You and your partner have finally decided that you should move into your first home as a couple. Good for you! However, you still need to answer a few questions when it comes to your property goals.
It’s a long-term commitment worth the extra pause. From things like a preferred location or property type to your goals and budget, here are some of the things you need to carefully communicate to each other when you want to buy real estate.
As a property investment, you should evaluate your short-term and long-term plans for your house and lot or condo purchase. Try to map out how and when you’re going to sell. Look at your own personal goals, as well. How old should your children be before you move on to another house? Is the real estate market in this particular area consistently stable?
Look into possible valuations of comparable properties in and around the location, if you can. That should give you a glimpse of what to expect in the long run.
For this, you and your partner should discuss potential locations, property types, and developer brands. You should also be open about the kind of community features and environment you think would be conducive to your goals. Accessibility to work and other essentials is a must, after all. It just depends on your priorities.
Of course, you need to talk about your ideal space size, number of bedrooms, and the like. You can try discussing possible design elements and layouts, as well. Find a healthy compromise between each other’s preferences.
Okay, we all know discussing money can get a little heated sometimes. The important thing to consider is your individual finances and income streams. Think about any existing debts or loans you still have to pay off. See if your dream home is within your means. You have to adjust certain aspects of your lifestyle, as well.
Setting a budget so as to not overspend can go a long way. It also helps dwindle down your own options.
Apply for a home loan. This, after all, should give you a better picture of the actual house and lot or condo you can afford.
This can be a lengthy process. With Ohmyhome, we can help you make the decision a whole lot easier. Our super agents can give you your best financing options and can even shortlist a few loan products. They can even provide you with sample computations of rates, schemes, and terms that should work best for your situation.
Wherever you decide to buy a home in the Philippines, you should relish this opportunity. The homebuying process can certainly bring you guys closer, if you let it. After all, you are going to be spending a lot of time together working everything out. These things take time, and as long as you have each other, it should definitely make the journey a lot more enjoyable for the both of you.
Book a free consultation with an Ohmyhome property agent today to get started.
Ohmyhome was launched in the Philippines in September 2020, following the company’s establishment of a tech team in the country in 2017. Ohmyhome was originally founded in 2016, and subsequently rose in Singapore as a leading PropTech solution and licensed real estate agency.
Ohmyhome expanded into the Philippines so that Filipino home seekers can have a real estate partner that they can trust to have their best interests at heart and can be relied upon to provide exceptional services throughout the entire property journey.
Featuring thousands of properties across many of the Philippines’ major real estate brands, Ohmyhome differs from other local platforms by going the extra mile and extensively helping buyers narrow down their choices and find the property that best suits their budgets, home needs, and lifestyle preferences.
The company’s Real Estate Agents not only help in the shortlisting of options but also provide professional services through the entire purchasing process. These include assistance in property inspections, negotiations, the finalization of the Conditions of Sale, deposit collection, the submission of property documents, as well as providing buyers regular updates.
Ohmyhome helps Filipinos find their dream homes, all while making sure each real estate transaction is complete and is an efficient and enjoyable experience.Stay connected with Ohmyhome Philippines by following our official Facebook, Instagram, and LinkedIn accounts.