29/06/2024
Real Estate 101
SOMETHING TO KNOW๐๐๐
โ WHAT IS A MOVE-IN FEE ????
Move-In Fees is an amount paid by the homebuyer to the property developer before the property is officially turned over to him/her.
These are the necessary fees to be paid before dwelling in a unit which might includes the following:
๐Water Connection โ if the subdivision/project have their own water system, or they have a preferred provider. They have special negotiations with the company to set it all up for their clients. The homeowner will just have to pay for the fees.
๐Electrical Connection โ just like water, electrical connections are usually pre-arranged by the developer. The moment the client applies for the connection it will be like a switch on service to activate it for the homeowners. The posts where the connections be activated are already pre-installed for convenience and easy activation.
๐Association Dues โ This is usually a joining fee or advance payment of the monthly/quarterly or annual association fees if you are a homeowner in a subdivision, compound, apartment or condominiums. In condominiums it is called condo dues. It covers the amenity maintenance fees, security fees for the guards and other subdivision maintenance fees. This fee is agreed upon the existing homeowners of the subdivision or community. For new subdivisions or condominiums, association dues or condo dues will be discussed through a general assembly meeting of the homeowners and will be agreed upon through plebiscite.
Other developer might include this one also:
๐Pag-ibig MRI/Fire/Advance: Php 15,000.00
๐Advance Real Property Tax
