in this year.

^ sis try ko answer yun questions mo ha.
1. yes sis, you need to attend the pag-ibig seminar if you intend to finance your home improvement with them. may pinipirmahan sa form that confirms your attendance sa seminar.

2. sabi ng architect namin, allot 200k as initial capital

3.  sis that would depend on the BOM mo, then usually DAW 30% of material cost is yung labor cost. roughly, 15k per sqm daw super gandang finishing na. depende sa yo ano preference mo pwedeng bumaba or tumaas yun cost per square.

4. mas inclined ako to go with pag-ibig kasi matagal na kong contributor sa kanila :) para magamit ko naman, sayang e! *hoping ma-approve*

shololauy

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Re: Construction/Renovation Tipid Tips
« Reply #52 on: July 06, 2010, 04:38:21 PM »
^tnx po sa pagsagot, ang prob ko, mukhang kulan yung initial capital namin, wahaha, so meaning ba non, hindi pa kami pwede magstart? let's say 200k talaga yung initial capital na need namin

ay isa pa palang question, binibigay ba sa account ng nagloan yung money, kasi sa case namin, baka yung uncle ko ang maging foreman/contractor namin, hahanap na lang ng tao, hehe

wengerts

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Re: Construction/Renovation Tipid Tips
« Reply #53 on: July 06, 2010, 04:56:21 PM »
^ sis yung initial capital pwede naman mag vary yun. pwede din naman siguro kung 100k.

pag-ibig ka ba sis? ibibigay nila yung loanable amount mo thru cheque, and staggered sya 30-30-30-10. not sure pag sa banks :)

shololauy

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Re: Construction/Renovation Tipid Tips
« Reply #54 on: July 06, 2010, 05:06:02 PM »
^ uu, sa pag-ibig ako, ah ganon ba, thru cheque pala nila ibibigay, so sa'yo talaga, thanks sis ha, attend na din kasi ako ng seminar, e feeling ko nga dami pang kelangan asikasuhin, like yung building permit, etc. hehe, kelan nyo balak magpatayo, advisable ba tong month na to, or better sa nov na lang, kasi tag-ulan?

wengerts

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Re: Construction/Renovation Tipid Tips
« Reply #55 on: July 06, 2010, 05:17:15 PM »
oo attend ka na, saglit lang naman e. saka meron pag saturdays 9-11am sa atrium. pwede ka naman umattend kahit di pa complete requirements mo, at least one less thing to worry about na di ba? magpapastart na kami sa august nung foundation.
ok lang naman yata, July na pero wala pa talagang bagyong dumadating. ask mo na lang yung architect/tito mo hehee d ko din kasi sure! haha :) isip ko naman kasi pag tinamaan ng Christmas, papa-bonus ka pa sa trabahador hehe ;D

HeartHeart

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Re: Construction/Renovation Tipid Tips
« Reply #56 on: July 06, 2010, 05:23:24 PM »
magpaparenovate din kasi kami ng house.  pero hanap muna kami ng malilipatan.  iniisip din namin magloan sa pag-ibig.  how much interest nila?
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shololauy

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Re: Construction/Renovation Tipid Tips
« Reply #57 on: July 06, 2010, 05:26:22 PM »
@wengerts: uu nga no, kapag umbot pa ng dec, may bonus pa, wahaha, kung sakaling hindi naman makuha yung tito namin, yun lang, may bonus pa :P sana nga mga 2-3months lan ang construction e, ang hirap kasi kapag tumatagal, inaantay mo pa din ba yung approval mo?

tiggerlily

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Re: Construction/Renovation Tipid Tips
« Reply #58 on: July 06, 2010, 05:34:48 PM »
^^^ di mo naman obligasyon ang bonus... di naman required... december kami nagstart last year dahil nun lang lumabas yung permit namin. walang bonus... anong bonus?! magpasikat muna kayo! hehe!

^^ tip ko lang lumipat kayo sa pinakamalapit sa ipaparenovate nyo. para mababantayan nyo ng maige ang renovation.

mga around this month of the year last year din kami nagstart magpagawa ng plano at nagshopping ng contractor. nagpasa ng permit around october. tapos lumabas yung permit ng dec 2. natapos ang construction w/o painting last june 12.

wengerts

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Re: Construction/Renovation Tipid Tips
« Reply #59 on: July 06, 2010, 05:42:48 PM »
^^^ sis depende sa iloloan mo and sa years to pay eh.

^ oo nga naman hehe. pero parang kahiya naman kung wala, pero yun nga depende na sa inyo yun kung bibigyan ng bonus or basket :) sis, ilan floor area mo? mansion ata yan ah :D

 

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