Investing a Property

If I have a time machine, I would probably wish to go back 10 years ago and start investing a house and lot. I was already in my mid 30's or nearly 40's since I decided to have one. Well, the first thing that I would always consider was the stability of my career and life expectations like having a family etc...But I never thought that later on it will be too late for all those hunches. Location was the greatest fear. What if I bought it, and later on I can't use it? I was in my mid 20's when I first attempted to have one. P6,000 monthly through Pag-Ibig loan is not bad for a 2-bedroom house right? But I was so hesitant of the location.

Now, if you are in your mid 20's please, save those second thoughts! As early as that age when you start investing a property, when you reach 45 or 50 you can have it as your own even though you haven't reach retirement yet. The millenial age would not always think about having a property because they would prioritize an established career, travelling, dating, shopping, cars and gadgets. Mind you, I have been there done that. (But I just had a few regrets anyway)

Here are some thoughts that you might want to consider:

1. If you are 25 years old and started earning like 25,000-35,000 you can invest an 80-100 sqm house and lot. If you are a member of Pag-Ibig its likely that an annual rate interest would be 6.5-7% for your loan. But for bank financing it is likely that your monthly income should be around 30,000-50,000. (because bank's annual interest rate is 8-12%)

2. In relation to number 1, you can own a studio type condo unit but through bank financing. So consider around P30,000-50,000 monthly income.
 
3. For loans, 10 years is safe. If you started at the age of 30, then by 40 you are now mortgage free!

4. Since location is very essential, look for the one who is close to your work. A 30-min. drive with or without traffic is fine. For me, I would always want a suburb kind or much more of a provincial life neighborhood.

5. And lastly, look for a credible real-estate broker and sales agents offering quality homes that has few or no issues at all!

Author is an accredited Sales Agent offering properties in Cavite and SMDC projects all over Metro Manila. 

Please do like my page: www.facebook.com/investfuturehomes

Investing a Property

If I have a time machine, I would probably wish to go back 10 years ago and start investing a house and lot. I was already in my mid 30's or nearly 40's since I decided to have one. Well, the first thing that I would always consider was the stability of my career and life expectations like having a family etc...But I never thought that later on it will be too late for all those hunches. Location was the greatest fear. What if I bought it, and later on I can't use it? I was in my mid 20's when I first attempted to have one. P6,000 monthly through Pag-Ibig loan is not bad for a 2-bedroom house right? But I was so hesitant of the location.

Now, if you are in your mid 20's please, save those second thoughts! As early as that age when you start investing a property, when you reach 45 or 50 you can have it as your own even though you haven't reach retirement yet. The millenial age would not always think about having a property because they would prioritize an established career, travelling, dating, shopping, cars and gadgets. Mind you, I have been there done that. (But I just had a few regrets anyway)

Here are some thoughts that you might want to consider:

1. If you are 25 years old and started earning like 25,000-35,000 you can invest an 80-100 sqm house and lot. If you are a member of Pag-Ibig its likely that an annual rate interest would be 6.5-7% for your loan. But for bank financing it is likely that your monthly income should be around 30,000-50,000. (because bank's annual interest rate is 8-12%)

2. In relation to number 1, you can own a studio type condo unit but through bank financing. So consider around P30,000-50,000 monthly income.
 
3. For loans, 10 years is safe. If you started at the age of 30, then by 40 you are now mortgage free!

4. Since location is very essential, look for the one who is close to your work. A 30-min. drive with or without traffic is fine. For me, I would always want a suburb kind or much more of a provincial life neighborhood.

5. And lastly, look for a credible real-estate broker and sales agents offering quality homes that has few or no issues at all!

Author is an accredited Sales Agent offering properties in Cavite and SMDC projects all over Metro Manila. 

Please do like my page: www.facebook.com/investfuturehomes