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What is the dilemma that first time home buyers encounter as they pursue getting their very own dream house? What are things to consider when buying a house? Pondering over your checklist, you began to think about getting to the correct choices in choosing the best home for your family.
There are things to know before buying a house. First in your checklist is what type of house you would want to live in and the considerations you have to make is not just for your own but also for your family. After identifying the type of house, you would need to ponder on several factors before you can make your mind up.

We have arranged some that you might highlight in your list.

1. HOW AFFORDABLE IS IT?

Top of the list, this is the first question in mind, cost to buy a house.

One way to make sure about this is research. You should already deliver an idea if your household will be able to afford living in certain newly develop community before you start on a house tripping. You should know your budget and you should stick to it. You have to know what your budget can lead you and you have to defy anything that will lure you to go beyond that budget. The costs involved in buying a house are critical.

Aside from the mortgage payment there are several factors you have to analyze in your budget such as checking the home insurance and taxes you have to account paying in due time. Looking forward in time is something you better think of because you basically have to weigh some future cost of maintaining the property.

Also factor in any future costs includes a long term maintenance program where you have to be a Mr. Fix it or you can hire help on these matters for the next five years: this can be things such as repairing the roof, repainting the walls, updating the electrical system, the cooling system’s maintenance and plumbing.

See similar post: Pros and Cons in buying a townhouse or condominium

2. HAVE YOU MADE YOUR HOMEWORK?

You might find a home in a neighbourhood that you’re not familiar with, which is fine. It simply implies that you’ll have to make out a bit more homework. Obtaining a property that you might not be familiar with is fine, as long as you’ll just have to do some task trying to recognize the situation better.

You might want to start making a list of cities, towns and even neighbourhoods that you want to consider settling. A fraction of what you have to think about is the school system, proximity of health care, crime stats, recreational activities, reasonable commuting distance and any other quality of daily living that you feel significant. It all boils down to deciding on what everyone chooses.

I also wrote an article that might help you about location: Best Family Tambayan in the Heart of San Juan.

3. WHAT FEATURES DO YOU GET OUT OF IT?

You’ve been reading allot of tips on how to buy a house, but it all falls down on the most important aspect you have considered before you can decide if the property is worth every penny you’re about to spend on it. Home features are what to look for when buying a house.

Always remember that each and every family does not have the same needs.

Is this property investment attached or detached home? It is an important to know how many storeys is this property investment supposed to be. The number of bedrooms and bathrooms is a must on the features. Verifying if the house has a car garage, walk-up attic, a basement or utility area are also some aspects that might influence you.

I might suppose that trying to find your perfect home is like getting your perfect partner. You receive your standards but you’ll see that it does not constantly work with what you desire. Hardly ever does everything match your desires, so just take your time and recognize the significant things you must have, things that are not that much important, those that you kind of want and those matters that can never take place.

We like to learn from you and leave your comments below, so that we can offer more practical advice regarding how we can help you determine the best practical home for your family.

You were reminiscing about the time you visited your grandchildren on your first day of retirement, when you came across an advertisement in the newspaper that reads “townhouse for sale.” With all things taken into account for, you started thinking out loud that this might be a good idea. We at Al-Khor Townhomes San Juan could not agree more.

So why would a retiree or an empty nester come across the thought buying a house? Let’s enumerate what you could have considered to come up with that decision…

1. FRUIT OF YOUR LABOR

You might ask yourself one day… “What did I get out of all those years of work?” You surely have gone through allot as you are now in your retirement years. A good property investment is a something that might have crossed your mind back then, and you don’t have to worry since it is still a perfect time for you to fulfil that dream.

We at Al-Khor have created a flamboyant townhouse in San Juan for the sole purpose of providing a luxurious modern townhouse design that you’ll definitely recognize all your hard work to be all worth it.

2. A LEGACY TO LIVE FOR

Be proud of what you have provided. With modern and fashionable architectural prowess in mind, Al-Khor has built your very own dream house from where we were able to highlight its trendy modern house interior design. Pictures of your property will be a classic topic during your family gatherings in your own living room. Design for townhouse, surely you’ll never be shy as this is a perfect inheritance you can pass on to your family as well.

Why not appreciate life without needing to worry about your loved ones shelter for the future to come.

3. EMPTY NESTERS WISH

As a parent, we are bound to face the reality that our children will grow up and will have a family of their own. Longing to see your offspring or your grandchildren more often, it is wise to move in a very accessible home. We at Al-Khor Townhomes San Juan specialize in making a perfectly suitable environment for you, as we introduce a homey and elegant town community which is in the heart of the metropolis.

We understand your yearning for your love ones which is why we equipped our townhouse in San Juan with a spacious multi-level modern home designs. Ideas of sleepovers and reunions are the best things you’ll be looking forward to.

