MAKE THE BEST OUT OF YOUR HOME INVESTMENT
Today’s housing market can be challenging for first-time buyers with inventory and affordability not in their favor. This is not at all surprising since buying a home is one of the single biggest investments you’ll make in your life, so naturally the process can be a little daunting.
A first-time homebuyer is defined as a buyer who has not bought a home over the past three years. In that sense, bounceback buyers, those who had a short sale or foreclosure, are also entering the marketplace.
Too often, first-time homebuyers succumb to emotions and become attached to a less than desirable property.
Spending the time to research the local market trends and making your finances suitable for a home purchase will result in a significantly more agreeable situation.
Purchasing a property should never be a rushed process. First time homebuyers are typically in the initial stages of their careers, so diligently researching and utilizing the advice from real estate professionals can either set the foundation for prosperity, or create a detrimental fiscal situation.
As you scout for a new home, make sure to record details so you can review them. You can do the following: •
Bring a digital camera and begin each series of photos with a close-up of the house’s facade to identify where each group of home photos start and end. •
Take notes of unusual features, colors, and design. •
Pay attention to the surroundings. Do you like the location? Is it close to work? Is the community mainly young families or a more mature population? The homemeets my needs now, but will it in five or 10 years? Are there any issues that may affect its resale value? •
Immediately after leaving, rate each home on a scale of 1 to 10, with 10 being the highest, and add any relevant notes.
After touring houses for a few days, you will probably know which one or two homes you would like to buy. Ask to see them again, and chances are, you will notice elements that you might have overlooked during the first visit. Take note of this and then decide if you’re good with your choice or if you need more options.
P.A. Properties, the country’s largest developer of affordable housing south of Manila, offers high-quality, durable, stylish, yet affordable housing options to Filipinos and their families who dream of having their own homes.
It offers low- to medium-cost housing units with easy payment options for first time homebuyers, with lot areas ranging from 36 sqm ro 100 sqm, and floor areas from 25 sqm and above, at prices as low as P1.1 million.
“Our strategy of building houses within the range of start-up families, average wage earners and low-to-middle income families and arranging funding mechanisms to finance such homes appeal to most Filipinos who are searching for high-quality yet affordable residential properties that are easily a stone’s throw away from the comforts and conveniences of modern-day living,” said Reynaldo Ascaño, P.A. Properties senior executive vice president.
Apart from Laguna, the company also has housing projects in Batangas, Cavite, Bulacan, Pampanga and Metro Manila—all located in highly-accessible and secured areas that are steadily growing in value.