12/04/2018
7 THINGS TO CONSIDER FOR BUYING OR APPLYING A HOUSING/ PROPERTY LOAN FOR THE FIRST TIME:
1.) Regular source of income in order to qualify for financing schemes offered by both banks and developers.-must be at least P30,000 gross monthly income for every P1M loanable amount of property package.
2.) Number of future occupants.
3.) Location - always dictates price, which means while you may be able to afford a townhouse outside Metro Manila, you may have to shell out more for a similar unit in the city. At the same time, its location will affect your life – the amount of time you need to go to work, or the places you will most likely frequent. You need to think of a location that is best suited for your needs.
4.) Look to the future and appreciation potential.
5.) Remember the warning "Buyer Beware."
"*title should be free from liens and encumbrances;
*taxes should have been paid, and association dues settled;
*house was built well and in keeping with building standards;
*know the background of the seller/developer."
"6.) To build or to buy?
To build -allows you to design everything according to your own wishes;more time-consuming process since you have to deal with an architect and contractor that you can trust;
"We are not given a dream without also given the power to make it come true" --myLAJRealty 😉
