Housing prices in the heart of Metro Cebu can get rather steep, leaving many millennials unable to afford the homes on the market. One shouldn’t have to be stuck in the same place. If one is itching for independence to lead the life he wants, here are some pointers to keep in mind to help him get there.
A grasp of the important numbers. As with all major undertakings, one firsts needs to do his research and establish what he needs to accomplish on the way to his goal. Start with getting the costs to pay the down, monthly installments and other fees for the condo one has in mind. Comparing this amount to one’s monthly income, one can calculate how much he’ll need to save per month to meet his goal.
Take note that the costs adjust to how soon you want to complete your monthly payments. Some condos will allow you to pay less per month by stretching out your installments over a longer period of time. This also works inversely, letting you complete your payments more quickly through larger installments.
An open mind to more affordable properties. One should hold his income next to his expenses because the property he has in mind might not be in reach for now. Fortunately, there are less expensive but just as good starter condos in the market. One will want to look for condos that are either located a little farther away from the city center or presently in its preselling stage. Location is a major consideration in housing prices, with homes in more distant areas costing less, while condos in preselling stage priced significantly lower. It would be ideal to find one that fits both criteria. One such condo is Primeworld District which is located in Mactan and currently preselling.
Some lifestyle changes. One should identify his needs and wants. Is a daily cup of barista-brewed coffee necessary? Do you have to get bimonthly salon treatments? Some non-essential expenses add up and could set one back a few thousand pesos per month. This can be better used to save up for one’s first property.
With plenty of research, flexibility and discipline, one will find a property that is right for his budget and more importantly, for him. It will also be of help to find a reliable developer that has one’s best interests at heart such as national developer Primeworld Land Holdings.
Starting with just one subdivision in Manila, Primeworld Land Holdings Inc. has since brought its developments across the country with promising new properties in Luzon, Visayas and Mindanao. For more information and updates, visit Primeworld Land’s official Facebook and Instagram pages. SPONSORED CONTENT