These 11 important tips will help you easily find your dream home for your family.
Like every other Filipino family, it’s our dream to have our own home.
Before the pandemic, we were renting a condo unit in Makati City because it
was near our office. It was a practical choice that justified the condo
rental cost. However, after a few years, Mommy Khris and I thought it best
to invest in our own house. After all, we’re already spending on monthly
rent and condo dues so we might as well get a housing loan and may the
monthly amortization instead.
The 11 Important Things To Remember When Buying A New House
We wanted a house and lot because we wanted the freedom that it affords, both
for us and the kids. We can have a yard with a garden where the kids can play.
We can also set up our own mini-farm in the backyard.
We were already scouting for houses and lots in several locations but then the
pandemic happened so we had to postpone our plans again for health and safety
reasons. We will probably resume our house hunting project again when things
have begun to ease a little bit.
Buying a new house needs careful planning
Buying a house and lot needs a lot of thought because it involves a lot of
money. It’s a long-term, even lifelong, a decision that leaves no room for
errors. Financially speaking, a simple money mistake can drain your savings
and put you in great debt.
A wrong decision when it comes to the location can leave you feeling
frustrated with your choice. Just the same, the things that you have to
consider are not really complicated matters. They are, in fact, practical but
most of us might overlook them especially if we have other concerns to think
about.
What to remember when buying a new house
When we were looking for our house, we made a list of the most important
things to keep in mind when it comes to buying our dream home. These were
actually helpful because it helped us narrow down our choices.
If it might help you, you might also want to consider the following things:
1. Always think long-term
This is possibly one of the biggest lessons I’ve learned when investing in a
property. Imagine how your life will be in ten years or so and evaluate
whether the house you are eyeing will still be able to help you fulfill your
life and family goals, such as more kids or a home business that you probably
want to set up in the future. In short, don’t just buy a house for your
current life situation.
2. Set a budget
Your house is your long-term investment so you have to set a budget for it.
Consider the size of the house versus the selling price. Generally, properties
located in Metro Manila are priced higher as compared to those in the
provinces. If you’d like your house to be in the National Capital Region, then
you should be ready to shell out a higher amount.
On the other hand, being located in the province such as Laguna, Cavite,
and Bulacan lends lower prices to properties. Aside from the cost, a
provincial location might actually be a wiser choice because of the largely
less chaotic life of provincial living.
3. Consider the location
The location of your house should also dictate your choice. While I did
mention above one advantage of provincial life, it might not work for other
people. Living in the province might prove to be an even more challenging
choice for some individuals especially if their work is demanding. The travel
time might prove to be impractical for them in the long run.
Not only that, you have to consider your house’s proximity to schools, if you
have children, as well as to hospitals and commercial centers. These are
essentials that need to be close by.
4. Security should always be top of mind
Our family’s security is always at the top of our list. As such, we always
look for properties that are in gated subdivisions or are at least in a quiet
and generally peaceful neighborhood.
5. Buy from a trusted developer
Buying a house involves making wise decisions and one of these is to deal with
trusted developers only. It’s a longstanding commitment so you want everything
to be as smooth sailing as possible and you want to talk to people who are
transparent with you all the way.
One of the most reliable local real estate developers that has been around for
years is Lumina Homes. It’s a company that has been known for the quality of
its projects as well as affordability.
Lumina Homes currently has projects in Metro Manila as well as in Rizal,
Bulacan, Pampanga, Bataan, Zambales, Tarlac, La Union, Pangasinan, Nueva
Ecija, Cagayan, Isabela, Cavite, Batangas, Laguna, Quezon, Camarines Norte,
Albay, Sorsogon, Iloilo, Capiz, Cebu, Negros Occidental, Agusan del Norte,
Bukidnon, Zamboanga del Sur, Misamis Occidental, Davao del Norte, Davao del
Sur, and South Cotabato.
Lumina Homes also recently launched special Christmas giveaway promos for OFWs
as well as its agents.
Christmas is a big part of the Filipino culture and it has been our tradition
to celebrate it together. However, because of the current circumstances, many
Filipinos, especially the overseas Filipino workers (OFWs) have to celebrate
the holidays away from their loved ones.
