7 Things to Consider When Buying a Home

Living room

Buying your first home in Manila could be a daunting task. You have to take a lot of things into account. Here are a few things you should consider first.

What kind of living space are you looking for?

If you are on a student visa and are hoping to move overseas permanently in the future, you may want to focus on units that are a bit bigger and more spacious in order to accommodate your needs.

The bigger the home, the higher the unit should be. This will allow you to bring furniture and other personal effects, which will help you prepare for your life overseas.

place your items more efficiently and provide a nice living area to have friends over to enjoy.

What kind of kitchen are you looking for?

While you may have the means to completely remodel a kitchen, it is more economical and in your best interest to buy a home with basic cabinets, countertops, and appliances. Using a contractor to upgrade the kitchen should not be forgotten; those upgrades will be within your budget and require a minimal amount of time to complete.

What kind of home do you want?

There are so many different styles of homes on the market; some are rambling, some are minimalist, some are modern and some are rustic and homes with a farmhouse flair. You are going to choose a home based on what your design vision is and on which you are willing to compromise. A flexible budget is a must and not one to be tossed out of bed for when this is your number one decision.

Are you a “more is better” type of home owner or do you prefer to think about how a piece of furniture will look as part of a design installation?

What material do you prefer for your furniture? Where do you prefer to keep it? You will have more freedom to put your own furniture together with those materials that are your own preference.

Do you have another home as an option? Are you able to walk away from a home based on its least attractive parts?

Do you have a secondary home or rental property that you can use in order to supplement your current dwelling?

If you don’t have access to family housing or a secondary property, you may need to consider living in a condo, apartments, or a rental home in order to be able to live on an affordable income.

Is there another property that you might be able to purchase?

If the property is move-in ready, there may not be much that is holding you back from purchasing it.

But the price, location, amenities, the view, the house cleaning, the roof repair, and the schools can all be factors that can affect your decision to buy the property.

The bottom line: Evaluate all the angles.

Are you willing to mortgage a great deal of the value of the home?

You think you’ve got a good deal and you’re sold on this house, but you might not be willing to mortgage yourself into oblivion in order to own this property.

If you need help getting a mortgage on the property, talk to your realtor or your real estate agent and see what kind of support he/she can give you.

It’s always better to be informed before jumping in to buying your first property. It can be exhilarating and nerve-wracking at the same time. However, with the right information, you would be able to make an informed and educated decision to buy your first condo or home in Manila.

Check out this condominium in Pasig for sale.