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buying a property in your 40s

30 Year Mortgage? Here’s How You Can Afford It In Your 40s

When buying a property in the Philippines, some developers often offer you different payment year terms like 5, 10, 15, or 20 years. But the maximum that you can get in the Philippines is 30 30-year payment plan. This is also very true with Pag-IBIG fund. Whilst Pag-IBIG fund also offers 5 to 20-year payment terms, they often suggest getting your home loan at 30 years.

Here are the reasons why:

 

paying for your home loan

Benefits of a 30-year home loan

1. Managing risks

With longer payment terms, lenders can minimize the chances of things going wrong. With a 30-year payment term, lenders can lower the risk and make sure that things stay more stable and predictable for everyone involved. 

2. Economic stability

Setting a maximum term helps maintain stability in the housing market and financial sector.

3. Regulatory guidelines

Banks and government agencies often establish guidelines for mortgage terms to ensure responsible lending practices and protect borrowers from excessive debt burdens.

4. Interest rate considerations

Setting a maximum term helps lenders align their risk management strategies with market conditions. 

5. Affordability

Limiting mortgage terms encourages borrowers to consider their long-term financial health. It ensures that individuals are not committing to loan terms that might become financially burdensome over an extended period.

6. Loan Amortization

A 30-year term provides a balance between affordable monthly payments and the overall interest paid over the life of the loan. Shorter terms may result in higher monthly payments, while longer terms increase the total interest paid.

While 30 years is a common maximum term, it’s important for borrowers to carefully consider their financial situation and choose a mortgage term that aligns with their ability to make consistent payments over a long period. 

 

But if you are in your 40s, and would like to avail the affordability that 30-year payment offers, how can you possibly be able to complete your payment within that period? 

After 10 or 20 years, you would have been retired and no longer working, so how will you be able to continue paying the loan?

If you are in your 40s and planning to buy a property and get the maximum loan terms, here are the things that you can do to easily pay off your property:

 

paying for your dream home

How to pay off a 30 year home loan

1. Create a budget

Buying a property is a big financial decision. That is why you need to carefully review your finances, and consider your income, existing debts, and monthly expenses. With this, create a detailed budget that includes all monthly expenses such as housing, utilities, groceries, transportation, and other spending.

Try to identify areas where you can cut costs, like dining out less, subscriptions, and finding more affordable alternatives with certain services and products. 

Once you can save, you can use your extra savings to add on your monthly amortization. 

 

2. Aim for a larger down payment

The down payment is typically 10 to 20% of the total contract price of the property. Try to aim to pay 20% or more of the downpayment to reduce the loan amount and potentially secure a better interest rate. 

You can try to consider tapping into your savings or bonuses to pay off the whole down payment earlier than your deadline.

 

3. Refinancing

Research current interest rates and assess whether refinancing makes financial sense. A lower interest rate can lead to significant long-term savings that can help you pay off your home loan earlier. 

 

4. Generate additional income

In order to add more to your monthly mortgage, consider exploring other opportunities for additional income. This can be part-time or freelance opportunities to supplement your main income. 

It is also wise to invest in skills and certifications to increase your chances of getting great career opportunities to open up new avenues of additional income. You can also try launching a small business. 

 

5. Income stability

By 40, you might be in your managerial position. If not, aim to be stable in your job so you can continue paying for your home loan. You can also explore opportunities for career advancements to enhance income prospects. 

It is also important to maintain an emergency fund that is equivalent to at least three to six months’ worth of living expenses to handle unforeseen financial challenges without jeopardizing your mortgage payments. 

 

6. Budget for additional cost

Budgeting for your monthly mortgage is not enough. You also need to budget for additional costs of owning a property such as property taxes, insurance, and maintenance. These expenses, if not budgeted properly, can affect your budget for your mortgage. Thus, make sure to allocate a budget for these additional expenses. 

