Planning for First House - Any Tips?

**jut703** · May 20th, 2014 07:40 PM

Originally Posted by EQAddict

A property is also an investment. And its a lot less of a gamble too. Pulling out your funds from one class of investment and putting it in property will still mean your money will grow. And since its also a NEED, then you hit two birds with one stone.

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I agree completely. Kaso ang mahal ng buy-in..
Right now if I get a lot, I'll have to loan it out..so the interest kinda offsets the capital gains.

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**silent_hunter** · May 20th, 2014 07:45 PM

Xavierville Subdivision (Phase 2) is a good place. Near UP, Miriam, Ateneo and LRT Line 2(santolan - recto). 5 mins lang to ateneo and miriam if no traffic..

**EQAddict** · May 20th, 2014 07:54 PM

But at least you lock the interest on a lower loanable amount now rather than get the same interest but on a higher loanable amount tomorrow.

But weigh your options well. And the best way to do that is to shop around and ask for proposals etc. who knows? Your dream lot will be within your reach.

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**jut703** · May 20th, 2014 08:53 PM

Looks like I'll be going village hopping over the weekend 😆

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**macsd** · May 20th, 2014 09:13 PM

Originally Posted by jut703

Looks like I'll be going village hopping over the weekend ��

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That won't be a smart thing to do. Source out on the internet, dami realty ads that you can check out and figure if it fits your budget & preferred location.

**jut703** · May 20th, 2014 09:33 PM

Originally Posted by macsd

That won't be a smart thing to do. Source out on the internet, dami realty ads that you can check out and figure if it fits your budget & preferred location.

Ive been scouring Sulit for a few days now. But it doesn't give much info with regards to flooding, exact address, neighborhood, etc.

Even the prices seem off, I don't know if these are last prices already or if these are still up for negotiation. They vary a lot too..

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**larry0609** · May 20th, 2014 10:09 PM

Originally Posted by jut703

Ive been scouring Sulit for a few days now. But it doesn't give much info with regards to flooding, exact address, neighborhood, etc.

Even the prices seem off, I don't know if these are last prices already or if these are still up for negotiation. They vary a lot too..

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If I may, try nyo po na mag browse dito, baka sakali may makita kayo http://www.myproperty.ph/properties-...FUYHvAodAEsAiQ

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**falken** · May 20th, 2014 10:10 PM

Originally Posted by jut703

Ive been scouring Sulit for a few days now. But it doesn't give much info with regards to flooding, exact address, neighborhood, etc.

Even the prices seem off, I don't know if these are last prices already or if these are still up for negotiation. They vary a lot too..

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You could also look in Buy and Sell, and Manila Bulletin Sunday classifieds.

Sent from my Nexus 7 using Tapatalk

**EQAddict** · May 20th, 2014 10:24 PM

You will have to get in contact with the sellers eventually. Pricing will vary wildly based on lot size and quality/newness of construction, materials used, etc. Ask a few questions BEForE you take time to visit these properties. Ask about flooding, clean titles, neighborhood, noise pollution (near highway, schools, karaoke bars), squatter colonies nearby, traffic, access, payment schemes, etc,

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**jut703** · May 21st, 2014 09:37 AM

Between buying an existing house and lot, and buying a vacant lot and building a house later on, which is cheaper?

Also, for normal folks (i.e. Not successful businessmen), is your first house usually your house for the rest of your life or do you eventually get to sell it and buy a bigger/better one?

I'm having a hard time estimating my future income and future costs so it's pretty hard to forecast my future financial status.

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