4 Basic Things You Need to Consider When Buying your House and Lot

1. Location - Your initial main task is to figure out what kind of city or neighborhood would you want to spend most of your future. Consider the economic stability, variety of population (both young and old), proximity to the necessities of your family such as schools, malls and even hospitals.

​For those who are working in Metro Manila, what I noticed is that they tend to look for house and lot in Cavite, Laguna and Bulacan areas. Here are some of the available properties you would also like to consider. 

Bella vista in Gen.Trias, Cavite

Bella Vista 2-Storey with garage
​Lot Area: 50sq.m. Floor Area: 53sq.m.

​Total Contract Price : Php 950,000
Reservation Fee : Php 10,000 
Estimated Monthly Amortization with 5yrs rebates:
25yrs: 8,951.44
20yrs: 9,502.48
15yrs: 10,559.52
5yrs: 12,914.67
Monthly Amortization after rebates:
25yrs: 9,954.95  |   20yrs: 10,446.02  |  15yrs: 11,430.59  |  10yrs: 13,702.31

BERKLEY HEIGHTS in STA.ROSA, LAGUNA

Batch 8-9 Berkeley Heights Sta Rosa Laguna

​TOTAL CONTRACT PRICE: P954,382.00
Reservation: P10,000.00
Equity/Downpayment: 190,876.40
Payable in 18 Months: P10,048.00
Rent to Own option is available through their in-house financing for 15Years: P9,660.00 / month
​HLURB LTS Number 26435

2. ​Type of Settlement – Now this is where most of the home buyers get confused, either to get a condo or a house and lot in subdivisions.  To help you decide, get advice or read articles about the differences of the two. Once you have decided, you can read my article about 10 Tips for Condo Buyers or if you have decided to get a unit in a subdivision, I also have an article about the Types of Houses. 

Click the photos to know more about these properties I've visited. 

CONTACT ME at 0917 739 8227 if you're interested to know more about these properties. Feel free to message me so that I can also send the sample computation or arrange a FREE Site Tripping for you. 

3. Budget – This is very important; you have to be firm with your budget. Reserve some allowance of extra expenses such as documentation fee and bank processing fees. Choose a budget range that fits your current financial status, always be clear about with your realtor. Do not go over budget because this will cause you future financial trouble especially when you're applying for a house loan. 

DID YOU KNOW that AMARIS HOMES offers affordable 2 storey towhouses with provision for 2 bedrooms and 1 toilet in Brgy. Molino Bacoor, Cavite which you can get for as low as Php 7,137* monthly. Many of the unit owners here are working in Metro Manila. Start everything right at Amaris Homes located at the crossroads of Molino and Daang Hari Cavite, Amaris Homes is the next best thing you could possibly have for a fresh new start. 

DISCLOSURE: I am an Accredited Online Lead Generator for Driven Marketing Group.

House & lot for less than 10,000/mo

4. Documents - You have to be prepared as well with the documents that will be needed. Most of the developers would assist you in applying for housing loans, but the documents are under your responsibility. I have a listed the possible / most common requirements you might need to prepare. 

Check the basic list below. 

For Locally Employed
 Housing Loan Application with recent ID photos of borrower
 Membership Status Verification Slip
 2 Valid ID’s (government issued ids preffered)
 Proof of Income

• Notarized Certificate of Employment and Compensation 
• Income Tax Return/Certificate of Tax Withheld (BIR Form No. 2316) and latest one (1) month 
• payslip

For OFWs
 Housing Loan Application with recent ID photos of borrower
 Membership Status Verification Slip
 Proof of Income

• Employment Contract (with English translation if in foreign language)
• Original Employer’s Certificate of Income (with English translation if in foreign language). If document submitted is photocopy, it shall be duly certified/initiated by Pagibig Fund Information 
• Officer assigned in the country where the member works.

Prepare your checklist before implementing the first step so that you will have a guide as you go through the process. It may not be as easy as 123 but at least having a direction would make the task lighter and you’ll have brighter outlook while searching for your future home!

I'm your House Hopper  Apple Allison. If your dream includes owning your own house and lot, investing in a townhouse, or getting a luxury condo unit, please let me know. I'm just a message away! Feel free to leave a comment or call/text me on my mobile 0917 739 8227.