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CHOSEN LAND REALTY WEBSITE WITH TRIPPING RESERVATION

Alba, Ziarene Gail M. Padlan Jhonjoy T. Lacorte, Krismark P. Basares, Christian Adamson University Adamson University Adamson University Adamson University # Soldiers Hills Village B20 L5 Waling-waling street, UPS4 959 San Marcelino Blk22 Lt 34 Brgy,Island St.Caloocan , Muntinlupa City Paranaque Manila Bulacan +639067609892 +639272715178 +639399580273 +639154048165 zai_jhex09@yahoo.com jhoypadlan@yahoo.com lacortekrismark@yahoo.com chrsk24joe@gmail.com

ABSTRACTNowadays, a large number of companies have immersed their business. Due to the rapid technological progress and demand, the researchers have come up with Chosen Land Reality Website with Tripping Reservation.

Chosen Land Realty, a brokerage company accredited to different developers known to its specialize high-end, mid- income luxury residences. One of its objectives is to provide quality homes that fit for every person’s lifestyle.

The proponents noticed that the said company advertises their properties through flyers, mall booths, fan page, telemarketing and online marketing. This kind of advertising lacks reliability on how the prospective customers can view the houses and inquiries without the aid of personnel online to assist the prospective customers their inquiries 24 hours.

The proponents decided to propose a website that serves as viewing and also for online inquiries of prospective customers. With the aid of this website, prospective customers can easily inquire and be able to browse their preferred location or house including its details.

1. INTRODUCTION1.1 Project ContextThe proposed Chosen Land Reality Website with Tripping with Reservation is designed to serve as viewing and also for online inquiries of prospective customers. With the aid of this website, prospective customers can easily inquire and be able to browse their preferred location or house including its details.

1.2 Background of the Study The Chosen Land Realty started as marketing Group of Prestigious and trustworthy Developers of the Philippines specializing in high-end, mid income luxury residences, and township projects in August 8, 2008. As new in the industry, the company aim to be the customers’ choice for their holistic quality of services in real estate industry. The company draws from the impressive track record in the Filipino Homebuyers in quality service and property consultancy.

Since then, the company has its continuous growth after it was established like a much better office located in City Land, Pasong Tamo, and Makati City and having a numerous number of agents to help people like you to find their new home.

Today the company is now broadening their services including consulting and documentation. Chosen Land Realty is now one of the top ten real estate brokerage companies in the Philippines and rows further to offers good quality and affordable houses and condominiums that give shelter and security for you and your family.

The researchers proposed this for the company because their company advertises their properties through flyers, mall booths, fan page, telemarketing and online marketing. This kind of advertising lacks reliability on how the prospective customers can view the houses and inquiries without the aid of personnel online to assist the prospective customers their inquiries 24 hours.

1.3 Purpose and DescriptionThe research study covers about the reservation of house & lot and condominium where the customer can view the different style of houses and condominium as well. The goal of the research is to have a more organized system better than the existing system that the company uses, to obtain a faster reservation for faster response of service, to secure the information from unauthorized user, to make the system not costly to produce, to contain all important facts and to make the work of the users less time consuming.

1.4 Main Objectives

The main objective of the proposed system is to develop a system that will promote, encourage, facilitate and assist the customer in an easy way of reservation with the use of website and internet connection, to have a faster way of reserving houses & lot and condominiums as well. Also the objective of this system is to improve marketing, advertising and public relations to the consumers.

1.5 Specific ObjectivesThe general objective of the study is to design and develop an online website with Tripping Reservation.

This study specifically aims to achieve the following:

Provide assistance for house seeker of an easy way of finding house and condominium through the use of this website. Provides an online reservation website which allows the customer to view the different houses and condominiums. Provides an online website which the user will have an idea to choose a luxury house. To maintain certain standards in the delivery of services to the public. Empower the consumer through consumer education campaigns to understand the real estate transaction. To provide consumers with the confidence that they have enough information to make an informed decision.

1.6 Scope and DelimitationThis study overruns these following goals; Viewing, Information of the Company, Online Inquiry which includes the following information (Location/Address, Full Name, Contact, Gender, Age, E-mail Address, Security code for inquiry), Chosen Estimate, Reservation of the Customer for the Property, Computation of Amortization, Validation of the Reservation which includes (Validation of the reservation, Reservation Fee or Down payment, Mode of Payments is through meet ups (Personal), Tripping Confirmation), Location of the property, Details of the Developers, Maintenance for Website & Reservation for Tripping.