 

7. Engage with a real estate agent

A real estate agent can help you find the best properties in the best locations, understand market trends, and assess different interest rates or payment terms. It is advisable to get the help of a real estate agent to help you make informed and wise decisions when buying a property while you are in your 40s.

 

Buying a property in your 40s

Buying a property in your 40s can be a bit challenging. But with enough research, proper planning, and advice from real estate agents, you can get your dream home at your prime. 

The goal is to pay off your property earlier by creating different strategic ways such as the tips above.  

On the other hand, if you are looking for a more affordable property that you can loan for 30 years, with low monthly amortization, low down payment, and is located near your workplace, we just launched Fiesta Communities Dapdap Phase 3! 

For free site tripping and housing consultation, you can contact us via Messenger at m.me/mitchprin or call/text us at 09189636760

The best time to invest in real estate is today. So take that big step to homeownership!

May you make better investments this 2024!

 

why you need to transform your property into an airbnb

Need passive income? Here’s how to transform your property into an Airbnb

Want to have a passive income? Looking for ways on how you can create a stable income without working too hard? Do you have an extra space in your house that you don’t use? How about buying a property and turning it into an income-generating Airbnb?

In this day and age where innovation and adaptability thrive, turning your property into an Airbnb can be a game-changer. Whether you have an extra space or lot, or a newly acquired property, turning it into a rental space can give you extra passive income.

But aside from that, here are more reasons why you need to transform your property into an Airbnb:

 

benefits of transforming your property into an airbnb

Why you need to transform your property into an Airbnb

1. Generate extra income easily

One of the benefits of turning your property into an Airbnb is the additional income that you can have. With Airbnb, you can set your rates, and have control over your earning potential. 

 

2. Flexibility and convenience

Owning an Airbnb means renting out your property when it suits you. It gives you and your guests flexibility. You can also manage your bookings and guest interactions with ease via Airbnb’s user-friendly website. 

 

3. Connect with people

Transforming your property into an Airbnb allows you to connect with different people from around the world. You can meet locals and travellers and have cultural exchange and memorable experiences with them.

 

4. Freedom to customize

By turning your property into an Airbnb, you can showcase your property’s unique features and personality to attract more guests and clients. You can personalize their guest experience by making their stay memorable and leaving you with positive reviews. 

 

5. Contribute to local economy

With Airbnb, you are contributing to the local economy by attracting tourists and seeking local experiences. You are giving more options to travellers who promote cultural exploration and tourism in your area. 

 

6. Enhance your property value

A well-reviewed property can enhance your market value as well as increase your property’s reputation and appeal. If your property has great reviews and feedback, you get opportunities to increase your rates or property selling price. 

 

7. Become an independent entrepreneur

Having an Airbnb is very empowering it allows you to experience the satisfaction of managing your own business with little maintenance and effort. Plus, it gives you more time and freedom to do what you want to do while earning extra income on the side. 

Transforming your property into an Airbnb is not just about getting extra income, but also an opportunity to unlock new possibilities, connect with diverse individuals and contribute to our local economy. 

If you are ready to transform your property into an Airbnb, here are the things that you need to do to ensure a smooth and successful hosting experience: 

 

how to transform your property into an airbnb

Easy ways to transform your property into an Airbnb 

 

1. Research rental regulations in your area

Research rental properties in your area. Familiarize yourself with local laws and regulations about long-term and short-term rentals as well as zoning rules, permit requirements and other restrictions. 

It can also come in handy to talk to other Airbnb owners about their experience, the rates, as well as the community in general. 

 

2. Evaluate your property

One of the many important things that you need to remember when transforming your property into an Airbnb space is to evaluate your property. Clean, declutter and include amenities that would make your guests comfortable and satisfied with their stay. Also, consider the needs of potential guests such as comfortable bedding, toiletries, and basic kitchen essentials. 

