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Apr 23 19, 12:10 pm

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7 tips to help first time home buyers get their dream property

by | Feature, Property

Apr. 23, 19 | 12:10 pm

One of the most common goals of every Filipino expat is to buy a dream home for themselves that their families back home can live comfortably in.

This is one of the many reasons why thousands of Filipinos gravitate towards the annual Philippine Property and Investment Exhibition running on its 7th edition at the JW Marriott Hotel at Deira in Dubai this coming April 26-27, headlined by two of the country’s leading property developers: Greenfield Development Corporation and Ayala Land Inc., among others.

If you’re buying a property for the first time, here are the top 7 things you should always keep in mind envisioning the perfect place for your new home:

Condo or House and Lot? This is the first question for you to answer – most first-time home buyers determine their needs first if they’re looking on a place to enjoy a vacation that’s accessible to majority of amenities or perhaps an escape away from the fast-paced, busy city life at a home in the provinces.

Pricing. Make sure that the price of your home is something you definitely have money to afford in the long run. The monthly amortization should be manageable as you will be paying for it for many years.

Your developer should be trustworthy. Your best bet when buying your first home is to opt for developers whose names are already established in the real estate business. This includes top notch district developers like Greenfield Development Corporation and Ayala Land Inc, as well as notable property providers like Federal Land, Aboitiz Land, Green Circle Realty, Robinsons Land Corporation, Sta. Lucia Land Inc., and SMDC.

Visit and inspect your location. Seasoned property buyers advice visiting the location at different times of the day for you to see what your future home looks and feels like, especially during the rush hour. You should also consider finer details such as thinking if you really need a house huge enough to host parties for many people or just a private space for your family to unwind and relax.

Explore the area within the vicinity. After looking inwards, you now have to check out the area near your home. Once you have pinpointed a location, you should take some time to check the surroundings proximity to possibly hazardous areas including bodies of water for flood risks, distance to airports, fire stations, hospitals for noise and sirens, agricultural areas that might bring odors, dust, airborne problems, and more.

Views and amenities. Think ahead: Five, 10, or even 15 years down the line – what will be the views outside your window or perhaps the amenities nearby your home that would be convenient? You should also consider having a quite comfortable distance from your nearest neighbor – not too close to compromise your privacy, but not too far as well for emergency cases when you might need to help out each other.

Get feedback from friends. Learn about the experiences of your friends who have already purchased their properties and are now living in their new homes – what experiences they have to share as well as the tips that they wished they knew before they bought their new property.

It’s back! The longest-running, most trusted and biggest Philippine investment event in the Middle East region, Philippine Property and Investment Exhibition (PPIE), has helped thousands of OFWs own their very own home. Be part of PPIE 2019 on April 26-27 at the JW Marriott, Deira, Dubai to reach your aspired home. Like @ppieuae on Facebook to get tips and alerts on unbeatable deals.

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

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