What do you consider in owning a house?
By shevic
@shevic (3)
Philippines
July 27, 2008 4:35am CST
Planning to have a home to be called own, I wonder how would I consider the best factors to think about.
With a limited allowable house loan budget of more or less half a million pesos, what factors will you consider... Thanks in advance...
2 responses
@crazy286 (269)
• India
27 Jul 08
the first thing i consider is is that house comfortable for me and my family. is it actually in the location where i want to live and is it secured. then comes the cost of the house and other facilities. then i will change the look of the house according to the taste of my family and settle down.
1 person likes this
@spalladino (17891)
• United States
27 Jul 08
The mortgage payment on your home should not be more than 30% of your monthly income so that is the most important thing to consider aside from location. If you have or plan on having children you want to live in a good area and have good schools available for them to attend. Owning a home is still the best investment you can make. I have seen the housing market rise and fall a couple of times but you can alawys make money on real estate because the value of your home and property goes up every year.
