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| Green Plains |
Owning a
house is one of the best investments that a family can make since provides
security as well as potential profit in the future. Deciding to purchase a
house is one of the biggest, if not the biggest decision that any family can
make. Heck, it may even be the only major decision that anyone can make. This
is especially true to heads of middle-income families who have to deal with
other financial responsibilities associated with raising a family.
Although
there are numerous options available for families looking to own property that
they can call their home in the future, one major factor that affects the
decision in purchasing a piece of property is the cost. Living within Cebu City
is quite costly with the rising prices of properties inside the city. The same
thing can be said for properties within Metro Cebu or in cities and other
locations around Cebu City such as Mandaue City, Talisay City, Consolacion,
Lapu-Lapu City, and even Minglanilla. Due to this, it is essential for
potential home owners to weigh out the advantages and disadvantages of
purchasing any piece of property,
The price of
any property will depend whether or not the property is still on its
pre-selling stage or is already ready-for-occupancy. Properties that are still
on their pre-selling stage is actually cheaper than ready-for-occupancy
properties. The main reason for this is the fact that these properties are not
yet livable or are still under construction. On the other hand, properties that
are ready-for-occupancy are properties that are already, well, ready for
occupancy or the buyer can move in once the down payment is made.
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| MiVeSa |
The main
advantage of purchasing properties that are still on their pre-selling stage is
the price. More often than not, the prices of these properties are at least
twenty to thirty percent cheaper than properties that are ready-for-occupancy.
However, potential home owners will have to wait for the property to be
finished before they can move in.
This is
actually good for buyers who may not have the cash ready to pay for the equity
or the down payment of the property. Normally, the property buyers are given
twenty four months or two years to pay for the equity. There are even some
property developers offering a down payment period stretching to thirty-six
months or three years. But, one major drawback for buyers is that they will
spend more each month since they will have to deal with their monthly rental
for the place they are currently staying in while paying for the down payment. Due
to this, it is essential for buyers to consider whether or not it is more
cost-effective for them to purchase properties at their pre-selling stage or
purchase ready-for-occupancy properties. This situation is actually advantageous for
people already living abroad and planning to purchase properties in Cebu City.
They can purchase properties at their pre-selling stage while continuing to
work abroad and once the property is already finished, they can return to Cebu
City and enjoy the fruits of their labor.
However,
there may be some instances where the down payment of a particular property is
low since the total contract price of the property is low. This will be
advantageous for people who are temporarily renting a house within Cebu City
since the down payment may not put a major dent on their finances.
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| Shine Ville 2 |
Purchasing
ready-for-occupancy properties is another option for potential home owners. All
they have to do is to pay for the down payment and they can move into the
property already. It is essential to take note that the down payment should be
fully paid before they can move in. This situation is beneficial for people who
have money set aside for the down payment of properties they want to purchase. However,
for most of us who may not have the cash ready to pay for the equity or the
down payment, we will have to continue paying for the down payment before we
can move into the property.
The major
factor that affects the decision of anyone in purchasing properties is the
cost. Due to this, it is important for future home owners to weigh out the pros
and cons in purchasing the property. They should take into consideration the
monthly expenses, especially if they cannot pay for the down payment at one
time.
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| Apple One Banawa Heights |
For me, I would rather purchase properties that
are still at their pre-selling stage since the price is cheaper. It may be
possible for property prices to increase by twenty to thirty percent once the
property is already ready for occupancy. There may be instances where the price
may go up by as much as fifty percent. Since I do not have the cash to pay for
the down payment at one time, purchasing the property at its pre-selling stage
may be more cost-effective for me than purchasing a property that is already
ready to be occupied. Although my monthly expenses will increase due to this, I
can have the peace of mind that after two or three years, I will have a house
that I can finally call my home.
