When deciding to buy their dream house, many OFW homebuyers experience the problem of where to begin. Let’s admit it: envisioning your dream house is easy, but the actual planning and preparations are harder when money is involved. Here’s a list of ultimate life hacks for OFW home buyers that will serve as your helpful guide in choosing and purchasing your dream home.
Home: The Ultimate OFW Dream
Every Filipino family has a clear picture in their mind when they think about having their own dream house. Overseas Filipino Workers (OFWs) are modern-day heroes that endure so much time working away from home to be able to provide their family’s dream house someday. For them, providing shelter, food, and necessities for their loved ones will always be worth all their sacrifices.
Many OFWs want to provide their families with a comfortable and safe place to live, especially if they are currently living in rented or inadequate housing. They may also want to be able to return to the Philippines one day and have a place of their own to stay.
Estimate the cost of your future home
Start by considering the cost of your future home. It usually starts by knowing where you want to live. Always research on the real estate value of the area where you desire to build your home and project the current figures to determine the price of your dream house. Estimating the cost of the house compared to having a broad and abstract goal will make it easier for you to plan and save. After finalizing the amount, the next step is for you to save money on investments that will help you purchase your dream home.
Visualize your goal of homeownership
It is essential to envision your dream of homeownership to prevent spending on other things that are not necessary. Motivate yourself to work hard for you and your family’s dream home to come into reality. Get all the motivation and inspiration by displaying a picture of your dream house or even your family’s picture to help remind you of the goal that you want to achieve.
Always control your cash flow
Ensure that you are not spending more than what you earn. Keep track of your expenses and find more ways to save more money. You must also focus on different ways to improve cash flow. Do not limit your finances to what you earn but expand it by having small businesses, online selling, and other investments that are safe and beneficial for your savings. Having multiple streams of income will help you purchase your future home.
Have a short-term and life term goal
It is important to have short-term and long-term life goals. Always have an action plan in mind, and imagine yourself and your family five to 10 years from now. Start by taking small steps and try to achieve your short-term goals first. Once you achieve them, try to look at the bigger picture and make an action to turn your long-term goal into a reality.
Choose a good real estate developer to guide you every step of the way
No one can say that buying a house is easy, for it is a long process. That is why when it comes to choosing a house that best suits you and your family, a good real estate developer can be a huge help. Experts can talk to you about the entire home-buying process and connect you with contractors that can visualize your dream home, too.
Once you are ready to build the best dream house for you and your family, make sure that you are in the right hands. Vista Land International is an internationally-renowned real estate developer that focuses on building the best residential developments that are perfect for OFWs aspiring to build their dream homes.
Home is where your heart is, and a good home for you and your family is a home that best brings a sense of stability and belongingness to a community. Vista Land International is reaching out to all our “kababayans” all over the world to provide an easy and convenient process of owning their dream home.