From Mukhang Luma To Brand-New! This Couple Renovated A Foreclosed Property In 3 MonthsThe 192sqm foreclosed property is found inside a subdivision in San Pedro, Laguna.by Cielo Anne Calzado .
Finding and buying a home requires careful planning, but sometimes, the right property comes when you least expect it. Melissa and Ezekiel Calayag didn’t plan on buying a foreclosed property but after seeing the promise of the house and lot referred to them, they decided to change course and acquire a 192sqm home in San Pedro, Laguna.
“We were supposed to buy an old house in the same subdivision where the foreclosed property is located but due to conflicts, we decided to back out of the deal. My husband’s childhood friend then referred a foreclosed property to us and we thought it had potential,” Melissa tells SmartParenting.com.ph.
Since the house had a caretaker, it looked different from other foreclosed properties. “Hindi sira-sira ang itsura ng house, okay pa ang mga tiles, extended na din ‘yung bahay, and may built-in cabinets sa bawat bedroom,” recalls the former flight attendant.ADVERTISEMENT - CONTINUE READING BELOW
The couple also noted that choosing the foreclosed property meant spending less on renovations compared to overhauling an entire house.
After successfully securing financing assistance from a bank, Melissa and her husband focused on giving the house a new look. With the help of Melissa’s father who is a civil engineer, the renovation took three months.
“We got inspiration from Pinterest as we wanted a modern, minimalist feel. ‘Yung maaliwalas tignan and ‘yung feeling na nasa vacation house ka lang,” she says.
Renovating a foreclosed property
The couple really lucked out in acquiring the property. It has four bedrooms, a living room, a dining room, an entertainment/family room, and a dirty kitchen. There’s also enough space to start a garden or an outdoor area where they can relax.ADVERTISEMENT - CONTINUE READING BELOWRecommended Videos
While there are many things to love about the house, Melissa especially likes the high ceiling in the living area. “It gives a ‘sosyal’ vibe and that maaliwalas feel,” she shares.ADVERTISEMENT - CONTINUE READING BELOW
While they have finished sprucing up the key areas in the home, they are saving up for more improvements in the future. Aside from thinking of creating an outdoor patio, they also plan on changing the railing of stairs with glass to make it more elegant.ADVERTISEMENT - CONTINUE READING BELOWADVERTISEMENT - CONTINUE READING BELOWADVERTISEMENT - CONTINUE READING BELOW
If you are also considering looking into foreclosed properties, the couple suggests allotting enough time to inspect if the property is worth it. “While buying a brand-new house and lot is more expensive, you need to really check for damages like leaks,” says Melissa.ADVERTISEMENT - CONTINUE READING BELOW
In addition to checking every nook of the house you’re eyeing, she also suggests taking into consideration the location and accessibility of the area. “It’s important that there’s a stable Internet connection and good water supply.
Most importantly, check the documents of the property including the title and that there are no unpaid bills,” Melissa adds.
At the end of the day, getting the home of your dreams boils down to having enough budget. Just like how Melissa and Ezekiel made it happen, making sure your savings can cover it helps. “Saving money even if you don’t know where to invest it yet is important so that when an opportunity comes, you’re ready to grab it,” she advises.
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