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:


ADVERTISEMENT - CONTINUE READING BELOW

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. 


ADVERTISEMENT - CONTINUE READING BELOW

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

This 28sqm Studio Unit in Bacolod is Perfect for Staycations

The design team created a compact yet inviting small home with a warmth that matches the vibe of the City of Smiles

7 Plants That Can Help You Keep Dengue Away

You need to do more than just plant them outside your home

Make Your Home Smell Like a Fancy Hotel for Less Than P700!

Shop for scented candles, room sprays, and more essentials while maintaining your budget

10 Things You Need to Clean to Avoid a Stinky Home

We tend to overlook how scent contributes to the first impression our house makes on guests �" or on us!

5 Organizing Ideas We Can Learn from this Family Home in San Juan

This home doesn't just have picture-perfect rooms. Let it inspire you to get organized.

Amoy Kulob at Mabaho? Here Are Ways to Keep Your Home Smelling Fresh

Because a beautiful house needs to smell good, too

Those School Buildings We Grew Up With Are Called Gabaldons

The President recently signed a law that mandates their conservation

These Are The Reasons Why You Have a Messy Home

Manage the clutter in your house with these tips from an interior designer

Which One is Best for Your Home: A Diffuser or A Humidifier?

Here is a quick guide between a diffuser and humidifier to help you decide which one is better for your space

6 Convincing Reasons Why It's Better to Rent Than Buy a Home

Paying monthly dues is less stressful compared to managing real estate taxes

9 Affordable Ways to Give Your Kitchen Cabinets a Makeover

Updating the look of your cabinets can greatly improve the overall ambiance of your kitchen

Is Your House Making You Sick?

Household pollutants may cause respiratory diseases and other health problems
Load More Stories

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