For if there had been nothing wrong with that first covenant, no place would have been sought for another. Hebrews 8:7, NIV We only emphasize that Christian life we are in is not based on another form of religious ritual but on a covenant. The question is what type of covenant are you in? Is it a covenant of religion or a covenant of love? It should be a covenant of love. Love is a person and that is God (see 1 John 4:16). The covenant we are in is a covenant based on who He is and not on who we are. It's based on what He has done and not on what we have done. When you sign an agreement form, you understand what type of covenant or agreement you are signing in. And this is the reason why still many Christians missed the true essence of Christianity. It's because they don't understand the covenant they are in. In result, many are so called Christians are still living a life like they don't have Christ. There's no real transformation happened. They think Christian...
1. Affordability.
The first to consider before buying a property is your debt to income ratio.
Will you still have enough funds for your other financial obligations? Real estate is a long term investment, especially if you will acquire the property on its maximum term of 20 years in the Bank. I advice that you set aside 30% of your income as your monthly amort before purchasing, so that 70% of your income can still handle other financial obligations.
2. Convenience.
Real estate is truly about location. Expect that the nearer a property to industrialized and business districts, the more expensive it will be. Take note that house and lot properties are more expensive than a condominium unit in developed areas.
If you’re eyeing a property at a business district in any of the developed cities, it will be more affordable to go for a condo unit. However, if you don’t mind commuting or driving for a good 15 minutes to an hour to and from the city center, you can find many more affordable landed properties outside the business districts.
3. Amenities.
The difference between house and lot properties and condo unit, most condominiums offer amenities like pools, playgrounds, function rooms, and gyms that you can’t find in most house and lot properties. Also, they provide more security as they also have 24-hour security and on-call maintenance, on top of building maintenance. However, these come at a cost, where residents have to pay a monthly dues or association fee, ranging from ₱75.00 to ₱100 per square meter or around ₱2,500/mo.
Real estate is a long-term investment, but it is also a stable investment. It provides a great return on investment when it done right. Don't be impulsive in buying a property. Always think about it first.