 

3. Set a competitive pricing

As mentioned, do your research when it comes to having an Airbnb. Check similar listings in your area and determine the standard and market rate of rental spaces. In setting your rental rates, consider the unique features of your property, the location, amenities and market demand. 

 

4. List your property on Airbnb website

Once you are done with the preliminary checklists, it is now time to get your rental space listed on the Airbnb website. Create an account, complete your profile and make sure to include a detailed description of your property. Upload attractive photos to entice guests to book. Use clear and engaging headlines as well as descriptions and highlight the unique features of your property. 

 

5. List your property on another online market

To increase your chances of getting clients, make sure to list your property in other online spaces. Don’t just list it on the Airbnb website. You can create a listing on Facebook marketplace, or even create your own social media page so you can promote it everywhere on the internet. Make sure to support your social media page by promoting it on your profile and asking friends and families to like and share your listing. 

 

6. Establish house rules

When you have an Airbnb it is important to have your own house or property rules this is to set expectations for your guest when it comes to check-in/check-out, smoking, pets, and other specific guidelines. You also need to communicate these rules effectively on your Airbnb listing to avoid misunderstanding and miscommunication. 

 

7. Be responsive

Being a good host means responding to all client queries immediately. Thus, respond quickly to inquiries and booking requests to build trust. Make sure to also provide clear communication on directions, check-in procedures, and any other important details.

 

8. Invest in safety

It is worth the investment to make your Airbnb safe and secure by having smoke detectors, fire extinguishers and first aid kids. You also need to familiarize yourself with Airbnb’s safety standards and ensure your property meets them.

 

9. Optimize your listing

You need to optimize your listing to increase your chances of getting seen by potential clients. Optimizing your listing means using relevant keywords on your headline and description that match what guests are looking for or searching for. You also need to regularly update your listing to keep it fresh and appealing to potential clients. 

 

10 Create a welcoming atmosphere

Add personal touches to make guests feel welcome, such as a welcome guide with local recommendations. Also, consider small gestures like a welcome note or a complimentary snack or drink to make your clients feel special. 

 

11. Don’t forget to manage your bookings effectively

You need to keep an updated calendar to avoid double bookings. Be also responsive to guest inquiries and provide necessary information to make the whole process for them smooth and convenient before their arrival and during their stay. 

 

12. Request guest reviews

As we have mentioned, having positive reviews can increase the credibility and value of your property. Thus, encourage guests to leave reviews after their stay to build your property’s reputation. Use feedback to improve your hosting experience and address any areas of concern.

 

By following these steps, you’ll be well on your way to successfully turning your property into a welcoming Airbnb listing. Always stay informed about Airbnb’s policies and continue to adapt and improve your hosting experience based on guest feedback.

On the other hand, if you are looking for a property that you can turn into an income-generating Airbnb, we have the best properties for you. 

We have house and lot properties in Bataan and Subic that are near tourist spots and the central business district. Check out The Hauslands Bataan and The Hauslands Subic

We also have an upcoming condominium project in Angeles City Pampanga which is minutes away from Clark Free Port Zone and Clark International Airport which is a great Airbnb investment. 

Simply contact us at 0918-963-6760 for free housing consultation and site tripping. Make sure to follow us on Facebook.com/mitchprin for more updates and promos.

 

best age to buy a condo

Planning to buy a condo? According to research, this is the best age to buy one

Buying a property, like a condominium, is a big decision that you need to take a lot of time to consider. It is a big financial and investment decision that can change your life and future. It is a long-term financial commitment. With all this, the question is, what is the best age to buy and invest in a condominium? Since it is a long-term financial commitment, do you need to start early in your 20s? Or if you are not yet financially stable, would you wait until you are in your late 30s or early 40s? 

 

The best age to buy a condo

Buying a condo often varies based on the individual’s circumstances as well as financial conditions. However, based on research and general trends, the best age to buy a condo is between your 30s and 40s. It is the optimal age to invest in condominiums because, during this time, you have a stable career, higher income and a clearer understanding of your long-term plans. 

