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Tips in purchasing pre-owned homes

PSBank, through its “Good to Know” campaign, helps you spot a gem among wide choices of pre-owned houses with these tips.

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A property seeker is always hesitant when it comes to buying second-hand homes. This is because such properties could eventually cost you a fortune in renovations if you are not cautious.  

Spare yourself from possible buyer’s remorse. PSBank, through its “Good to Know” campaign, helps you spot a gem among wide choices of pre-owned houses with these tips:

Know where to look.  The best places to find pre-owned real estate properties for sale are banks and local government institutions such as the Home Development Mutual Fund or PAG-IBIG.  Check out their website and you’ll find the best property deals.  There are also property auctions that these institutions organize.  Some properties not normally listed in their websites are being auctioned here. 

Schedule a visit or inspection.  Determine the real condition of the house yourself by asking a professional inspector for help.  Check if the basic structure, floor plan and infrastructure remain sturdy and durable. Ensure that there’s electrical and plumbing system installed, rooms are well-proportioned and there are no bad cracks or serious leaks. A great buy would be one with no major fixes and you’ll be able to move in to your new home soon.

Consider the location. The location is just as important as the house itself. If it is located within a good school system, a nearby transportation, market or grocery, then finding a home priced to accommodate the necessary updates could be a good deal.

Verify documents. Check the title and latest property tax receipt. The title will not only tell you how old the property is but it will also let you know if the property had a chain of previous owners. 

Check the market value of the property.  To ensure that you will not be paying more than you should, go through the current price trends and get an estimate or seek an expert to help you evaluate the second hand property against similar properties in the area.

Buying an excellent pre-owned property or a second-hand home entails lots of patience and due diligence. However, getting it for a bargain price should be more than enough motivation and be able to convince you that what you purchased is more than what you paid for.  You really just need to know where to look.

PSBank is currently offering significant discount on its already low-priced pre-owned real estate properties for sale.

Buyers looking for quality and affordable pre-owned condominium units, houses and/or lots will enjoy 20% to 25% discount on selected properties when they purchase from December 4, 2018 to March 4, 2019.

Aside from this great deal, you are assured of “clean” pre-owned properties for sale.  This means that each property in PSBank’s list of Real Estate Properties for Sale has a registered title and a tax declaration consolidated under the Bank’s name.  Plus, all properties are free from any legal issues and are already in the possession of the Bank.

To avail of the promo, you simply need to submit a completely filled-out Offer to Buy form and Buyer’s Information Sheet to PSBank Asset Sales Department, at any nearest PSBank branch, or via the Bank’s accredited brokers.  You also have the option to make their purchase in cash or by applying for a PSBank Home Loan with Prime Rebate.

PSBank Home Loan with Prime Rebate offers low interest rates, convenient payment modes, and flexible payment terms.  Applicants will also get a credit decision within five banking days or less via SMS.  Borrowers can also save money by paying early or before the due date or by paying more than their monthly loan amortization.  PSBank Home Loan has the Prime Rebate feature allowing home loan clients to earn rebates in the form of “interest discount” on any advance or excess payments made on the loan. Over time, clients could use the rebates to lower the loan principal, shorten the loan term, or even both.

Check out the list of properties and download the forms at www.psbank.coml.ph/propertiesforsale

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Home Care

Spending time on household chores may improve brain health

Engaging in household chores may be beneficial for brain health in older adults. In a recent Baycrest study, older adults who spent more time on household chores showed greater brain size, which is a strong predictor of cognitive health.

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Engaging in household chores may be beneficial for brain health in older adults. In a recent Baycrest study, older adults who spent more time on household chores showed greater brain size, which is a strong predictor of cognitive health.

“Scientists already know that exercise has a positive impact on the brain, but our study is the first to show that the same may be true for household chores,” says Noah Koblinsky, lead author of the study, Exercise Physiologist and Project Coordinator at Baycrest’s Rotman Research Institute (RRI). “Understanding how different forms of physical activity contribute to brain health is crucial for developing strategies to reduce the risk of cognitive decline and dementia in older adults.”