4. UPKEEP IS SMALLER

Checking the condition of our industry right now, where prices are moving up and the premium for maintaining a single detached family home is not getting cheaper by the dozen, you might consider downsizing to be a huge but excellent choice. Mortgage and maintenance cost might be too much for a bigger house compared to townhouse.

Homeowners association basically lays everything on the table, as they will discuss with you the monthly dues rendered for the common areas of the townhouse and for occasional care of the external sections of your unit.

Compared to the upkeep on a bigger house, the cost is much more affordable. Townhouses are smaller but definitely smarter since if there is a need to fix something, you can organize and split the cost with your neighbors so you can get the same contractor, thus lowering the job rate.

You might have reflected with one or two cases cited above, whatever it is, you may now have a wider understanding of what is ahead of you in your retirement years. In general, the simplest reason for retirees and empty nesters to move and downsize their home is their desire for a change in lifestyle and the needs to change it.

What are the things you’ve worked hard for which you’d wish to pass as a legacy to your loved ones? Are you still trying to figure out if a townhouse for sale in San Juan city is also a good idea? We’d love to hear your thoughts by leaving your comments below.

Having your very own dream house is the greatest dream of every Filipino family.

If you are looking to buy a house, these are the two main questions you have to think about.

1. 1. Is the costs involved in buying a house too much that you might start thinking that your dream house is just a dream?  – The truth of it all is that most of those who plan to purchase a house does not have a sustainable cash in hand that they can readily compensate for their dream house.
2. 2. Are there easier ways of buying a house?  – There are some that might have the amount to pay for it, but would prefer to apply for a loan to clear it since paying it in full might be too much of a burden they can manage.

These questions are undoubtedly with enlightening answer. We present not a magic word, but an easier solution that might broaden your choices.

ENUMERATE YOUR OPTIONS

There are so many lending institutions and bank financing programs that offer their very own mortgage interest rates or home loan rates. You may have been thinking which bank has the most inexpensive mortgage rates since you are most likely inclined to be mingled up with every decision you make.

Wouldn’t it be great if you can easily find which option is best fitted for you? It is fine since we can help you out in deciphering the best option you might desire to think around.

• a) PAG IBIG LOANS

Why is it that PAG IBIG is the first thing that will come up in your mind. Is it basically because of the small amount deducted out of your salary every time you see your paycheck? I guess that will be the most obvious reason.

Home Development Mutual Fund or commonly known as PAG IBIG housing loan fund is providing a loan to finance the your much desired dream house. This is just one of the assistance if not the most popular service provided by the institution.

• b) Bank Financing

Are you intimidated inquiring from banks since they might have too many or might have a strict set of requirements to buy a house? Are you the type that is so afraid of the rejection once they start evaluating your application? Are you the one that appears to be overwhelmed with the higher interest rate?

You might want to consider checking the details of housing loan provided by banks since you might see a more beneficial bargain.

There are of course different banks who also offers this service to prospective buyers. Home loans through bank financing might be too much to absorb at first glance, but also might prove to provide a wider range of options for your much awaited dream house.

CHECK THEIR LIMITS

Many would think that they will have to depend on their housing loan to be able to purchase their dream house, but on the contrary your housing loan is dependent on you. Everything about your housing loan is subject to other qualifiers that the one providing the loan should consider.

The actual need of the borrower is being weighed by the bank or institution to verify how much can a certain borrower can make use of. Before they approve your proposed loan, they have to verify from your application and from any financial records you have your capacity to pay. Repayment process may also differ for both of them; PAGIBIG can go up to a maximum of 30 years while for banks would range from five (5) up to 35 (thirty five) years.

INTERESTED IN INTEREST RATES

This may not be updated in the future, but I would only like to use this information I gather to be able to offer a better comparison for both lending institution and bank funding.

With PAG IBIG their lowest interest rate is 4.5%, which of course subject for re-pricing. You might clear out PAG IBIG to be the most economical; however you are bound to a limited maximum amount that you can borrow. While some banks are offering as low as 5.50% for the first year and some banks offer a fixed rate of 7.5% for the first 5 years. Both cases are subject to re-pricing after the agreed time frame.

TIME CHECK

If you are too excited to get your dream house, then what are you waiting for? After deciding which option is best for you, start to make that move so you can make those necessary steps in buying your dream home. You might as well also note that PAG IBIG offers a processing time of 15 business days compared to how fast a bank can approve your loan, which will just take around 5-7 business days.

Everything depends on you as these factors will help you decide which option is better.

We wouldn’t want your dream house to stay as a dream forever. Have we enlighten you as to how you can finally achieve your dream house?

We would love to also hear from you by leaving a comments below that you might consider the best and easiest option so that you can get approved at the soonest possible time.