Thus, whatever your age, when buying a condo, it is important to consider your financial situation, career stability, and life goals.

But if you are still in your 20s or early 30s, or you are in your 40s or 50s and would like to consider investing in condo properties, here are the things that you need to take into consideration:

 

Things to consider when buying a condo

1. Career stability

As mentioned, buying a condo is a long-term financial commitment, which is why you need to have a stable job to sustain this kind of investment. If you are in your life where you have achieved career stability and foresee long-term financial independence, then you can start looking for the best condo property. 

 

2. Market trends

One of the important things that can make condo buying worth it is knowing the market trends and economic conditions. When you decide to buy a condo, find advantageous opportunities during periods of favorable interest rates. Also, check out promotional discounts to get valuable deals. Being mindful of these things can greatly impact the overall value of your condo investment

 

3. Family Planning

Are you a single professional? Or someone planning to start a family? Your life status can also greatly affect your decision to buy a condo. 

For those considering family planning, the age 30s and 40s can be an ideal time to invest in a condo. It is also a great time to choose the location of the property as you need to consider the proximity of your property to schools and other amenities that can cater to your growing family plus ensuring their comfortable and convenient lifestyle

 

4. Retirement planning

One of the things that can also affect your decision to buy a property is retirement. If you are in your late 40s or early 50s and beyond, your decision to buy may be influenced by factors such as downsizing, proximity to healthcare facilities, and lifestyle preferences. 

A well-thought-out purchase in your 50s can significantly affect your retirement days. 

 

5. Strategic location

Deciding to buy a property is not just about money, it is also about location. Don’t just buy a condo because you want a property under your name. Buy a condo because of its strategic location. 

Is it near your workplace? Is it located in almost everything you need – market, hospitals, schools, recreational areas, cafes, restaurants, among others? Is it near terminals or is it located in areas where there is enough public commute?

Finding the right location for a condo is very crucial. You should find one that offers both convenience and potential for property appreciation. 

If you are looking for the best strategic location for a condominium, we are opening a property development in the heart of Angeles City, Pampanga. Located along Friendship Highway, this condominium development is minutes away from Clark Freeport Zone, Clark International Airport, SM Clark, hospitals, schools, public markets, cafes and restaurants, and more. 

Simply contact us to know more and follow our Facebook page for more updates and announcements facebook.com/mitchprin.

As we have mentioned, determining the best age to buy a condo will still depend on your financial situation and other various factors. Whether you are in your 20s, 30s, 40s, or 50s and beyond, carefully evaluating your financial situation, career plans, family goals and market conditions can guide you to make a wise and timely investment.

Thus, the best time to buy a condo is ultimately the age that aligns with your circumstances and goals in life. 

If you need more tips like this, make sure to follow us on Facebook at facebook.com/mitchprin and if you are interested in buying a condo or property in strategic locations, simply contact us at 0918-963-6760.

 

New year new home

New Year, New Home! Must-Have Properties in 2024

It’s 2024! Are you feeling excited to map out your goals and plans for the whole year? New resolutions and possibly a new house? Why not!

If one of your main goals and priorities this year is to have your own home, then we can help you!

 

Here are some of the must-have properties in 2024

Timog Residences in Angeles City 

Timog Residences is one of the premier and exclusive communities in Angeles City. 

It is located in Brgy. Cuayan, Angeles City which makes it minutes away from Clark Freeport Zone, Clark International Airport, SM City Clark, as well as schools, hospitals, markets, business establishments and offices. 

It is also in between Friendship and Sunset Road which means easy access to the best cafes, restaurants, and recreational areas in the city.

Furthermore, the subdivision offers the best recreational amenities such as a 2-way 2-lane entrance gate, Acacia Lane with over 80 trees lining the 408 meter road, swimming pool, playground, chapel, fragrant park, meditation garden, 24/7 security and gated entrance. 