In this study, published in the journal BMC Geriatrics, the researchers looked at the links between household chores, brain volume and cognition in a group of 66 cognitively healthy older adults living in the community. The participants attended three assessment visits at Baycrest Hospital, including a health evaluation, structural brain imaging and cognitive assessment.

Participants were asked about the time they spent on household chores, such as tidying, dusting, meal preparation and clean up, shopping, heavy housework, yard work, home repairs and caregiving.

The researchers found that older adults who spent more time engaging in such activities had greater brain volume, regardless of how much exercise they did. This was observed in the hippocampus, which plays a major role in memory and learning, and the frontal lobe, which is involved in many aspects of cognition.

Although it is possible that individuals with larger brains are more likely to take up household chores, there could be several explanations for the brain benefits of household physical activity.

First, we know that heart health is closely tied to brain health. It could be that household chores have a similar effect on the heart and blood vessels as low-intensity aerobic exercise.

Second, the planning and organization involved in household chores may promote the formation of new neural connections over time, even as we age.

Third, it could be that the older adults who engaged in more household chores spent less time being sedentary, which has been shown to be associated with negative health outcomes, including poor brain health.

“Besides helping to guide physical activity recommendations for older adults, these findings may also motivate them to be more active, since household chores are a natural and often necessary aspect of many people’s daily lives, and therefore appear more attainable,” says Dr. Nicole Anderson, Senior Scientist at the RRI, Director of the Ben and Hilda Katz Interprofessional Research Program in Geriatric and Dementia Care, and senior author of this study.

This study was funded in part by the Canadian Institutes of Health Research (CIHR).

As a next step, the researchers would like to assess household physical activity more objectively using wearable technology. With additional funding, they could also plan controlled trials with the aim of increasing individuals’ household activity and studying brain changes over time.

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Home Care

Fresh ideas for home upgrades

Spring means it’s time to start sprucing up your home and garden with a little TLC inside and out.

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Spring means it’s time to start sprucing up your home and garden with a little TLC inside and out.

If you’re unsure where to begin, consider these tips:

Make function a priority.

While aesthetic changes may boost value and please the eye, be sure to consider upgrades that make living easier, like organization units that give you more space or upgrades that create additional living space.

Keep budget in mind.

Make a list of the projects you’d like to complete and estimate how much each will cost. Use the list to determine what you can afford to complete now.

Do your research.

If you’ll be making a significant purchase such as a new vacuum or grill, be sure to explore your options, read reviews and shop around for the best prices for greater confidence in what you choose.

Set yourself up for a more enjoyable spring with more home and garden tips at eLivingtoday.com.

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Home Care

When to update home and garden goods

As you tackle spring cleaning this year, take stock of your common home and garden equipment to determine what may need updating.

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Investing in quality products, properly maintaining and storing them all have an impact on how long they’ll stay in good working condition.

As you tackle spring cleaning this year, take stock of your common home and garden equipment to determine what may need updating.

Lawn Mower: If your mower needs a repair that exceeds its value, it’s time for a replacement. However, there may be other signs that an upgrade is warranted. Rough operation, frequent breakdowns or other indications of faulty performance deserve a second look. Before you buy new, remember to check your warranty to determine whether repairs might be covered.

Vacuum: Many homeowners discard their used vacuum when it stops picking up dirt and debris as efficiently as it did originally. Before you move on, be sure to check that performance issues aren’t the result of clogged hoses or a filter than needs cleaning or replacing. A belt may also be worn or need adjusting. Other signs it may be time to replace the vacuum include damaged or frayed cords, motor issues like overheating or making strange noises.

Grill: A grill may last anywhere from 5-15 years, depending on the quality of the materials and how it is maintained. However, it’s common to have to replace parts along the way. Signs you may need a new grill include a firebox (the main enclosure) with cracks, rust or holes and burners that distribute heat unevenly. Damaged grates can affect even grilling if they’re warped or if they’re flaky or rusted, they can contaminate food. If you’re not able to replace the grates, or any other essential part, including hoses and connectors for a gas grill, you’ll be better off replacing the unit.

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