The system is only designated for the use of Chosen Land Realty Administrator and Customers. All transactions of the customer and the company are confidential. The exact location or address of the property is also not provided because it is confidential. R.A 7652 – Investor’s Lease Act, the law states the coverage and limitations of foreign investors leasing or gaining ownership of private lands of the Philippines. In accordance to this, foreigners are entitled of ownership under the name of a Filipino citizen of the property.

1.7 Significance of the studyThe purpose of this study is to design and to develop Reservation system that would benefit the intended users of the system and to determine the availability of the different houses and condominium that will be encourage the customer to have an idea most especially when they are looking for a house and condo’s. Once the system is implemented, for Chosen Land Realty Website with Tripping Reservation, it will be the source for updating the reservation to inform the customer if there will be an available houses and condos. This study is intended to provide an efficient way for the reservation. This will be an additional knowledge and experience especially that the researcher is in the field of Information Technology for creating this kind of system.

1.8 Definition of Terms Reservation - An arrangement to secure accommodation. Tripping - Site viewing of the property. Realty - Real property or real estate. Condominium - An apartment house, office building, or other multiple-unit complex, the units of which are individually owned, each owner receiving a recordable deed to

the individual unit purchased, including the right to sell, mortgage, etc., that unit and sharing in joint ownership of any common grounds.

2. REVIEW OF RELATED LITERATURE/SYSTEMS AND STUDIES

In this chapter, the proponents aim to give the readers a hint about the research project that have been completed by the other researchers that gives information and other findings related on the proposed study of the researchers.

2.1 Local Literature According to Peter A. Straton (2010) The Federal government is stepping up its enforcement of the Fair Housing Act Accessibility Guidelines, and failure to comply with these guidelines can result in a complaint for discriminatory housing practice. A Basic Guide to Fair Housing Accessibility enables building professionals to avoid these charges with clear, concise interpretations of the Guidelines and descriptive illustrations of proper conformance. Inspired by the author’s HUD-sponsored review of nearly 400 built projects, this compact yet comprehensive guide reviews the guidelines for conformance with the seven basic design and construction requirements of the Fair Housing Amendments Act, from accessible building entrances to usable kitchens, and points out common conformance errors made by architects, builders, and developers. This practical, easy-to-follow handbook: - Demystifies accessibility guidelines and reduces the risk of litigation - Explains which buildings and units are covered by the law - Provides a compliance checklist for multifamily housing design and construction Featuring only the facts and technical guidance needed to help ensure conformance with the Guidelines, A Basic Guide to Fair Housing Accessibility is an indispensable resource for architects, builders, contractors, site engineers, and developers who need to know that their work is in conformance with Federal guidelines.

According to John Milton Yinger (2010) nearly three decades

after the passage of the Fair Housing Act, illegal housing discrimination against blacks and Hispanics remains rampant in the United States. “Closed Doors, Opportunities Lost,” reports on a landmark nationwide investigation of real estate brokers and landlords, comparing their treatment of equally qualified white, black, and Hispanic customers. The study reveals pervasive discrimination. Economist John Yinger provides a lucid account of these disturbing facts and shows how deeply housing discrimination can affect the living conditions, education, and employment of black and Hispanic Americans. Closed Doors, Opportunities Lost provides a history of fair housing and fair lending enforcement and joins the intense debate about integration policy. Yinger proposes a bold, comprehensive program that aims not only to enforce laws against discrimination in housing and mortgage markets but also to address the underlying causes of discrimination by attacking racial and ethnic disparities and supporting community efforts to promote integration. He urges reforms to strengthen the enforcement powers of HUD and other agencies, provide funding for poor and integrated schools, encourage local housing and race-counseling programs, and shift income tax breaks toward low-income home-buyers. This volume speaks directly to the ongoing debate about the nature and causes of poverty and the underclass, civil rights policy, and the plight of our nation’s cities.

According to Republic Act no. 4726 otherwise known as the Condominium Act of the Philippines is the governing law on condominiums. The Condominium Act, as amended, lays down the requirements for the creation of condominiums and provides for the incidents that operate within such an arrangement. Under the law, a condominium is defined as an interest in real property consisting of a separate interest in a unit in residential, industrial or commercial building and an undivided interest in common directly or indirectly, in the land on which it is located and in other common areas of the building.

In cases where co-owners of separate units hold interest on the land over which the condominium building stands, the prohibitions and limitations encountered regarding foreign ownership of real property within the country may find proper application. The Condominium Act itself provides for a provision dealing with any transfer of interest which may eventually lead to a violation of such rules. The Condominium Act provides that in case the common areas are held by the owners of separate units as co-owners, no condominium unit therein shall be conveyed or transferred to persons other than Filipino citizens or corporations at least sixty percent (60%) of the capital stock of which belong to Filipino citizens except in the case of hereditary succession. In cases where the common areas in a condominium unit are owned by a corporation, any transfer of interest that would increase alien interest thereby exceeding the limits set by law is prohibited.

