3 Must-Follow Tips for First-Time Home-buyers

Posted on Feb 5 2018 - 1:00pm

Man and woman buying a new houseBuying a house is no small step. It’s a long-term commitment to a major purchase and a huge responsibility to shoulder, especially for young adults. No wonder many prospective and first-time buyers feel jitters about the whole process. They may have lots of questions, specifically on matters they barely or do not know at all.

But you know what, buying your home sweet home isn’t something you should be nervous about. It’s a big move, yes, but it’s something you can do. It’s also something you can make simpler with these tips:

Shop Around

Most home buying newbies have one problem: They don’t know where to start. Well, for Millennials, the answer seems easy. A single search on Google, after all, reveals literally thousands of property listings all over the Philippines. It’s an excellent jump-off point in your real estate journey, but bear in mind that you have to shop around.

Look at the different locations and property types and browse through property reviews from Lancaster New City, Cavite to Bulacan or Pampanga. South Property Sale and other experts noted that it’s always wise to know your options — and trust them, there will be a lot.

Crunch the Numbers

You may have hated mathematics in school, but it’s something you’ll have to do when buying a house. It’s important to know the life you can afford and how much a bank or a lender can give you for the property. Do your research, crunch the numbers, and consult experts in the field. Keep an eye out for extra costs and hidden charges, as well.

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Exercise Due Diligence

Caveat emptor. You, as the buyer, have the responsibility to inspect what you are buying. How old is the property? Is it furnished or not? What’s the community like? All the answers to these questions rest on you for doing the part and performing due diligence.

Follow these tips and you won’t have to worry about buying a home so much.