Finding your dream home is an exciting adventure. It’s more than just picking a place to live—it’s about envisioning the perfect environment where you can unwind, thrive, and build lasting memories with those closest to you. But getting there takes some thought and careful planning.
Here are some tips to consider:
1. Set a Budget
Know what you can afford.
Suppose you are considering buying a property and have a monthly income of Php 50,000.
A general rule of thumb is that your housing expenses including motgage, property taxes and maintenance
should not exceed 30% of your monthly income.
In this case, 30% of 50,000 is Php 15,000.00
Therefore, you should look for a house where the monthly payment including all related cost does not exceed Php 15,000.
2. Location is Key
Think about your daily needs. Do you prefer living close to work, near good schools
or in a quiet neighborhood. The right location can boost your lifestyle whether it is an
energetic city or calm community.
3. Think Long Term.
Think about how your needs might change in the next 5 to 10 years.
Example:
– If you plan to have a family, look for a house with extra bedrooms.
– If you work from home, you might need a home office.
– If it is for retirement, a single storey house could be easier to get around
Choose a home that fits your future plan.
