The majority of you might be excited to have their own dream house. Who isn’t? You might be so excited to the extent that you have planned the design from the exterior to the interior such as the color of your wall or how big the chandelier you will hang in the center of your living room. Turning your dream house to reality is such a big achievement and everyone does hope that someday they can have the house of their dreams.
The big question is this! ARE YOU READY TO BUY YOUR DREAM HOUSE? With this, there are things that you have to take into consideration to check if you can buy a house.
Here is a list of things you need to consider.
Having enough budget to buy your dream house is important. If you are not financially stable to afford a house don’t take the risk. Also, don’t buy based on your current income state. You have to see to it that you have saved a different budget for your other needs. After you buy the house the expenses do not end there, you have to buy things for the new house and expect a monthly bill for water and electricity.
2. LOAN QUALIFICATION
When buying a home it is given that you need to pay first for the reservation fee and down payment. If your budget can only cover the reservation fee and down payment might as well consider other financing options such as Home Mutual Development Fund or PAG-IBIG and Bank Financing. To process the loan you should prepare needed documents for the application.
Scouting the area of the location where you plan to build or buy a house is important. Everyone has their preferred type of location. The location should be convenient for you and also to those who will live with you. If you have kids it is more likely that the area is near the school and should be along the road. Part of checking the location is inspecting the area if it is safe and most importantly is to check if it’s accessible to the hospital, police station and grocery stores. And, know more about the area by asking people there about the water availability schedule and what day is the collection of garbage.
4. CHECK THE VALUE OF THE PROPERTY
Knowing the value of the property matters for it is considered an investment. Buy a property with great value for you will benefit from it in the future. There is a great possibility that the property is good for income-generating activities.
5. DEAL WITH A LICENSED REAL ESTATE BROKER OR SALESPERSON
To find the perfect dream house you need professional help from licensed real estate brokers or agents. They will help you look for properties that match your preference. Choose a licensed broker or agent that you can trust. Don’t just talk to one broker or salesperson (agent), inquire to two or more and choose the best one who you think is perfect for the job. Also, talk to a broker or agent like our team at North Luzon Properties that could assist you anytime for a tour of your desired property.
6. DETERMINE WHAT YOU WANT
Be sure to know what you want. Do you want a condo? A ready-made house? Or, a house that is designed based on your preference? You are not planning for a house only here but you are planning for your DREAM HOUSE where you will be living for the rest of your life together with your loved ones. Have a final decision then it would be easier for you to look since you know what you want.
If you are planning to buy your dream house, you might as well note these things to consider to help you determine if you are ready to purchase a house. Don’t be in a hurry to buy your dream house; take your time.
Ready to buy a home?
Now with all of these 6 things considered, and you think you are more than ready to finally own the house of your dreams, North Luzon Properties is here to help. Call us today at +63 917 856 0032 so we can start building your dream home.