{"id":9680,"date":"2024-09-19T08:55:44","date_gmt":"2024-09-19T00:55:44","guid":{"rendered":"http:\/\/zestmag.com\/online\/?p=9680"},"modified":"2024-09-19T08:56:06","modified_gmt":"2024-09-19T00:56:06","slug":"things-to-consider-when-getting-your-first-property","status":"publish","type":"post","link":"https:\/\/zestmag.com\/online\/things-to-consider-when-getting-your-first-property\/","title":{"rendered":"Things to consider when getting your first property"},"content":{"rendered":"\n

For many, acquiring their own home seems far-fetched, but with the influx of many property developments, many dared and succeeded in getting one. If you’ve been working for a few years and are looking to invest in your future, now could be the perfect time to buy your first property.<\/strong><\/p>\n\n\n\n

The pandemic has\naccelerated the desire for homeownership, especially among millennials and Gen\nZ professionals. With people working remotely and spending increased time at\nhome, they have developed a heightened appreciation for personal space and home\ninvestments. Many young professionals are now entering the housing market, with\ncondominiums being a popular choice for those seeking modern, convenient living\nspaces that match their modern lifestyles.<\/p>\n\n\n\n

Things\nto consider before buying your first property<\/strong><\/p>\n\n\n\n

Accessibility\n<\/strong>– When choosing a property, consider its proximity to your workplace\nand public transportation. A condo near major transport hubs, like the LRT or\nMRT, can save you time and money on your daily commute.<\/p>\n\n\n\n

Amenities\nand Lifestyle Fit <\/strong>– Your lifestyle should guide your condo\nchoice. Many modern developments cater to young professionals and couples with\nfeatures like co-working spaces and fitness centers. Consider these factors, as\nthey can greatly enhance your living experience and convenience.<\/p>\n\n\n\n

“I always wanted to have my own place,\nbut with my salary of around \u20b144,000 a month, I wasn’t sure if it was\npossible,” Kyla, a 30-year-old marketing professional shared. “But\nafter researching different options, I realized that condos were a great fit\nfor me. It is secured, near my work area, and has amenities that I can\nenjoy.”<\/p>\n\n\n\n

Kyla added, “Finding home loan options\nthat suit my budget is a win. It feels great and fulfilling that I get to\nrealize one of my bucket lists of owning my own space.”<\/p>\n\n\n\n

Unit\nSize and Future Needs<\/strong> – Think about your long-term plans when\nchoosing a unit size. If you’re single or part of a couple, a smaller space\nmight suit your needs. However, if you foresee starting a family, consider how\nmuch space you\u2019ll need in the future to accommodate this lifestyle change.<\/p>\n\n\n\n

For Marj (32 years old) and Ken (33 years\nold), a newly-wed couple, getting their own space is a must. \u201cAfter months of\nsearching and planning, we finally found the ideal unit that we could call our\nown. We really saved up for our down payment and searched for a bank that could\ngive us reasonable loan options. We get to enjoy our own space without the need\nto stretch our budget. Our combined salaries really made a difference on this\njourney,\u201d the couple shared. <\/p>\n\n\n\n

Pricing\n<\/strong>– Condo prices can vary based on several factors, including the type\nand size of the unit. Pre-selling units tend to be more affordable, making them\na popular choice for first-time buyers, while ready-for-occupancy condos are\ntypically priced higher due to their immediate availability.<\/p>\n\n\n\n

“I\u2019ve been sharing a rented condo unit\nwith a friend for a few years already, so I thought that maybe it\u2019s time to get\nmy own space.” Sarah shared, a 28-year-old graphic designer with a salary\nof \u20b138,000 per month. “With my studio unit, it provided the perfect\nbalance of affordability and privacy. Not only that, I get to be more creative\nwith having my own space.”<\/p>\n\n\n\n

Financing\nYour Dream Condo<\/strong><\/p>\n\n\n\n

For many young Filipinos,\nespecially those in the early stages of their careers, condo ownership might\nseem out of reach. However, with proper financial planning and the right home\nloan, you\u2019ll be surprised at how simply attainable it is. <\/p>\n\n\n\n

PSBank offers a range of\nhome loan products with faster approvals, flexible terms, and attractive\nbenefits. Their streamlined process, which provides credit decisions in as\nlittle as one day*, ensures that buying your first condo can be hassle-free.\nWhether you\u2019re purchasing from pre-selling developments or ready-for-occupancy\nunits, PSBank home loans make condo ownership accessible and convenient for\nyoung professionals.<\/p>\n","protected":false},"excerpt":{"rendered":"

If you’ve been working for a few years and are looking to invest in your future, now could be the perfect time to buy your first property.<\/p>\n","protected":false},"author":3,"featured_media":9681,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[2018,2006,2042,891],"class_list":["post-9680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-product-showcase","tag-banking","tag-psbank","tag-real-estate","tag-real-estate-investment"],"_links":{"self":[{"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts\/9680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/comments?post=9680"}],"version-history":[{"count":1,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts\/9680\/revisions"}],"predecessor-version":[{"id":9682,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts\/9680\/revisions\/9682"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/media\/9681"}],"wp:attachment":[{"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/media?parent=9680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/categories?post=9680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/tags?post=9680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}