Owning a house and a lot is almost everyone’s goal in life, right?
Getting a career after college, saving up money to buy that lovely, homey, and affordable house and lot you have all been dreaming of.
Well, buying a property takes a lot of decision-making, effort, and energy but did you know that there are five advantages of buying your own affordable house and lot?
Here are the 5 advantages of buying your own affordable house and lot in the Philippines:
- Save money and time for construction
- Design variety
- House and lot loan (house and lot is treated as one in house loan)
- Value appreciation of a house and lot is higher
- The convenience of move-in-ready units.
Advantage # 1: Save money and time for construction
Imagine when you inquire about that vacant lot for sale, the feeling that you are almost near to achieving your dreams. It may be the truth, yes, but that is just one step in getting closer to your dream house. Have you ever considered how much more money you need to save to build a house in that vacant lot for sale, right? Maybe you need at least half a million pesos, a rough estimate for that vacant lot. Great job in purchasing your first vacant lot for sale.
Your second step after acquiring that lovely vacant lot for sale is to save up money for the construction of the house. Let us say you were able to have the money for building the house, your third step is to purchase the construction materials. Since you are building your dream house, you are aware of spending your money most economical way. Of course, you source out and buy your construction materials. (Heads up Time-consuming in looking for the best suppliers in the market) You can negotiate it with the contractor you are hiring.
But be sure in doing this step you are ready to take on a lot of stress in planning to build your own dream house.
Let us say you manage to save the money for purchasing the lot and construction materials. The fourth step is planning. You hire your construction manager and your best architect to build your dream house. After 3 to 5 years after acquiring that vacant lot for sale, finally you were able to build your dream house.
You can see that buying an affordable house and lot has the advantage of saving money and time for construction. Bria Homes, one of the leading housing developers in the Philippines is primed in bringing affordable house-and-lot packages to prime locations nationwide.
Owning an affordable house and lot in Bria Homes also include amenities that you can enjoy as first- time house and lot owners. It includes a multi-purpose hall, covered basketball court, and landscaped garden. The community is guarded and has CCTV cameras within the perimeter.
This house and lot for sale can range from 550,000 to 1.6 Million depending on the location of your choice.
Also, Bria homes are available through Pag-ibig housing loans and a bank housing loan.
Interested homebuyers can immerse themselves through Bria’s 360 Virtual Tours in www.bria.com.ph and inquire online through our Facebook page at www. Facebook.com/BriaHomesInc.
Imagine that owning an affordable house and lot in Bria Homes gives you the advantage of helping you save the money and time for construction less the stressful too.
Advantage # 2: Design Variety
When building your dream house, you design your own house at your own expense. You pay the best architect in town only to design a house that is suited to your preference.
The second advantage of buying your own affordable house and lot is design variety.
One of the many reasons why residential houses and lots are selling like hotcakes is the design varieties.
Affordable houses and lots can have a different blueprint that can suit your taste as a buyer.
Rowhouse style of housing is also known as clustered housing. These are homes that are in a row and share common walls, but each unit has the same floor area. Usually, the developer clustered 4,6,8 up to 10 units per row. Normally the end unit lots benefit from larger lot areas.
This type of house is best for the couple that is just starting a family and, also best for retirees like OFWs.
Of course, purchasing an affordable rowhouse has its pros and cons.
The pros of purchasing a rowhouse type of home are it is comfortable and convenient. It offers the right size of living space for a family that is just starting. It is less expensive compared to living in a condo unit.
The downside of purchasing a rowhouse type of home is it gives you a limit to make expansion and renovations because you have less interior and exterior space. Also having a shared wall can be a noise distraction too, especially to barking dogs, loud music, or perhaps a crying baby. Be sure to take a lot of patience when this happens in your neighborhood.
Bria Homes, being one of the affordable housing developers in the Philippines, promotes green living and healthy living in its communities. Bria homes also design eye-catching and trendy homes that are within modern architecture. Elena Rowhouse is at 22 square meters unit on a 36 square meter lot. The price of Elena rowhouse ranges from less than half a million to almost 1.2 million pesos.
