Life in Metro Manila is fast and convenient. In contrast, being in a suburban setting gives you more peace and quiet. You may not be surrounded by numerous establishments when living in the suburbs, but the necessities are often accessible. In short, life outside the metro can be convenient, too.
Perhaps among the most convincing reasons to move into the suburbs is the affordability of real estate properties. For instance, in Bria Homes Lipa in Batangas, it’s possible to find a house and lot for less than P600,000.
With all these perks, we understand how appealing suburban living can be. But before making the big move, it’s crucial to find the ideal home. Here are some smart tips to achieve just that.
Know the Prime Consideration
You guessed it right: location, location, location. Ideally, you want a home with access to basics, such as hospitals, supermarkets, and schools. But if you could find one that’s also in proximity to Metro Manila, the better. This can affect your property’s future value, as we’ll discuss in the next tip.
Take, for example, Batangas. This province is strategically located in the CALABARZON area, less than two hours away from Metro Manila via Southern Tagalog Arterial Road (STAR) Tollway and South Luzon Expressway (SLEX).
Looking further into Batangas, it’s worth considering living in one of the cities in this province. Doing so allows you to experience both the suburban atmosphere and urban convenience. Lipa City, for instance, has a high elevation and is blessed with abundant greenery and mountain vistas. Still, it’s a commercialized area where you can find modern leisure destinations such as malls, golf courses, and health spas.
Think About Price Appreciation
Appreciation refers to the increasing value of your property over time. While various factors contribute to price appreciation, location is perhaps the most crucial one.
When a suburban location becomes more developed, the properties here are likely to appreciate. More people would be interested in living in such properties, driving the demand up as well as their prices. This is good news if you ever decide to resell your suburban home in the future.
Get Your Finances in Order
Lastly, take a good look at your finances. This will help you determine the maximum amount of money you can shell out. Check the price ranges of suburban houses for sale today and from there, start allocating money for the reservation fee and three months’ worth of monthly down payment.
Getting your finances in order as early as now also helps you determine the right financing scheme to use. For example, if you acquire a house and lot at Bria Homes Lipa, you can do so via bank financing or Pag-IBIG home financing. The former offers higher loan amounts but is more stringent with requirements. Meanwhile, Pag-IBIG loans are ideal for low-income borrowers because of their affordable monthly repayments that can stretch up to 30 years.
The task of home search is never easy, but you can avoid setbacks by prioritizing location, thinking about price appreciation, and being financially prepared. Hopefully, with the help of these tips, you'll find your next home sweet home.
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