Purchasing your own home is surely one of the biggest decisions you’ll ever make in your life. Aside from the huge amount of money it requires, this decision also takes a lot of guts to materialize.
A lot of stress and worries come with the process, and you should not be worried because almost all first-time homebuyers experience the same jitters as they dive into the home purchase.
Below are some common worries of first-time homebuyers, as well as some tips to overcome them.
What if I can’t afford my next monthly loan payments?
The reality is, unexpected circumstances can really happen – you may lose your job, you might get some medical emergencies, or whatnot. However, this is where mortgage can help you. You can avail of some payment assistance options such as refinancing, loan modification, loss mitigation options and more.
Also, be extra responsible in choosing a property that is within your budget. Do not go beyond it so you would not need to worry about being hung up for your monthly amortizations. You should also consider the best deals offered by different developers so you could score a great deal on your new home.
Where can I get the money for down payment?
Before worrying about monthly amortizations, homebuyers are faced with the huge costs of down payment and upfront fees to be paid. A pro-tip here is to save up as much as you can and create a fund primarily for your dream home. You may explore other streams of income to expedite your saving process and settle the down payment for your dream home as soon as possible.
There’s no more space for me in the city, where should I go then?
With the exploding population in the Metro, living in the suburbs like Antipolo is gaining popularity. These places offer bigger spaces for families, and are also more breathable compared to the cramped spaces in the city. As a first-time homebuyer, you may want to research the available cities around you where you can build your first home. Numerous infrastructures are being developed now so there is no need to worry about being too far from your place of work or the central business district. Give the suburbs a chance and you might actually find a perfect home match in those places.
What if we outgrow our home?
Your family will more likely grow overtime, thus requiring bigger and more functional spaces. Therefore, when choosing a home, it is wise to consider some growing room. You may also opt to do some improvements on your home afterwards to enhance its use and to match your family’s needs. This way, you also increase the value of your property.
Here’s a final piece of advice: don’t let your worries discourage you from taking the first step towards getting your dream home. Make it an enjoyable process and weigh things as you face them. Indeed, dreams require hard work.
Looking for a place for your new home? Antipolo is a perfect location for you! Being only 16 kilometers away from major central business districts like Ortigas, Quezon City, and an upcoming C5 Corridor, this city is a very good option to look into. You won’t have to pay toll fees to get to Antipolo, and you’ll be able to find properties ranging from 7,000 to 10,000 per SQM in lovely villages such as Sun Valley, Park Ridge, and Eastland Heights!
Apart from these, villages in Antipolo have a whole array of amenities to choose from, spacious lots for your family, cool temperature because of its high elevation, and scenic views of the city skyline or the Sierra Madre mountain range. This is something you rarely get in the city, not even in the South.
Want to check out properties in Antipolo? I’m your guy! I can help you find the perfect property for you and your family. To know more, you may visit danielalleje.com, contact me at 0927 957 2503, or email me at dan@danielalleje.com.
References
Overcome It: 5 Worries Every First-Time Homebuyer Has. (2020). Retrieved from https://www.lamudi.com.ph/journal/overcome-worries-first-time-homebuyer/