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Camaya Coast, Mariveles, Bataan

Buying Your Dream Home

Owning a house is probably one everyone’s dream, especially for couples. We dream of building our own home where we can raise a family. A house that reflects our own personalities, where our kids will grow and play. An environment where our kids will be able to grow as a member of a society. However, buying a house is a big investment that some of us may be afraid to jump into. A lot may cost about Php100 to Php50,000 per square meter depending on where it is located. Then, you add the construction cost. A decent house may cost about one million pesos or more that some of us may not be able to afford.

On the bright side, banks and developers are now offering payment schemes that will enable ordinary employees to own their own space whether it is a condominium or a single detached house. Some even offer a no down-payment scheme so you do not need to shell out any cash outright. Monthly mortgage ranges from about Php10,000 or more.

It is a risk but it is also an investment. A financial adviser will say that before you sign of any contract in buying a property, make sure to have a few months savings to cover your mortgage to cover you in case something bad happens.

If you have the cash, it is also not advisable to use your cash to pay for the house. It is said that you use money to make money so if you have an investment that will give you 10% interest per month and the bank is offering an 8% per month interest rate for your mortgage, go for the mortgage since you still have 2% earning from your investment.

You may visit: for a list of properties for sale and for rent.