6 Effective Saving Strategies To Get Your Dream Home This 2023

• by admin
• March 29, 2023
• Home Buying Tips

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Have you already started saving up for your dream home?

How much have you already saved up? Have you covered all necessary costs, including mortgage, closing fees, moving fees, and downpayment?

Getting your dream home isn’t as easy as one might think. In fact, you have to shoulder multiple fees and get ready for even MORE the moment you sign the deal.

But that doesn’t mean that getting the keys to your dream home is impossible. With the following effective saving strategies, you CAN buy your dream home in no time.

Stick to your budget

Does your family help you save up? Do they do this by sticking to the budget?

The first step to sticking to your budget is by letting everyone in the family know about your future plans. After all, buying a new home is supposed to be a team effort.

So let everyone in on the plan and make everyone stick to the budget entirely. Without everybody else’s cooperation, you won’t be able to achieve your target savings.

And sticking to your budget means you have to be strict when it comes to buying, shopping, and paying the bills. Allocate the funds early on and make sure that all goes according to your budget.

Allocate a monthly mortgage payment

Although the downpayment is considered the biggest hurdle for homebuyers, you also have to consider saving up for your mortgage.

You can do this by estimating your mortgage fee, allocating the funds for it, and then depositing it in a money market account.

This includes fees such as property tax, insurance, and house maintenance. This is one way you can ensure that the rest of your homebuying experience doesn’t revolve around financial difficulties.

Take on a sideline job

Is your monthly income enough to cover all the costs for your future real estate purchase?

If the answer is no, then you should consider taking on a sideline job. There are various online jobs you can try online, such as virtual assistant jobs, freelance writing, graphic artist jobs, and the like.

However, before investing your time and effort in these sideline jobs, you should ask yourself if you can commit to it. Look for work that doesn’t require too much time and brainpower — something you can tackle in your free time.

Cut down on expenses

Cutting down on expenses could mean something as small as sharing Netflix accounts with a family member, or splitting your Spotify bill with your partner.

But cutting down on expenses would also mean dining at home instead of eating out, spending movie nights at home, limiting shopping to once a month, and reducing junk food in grocery bills.

Pay your government contributions

Have you ever wondered about how government contributions could change your saving game?

Home buying can be pretty heavy to handle on your own financially. That’s why many real estate development projects offer Pag-IBIG financing. 

The Pag-IBIG Fund can give you as much as 5% dividends on savings. On top of this, it can also lend you a higher loanable amount on housing.

To enjoy these benefits, you can allocate Php 5000 from your mortgage allocations into your monthly contributions.

Look into loans

Like with Pag-IBIG financing, you can also look into other housing loan options. 

Some banks offer these services, such as Security Bank, which offers home equity loans that allow you to borrow against the value of your first home.

So before you start shopping for your potential dream home, you should try calling up your loan options first and get preapproved.

The Best Dream Home and Investment For 2023

Are you excited to live the life you always dreamed of? Maybe 2023 is the year of many firsts for you and your family!

As others might say, getting preapproved for a loan is the first step to home buying. But there’s nothing wrong with getting a little sneak peek into your housing options!

So fall in love with these housing development projects, and get more motivated to save up for your dream home!

The Hauslands Mabalacat

Location: Washington St, Mabiga, Mabalacat, Pampanga

Strategically located near major establishments and BPO hubs, this development project is perfect for when you have to feel at home even when working.

It is also near Don Bosco Academy and the Don Bosco Compound and is only a few minutes away from Clark Freeport Zone and SM City Clark. 

With The Hauslands Mabalacat, you can be close enough to major establishments for comfort, yet far enough away from a peaceful life!

The Hauslands Subic

Location: Mangan Vaca Road, Subic, Zambales

The Hauslands Subic is only an hour away fromClark, and only a couple of hours away from Manila. With this development project, you’ll be surrounded by all the amenities you need — markets, schools, major highways, and business establishments.

With The Hauslands Subic, you can live in comfort while being in touch with adventure and nature!

The Hauslands Bataan

Location: Barangay Capitangan, Abucay, Bataan

This development project is located in a place that’s rich in history. And because it’s considered a tourist destination, you can be at the heart of an ever-growing community.

The Hauslands Bataan also offers the comfort you won’t find anywhere else — its beautiful scenery, convenience, and proximity to SCTEX and NLEX.

So keep your eyes on the prize — these three development projects are worth every peso you saved!

Schedule a free site tripping with us and find the best location for your family and your career! Call/text 0918-963-6760 or message us via Messenger facebook.com/mitchprin