When one enters into adulthood, decision-making is one of the critical responsibilities. It is like a domino where one wrong move affects the other. We all know that earning money is not a joke especially if you are living in a developing country. Thus, it is an imperative to make a sound decision on how you are going to manage your finances so that you can ensure the future ahead of you. All of us will come or already came to a point where we are deciding whether to buy a home or rent one. Many might opt to just rent due to the huge obligation of owning or buying a house, but with enough knowledge and guts, owning a house in the Philippines is not impossible especially when you have enough or ample money to start with. Buying or owning a house brings a rewarding feeling to many because it is an achievement or a milestone in life.
Renting on the other hand brings numerous advantages like less obligations and flexibility. But renting does not mean cheap or affordable, owning or buying a house is more affordable when you make the right choice. Here we listed four reasons why owning a house in the Philippines can make you save more compared to renting:
1. Peace of mind
No money can buy peace, especially peace of mind. See what I did there? But kidding aside, imagine living in a house without paying, where you have good neighbors who eventually became your friends, and even your kids have playmates to grow with. In short, a community where you know each other very well.
Living in your own house brings a sense of stability, privacy and peace of mind. This is the perfect place to build a family and grow old with your partner in life. Planting roots in one place generates less chaos because you become more grounded, more connected to other people which brings happiness, a good benefit in living in one place.
2. Lesser expenses
Living in a rental house means paying for your residency as long as you live – a never-ending due every month. But if you are owningf a house in the Philippine and you paid off your mortgage, you are now free from paying your home loan. What a nice feeling! You can enjoy lesser expenses or indulge yourself with other things like acquiring new real estate as another investment.
3. Wealth-building investment
We may have heard multiple times that real estate investors became well-off in life because it is known that brick-and-mortar assets like real estate is a wealth-building investment. Real estate is a tried and tested investment venture which can further improve your financial portfolio. Its value continues to rise every quarter or annually. So, owning a house in the Philippines maybe expensive in the upfront cost but it is a gain in the long run. If you are currently working abroad, owning a house in the Philippines will be worthwhile because it is a good OFW investment. By means of buying a real estate like an affordable house and lot, you will no longer pay monthly rental fee. And if you are business-minded, you cannot take back your rental fee, it goes to your landlord which means that you are making your landlord rich. So, why not just buy an affordable house and lot and be a landlord yourself! You can either make your house and lot your own home or sell it using the market price, which is an even higher value.
4. More affordable
If you plan on owning a house in the Philippines, buying one is a big purchase to make, so you may opt to pay it by way of installment terms. In numerous cases, buying a home via installment is almost comparable to renting. Whether it is a preselling house and lot or a ready-for-occupancy house and lot, you have an option to pay it in portion. Via an installment plan, your house purchase will be easy to pay, thus, not painful to your wallet. Once you move-in, it is like you are living in a rent-to-own house and lot except that there is no lease agreement. You may look for an affordable house and lot packages offers, even the preselling ones, to make this possible. Once you find the right package for you, settle your down payment and pay the rest of your balance through a bank loan or a Pag-IBIG home loan.
Owning a house in the Philippines is a one of the best investments you can make, especially for your retirement. And who does not retire? Everyone does! So, if you are in the other side of the coin who still pursues renting, try to consider the above mentioned and see it for yourself. Of course, buying a house comes in the right time since owning one is a serious business but once this opportunity knocks in your door, do not give second thought, especially if you really have the budget. Lastly, if you want to be the master of your own space, you can achieve the most by acquiring your own home. You can decorate it the way you want to, you can style it based on your personality, and you can do whatever you want because this a place of your own.
If you are hunting for an affordable house and lot in the Philippines, try to consider Bria Homes. Bria Homes is a friendly community for Filipinos. It is located nationwide which offers convenience, security, and quality. Bria Homes projects are situated in accessible sites, offers wonderful amenities, and house and lot packages at best prices. You can avail your own Bria home by reserving for only 10,000 PhP. We offer preselling house and lot and ready-for-occupancy house and lot depending on the project.
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