Having a home to call their own may be among the top 5 dreams of most Overseas Filipino Workers (OFWs). Many of them are either renting a place to live or have been staying with in laws or relatives for the longest time.
Renting a house to stay gives you the monthly responsibility of rental bill that may possibly increase to a certain percent every 2 years or worst, every year! There are good landlords / landladies as there are also some who are difficult to get along with. No matter how good the environment is or how good your landlord / landlady is, the house will never be yours and you can never call it your own home.
Many real estate developers offer reasonably priced housing through legal coordination with Pag ibig Housing government agency in the Philippines. Many people pay rent for many years failing to realize that with monthly rental, they also can pay for the mortgage of a housing loan. It is possible to shell out a partial payment first, then move in while paying the monthly amortization for a minimum of 5 years or more.
But before finally committing to a real estate broker, carefully consider these points when buying a home;
1. Check your financial capability and responsibility. There may be sacrifices along the way but having a home will be all worth everything.
2. Safe and peaceful surroundings.
3. Accessibility to work, school, church, market place or supermarket and town center.
4. Less risk of flood during rainy season as our country, the Philippines has only 2 distinct seasons; wet and dry seasons.