8 Considerations for Newlywed Couples When Buying a Home

Couple Signing for Conjugal Property

For newlyweds, purchasing a home is an important milestone. Which would you prefer? a condo, a townhouse in the middle of the city? Plan to keep it jovial and enjoyable.

Although some couples purchase a home even before they tie the knot, most people first rent before making the investment in their own home. After the wedding, the couple’s next exciting adventure is house hunting because this is where they will begin their new life together. If you find yourself in this circumstance, you’ll appreciate our article on how to discover your dream home quickly and easily as newlyweds.

A milestone in the lives of any newlywed couple is the purchase of a home jointly, which calls for careful thought. You will have to decide between a home in the suburbs, a townhouse in the middle of the city, or a condominium near to the financial sector.

1. Take Stock of Your Financial Situation

The first step is to assess your overall financial status. Prior to contrasting house models based on architecture and design, you must first choose a price range. Sit down and evaluate your individual and combined financial positions as newlyweds. You can decide what kind of home you can afford by mapping out your spending plan.

2. Develop a joint strategy

Discuss your expectations as a pair after finding out what your partner wants in a home. Do you already have the required funds for the down payment, or will you need to continue to save? 20% of the selling price of a house is typically sufficient to cover the deposit and

3. Obtain Loan Prequalification

Obtaining a housing loan is your best choice if you don’t have enough cash on hand to purchase a home. To help you define your budget if you don’t yet have a specific house in mind, you should apply for prequalification for a housing loan. This is so that banks and other financial organizations can determine how much money they are willing to offer you based on your ability to pay back the debt and your monthly income.

4. Talk about Your Preferences

You must come to an understanding regarding your choices for the design, size, and placement of the house. Put them in order of priority and write them down. You can decide between a studio in Makati and a townhouse with a two-car garage in Paranaque based on this example and your budget. Do you prefer closeness or distance?

5. Ask for Professional Assistance

You might overlook numerous details, so it would be wise to enlist the aid of experts. You require the knowledge of a licensed real estate broker or a bank loan officer. This person might be able to save you from a flood-prone area or suggest a city that will be a hotspot for real estate in five years.

6. Trust Only Reputable Developers

Choose a home created by a reputable real estate company because, in most situations, a property’s quality correlates to the reputation of its developer. one that is publicly traded and has a track record of timely delivery of high-quality properties. Consider the developer’s after-sales services and sales administration as well. It’s a good thing that you can now read customer feedback and evaluations on their social media sites.

7. Pick Your Community Wisely

Your main priority should be the area’s neighborhood. Make sure it satisfies both your immediate and long-term needs. While it is simpler to alter and manage things inside the home, there is essentially nothing you can do to change the location of a house. Check the number of schools, traffic patterns, and upcoming infrastructure projects online as well as any reported crimes.

8. Prepare money for taxes and fees.

You will not just need to pay the property’s selling price when purchasing real estate (or down-payment in case you are buying through a housing loan). In addition, you have to pay a notary fee, transfer tax, registration fee, and documentary stamps tax. You must additionally pay a loan processing fee, an appraisal fee, and mortgage redemption insurance if you use a housing loan. Remember these other costs as well.

Excitement, worry, a colossal sense of duty, and many other feelings can be triggered by home buying. So before the procedure starts, take your time and make sure you are emotionally ready. Try your best not to become very agitated by the procedure. Although choosing a home is a significant decision that has to be carefully examined, don’t forget to enjoy yourself. It should strengthen your relationship rather than drive you apart.

Things to consider before getting married advices for newly married couple

Relationships are lovely, difficult, emotional, and downright difficult. Each and every relationship is unique. And a lot of married people would admit that marriage is difficult. Why then is something that ought to be so easy so difficult? because it requires effort and commitment. There are, however, certain methods for identifying the positives and negatives in your relationship. You can use these ten factors to forecast how successful your relationship will be in the long run.

1. In general, the “Honeymoon Phase” lasts for a year.

Puppy love is only a phase that passes. It lasts for a year or less, per a 2005 University of Pavia study. After a year of dating, levels of a substance called “raised plasma nerve growth factor,” which is linked to powerful romantic emotions like:

  • higher heart rate
  • being unable to concentrate on oneself
  • concentrating heavily or constantly on your partner

Start to get smaller. These feelings start to wane after a year for reasons that aren’t entirely evident, but they are valid ones. Spending so much time on one person while feeling so anxious is really taxing on your body.

