4 Things Every Single Lady MUST Do When Buying Her First Real Estate Property
Ever since, it has been a customary practice of Filipinos to wait for marriage before deciding to buy a house. According to National Association of Realtors (NAR), 67% of all home buyers are married couples. Despite that, did you know that single women have been outpacing men in making real estate investments. In fact, this year's report from NAR, reveals that women are the second most common group of buyers following the married group.
Buying a home is barely easy for anyone. Actually, navigating the home buying process can be challenging especially for single buyers. But if you are a bold-hearted lass who's profoundly planning and determined to buy her dream house, here are four simple yet helpful tips to guide you on your home buying journey.
I. Take your time. Unlike purchasing small items, buying your own house and lot or condominium is not like shopping items from stores where you can return them once you found them defective. Needless to say, investing on your first real estate investment should not be rushed and must be given proper planning.
Research the type of property you want to purchase, its house features, and more than anything else, the location of the property- all of these should complement your lifestyle. While you are at it, read news about the latest real estate trends, this can help you in making your decision. For instance, if you are torn about buying a condominium or house and lot, reading articles about this will help you come to a smart decision.
II. Consult experts. Even though you have nearly researched every detail about your real estate investment, it is still advisable for you to consult experienced realtors. It stands to reason that they know better about the ins and outs of real estate industry.
For instance, they will help you with the paper works involved and help you determine what financial scheme suits you especially that you're a first-time homebuyer. With their assistance, they can give you professional advice and guidance throughout your home buying process.
III. Be cost-conscious. You don't have to be rich to be able to buy a house you just need to be financially practical. Stick within your budget and buy a property that falls within your cost bracket. Even if you are sure that you'll be earning more in the coming years, your expenses might probably increase as you go on in life due to new circumstances.
Besides, expenses don't stop after you moved in - in fact, it's just starting since you need to buy home essentials and pay other house maintenance entailed.
IV. Keep saving money. You may have bought your dream house and feel contented with it but that doesn't mean you can finally stop saving money. Continue saving money for unexpected or emergency situations or worst you'll end up selling your hard earned property.
Young or not, buying your first real estate property might feel a big leap for you especially if you are currently single which means that you'll be solely shouldering all the expenses and decision making involved. However, this reality should not stop you from making long-term investments because there will surely come a time in your life that you'll be making big decisions for yourself. Therefore, why wait when you can start early?
In Camella, you can start smart with the variety of home types you can choose - from House and Lot to Condominiums, anywhere in between the city and the province, in a price that suits every millennial's budget.
Want to know which Camella projects are around you? Visit our official website at www.camella.com.ph or call us at (02) 226-3552 or 09998872923. Like “Camella Official” on Facebook and follow “@CamellaOfficial” on Twitter and Instagram.