It also houses an air-conditioned clubhouse for events like weddings, birthdays, baptisms, and reunions, among others. 

House models are also designed to provide comfortable living to starting and growing families. These house models are also ideal for people who are looking for a place to retire. 

With a 200 sqm lot area and 113.4 sqm floor area, the Bloomfield house model is one of the favorites and must-have properties in Timog Residences. With its spacious interior and elegant style, it is perfect for growing and big families, or people who like big and spacious homes. It has four (4) bedrooms, three (3) bathrooms, and a spacious garage that can also fit two (2) vehicles.  

With a 180 sqm lot area and 95.6 sqm floor area, the Alpine house model is perfect for professionals, married couples, and even starting families who are looking for a home that is near their workplace and schools. It has three (3) bedrooms, three (3) bathrooms, and a spacious garage that can fit (two) 2 vehicles.  

These two (2) house models are available under in-house financing and bank loans.

 

The hauslands mabalacat

The Hauslands Mabalacat in Mabalacat City

Another must-have property that you should check out this 2024 is The Hauslands Mabalacat. 

Located at Brgy. Mabiga and Mawaque, Mabalacat City, Pampanga, The Hauslands Mabalacat is the perfect property for professionals who are working in Clark Freeport Zone, or for families with kids studying in private schools near the city.

This highly accessible community in Mabalacat is 20 minutes away from SM Clark, 15 minutes away from SM Hypermarket Mabalacat, 20 minutes away from Clark Freeport Zone, 17 minutes away from Clark Airport via McArthur Highway, 10 minutes away from Don Bosco Academy and Mary Help of Christians School. 

Aside from its accessibility, The Hauslands Mabalacat is also packed with recreational amenities such as an air-conditioned clubhouse, swimming pool, basketball court, playground, jogging paths, landscaped parks, and gardens. Prioritizing the security and safety of its homeowners, the community has gated entrances, 24/7 security, and CCTVs. 

The Hauslands Mabalacat houses three (3) aesthetically designed house models to cater for the needs of starting and growing families. 

With a 100 sqm lot area, Amber Single Attached is perfect for starting and growing families who are looking for a bigger place. It has three (3) bedrooms, three (3) bathrooms, a powder room and a carport. 

Following Amber, is Saffron with a lot area of 88 sqm. Saffron is perfect for married couples who are looking for a bigger property that is near their workplace. It has three (3) bedrooms, two (2) bathrooms, a powder room, and a carport. 

Lastly, the Tawny model house is perfect for single professionals who are looking for a property to invest in. It has a 66 sqm lot area with three (3) bedrooms, two (2) bathrooms, a powder room and a carport. 

These house models are available via in-house, bank loans, and Pag-IBIG financing.

 

Prime Residences in Porac

Looking for a more affordable but still elegant and upscale lifestyle near Angeles City? Then you should check out Prime Residences. A community under the Fiesta Communities banner, Prime Residences is a midscale level property that is perfect for professionals and starting families who are looking for a place near Angeles City. 

Strategically located in Manibaug, Paralaya, Prime Residences is seven (7) minutes away from Nepo Mall and Newpoint, and 10 to 15 minutes from Clark Freeport Zone. It is a perfect location for professionals who are looking for a place near their offices.

Also, Prime Residences is highly accessible through MegaDike, Friendship, Montclair SCTEX, and Cutcut Flyover, which means you can travel to nearby cities and provinces in just a few minutes 

Prime Residences is offering a single detached model unit with 88 sqm with three (3) bedrooms, two (2) bathrooms, a carport, lanai area, laundry area, fence and gate. It is fully furnished so you can easily move in without worrying for additional renovation.

It is available through bank and Pag-IBIG financing. 

 

The hauslands bataan

The Hauslands Bataan in Bataan

Another best investment for 2024 is The Hauslands Bataan. Located at Barangay Capitangan, Abucay Bataan, The Hauslands Bataan is a perfect property for your dream home as well as vacation rental business. 

