Ready ka na ba bilhin ang iyong dream home?
Maybe you’ve found the right kind of home for your family, whether single detached, single attached, a bungalow, or a multi-story home, or even a condo. You have fallen in love with the location — very near your place of work, great proximity to other family members and friends, a great community, pero ang pagpapatayo o pagbili ng bahay ay malamang ang isa sa pinaka malaking investment that one can make. Buying a house requires research, a lot of consultation to make sure that you are financially ready. So before you buy, maybe we need to see if ready ka na financially to make your purchase? Here are three things to consider:
The rule of 28-percent
Unless you are paying for your home in full then you need to realize that you need to allot a portion of what you earn monthly for your home. A good rule to observe is that the monthly amortizations you need to shell out for your home do not exceed 28-percent of your monthly income.
Other cost considerations
Remember, ang monthly na hulog ay hindi lamang ang iyong babayaran. There are documentary stamps taxes that account for 15% of the property selling price; local transfer tax that varies from .5% to .75% of the selling price or zonal value; notarial fees to get the Deed of Absolute Sale notarized which is .1% to .15%, and loan fees that you need to be prepared for.
Syempre may mga non-legal expenses na siguradong kailangang paghandaan. They can be as basic as moving in costs, the furniture that you need for the new home, repair and maintenance costs, and other expenses like association dues and the like.
This is the dream, the ultimate symbol of security that one can give to the family — a roof over their heads, so it will be of great importance that you have covered all the bases when it comes to financial considerations.
If you want to learn more, visit https://www.lamudi.com.ph/complete-house-buying-guide and visit this site to help you decide. Happy house hunting!