Although foreigners may indeed own condominium units, as long as not more than 40% of the units in a project are acquired by foreigners. This same rule applies to corporations holding title to condominium units. It is required that 60% of the capital stock of these corporations must be owned by Filipino citizens. Any attempt to circumvent such prohibition may put the provisions of the Anti-Dummy Act into effect. The only exceptions to the prohibition against foreign ownership of land in the Philippines are those who would inherit land through the operation of intestate succession and former natural born Filipino citizens subject to the limitations provided for by law.

Advantages of Investing in Real Estate SectorInvesting in real estate market are an advantageous and lucrative option available to investors these days. This is one such form of Investment that can bring large gains to people and can help them to earn profits in short time period. Even there is the possibility that people can make more amount of income with

this form of investment, as compared to any other forms of investment available to them. There are a few risks involved in this investment, but if the investment is made with due consideration then all kinds of risks can be completely avoided. Most people consider it as a great investment option as it is not as risky as compared to other options. Individuals can make an investment in a property by considering its location, marketbehavior and more such factors. If such an investment is made at a good location, then it can bring large gains to investors. This is because majorly, the value of property increases day by day. Also, buying a property is not easy as there is a large amount of financial capital required, in order to make such an investment. However, there is the option of loan or finance available that can be considered by people in order to buy their preferred property.This is also an excellent investment option for new investors. Not much experience or knowledge is needed for investing in real estate sector. People are required to secure market information and reliability of the property in which they want to invest in order to make an eminent investment. This can help them to buy property that can appreciate in value in less time and make them secure good profit. It also offers tax benefits to people as with such an investment individuals are not required to pay any sort of additional tax amount. People can therefore invest their money in properties, in order to make more money in future rather than spending it on tax. This investment is also free from all kinds of inflation fluctuations that can affect other investment options to large extent. Individuals are provided with the benefit of increase in value of property in which they have invested. They can either sell such property at higher value in order to make more money or can even rent it out, so as to earn regular income every month. For this reason, most people wish to purchase houses or apartments that can be rented out by them in order to make more money with ease. There is also an excellent amount of return on investment offered with this form of investment. It is excellently rewarding and offers individuals with the benefit of making more money with ease. Individuals are only required to make sure to invest money in well known and reliable realty sector only. In case they do not possess complete knowledge of this field, then they can hire the services of professional experts or agents.

2.2 Foreign Literature The idea of affordable housing recognizes the needs of households whose incomes are not sufficient to allow them to access appropriate housing in the market without assistance (Milligan et al 2004, pi). Thus, the term ‘affordable housing’ describes housing that assists lower income households in obtaining and paying for appropriate housing without experiencing undue financial hardship (Milligan et al 2004, pi). A range of publicly or privately initiated forms of housing may meet this specification (Milligan et al 2007, p27). In fact, in recent years, the term ‘affordable housing’ has been used as an alternative to terms such as ‘public’, ‘social’ or ‘low cost’ housing (Gabriel et al 2005, p6). That said, in the Australian context, there is no single accepted definition of what constitutes affordable housing (Milligan et al 2004, pi).

This is because conceptualizing and measuring affordability is as complex as understanding the causal factors of the housing affordability problem itself. Indeed, as the discussion of affordability debates illustrates, many of the conceptual and measurement problems stem from contested understandings of the problem. For example, housing affordability can be understood as the continuing costs of a mortgage or rents relative to income, problems of accessing affordable housing (e.g., first home ownership), not being able to afford housing costs after meeting other expenditures, or a problem of too low an income or too high housing prices. Even more problematically, affordability can be experienced by household types in different ways; that is, through the employment, transport, health, and other consumption trade-offs that have to be made by singles, sole parents and couples with children as they adapt their circumstances to high housing costs and/or low income (Gabriel et al 2005, p37).

For years, affordable housing advocates have disputed claims by property owners that affordable housing detrimentally affects property values. Affordablehousing advocates have charged that there has been little scholarly evidence to show that property values arethreatened by nearby affordable housing units. A reportby the California Planning Roundtable (1993) assertsthat thirteen out of fourteen studies that have examinedthe impact of proximity to affordable housing on property values have found no significant negative effect. This evidence has provided affordable housing advocates with the defense they need to fight the resistancetoward affordable housing siting and construction. Within the last decade, there have been a surge ofmethodologically sophisticated studies employinglarge housing sales data sets that suggest that the relationship between affordable housing and property values is more complex than originally thought. Thesestudies have shown that there are various effects onproperty values due to the structure of affordable housing units/sites, characteristics of the host neighborhood, compatibility between the affordable housingsite and host neighborhood, and clustering of affordable housing units. The challenge that the results fromthese more recent studies pose to planners, policy makers, community members, and affordable housingadvocates is a need to better understand the conditionsunder which affordable housing may have harmful.