2. You’ll come to understand that you and your lover are not “the same” in time.

Do you now or have you ever felt that you and your lover are nearly identical? Feeling this way in a relationship, or even as though you are completely inseparable, is quite acceptable. You’ll probably begin to notice the changes after you begin living together, though. You each follow various patterns; have varied tolerances for things like what constitutes a clean house, distinct priorities, sentiments, thoughts, habits, and attitudes, among other things. If it hasn’t occurred to you yet, as it begins to set in that you are not the same person, you will ideally learn to love and value your differences more. And speaking of acknowledgment.

3. You’re considerably more likely to stay together if you and your partner value each other.

In any relationship, appreciation is essential. I advise you to daily express your gratitude for your mate in a secret journal that you keep. Try to do this once a week if you don’t have time to do it every day. However, your relationship will get stronger the more thanks you express.

4. The best-performing couples marry for the sake of their love, not because of social or familial pressures.

A 2019 eHarmony poll found that couples who married for love are significantly happier. While another estimate claims that 88% of Americans marry for love, making it the most common reason for marriage.

  • Frequently engage in date evenings
  • More than other couples hold hands.
  • Exercise together
  • possess a vast network of friends
  • have significantly more frequent sexual encounters than usual
  • are more inclined than the average to share drinks in a bar
  • residing in a city
  • have at least two children living with them
  • Are more likely than normal to have attained a higher degree of education and have household incomes that are significantly greater than usual.

5. You’re substantially less likely to have a divorce if you wait to get married until you’re at least 23.

Women who marry at the age of 18 have a 60% higher chance of divorcing than those who wait until they are 23. So, if you’re young, it could be better for you to put off getting married for a while. During these years, you’ll go through a lot of changes, so it’s crucial to watch how you and your spouse adjust to them.

6. The ideal marriage is one where you and your spouse are closest friends.

The most successful unions begin with a friendship. Your marriage is more likely to flourish if you grow close and naturally experience romantic sentiments for one another. You and your spouse should look for companionship in enjoyable pursuits, attainable short- and long-term objectives, intellectually challenging tasks, Netflix and chill days, demanding days, and personal and spiritual development. The intimacy and complete self-gift of marriage might simply create the deepest friendship you’ve ever known.

7. There will unavoidably be significant changes in both of you over time.

Remember when we told you to put off getting married until after you turn 23? This is due to the fact that throughout your lifetime together, both you and your partner will change significantly. These changes don’t stop after you reach your 20s. How well your marriage works out depends on how well you both adjust to those changes.

8. Before getting married, you and your partner need to discuss your respective social media usage.

Whether we like it or not, the majority of us use social media. Therefore, it surely comes as no surprise that as more individuals use social media, couples are having more disagreements and disputes over it. My recommendation is to stop using social media altogether, although some people might find it extreme. If you must use social media, avoid using it in front of your partner if they are looking for your attention (such as a one-on-one conversation or on a date night). Never follow or engage in conversation with ex-partners that would embarrass them. There is a proper method to use social media, as well as a reasonable amount of time, and it is up to you two to decide what that is. Social media can be incredibly damaging to a relationship.

9. There are several levels of compatibility between you and your mate.

Before you were even born, in the 1960s, a Canadian psychologist by the name of Eric Berne developed the transactional analysis, a three-tiered model for analyzing a person’s identity.

We essentially have three interconnected “ego states”:

  • What you’ve been taught, the parent says
  • The youngster: How did you feel?
  • Adult: What you have discovered

On each of these levels, you relate to your partner, such as:

  • The parent: Do we share the same moral principles and worldviews?
  • The kid: Do we enjoy ourselves together? Can you be impulsive? Am I attracted to my partner? Do we enjoy taking trips together?
  • Does the adult believe that my boyfriend is smart? Do we work well together to solve problems?

Although it would be ideal to achieve cohesion across all three of them, we frequently discover that we each have unique strengths and limitations. Your marriage will depend on how you manage certain situations and “balance each other out.”

10. Your marriage is more likely to succeed if both of you are less materialistic.

It doesn’t matter how big or how recently built your house or car is. In the Journal of Family and Economic Issues, a research of 1,310 married people revealed that materialism or placing a high value on money and possessions is linked to decreased marital satisfaction. It’s crucial to place an emphasis on things like quality time and interesting conversation that cannot be purchased.

In the meanwhile, if neither of your partners has enough resources to get started, but you want to settle down with your partners, have a place of your own to raise a family, and construct your own ambitions together. Your future family will love BRIA Homes! One of the top real estate developers in the Philippines, BRIA Homes, offers rent-to-own houses and lots as well as condominiums to newlyweds and married couples.

Written by Bermon O. Ferreras