That is because it is minutes away from the travel destinations in the province such as Bataan World War II Museum, Balanga Nature and Wetland Park, Dunsulan Falls, Mount Samat National Shrine, as well as the popular wedding destination and cultural heritage the Las Casa Filipinas de Acuzar. 

It is also within walking distance to Abucay Plaza, schools and barangay hall, plus 13 minutes away from SM Bataan.

It is also a two (2) hour drive from Metro Manila. 

With its accessibility, it is indeed a great investment that you can make in 2024. But wait there’s more!

The Hauslands Bataan also houses amazing recreational amenities such as a multi-function and air conditioned hall called “The Pavilion” with a kitchen and veranda, outdoor lounge area, indoor and outdoor gym, swimming pool, basketball court, playground, and a mini park. It also has 24/7 security and a gated two-way entrance.

It is also a perfect investment for OFWs who are looking for a great property to invest in as it has three (3) model houses that you can choose from.

Magnolia Single Detached with 120 sqm lot area, 81.15 sqm (livable) floor area and 112.65 sqm (usable) floor area. It has three (3) bedrooms, two (2) bathrooms, a powder room and a carport. This house model is perfect for growing families or OFWs who are looking for a bigger place for their family.

Another great choice is the Pine Single Attached with 96 sqm lot area, 81.30 sqm (livable) floor area and 107.90 (usable) floor area. It has three (3) bedrooms, two (2) bathrooms, a powder room and a carport. Pine Single Attached is ideal for married couples or starting families.

Lastly, Lily Single Attached with 88 sqm lot area, 69.50 sqm (livable) floor area and 94.60 sqm (usable) floor area. It has three (3) bedrooms, two (2) bathrooms, a powder room and a carport. It is a perfect choice for professionals, married couples, retirees, and OFWs who are looking for a property to rent out or use for an Airbnb business. 

 

The hauslands subic

The Hauslands Subic at Subic

Located at Mangan Vaca Rd. National Hwy, Subic, The Hauslands Subic is within walking and driving distance to Waltermart, commercial and business establishments, Subic Bay Freeport, Ayala and SM Malls, which makes it a great property investment in 2024. 

It is a great investment opportunity as it is near tourism spots. You can turn your property into an Airbnb opportunity. You can also live in the community with your family and be in the center of everything. 

Amidst the beautiful sea air and mountain views, this Asian-contemporary neighborhood also provides the following amenities: an air-conditioned Pavilion, swimming pool, gym, basketball courts, and playgrounds, among others.

The Hauslands Subic houses two (2) amazing house models that are perfect for professionals, families, and even OFWs who are looking for a property to invest in.

Sage Single Detached is perfect for OFWs who have big families as it offers a 180 sqm lot area with three (3) bedrooms, four (4) bathrooms, a powder room and a spacious carport that can fit up to two (2) vehicles.

Another great property is the Cedar Single Detached house model offering a 144 sqm lot area with (3) bedrooms, four (4) bathrooms, a powder room and a spacious carport that can also fit up to two (2) vehicles. It is perfect for married couples, starting families, retirees or OFWs who are looking for a place to stay in the country.

All properties are available via Pag-IBIG, Bank, and In-house Financing.

 

Ready to get your new home this 2024?

This 2024 is the best time to get started with your new home. If you are ready to make it come true, we are here to help. We, at I Am A Homeseller Team by M.P. Realty are here to assist you in every step of the homebuying process. As expert real estate specialists, we are here to help you make a wise decision by offering you the best property listings and financing options to make your dream home a reality. 

For free site tripping of the above properties and free housing consultation simply call or text at 0918-963-6760 or message us via Messenger m.me/mitchprin. Follow us on Facebook at facebook.com/mitchprin for our latest promotions and discounts.

