From “I Do” to “Our Home”: Finding the Right Property for Newlyweds

• by admin
• March 25, 2024
• Home Buying Tips | Tips

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Just got married?

You are probably in your honeymoon stage right now. And you are probably very excited to start your life together and build your own family. But after the “I Do’s”, the next question is, what’s next? Where will you live? Will you rent or will you buy a property?

As a married couple, the ideal set-up would be having your place. Renting may be an instant and easy option, but having your own home has a lot of benefits. Here are some of them:

Benefits of having your own home as newlyweds

1. Sense of stability and security

Owning your own home as a married couple provides a sense of stability and security. It gives you a place to build your life together and create a sense of belongingness. It is always better to start your own life in your own home. 

2. Investment for the future

Whatever you are in your life – single, married, or growing a family – real estate will always be the best investment. But if you purchase a home early in your marriage, it allows you to build equity and value over time. This means you are creating great financial stability for yourself and your family’s future.

3. Freedom and independence

As newly married couples, you need the freedom to personalize your living space according to your preferences. You can freely decorate, renovate, plan, and make changes as you see fit without needing permission from a landlord. Moreover, your own space will allow you to discover and know more about each other. 

4. Family planning

One of the best reasons why it is best to have your own home after you get married is to have a conducive environment for starting a family. With your own home, you have the space and privacy needed to raise children and create lasting memories together. 

5. Long-term financial planning

Real estate can be a part of your long-term financial planning. As a married couple, it can help you establish roots and build wealth over time. This can potentially lead to a retirement asset or a property that you can pass down to your children. 

6. Sense of achievement

One of the best feelings of being a homeowner is the sense of achievement. You’ve already unlocked a new phase in your life by getting married. And having your own home to get started will give you a sense of fulfilment. Your own home symbolizes your commitment to each other and a shared goal for a bright future. 

7. Control over living expenses

Renting a home means being subject to rent increases or changes in lease terms. But by owning your own home, you have more control over your living expenses, especially when it comes to mortgages. 

These are just some of the benefits of owning your own home after getting married. It can be a bit terrifying since getting a property is a long-term commitment. But beyond this, you get a lot of benefits as compared to renting or living with relatives. 

Now that we know the importance of homeownership for newlywed couples, the next question is how to buy a property. What are the things that you need to know to find your dream home as a married couple? What are the things that you need to consider?

As a trusted real estate broker and consultant, here, at I Am A Homeseller by MP Realty, we’ve seen a lot of married couples and growing family find their right home. And with our years of experience, we’ve found out the secrets to finding your dream house. 

So if you are a newlywed couple looking for a place for your starting family, here are some pieces of advice that you need to know:

 

How to find the best property for newlyweds

Finding the best properties for newlyweds can be quite challenging. But with the booming real estate industries, there are a lot of great options that you can choose from. All you have to do is consider various factors such as location, budget, features and amenities, and future development plans in the area, among others. 

And to help you find the perfect property, here are some tips that can guide you:

1. Know your needs and wants

Before looking for a property head-on, you need to identify your needs and wants. Sit down with your spouse and make a list of all your priorities. How big do you need for a property? What is your preferred location? What are the amenities you like? How much is your budget?

By identifying your needs and wants for your property, it would be easy to filter out all the offers or property listings around you. Plus, you get to live in your dream house and community. 

By also doing this, you can identify the things that you can compromise depending on your budget and the availability of some other factors. 

2. Learn to research

Don’t just stick to one neighborhood or subdivision. Learn to do your research by exploring other available options. Look for areas that match your lifestyle preferences, such as proximity to work, schools, shopping centers, and recreational facilities. 

3. Consider affordability

Know your budget and stick to it. Consider not just the initial cost of the property but also additional expenses like maintenance fees, taxes, homeowners fees, and utilities. The value of money may change in the future, so don’t just rely on your future salary increase or bonuses. Find an affordable monthly amortization, and when you have extra money, you can add more payment to it or even pay off the whole property. 

4. Explore other financing options

In the Philippines, there are different types of financing options available for buying a property. There are bank loans, in-house or developer financing, Pag-IBIG fund, and other independent loan firms. Compare interest rates, down payment requirements, and repayment terms to find the best option. 

5. Consult with a real estate expert

If you are buying a property, you need an expert to assist you. A knowledgeable real estate agent can help you navigate the market and find properties that match your needs and requirements. Plus, real estate agents can give you valuable insights into the local market trends, and property values, among others. 

6. Visit the property in person

Don’t just be contented in seeing the property on brochures or listening to real estate agents explain the details. Visit the property in person and check out the whole neighborhood. Make sure to pay attention to the community, building condition, amenities and overall vibe of the area. 

7. Consider your future needs

Think about your future as a couple. Are you planning to start a family soon? If yes, you may need a property with extra bedrooms or space for expansion. You should consider whether the property can accommodate your future needs. 

8. Evaluate security and safety

We all want to live in a secure and safe community. So don’t forget to evaluate the security and safety of the neighborhood. Check the subdivision if they have gated access, security guards, and surveillance systems. You may also ask around for crime rates and other related security concerns. 

9. Thoroughly check property documents

Buying a property entails commitment, that is why you need to review the property documents. You need to review the title deed, land survey, and building permits, among others. You should also take time to verify the legitimacy of the documents with the relevant authorities to avoid any legal issues in the future. 

These are just some of the pieces of advice you should consider when buying a property after getting married.

If you are still at a loss, we are here to help you. We can assist you in finding the best properties strategically located in the best areas in the city. We can also help you view the properties in person and give you a housing consultation to assist you in making an informed decision about real estate investment. 

Just contact us today via Messenger m.me/mitchprin, or call and text us at 0918-963-6760 to book a free site tripping and consultation. 

Follow us on our social media page for more updates and promotions, https://facebook.com/mitchprin. 

Congratulations and may you have a great and happy life ahead!