Even before the pandemic though, OFWs have been known for their sacrifices
just to be able to give their families a bright future that’s why they are
dubbed modern heroes.
As a tribute to OFWs, Lumina Homes is currently running the
Give Love from Abroad Buyers’ Promo.
As Lumina unveils its Christmas theme Juan Love this Christmas, it also honors
hardworking OFWs who make sure their families have a comfortable home at all
times.
Thus,
Lumina Homes gives back the love
this holiday season with
Give Love from Abroad: Pamaskong Lumina Raffle Promo for OFWs. To
make the Christmas season more special, this raffle promo is open for buyers and referrers.
Earning raffle tickets is easy. The principal buyer OFWs will get three raffle
tickets for every Lumina Homes reservation from October 1 to
December 25, 2021. Buyers may get more raffle tickets by referring Lumina Homes to their
fellow OFWs. Each referral is entitled to one raffle ticket.
Winners receive the following prizes:
- First prize: P10,000
- Second prize: P5,000
- Third prize: P3,000 (third prize)
- Consolation prizes that include AllEasy load and Lumina freebies.
The live draw will be on Lumina’s official Facebook page on
December 27, 2021.
Meanwhile, Lumina Homes also launched its
LuminAguinaldo Sellers’ Promo for its agents. Lucky sellers get to take
home any of the following:
- Cash prizes
- Lechon
- LED TV
- A refrigerator
- Washing machine
- Tablets
- Cellphones
- Christmas baskets from AllHome
- A shopping spree for as much as P5,000
If you are a Lumina seller, you are entitled to raffle tickets for every
valid reservation from October 1 to December 28, 2021. The
number of raffle tickets will be based on the house model reserved by your
buyer. Also, your accounts should be updated upon redemption of the prizes.
Join the Lumina-wide Virtual Year-End Party on
December 29, 2021 to catch the announcement of winners of the
LuminAguinaldo raffle promo!
For the latest updates on Lumina Homes, contact (0917) 629 6523. Visit
www.lumina.com.ph
and/or like @luminahomesofficial on Facebook.
6. Choose between brand-new or second hand
A brand-new house is what most of us dream about. We want modern interiors,
manicured lawns, new paint, and so on. However, not all of us have the money
for it. The next best option will be to purchase a second-hand house.
There are second-hand houses that look well-maintained and very much
presentable. Some look dilapidated though and might require
renovations to a large extent and you might end up with a bigger cost as
compared to getting a new house.
7. Listing sites are your friends
One of the most useful tools to help us look for possible choices is property
listing sites. These sites feature filters like prices, number of bedrooms,
and locations to narrow down our choices. There are also pictures included in
the listing so we don’t have to go out right away just to view the properties.
8. Look at market indicators
Some of the market indicators that you have to keep an eye on are the prices
of commodities and home loan rates. These are the things that will eventually
dictate the purchasing power of money and your ability to pay off your loan,
in case you decide to get one. You also have to consider your job security,
especially in uncertain times like in a pandemic.
9. Talk to your bank
If you are not financially savvy, it’s always good to consult your bank. They
can offer you a housing loan that is tailored to your current ability to pay.
Your bank can give you a computation of your monthly amortization based on the
term of the loan and the amount that you are planning to borrow.
10. Ask for referrals
You can ask your friends or your colleagues to refer houses that are for sale
or if they know other people who are selling properties in a location where
you are interested to buy real estate.
11. It’s alright to postpone your plans
Even if you have carefully planned things out, some factors can get
in the way such as the pandemic.
We were targeting to get a house in 2020 but then the COVID-19 pandemic
happened which prevented us from checking the properties that we were hoping
to see. It’s perfectly fine to delay plans when things are not going our way.
Just keep in mind that things will eventually fall into place in the future.
Epilogue
We all dream of purchasing our dream home for our family. However, there are
still things to consider to make sure that things will proceed smoothly
especially because buying a house is a long-term commitment.
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Thank you for the tips po dadi iv very informative perfect lalo na sa mga may plan na bumilo ng bahay .
ReplyDeleteThis is very helpful to someone like me na aspiring homeowner. Thank you po for sharing.
ReplyDelete