9 Ways To Be A Property Owner In Your 30s

9 Ways To Be A Property Owner In Your 30s

 

Having your own home is one of the most rewarding and fulfilling things that can happen in your life. It makes you independent and empowered. It is also the best time to have your property. You are still young to enjoy the perks of homeownership at the same time an adult to prepare and secure your future. 

But buying a property is a bit of a challenge, especially in your 30s. You need to consider about your income, job, cost of the property, and location, among others. 

That is why here at I Am A Homeseller by MP Realty we can help you achieve your dream home while still in your prime. 

Here are the things that you need to do.

1. Have a stable job or source of income

Being a homeowner is financially demanding. You need to pay for the downpayment, processing fee, and monthly amortization. Once the property has been turned over to you, you need to buy fixtures, furniture, and appliances, among others. After that, you need to manage the cost of repairs, and maintenance, plus the yearly taxes and insurance. That is why you need to have a stable source of income to cover all these recurring and unexpected expenses of owning a house. 

 

2. Create a budget

After having a stable income, you need to assess your finances. Ask yourself, with your current income, how much can you allocate for monthly amortization for a property? How much buffer do you have to sustain the repairs, maintenance, and other unexpected expenses? Once you have a budget for your dream property, stick with it. It will be your guide in finding your dream home. 

 

aguso

3. Look for affordable properties

Your dream property can be possible if you find one that matches your savings and income. It is hard to sustain an expensive or luxurious home if it is beyond your income capacity. That is why you need to explore affordable housing options. 

Good thing, here at I Am A Homeseller by MP Realty, we have properties that are perfect for 30-year-old professionals with minimum or middle-income earners. We have properties in Mabalacat, Angeles, Porac, San Fernando, Subic, and Tarlac that are located near central business areas like Clark Freeport Zone. 

 

4. Look for an additional income stream

As mentioned, acquiring and having a property is financially demanding. It can affect your savings and income to the point that you need to cut back on some of your wants. But having a property does not mean that you need to downgrade your lifestyle. All you need to do is look for an additional income stream to support and sustain your lifestyle as well as finance your property. 

In this day and age, there are a lot of job opportunities that you can explore by just surfing the internet or using social media. For example, you can earn a commission by referring your friend or your family members who are interested in acquiring a property. Or you can work as a part-time real estate agent. We at the I Am A Homeseller by MP Realty team have exciting opportunities for you. 

 

5. Create a passive income

Creating a passive income is one way to increase your finances as well as finance your dream home. And one of the ways to do this is to have a property that you can rent out. Buy an affordable property, have it rented or put it on Airbnb. Use the extra income you have to build your finances or buy another property that you can call home. 

Here are some best real estate properties that have the potential to be great investments this year. 

 

6. Learn to save

Saving is very important when you are trying to acquire a property. But saving is easier said than done. With the skyrocketing cost of food and other necessities, it is hard to stick to your budget and save. That is why we would recommend these effective saving strategies to get your dream home

 

7. Look for an affordable housing loan

When acquiring a property in your 30s, you need to research for the best housing loan that matches your income capacity. There are different housing loans in the market today. You have the government housing loan – Pag-IBIG fund, bank financing, housing loan companies, and in-house financing, among others. 

For a regular income earner, it is always best to consider the Pag-IBIG fund when acquiring a home. They have low interest, flexible payment terms, and low monthly amortization.

 

8. Get a property that is near your workplace

Location should be your non-negotiable when looking for your dream home. You may have found an affordable property but it is so far from your work. You’ll end up paying more for transportation and get easily exhausted by the long commute. 

If you are looking for properties that are near your workplace, we can help. We have affordable property listings that are near Clark, central business areas, and business establishments. 

 

9. Consult an expert

Lastly, to make sure you find the right and perfect property for you in your 30s, ask an expert. Seek the help of real estate agents or brokers. They can help you find the right property as well as make wise decisions on how to acquire it. Here are the things that you need to consider when looking for a real estate agent. 

