Planning for First House - Any Tips?

[dr. d]

I am looking on all comments posted here and I still don’t understand what is better an apartment or a condo. My family wanna help me to buy a house, apartment or a condo(I make good money but I want smth good) but I am thinking what is better. I am living with my wife in a house, 2 bedrooms, small garden and features, I don’t say it is bad, but I didn’t lived anywhere else to make a difference. My wife likes the way this building looks like avenue-south-residence.com.sg ,and she wants to move in there since she got a job there. I am looking for a place that is gonna be enough for me and my family. Any advices?

my default suggestion is to get a house and lot.
"it's for ever."
one has full control.
the price is generally always upward.
the garden is real.

[dreamur]

Consider your lifestyle. If you are the type who has the spare time to cut the grass, clean the backyard and surrounding areas, maintain the exterior and fix the car in the garage, then go for the lotted houses. If you only come home to eat, sleep, make love and play with the kids, then go for the condo. You will have peace of mind thinking you have maintenance and security services. Keep working hard and earn more money!

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[_Qwerty_]

yun lang gusto ko sa condo.. i feel secured living my family there kahit gabi... pag sa bahay.. parati ako kinakabahan... baka may mga gagong pumasok etc.

[xwangbu]

pag house and lot na previously occupied - check mo history.
baka gaya yan nung bahay nung carnapper sa bulacan na lagi
mainit sa mga pulis kahit wala na yung dating may-ari.

[chua_riwap]

^ tsaka baka may multo.....






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[jut703]

Ok yan para maraming friends sa bahay 😱


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[lowslowbenz]

Rent to own homes are small. But they are numerous in Cavite.

And ang hirap sa mga ganoon na set-up. You get neighbors that are the barangay ginebra types. Hay naku, I should know. My house is located borderline between a "new" village, and an old subdivision. So one side of my property is very rowdy, the other side peace and quiet. And ang dami pang usisero. My blood boils just thinking about it sometimes.

Try to consult the banks on your "cash" concerns. BDO has very flexible terms at decent rates. My house in Imus was partly financed by BDO. My wife's condo in Mandaluyong was also partly financed by BDO.

[jodski]

There are developers out there also na kilala ng banks because they can deliver in the scheduled phases of construction.

There are banks kasi who doesn't release the funds to you or the developer if the scheduled target na completion sa construction phase are not met. Its a protection mechanism for you para hindi i delay ng developer construction.

This only applies though if you want to build from the ground up...

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[_Qwerty_]

ganito din sa Pag-ibig housing loan.. staggered ang release nang loan.. so dapat talaga on time ang contractor.. mas maganda kung may pera yung contractor and abunuhan na muna nya para dire diretso ang construction... yung iba kasi umaasa lang sa release nang loan.. minsan it takes 2 weeks para ma release yung staggered loan release.. pag walang pera yung contractor.. tengga yung construction hanggang ma release yung next cheque..

dito papasok ang kagandahan nang malaking contractor.. available kasi funds nila.. so pag na approve ang loan dire diretso gawa.. hindi tulad pag maliit na contractor na aasa lang sa fund release nang loan..

There are developers out there also na kilala ng banks because they can deliver in the scheduled phases of construction.

There are banks kasi who doesn't release the funds to you or the developer if the scheduled target na completion sa construction phase are not met. Its a protection mechanism for you para hindi i delay ng developer construction.

This only applies though if you want to build from the ground up...

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[jhnkvn]

Any updates on this jut? I'm actually following this discussion :D

[rangeles]

Sir jut, my take on this is to take a property down here in South if your office will be transferring to Nuvali. Sta. Rosa area and Silang area development is really fast. It used to be a sugarcane and grassland 15 years ago. Schools to consider here are: Xavier, DLSU, Malayan, Don Bosco, St. Scho, UST, Learning Links Academy and AUP. Hospitals are SLHMC, AHMC, Perpetual, Sta. Rosa Hospital and Med Center, CMC. Shopping is very near in Paseo, Laguna Central, Solenad and soon in Starmall. Grocery is no hassle as we have South Supermarket, Shopwise, Robinsons and soon S&R. A wet and dry market is also nearby. Aside from Ayala developed communities, Greenfield, Brittany, Suntrust, Empire East and Sta. Elena properties are booming here. Your wife can also consider working as company physician as manufacturing plants are also nearby like Laguna Technopark and Light Industry and Science park. Toyota, Nissan, Honda, Mitsubishi, Isuzu plants are also located nearby. If planning to get a lot and build your dream home for 10M budget, you can check La Residencia, Georgia Club, South Forbes City and Westgrove Heights. My family and I live and work nearby and enjoying its development through the years. Btw, I'm in no way connected and paid for advertising the companies mentioned above. Happy hunting!