Bettina Townhouse is a two-story townhouse that is at 44 square meter unit on a 36-meter lot. The price of Bettina Townhouse is at Php 780,000 to almost 1.2 million pesos.
Another design to consider in buying an affordable house and lot is the single detached. It is called as such because it is detached from any side of the lot, thus having open space on each side. The house is in the middle of the lot. This type of design is best for growing families.
Buying single-detached homes has also pros and cons.
Single-detached homes are typically larger in front and have backyard areas. You have the freedom to pump the music loudly as there are no shared walls. You do not have to worry about the crying babies or barking dogs. You own your privacy within this type of home.
This type of design also gives you a lot of space as a homeowner. You have more space for the garage or attic. There is also more room for you to expand and renovate.
The downside of purchasing the single-detached house and lot homes are the higher maintenance cost. Larger spaces mean higher maintenance. It is expensive to keep a single detached property compared to a row house or townhouse.
Buying your own affordable house and lot in Bria homes gives you the advantage of design variation. To explore more of the modern architecture and designs of Bria homes, this developer have more than 50 project developments across the country’s most progressive towns and cities. Bria homes can be found in: Mariveles, Bataan; San Fernando, Pampanga; Magalang, Pampanga; San Jose Del Monte, Bulacan; Malolos, Bulacan; Sta Maria, Bulacan; Norzagaray, Bulacan; General Trias, Cavite; Trece Martires, Cavite; San Pablo, Laguna; Calamba, Laguna; Sta. Cruz, Laguna; Teresa, Rizal; Binangonan, Rizal; Baras, Rizal; Pili, Camarines Sur; Calbayog, Samar; Dumaguete, Negros Oriental; Cagayan De Oro, Misamis Oriental; Balingasag, Misamis Oriental; Manolo Fortich, Bukidnon; Panabo, Davao Del Norte; Tagum, Davao Del Norte; Digos, Davao Del Sur; General Santos, South Cotabato; Kidapawan, North Cotabato; and many more on the works.
Advantage # 3: House and Lot loan
One of the advantages of buying your own affordable house and lot is having a house and lot loan – whether through Pag-ibig financing or bank loan financing.
But what exactly is a home loan? And who is qualified to get the loan?
What is a home loan?
A home loan is applied to any bank, lending, or financial institution to help you financially in acquiring or improving your property or house.
A home loan is considered when you seek to buy the need for a decent shelter for yourself or your family.
It is merely borrowing money with interest rates over for a specific period -of- time.
To understand better, there are types of home loans that are available from your bank or financial institution.
Home Purchase Loan
Home purchase loans are for people or couples who are planning to buy an affordable house and lot, condo units, or properties. This is the most basic type of borrowing money from the bank. Some banks would offer seventy to eighty percent of the appraised value of the property in a form of a loan.
There are two kinds of home loans: Conventional Home Loans and Flexible Home Loans
A Conventional Home loan requires you to have to follow requirements as a borrower:
Fixed monthly payments for a specific period or term
Home loans with a loan tenure of up to 20 years for a maximum of Php 500,000.
The borrower has the power to manage his finances well because the payments are predictable, also this type offers a repayment scheme.
Another kind of Home Loan is a Flexible Home Loan. For this type of loan you have to follow requirements as a borrower:
Flexible loans are tied to a current account.
Borrowers can reduce their home loan interest every time they deposit cash into their current account.
Borrowers can also start their principal repayment anytime they want.
Home Improvement Loan
These are loans that are meant for people who want to improve the houses they own or inherited. This loan is usually granted if the borrower owns an ancestral house and wants to renovate it.
Home Construction Loan
This type of loan is suited for building your own dream house (See Advantage #1: Save money and time in construction)
If the borrower considers building their own home according to their needs, design, and specification, you need first some money to buy land, and then more money for all the construction costs (architect, manpower, construction materials and, permits).