2.3 Local Studies According to National Association of Home Builders Studies (2010) The National Association of Home Builders (NAHB) has created a model that provides estimates on the local impacts of housing development. The NAHB has provided multipliers for single-family and multifamily units, as well as multipliers for affordable housing developments using Low

Income Housing Tax Credits, which are broken out by family developments and elderly developments. The impact of these units depends on the type of unit, with single family producing the greatest impacts and the three types of multifamily developments producing less.

The NAHB studies estimate that each unit of housing created results in the following Between 1.13 and 3.24 short-term jobs and 0.3 to 0.53 ongoing jobs. One-time local income of $221,000 for single-family unit and between $73,000 and $79,000 for each multi-family unit. Recurring local income of $31,000 for single family unit and about $23,000 for each multi-family unit. Local income encompasses the income generated by the various people who work on these projects, as well as the local businesses that benefit from purchases of goods and materials.One-time government taxes and revenues (includes sales, income and property tax revenues) of $22,000for each single-family unit and $8,000 for every multi-family unit. Recurring government taxes and revenues between $4,000 and $7,400.

2.4 Foreign Studies Housing prices are not only affected by the general economic conditions but are also likely to have substantial effects on the macroeconomy. There are a number of reasons why housing markets are of great importance to the overall economy and why policy makers should be concerned about housing prices. Housing composes the majority of many households’ wealth, and the “wealth effect” of housing on consumption is significant, apparently even larger than the wealth effect of financial assets (see e.g. Case et al. 2001, Benjamin et al. 2004, Campbell and Cocco 2004). Hence, a decline in the housing price level leads to less consumption. A drop in housing prices is likely to have a negative effect also on housing construction. Furthermore, a notable fall in housing prices would affect the banking sector by inducing unanticipated losses for mortgage lenders, which could strain the financial system. Moreover, lending is likely to decrease as housing prices drop because of the significant role of housing as collateral. Finally, institutional investors such as pension funds usually have a notable part of their funds invested in housing and housing related securities. Through the effect of housing wealth on household consumption, on construction activity and on the financial sector, housing price movements may strengthen and on some occasions even create macroeconomic cycles. The volatility induced by housing markets on the broad economy is likely to be the larger the stronger co-movement is between regional housing markets. That is, for the macro economy it is more harmful if booms and busts occur simultaneously in distinct regional markets. Notable differences between price cycles in regional housing markets, in turn, could create diversification benefits not only for a housing investor but for the whole nation as well. Also the links between housing markets and the other asset markets are of importance to the economy. Obviously, co-movement between different asset prices lessens the diversification gains obtainable to a portfolio investor. Perhaps even more importantly, positive linkages between financial asset markets and housing markets toughen economic cycles. This is reinforced by the fact that simultaneous crash in the stock and housing markets or crash in one market followed by a bust in the other market in a relatively close future may put into trouble even large banks that hold widely diversified portfolios. It is probable, for example that housing and equity price movements notably contributed to the deep recession in Finland in the early 1990s. Weakening in 12 the economic fundamentals evidently influenced housing and stock prices negatively during the early 1990s. At the same time, however, decreasing asset prices further exacerbated the depression by affecting consumption and construction activity negatively and by putting the bank sector into trouble. Finnish housing markets have gone through major institutional changes the past two decades. Firstly, in the late 1980s the Finnish financial market was deregulated. Secondly, in 1993 there was a reform in the tax codes concerning the deductibility of mortgage interest payments in taxation. Thirdly, rent regulation was released in several stages during 1992-95. These Institutional changes may have had major impacts on the housing price dynamics. Furthermore, mainly due to increased migration from peripheral areas to the Helsinki Metropolitan Area (HMA) and to a couple of other centres in Finland, regional housing price development has diverged to a much greater extent since the early 1990s than earlier. Divergence of the housing price development between distinct regions may have improved the geographical diversification opportunities of a housing portfolio. On the other hand, sharp rise in real housing price level in some areas and at the same time housing price stagnation in some other regions have put households into unequal positions. The increasing difference in the housing prices between a few growing centres and the rest of the country is also likely to hinder the movement of labour force thereby disturbing the operation of the labour market. Globalization of capital markets, in turn, may have altered the interdependences between different asset categories. In particular, since housing market is always unavoidably local to a great extent and the stock market is mostly driven by global forces today, co-movement between housing and stock prices may have weakened to some extent. Despite the significance of housing wealth to the economy, empirical evidence of housing price dynamics in Finland and also in the other countries is still relatively limited. Moreover, housing prices have often been analyzed as if one country formed one coherent housing market. In reality, however, there are many distinct housing markets within Finland for example. Housing in one area cannot be considered a substitute for housing in another region geographically far away. In other words, housing price dynamics are a local phenomenon, and national level data may obscure important economic differences between different cities or regions.

