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Home arrow Profession arrow Realtors arrow New In Real Estate Technology : Build-To-Own (BTO)

New In Real Estate Technology : Build-To-Own (BTO)

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Written by Reginald Arizabal Tagavilla   
Friday, 19 May 2006
WHAT IS BUILD TO OWN?

BUILD TO OWN is a construction industry initiated development led by G&W Architects, that build your homes at DIRECT COST by eliminating middleman developer’s non-project related add-on costs, while at the same time giving homeowners UNPRECEDENTED PROTECTION through the involvement of a trustee bank…


1. PROFESSIONAL COMMITMENT

THE NEW BUILD METHOD: Homeowners directly engage the services of a construction industry professional team who build their homes at DIRECT COST.

 

THE OLD BUY METHOD: Homeowners buy from a middleman developer, who engages the same group of construction industry professionals to build and resell it back to the buyers with 40% higher price.

 

Ensuring the BEST QUALITY and the FASTEST DELIVERY.


2. ACCOUNTABILITY 

THE NEW BUILD METHOD: Professionals are bound by both the code of ethics and the legal responsibilities for the quality and safety of the building, his objective is to build a structure that he can take pride in while earning a reasonable compensation on the form of a standard fee.


THE OLD BUY METHOD: The middleman developer’s corporation has only one objective, which is to earn as much money as possible for themselves and their stockholders.

3. PROTECTION AGAINS DIVERSION OF FUNDS
 

THE NEW BUILD METHOD: Each unit owner employs a depository and disbursement bank with strict instructions that all funds will go directly to the project alone.

 

THE OLD BUY METHOD: All payments are paid to the pocket of the middleman developer, with no accountability of where the money goes. Most often, it is used to pay previous debts, to fund another unfinished projects or worse, for personal extravagances that cause project failure.


4. DIRECT OWNERSHIP FROM THE BEGINNING 

THE NEW BUILD METHOD: The whole project is free of any debt and nothing is mortgaged. All assets acquired and on sire remain as the unit owner’s property throughout the construction period.

 

THE OLD BUY METHOD: The project funds are raised through loans, using the land as mortgage. Unit buyers will get their units only if and when the middleman developer achieves their target profits, and pay all debts.


5. HOMEOWNERS EARN INTEREST 

THE NEW BUILD METHOD: Payment deposited by the unit owner to the depository and disbursement bank will earn high yielding interest for the homeowner before the construction starts.

 

THE OLD BUY METHOD: Without any construction expenditure for the first 3 years of pre-selling, the middleman developer collects payments from the units and takes all interest generated from those funds.


6. FASTER DELIVERY MEANS EARLIER INCOME 

THE NEW BUILD METHOD: The 2 year delivery time frame allows the homeowner to immediately rent out or use their home, saving 3 years worth of rent paid to live elsewhere.

 

THE OLD BUY METHOD: The homebuyers unit will be delivered 5-7 years from the date of purchase because of the 3 year delayed contract. Homebuyers will lose 3 years worth of rental income from the unit or incur rental expenditure to live elsewhere.
THE GRAND HAMPTONS

 
  • LOCATION FEATURES
    • Convenient Access
      • Bounded by 3 major road ways: EDSA, C5 and SLEX (South Luzon Expressway)
      • 5 minutes to Makati CBD through Kalayaan flyover
      • 15 minutes to NAIA Terminal 3
    • Underground Infrastructure Following International Standards
      • Fiber optic cable network broadband superhighway supporting a wide range of telephony, video and data applications
      • Underground power line system by MERALCO (Manila Electric Company)
      • Centralized gas piping
      • Potable water distributed by Bonifacio Water Co.
  • COMMERCIAL DEVELOPMENTS
    • Bonifacio Global City has emerged as a retail haven. Whether bargain-hunting or splurging, feasting or snacking, it is a pleasurable and satisfying experience.
  • INSTITUTIONAL DEVELOPMENTS
    • Bonifacio Global City has the most number of INTERNATIONAL QUALITY institutions. The prestigious International School Manila, British School of Manila and Manila Japanese School are among the city’s early locators. Under construction is St. Luke’s, whose building will be the country’s most modernly equipped hospital.
  • ART PROGRAM: Soul of the Bonifacio Global City
    • Transformation – Enjoy a stroll on an evening under the start with a fusion of glass, light and water.
    • Kasaysayan Bawat Oras – This sundial, which is an accurate time guide, serves as a metaphor for Philippine history, which is a veritable guide for the youth.
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Last Updated ( Sunday, 04 June 2006 )
 
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