Array
Real Estate

5 Signs You're Ready To Buy Your First Home

Is it time to invest in real estate?

Shares
Photography: Vincent Coscolluela and Pexels.com (Main Photo)

Do you ever think about buying your own home? While renting may have its perks, chances are, you'll stumble upon a property or a community where you'd want to grow old and build a haven. If you have been sitting on the idea for a while, here are some telltale signs that can help you decide:


1. You’re ready for the responsibilities of being a homeowner.

Before signing that deed of sale, ask yourself these three questions:

  • Are you willing to pay mortgage and monthly taxes?
  • Are you ready for regular repairs or annual renovation?
  • Are you ready to take on daily household maintenance tasks? 

2. You're out of debt.

It’s no secret that buying a home entails spending a lot of money—it’s important that your main focus is your home and that you won’t be bothered by other financial commitments. 

3. You have enough saved up for monthly taxes or emergency renovations.

It isn't just about the price tag of the home—buying property also comes with a lot of extra expenses including taxes and repairs. 


4. You want to settle down. 

Home ownership is huge investment and you cannot suddenly change your mind about it. Buying a home means staying in the same neighborhood for a long time—perfect if you want to start a family or as part of a drastic career move. 

5. You have good credit.

If you're applying for a housing loan, it is vital that you have a stable job and a decent salary to make sure all your requests are approved. Instead of moving towards a smart investment, low credit may lead you to more debt in the future. 

More on Realliving.com.ph

Shares

Latest Stories

A Cozy Makeover for a Bare One-Bedroom Condo Unit

Interior designer Angelica Dumalus transformed the once blank space into an envy-worthy home we want to call our own

5 Mistakes You're Making When Storing Food in the Refrigerator

Maximize the space and keep your food fresh by organizing it properly

8 Things To Do In Poblacion, Makati

There's drinking and eating, of course, but there's more to this dynamic and multi-layered Makati hotspot

These Things Inside Your Home May Be Making You Ill

Without proper and regular cleaning, you could be making your house a breeding ground of bacteria

The Most Common Types Of Mold In The Home

Learn about the kind of mold that can grow inside a house and the health risks these can cause

How Pauleen Luna’s Home Style Has Changed Since Getting Married

The houses we've featured have striking similarities�"from the chosen style to the look and feel of the areas

8 Pantry Organizers You Can Count On

Keep your supplies in place with these trusty essentials

Expect Heavy Traffic as Rockwell Bridge Nears 30-Month Closure

The new bridge to replace it will cost Php1.2B and won't be completed until 2020

A Classic Townhouse In Quezon City With An Elegant, Neutral Palette

An interplay of classic American style and sophisticated design complete this dream home

This Pinay Exhibited Her Up-cycled Furniture At Paris Design Week

Willie Garcia, an interior designer and eco-warrior, showed her up-cycled creations at this international design fair

6 Things to Avoid When Cleaning with Alcohol

Make sure you don't mix it with bleach!

Important Things To Do Before Your New Home Is Turned Over To You

Ensure the quality of your new home before you sign the contract
Load More Stories

Get inspiring design ideas and handy hints.
Subscribe to our newsletter now!