If the borrower also purchases a lot and wants to build a property on it, this is also the kind of loan you need.
Applying for a home loan can be tedious, complicated, and frustrating because of the documentation and paperwork. To take advantage of this, always do your research in terms of the process and the benefits of having a house and lot loan.
BRIA Homes house and lots can be availed using home loans from RCBC, Unionbank, Allbank, BDO, Chinabank, Maybank, UCPB, Robinsons Banks, Security Bank, and PNB. Information on the interest rates and minimum loan amounts for these banks can be accessed on their website. Most of these banks also have online loan calculators that clients can use to see how much money they can borrow and the monthly payments they will have to make based on their income.
Government financial institution
This is another financial institution where you can avail of a home loan is through Pag-ibig housing loan.
As a borrower, you must be a member of PAG-IBIG with a completed contribution of at least 24 months. This type of loan is known for its low-interest rates and flexible paying terms.
To learn more about the process of availing of this loan, Here is the complete guide on how to avail Pag-ibig Housing loan.
Whatever house and lot loan you choose, Bria homes will help you purchase that dream house you have all been dreaming of.
Advantage # 4: Value appreciation of a house and lot
According to the website, Investopedia, Land appreciates because it is limited in supply, as the population increases, so do the demand for land, driving its price up over time.
Over the years, the value of the house and lot appreciates thus this is an advantage when buying your own affordable house and lot. There are three (3) major factors that determine the real estate appreciation.
Land appreciates its value. It is somewhat related to the increase in population. As the population constantly increasing, more and more people need houses and lots to stay and live, thus more and more properties are being built, the land becomes more and more expensive
Bria Homes develop lands that are near the proximity of commercial establishments, hospitals, schools, major roads, and highways. Bria Homes can be found in Calamba, Valencia, Dumaguete, Ormoc, and Davao.
The more developed the location, the higher the value of the property. Infrastructures, roads, and accessibility of the property help in the appreciation of the real estate.
One of BRIA homes Core Values is location. All house and lot and house and lot for sale of BRIA homes are strategically located within the proximity of commercial establishments, hospitals, schools, major roads, and highways.
Infrastructure within the proximity of the property is one of the determinants of value appreciation of real estate. Buying a house and lot for sale can be a good strategy if you want the property to appreciate its value.
To learn more about investing in Philippine Real Estate. Click here
Advantage # 5: Convenience of move-in-ready units.
For couples who are just starting a family or families that are growing or to the hardworking Overseas Filipino Workers who want to elevate their lifestyle and to have that life- long dream home, a house and lot is a long-term investment that allows them to live well.
Imagine the excitement of having the house key into your hands. The jingling sound of the key opening the door of your newly bought house, felt wonderful isn’t, it? It would be more ecstatic once you move in effortlessly at your most convenient moments.
This is one of the most fulfilling advantages when buying your own affordable house and lot – the convenience of moving into an affordable home with modern architectural design.
Bria Homes are offering house and lot packages that are ready for occupancy (RFO). Not only that you bought the house and lot, but you will also enjoy the features Bria homes offer to their homeowners. Their amenities include the multi-purpose hall, covered basketball court, and the landscaped garden. The community has a guarded entrance, 24/7 CCTV coverage, and a perimeter fence.
BRIA Homes is a subsidiary of GOLDEN MV Holdings, Inc., .one of the largest real estate companies in the country. BRIA Homes is primed to bring quality and affordable house and lot packages and condominium units closer to ordinary Filipino families. This is the goal that drives every single employee in the company, for which the ultimate fulfillment is seeing a client happily moving into BRIA’s homes.
To know more, visit their website at www.bria.com.ph, like and follow “Bria Homes, Inc.” on Facebook, Twitter, Instagram, YouTube, Pinterest, Spotify, Viber Community, Telegram Channel, Kakao Talk, LINE and WhatsApp, or call 0939-887-9637.