3. METHODOLOGY, RESULTS AND DISCUSSION

3.1 Requirement Analysis The researchers cooperated with Chosen Land Realty which is located at City land Pasong Tamo, Makati City. The researchers found out that there is a need of improvement in the website of house seeker through the use of internet. People are willing to give allotted budget to afford quality is the target users of the Online Reservation Website. With the said proposal, the researchers improved the way of how Chosen Land Realty handle their Customer by aiding them an Online Website with Tripping Reservation.

3.1.1 User OverviewThis Study is directed to the Administrator Officer of Chosen Land Realty Website with Tripping Reservation and to all the customers of the company, they are the beneficiary of this system. There are two types of users: (Administrator Officer, Customer).

The Administrator Officer: is the responsible for inputting data of every transaction needed. The admin can do editing, modification and printing of data. They can view and edit the information of the customer, they can update the information on the website, and they can view the statistical data diagram of the overall transaction at reports. This kind of user level is the highest in all of the user level.

The Customer: They can only participate in viewing, reserving, and online inquiries.

3.1.2 Conceptual Diagram/Framework

3.2 Requirements Documentation3.2.1Methods of ResearchA constructive research, that will help the users to have an efficient way of reservation of house and choosing a place where they want to live, was used in this study. This type of approach demands a form of validation that doesn’t need to be quite as empirically based as in other types of research like exploratory research.This type of research involves evaluating the construct being developed analytically against some predefined criteria or performing some benchmark tests with the prototype.

3.2.2 Research Instrument

3.2.3 InterviewFirst, the proponents decided to do a company search. Upon the approval of the company, they started to do data gathering from the company itself. The proponents followed a step by step procedure in gathering data started with the interview to the General Manager of the company, Mr. Jerry Paul F. Clavero.

The information garnered from the interview helped the proponents to figure out the problem(s) being encountered by the company with their existing system. Afterwards the proponents analyzed the system that is needed by the company, the company flow and also its transactions.

3.2.4 Internet Research Internet research is the practice of using internet information, especially free information on the World Wide Web. The proponents chose this kind of research because it is focused and purposeful. It tends towards the immediate answers from information you can access without delay and tends to access information without a purchase price to document. Internet research has had a profound impact in the way ideas are formed and knowledge is created.

3.3 Technical BackgroundTechnical Background shows the technicality of the proposed system. This shows the description of the proposed system together with the scope of the study. It also shows the existing process of the chosen company. With this, there are certain requirements for the users and the computer which is stated in this chapter.

3.3.1 System DescriptionChosen Land Realty Website with Tripping Reservation is a system designed for the Chosen Land Realty (CLR), specifically for the Administration Officer and for their clients or customers.

The system provides a website wherein customers can check or view for the different kinds of a condominium and a house and lot. It also has an Online Inquiry to help the customer to transact with the company.

The proponents chose the said company because they’ve been serving people who need information about current properties available and with a good working system it will give them the privileged to choose where they want to live.

3.3.2 Economic Uses of the SystemChosen Land Realty (CLR) is using computers since the company has been established. The proposed system can help the company to have high sales because of fast transaction in all of their clients. And also the proposed system can help the proponents’ chosen beneficiary to excel in their business by using the researcher’s proposed system.

The system is fully supported by the Chosen Land Realty (CLR). As they are observing processes that the system undergone. Their feedback and reactions are of great help to the proponents in order to make the system better.

3.3.3 User RequirementsCLR Administrator

Must have an ID and password for login purposes Must be knowledgeable with the system interface Must be knowledgeable to the company hiring process Receives reports

Needs the Clients Information

Customer Must have E-mail Address Must have knowledge on using computer. Basic knowledge is enough in handling the system.

3.3.4 System RequirementsThese are the specifications needed for the system:

Software:

Internet Connection Visual Studio 2010 MySQL 2008 Window XP or 7 (32bit) Web browser Internet Explorer (9.0 or higher recommended) Firefox (3.0 or higher) Google Chrome (4.0 and higher)

Hardware:

Computer