It is once again the last month of the year, and as such, many employees have begun receiving their 13th-month pay. Often, having a significant amount of money immediately available to spend during the holiday season makes it tempting to splurge a little, and anyone is well within their rights to do so given how hard they worked to earn that money.
However, one thing to be learned this year is to be more prudent in spending and make sure that where our money goes is something that can help better secure our futures or at least get us through an emergency or a crisis. And when it comes to spending money with a purpose, there is arguably no safer investment than real estate.
Why invest it
Granted, a full 13th-month pay won’t cover the entire cost of an entire property, but it can possibly be enough to cover the down payment. And sure, acquiring real estate usually means having a mortgage-effectively even adding to the things you have to pay on a regular basis but there are still many benefits you reap immediately from owning property even as you go about fulfilling your real estate loan obligations.
- When buying a house or condo at the pre-selling stage, you’ll likely be getting it at a price lower than what it would have been had it been ready-for-occupancy. Enjoy having the property’s value steadily go up even as you are paying and/or waiting for it to be turned over to you.
- If on the other hand you invest in a home that is already built and can be occupied, you also have the option of leasing it out and earning from the initial investment you’ve made and/or have your monthly mortgage paid for using the rent you earn.
- Find your daily commutes inconvenient? Use your investment yourself and live in a place that is centrally located and accessible to key places like your office and even schools, retail centers, and healthcare facilities.
These are but a few benefits to property ownership which, of course, won’t happen if you don’t start investing today. Buying right now or not, part of your salary should go to the funding of your future property if you want to eventually get it, and this year’s 13th-month pay can prove to be a significant step towards that goal.
As mentioned, you’ll likely be taking out a home loan from banks or other private lenders, or via Pag-IBIG, to complete your purchase of a house or condo for sale in the Philippines, and having your 13th month included in the equation will play significantly in helping reduce the amount you’ll need to borrow-effectively help keep the interest you incur and the monthly payments you make to a minimum.
What and where to invest in
Approximately an entire month’s salary, especially when technically sitting as “extra cash”, is indeed a significant amount. It is understandable, however, if some still feel that it is not substantial enough to get the ball rolling on property ownership.
Expectedly, the way to go is to look for homes that are reasonably priced while still providing a great deal of value be it monetarily and/or in terms of livability. Some may assume ‘bang-for-your-buck” homes only exist outside the big cities, and they’ll be surprised because there are a number of great deals currently in the market that are centrally located.
Located in Quezon City, SMDC Trees Residences is an ideal location for homebuyers who want to live or invest in property in the northernmost portion of Metro Manila while also having relative access to locales like Bulacan and Tarlac. The area is also ideal for those who want to buy a home in Metro Manila but not quite be in the midst of the region’s hustle and bustle.
The mid-rise condo community features studio, one, and two-bedroom homes priced from Php2.14 million to Php3.55 million. Among the amenities, one can enjoy when investing in a Trees Residences home is access to a swimming pool, multi-purpose court, and function rooms, as well as having round-the-clock security.
In the Southern-end of Metro Manila, on the other hand, is Avida Towers Sucat. Located in Parañaque City, the condominium development sits conveniently at the center of its namesake barangay, and is a short walk away from locations such as SM City Sucat, Wilcon Depot, and the Olivarez General Hospital, and Olivarez College.
For buyers interested in buying a condo for sale in Parañaque, Avida Towers Sucat place features studio, one, and two-bedroom units that range from Php3.9 to Php7.8 million in price. Owners and tenants of these units, regardless of size, get to enjoy access to amenities that include adult and kiddie swimming pools, a children’s playground, and an outdoor gym, among others.
For a truly centrally located property, on the other hand, property seekers can opt to buy a condo in Pasig City, such as those presently available in Suntrust Kirana. The low-density condominium community is located a mere 700 meters from the Pasig City Market and is minutes away from key business districts like BGC, Ortigas, and Makati.
Featuring two-bedroom units priced for as little as Php3 million to only as much as Php5 million, Suntrust Kirana offers great value in terms of both living space and location. These, coupled with access to amenities such as a cabana, clubhouse, basketball court, swimming pool, and even a wedding pavilion.
Ready to buy a home that’s worthy of your year-end pay? Connect with an Ohmyhome agent for comprehensive assistance throughout the property purchasing process.
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.