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[rangeles]

Btw, Tagaytay is just 30mins away for some quick getaway.

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[number001]

There are noticeably no private residential development at Abrio, Elaro, etc... Yes there is some from the lower cost options like Avida, Alveo, etc... but those are build and sell by Ayala.

[vinj]

Hi guys, I'm hoping to be able to work towards having my own house in the next 3-5 years. Thing is, I'm pretty clueless on where to start.

Currently
- I'm able to save about half my monthly income
- I have an emergency fund of about half a year's worth of expenses
- Rest of my savings goes to investments
- Single-parent home with 2 siblings still in high school/college
- No own home, currently renting
- Planning to get married in about 5 years

Not so keen on getting a condo since it's pretty hard to dispose in the long run. I must say though, I'll really miss the convenience of being near everything.

Right now, am pretty overwhelmed with the thought of home ownership.

1. How does one start looking for a house?
2. Is it still possible to live in a decent neighborhood in the metro for under 10M?
3. Where's a reasonably good place to live?
4. Is it better to buy a built house or just a vacant lot and have a house built (I have an aunt with her own construction firm, I might be able to save a little on building costs)?

I'd appreciate any inputs on this..thanks!


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This is kinda late but if you want a convenient place in the metro, try checking first a townhouse maybe? A lot of my friends who are starting off bought in places such as Teachers Village in UP where a lot of the old houses are being torn down to build a townhouse.

for going south (Sta. Rosa) or North (Bulacan - Pampanga), if your center of activities are not at the area then maybe you might be better off first buying a lot for you to build your dream home later on.

In my case, i'll be leaving my current abode soon and will move with my family to a condo (fully paid). I intend to stay here for around a couple of years but my next move will be to get a loan against the fully pai condo unit/s to partially fund the purchase of a house and lot or a decent townhouse when my income can easily support the amortization. At least in this case, the house and lot will have a clean title as i will fund the purchase with my own equity and the loan against the condo units instead. Since the condo i have is in a pretty marketable location, i plan to rent it out to help pay the amortization on my next home purchase.

[jut703]

Naisip ko lang, as a left-field idea, what if we just continue with our current scheme na magrent?

Then bili nalang ako lupa within the next 2-3 years, then build a house in about 5 years?

By then, my siblings will be done with college and can contribute to the rental of the home so my dad can save for retirement. Then eventually when he retires in about 10-15 years he can live with us.


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[larry0609]

Naisip ko lang, as a left-field idea, what if we just continue with our current scheme na magrent?

Then bili nalang ako lupa within the next 2-3 years, then build a house in about 5 years?

By then, my siblings will be done with college and can contribute to the rental of the home so my dad can save for retirement. Then eventually when he retires in about 10-15 years he can live with us.


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Why not look for a rent-to-own na house or townhouse or pwede naman mag loan sa SSS or PAGIBIG. Sayang din monthly payment mo kung mag rent ka sir! You can use that para pang hulog sa monthly amortization. Just my two cents.


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[jut703]

Why not look for a rent-to-own na house or townhouse or pwede naman mag loan sa SSS or PAGIBIG. Sayang din monthly payment mo kung mag rent ka sir! You can use that para pang hulog sa monthly amortization. Just my two cents.


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Our monthly rent is 17k. It will take 5 years before we reach 1M, which isn't even enough a downpayment for a house yet.

I haven't found any rent-to-own homes in our neighborhood.

Kumbaga kahit sabihing nasa 20k lang ang monthly amortization, ang laki pa rin ng cashout because of the downpayment and all other fees.

I wanna stop renting but I don't have enough cash to pay as downpayment for a house yet.


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[wezz_zzew]

One thing I am afraid of is getting my own house. Although kaya na naman ng salary ko yung monthly amort, natatakot pa din ako kasi baka bigla ako mawalan ng job kalagitnaan tapos ma-repo lang ng walang kalaban laban. Full time mother and wife esmi ko kaya in case mawalan ako work, walang back up. Any advice?



I may be stupid, but I am not a fool.

[flakez]

Bacoor, cavite area ayaw mo? May pinapatayo kaming bahay ngayon sa isang subdivision. May guard naman so mukhang secured kahit papano. Hehe. Nabili namin yung lot ng 3200 per sqm ata then nag loan na lang kami sa bank pang tayo. 3m yung loan namin. So around 4m in total. Usual na bentahan is around 5500 per sqm don. Traffic, yes pero pag maaga ka umalis mga less than 1 hr nasa makati ka na rin. Matagal pa rin pero nasanay na rin ako. Hehe. Tiga cavite kasi talaga kami. Hehe

[kamote999]

Dahil sa trail na to napaisip ako if I should also start getting a house 25 pa lang kasi ako pero prang gsto ko ng simulan. Qc area dn sana gsto ko

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