Buying a property is exciting. And it’s more exciting if you are starting this early. That is why if you are ready to have your own home or your first property in your 30s, we are happy to help. 

Simply contact us at 0918-963-6760, email us at mitchprin@gmail.com, or message us at m.me/mitchprin. 

We offer free consultation and site tripping. We also have ready-for-occupancy properties that you can choose from. Talk to us today!

Homeownership Resolutions Setting Real Estate Goals for the New Year

Homeownership Resolutions: Setting Real Estate Goals for the New Year

Are you still thinking of buying a house? Still dreaming of having your own dream home this 2024? 

As we move on from 2023, there is nothing more rewarding than to have your own home come next year. Having your own home means a sense of stability and accomplishment. So if your New Year resolution is to have your own home this 2024, here are the things that you need to do to make it happen. 

 

Create a realistic budget

Before buying a property this coming 2024, you need to assess your financial situation and make a realistic budget for your dream property first. Consider your monthly income, recurring and emergency expenses, as well as potential savings. You also need to consider additional costs of owning a property such as taxes, maintenance, improvements, and homeowner’s association fees. 

 

Improve your credit score

If you plan to buy a property via a PAG-IBIG fund or bank loan, you need to have a good credit rating. A good credit score is important so you can successfully apply for home loans in any financing institution. So next year, check your credit standing, address any issues like missed payments or outstanding loans, and work on improving your credit score. This can help you increase your chances of securing favourable financing home loan terms. 

 

Save for a downpayment

Still thinking about what to do with your Christmas bonus or 13th month pay? Why not save it for next year for the downpayment for your dream home? Downpayment is typically 10 to 20 per cent of the property’s total contract price. If you still don’t have enough money for the downpayment, you can save up for it next year. 

 

Explore financing options

Start researching for financing options that you can use to buy your dream home. Some of these options can be Pag-IBIG fund, bank loans, or in-house financing. You can also look for available financing institutions. Next year, start comparing interest rates, loan terms, and eligibility criteria to find the most suitable financing options for you. 

 

Attend open houses

One of the best ways to find your dream home is to attend open houses. In here, you can see the property in person and easily imagine yourself living in it. Also, during open houses, they offer promos and discounts to make the property more affordable. So don’t miss your chance to attend open houses near your areas. If you are looking for promos or discounts, you may check this one here. 

 

Find a reputable real estate agent

To make sure you find the best property that would suit your needs, find an expert who will help you with the whole process. Home buying can be stressful. That is why you need expert help to make the whole journey easy. A real estate agent can help you find the best property, in the best location, the best deals and promos, as well as help you with the processing of your property. 

If you are looking for a reliable agent that you can trust, we are here to help. We have been in the industry for more than a decade and we have helped hundreds of Filipinos and families find their dream home.

 

Best time to buy a property

In the Philippines, having your own home is a major financial goal. It symbolizes security, a place to build memories with your family, and a great investment for the future. However, homeownership can be challenging and requires a lot of careful planning. 

That is why to be prepared and make your dream home a reality you have to understand first the real estate market in the Philippines. You need to know market trends, interest rates, and government policies. These factors can highly affect your decision when choosing your dream home.

But with the steady growth in the real estate market, property values continue to become resilient, interest rates have remained relatively low, and financing plans and options continue to grow. With this, 2023 and 2024 continue to be the best times to own a home for Filipinos. 

 

Your dream home in 2024

Buying a property requires a combination of determination, financial discipline and strategic planning. Thus, next year, you should include these values in your New Year’s resolution to ensure that you get your dream home. 

Also, remember that the journey to homeownership is a marathon, so take each step forward to bring you closer to the door of your future house. One step at a time until you reach your goal. 

Contact us for free site tripping of the best properties near your area at 0918-963-6760 and make sure to follow us on Facebook for the latest details and updates at facebook.com/mitchprin

Open your dream home this 2024.