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  • Buying your dream home

  • house moneyMost, if not all, couples aspire to put an end to their renting days or their staying-with-parents/in-laws phase.  There’s pride, joy, and satisfaction in finally owning a house, especially after years of working to be able to pay for it.  House-shopping, however, is not as simple as clothes- or grocery-shopping. Since it may well be the biggest investment you’ll ever make, it requires massive planning and decision-making, serious budgeting and all-out commitment.
    Edgardo A. Caisip, licensed real estate broker, and owner and general manager of E.A. Caisip Realty in Quezon City, says the process of possessing your dream dwelling will be easier and less complicated if you first decide on these:
    •    What you want to buy.  What are your needs and requirements? Do you prefer a condo, a townhouse, a bungalow, or two-story digs? Brand-new accommodations or old but well-maintained? How many bedrooms and TBs (toilet and bathrooms)? Do you need a garage and a garden? Is a big space for the kids and your pets a necessity? Choose a place that will suit you and your family.          
    •    Where you want to buy.  What are your priorities? Should the place be near your children’s schools or your workplace? Other things to keep in mind are proximity to relatives and certain conveniences (shopping centers, churches, etc.), commuting time, and availability of public transportation, especially if you don’t have a car.  Consider the environment, too.  Is it clean and safe? Does it get flooded when it rains? For some people, a not-so-perfect house in the right neighborhood is better than the other way around. Other folks, meanwhile, forgo nearness to offices and schools for larger, more affordable houses some distance away.
    •    How much you can afford.  How much can you pay in cash or installment? Look at your savings portfolio.  Are the funds ready or anticipated? Will you need a mortgage? How sizable a down payment can you put up?  Set a reasonable budget/price range for the property being eyed.  
    Identifying these “essentials” will make house-buying more expedient—no more rushing to every property development you pass by, or wandering around neighborhoods and ogling houses way out of your league.  
    Aside from the positive factors, weigh the negative factors, if any, as well, “if these have serious effects or if they are tolerable,” says Caisip. If tolerable or manageable, the need “qualifies.” Once the buyer determines his needs, other “wants” may be considered like areas for business, work or play/exercise, space for a swimming pool, a panoramic view, etc.  There should also be no valid objections from members of the family about the chosen residence.



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