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Thinking of Buying Your First Home? Here are 10.5 Things To Consider:
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height=”20px”][/vc_column][/vc_row][vc_row][vc_column][hz-section-title hz_section_title=”1. Decide Location Or Space Before Searching For A Home” hz_section_subtitle=”” hz_section_title_align=”text-center” hz_section_title_color=””][vc_column_text]Before shopping for a home, it’s important to set your priorities. Which is more important to you:
Space or Location
If you settle on this in advance, you can make thought-out decisions during the home-buying process and avoid unsettling feeling of Buyer’s Remorse.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][hz-section-title hz_section_title=”2. Don’t Commit Before You’re Ready” hz_section_subtitle=”” hz_section_title_align=”text-center” hz_section_title_color=””][vc_column_text]Owning a home is a huge commitment – and a more expensive one than some homebuyer’s realise.
Average rental in Metro Manila ranges from Php 10,000 to Php 15,000 monthly. Similar amount monthly is required for being a homebuyer in Lancaster New City.
The monthly payments might be similar, the huge commitment is the time involved.
Remember, this will be your permanent home for a long haul, so do not choose haphazardly. Make a Pros and Cons comparison for each house on your checklist.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][hz-section-title hz_section_title=”3. A Down Payment Is Never A Bad Investment” hz_section_subtitle=”” hz_section_title_align=”text-center” hz_section_title_color=””][vc_column_text]Some home required only 5% Down Payment upfront, and the 95% can be loaned through a third-party institution like Bank.
If you have extra money and able, putting additional down payment or equity more than the required will give you savings in interest payments in the long run.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][hz-section-title hz_section_title=”4. The School District Will Affect Home Value” hz_section_subtitle=”” hz_section_title_align=”text-center” hz_section_title_color=””][vc_column_text]Even if you don’t have kids, it pays to check out a neighbourhood’s school district before buying a home, as living in an area with a sough after school system raises your Property Value.
Also, if there are development in the surrounding area, the neighbourhood increases in value and typically does well in resale.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][hz-section-title hz_section_title=”5. Reserve Some Cash For Home Improvements” hz_section_subtitle=”” hz_section_title_align=”text-center” hz_section_title_color=””][vc_column_text]Be ready with the investments needed for home improvement.
Have a standby funds for home improvement.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][hz-section-title hz_section_title=”6. Examine Both Financial and Personal Costs of Buying” hz_section_subtitle=”” hz_section_title_align=”text-center” hz_section_title_color=””][vc_column_text]Before buying a home, think about what kind of personal and financial sacrifices you’ll have to make.
If affording a home is a stretch right now, it might be better to wait awhile and save up more money.
As a general rule, maximum of 30% of your monthly Family take home pay goes to your monthly home mortgage.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][hz-section-title hz_section_title=”7. Secure Possible Financing Before Falling In Love With A Home” hz_section_subtitle=”” hz_section_title_align=”text-center” hz_section_title_color=””][vc_column_text]Know your eligibility to loan from Banks before looking at possible houses to buy.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][hz-section-title hz_section_title=”8. Higher Price Point Might Save You Money Over Time” hz_section_subtitle=”” hz_section_title_align=”text-center” hz_section_title_color=””][vc_column_text]After making interior and exterior renovations, many homeowners find that their budget has been stretched way beyond what they initially wanted to pay for a home.
For this reason, it can be smart by paying a little more upfront for a home that has all of the upgrades and extras you want, you won’t have to worry about paying for them down the road.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][hz-section-title hz_section_title=”9. Choose A Good Agent” hz_section_subtitle=”” hz_section_title_align=”text-center” hz_section_title_color=””][vc_column_text]Since this is your first time, you will need a good and reliable agent like, Johnny Chua to guide you through the home buying process.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][hz-section-title hz_section_title=”10. Narrow Down Your Choices” hz_section_subtitle=”” hz_section_title_align=”text-center” hz_section_title_color=””][vc_column_text]Don’t confuse yourself with too many choices.
Narrow down your list to 2 to 3 properties.
There is a tendency to miss out on the good parts when you have too much to choose from.
Put them in a rank, then make a Pros and Cons comparison on each.
Remember, this will be your permanent home for a long time, so do not choose haphazardly.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][hz-section-title hz_section_title=”10.5 Stick With Your Decision” hz_section_subtitle=”” hz_section_title_align=”text-center” hz_section_title_color=””][vc_column_text]When you have thought long and hard about which house to buy, stick with it and be happy with your decision.
Constantly changing your mind will leave you restless and will cost you a lot more money than you should be spending.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][houzez-space height=”50″][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title=”NOTE ON 2018 AND BEYOND HOMEBUYERS” title_align=”separator_align_left” align=”align_right” border_width=”2″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]As a homebuyer, look for simple yet spacious homes that are closer to nature and allow for home-office integration.
A key consideration is easy access to commercial establishments like shopping malls, restaurants and supermarkets.
Ambience, safety and accessibility are the main drivers in today, home buying decisions.
The durability of the property as well as the availability of a wider range of amenities are also prime considerations.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][bsf-info-box icon=”Defaults-home” icon_size=”32″ icon_color=”#1e73be” icon_style=”square” icon_animation=”fadeIn” title=”Lancaster New City” read_more=”more” link=”url:https%3A%2F%2Farchive.cavitehomes.com%2Fadvantages-of-weak-peso-for-ofw%2F|title:Lancaster%20New%20city|” hover_effect=”style_2″ pos=”square_box” box_border_style=”dotted” box_bg_color=”#ededd0″]Lancaster New City is your perfect home close to Metro Manila. Just 6.5 km away from CAVITEX (Manila-Cavite Expressway) Kawit Toll Exit, travelling to work daily will be a breeze for you.
Lancaster New City presents a range of choices for affordable homes in Cavite located within a master-planned community. Ours is a development with all the modern conveniences of city living, but away from all the noise and pollution. We are a Family Friendly City where you and your family may live, learn, work, play, and pray.[/bsf-info-box][/vc_column][/vc_row]