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Is buying a house practical?

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oragon

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Lot lng sir and kumuha ako ng 1 foreman , 2 skilled @ 4 helper at yong house plan punta ka cityhall eng opis ask ka gagawa ng plano mo then sila na bahala mag pa approve (di po fixer yan legal yan sign & stamp po yan)


jefsanity

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Lot lng sir and kumuha ako ng 1 foreman , 2 skilled @ 4 helper at yong house plan punta ka cityhall eng opis ask ka gagawa ng plano mo then sila na bahala mag pa approve (di po fixer yan legal yan sign & stamp po yan)

wow hands-on ka sa pag-pagawa sir! galeng! nagka-idea tuloy ako! ilang sq. mtr lot mo at floor area? magkano inabot..


Mjm

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Hello po  sainyo. Magpapagawa kami ng 200 sqm 2 storey house . Yung engineer na gumagawa ng plano, tatay nya magiging foreman po. Sabi sa amin ng foreman dapat daw 6 skilled ang kukunin nya at 6 laborers.   At gagawin daw ang bahay mga 4-5 mos. Tanong ko lang po kung ganun ho ba alaga dapat karami ang skilled workers.sabi pa pag nagbuhos daw po magdadagdag daw pa ng tao. Need your opinions po. Salamat!


firstandlast

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^ It depends po sa design ng 2-storey house niyo at sa panahon ng pag-gawa. Kung tatamaan ang rainy season, baka mas matagal pa. But 4-5 mos. po ay mabilis na po yan based sa normal design. 6 skilled workers at 6 laborers is just ok. Daily po ba yung contract niyo or lump sum? May disadvantages po kasi pag daily at lump sum. Dapat po close kayo nung engineer at foreman para po hindi kayo dayain. Pag daily po kasi, pwede nilang tagalan ang trabaho. Pag lump sum naman, pwede nilang bilisan ang trabaho at hindi po magiging pulido ang gawa. So, dapat po ay reputable yung foreman at engineer.


Mjm

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mag ama po ang engineer at foreman. Katunayan po kamag anak ng aking asawa. Mag sstart po construction ng middle ng march. Salamat po sa reply.


Mjm

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Daily po ang bayad sa mga workers. Sa amin po lahat ng materials.


IGX

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Sa QC likod ng SM north malapit EDSA, Isa sa mga reason kung bakit kmi natagalan mag upa ay nagaantay ng tiyempo, nagbabakasali na may ebintang lote malapit sa lugar namin, sa loob ng 6-7 taon kaantay at iipon nakakuha din (lot price=25k/sq.m), ingat ka nga lng kc dtulad sa probinsya, pag nakasundo kayo sa price fix na , sa manila nagkasundo na nga kayo lahat2x  @ may deed of sale na back-out pa kc may nakitang mataas na buyer si seller. :hihi:

good deal ka na sir ganda location mura na yan for the location


jenofstructures

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Parang mabilis yang 4-5months for 200 sq.m. Depende rin pala sa kung ano yung gagamitin mo na materials

Ano ba size ng floor plan mo?

Ingat din sa contract baka kasi ang nakalagay lang don basic lang na framing. Tapos pag nagpagawa ka na ng tiles magpapadagdag pala sila, tapos additional nanaman kapag nagpapintura ka. Aesthetics pamandin ang matagal at mahal


nightwatch

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Marami yang 12 na workers.  Kung kumpleto sa gamit and hindi naman mano mano ung paghalo at pagbuhos ng semento, mabilis lang ung house structure.  Ung slab is just a few hours now.  Umaarkila lang ng mga ready mix concrete na trak tapos within a few hours lang tapos na yang slab mo. 200 sqm floor area, maybe 8 workers for 4 months for the structure (including ung plumbing, bubong, and plastering).  Tapos mga 4 or 5 workers na lang sa finishing for say 2 months.
« Last Edit: Feb 19, 2019, 01:23 PM by nightwatch »


Mjm

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Salamat po sa info. So bale 4 na skilled workers po at mga 4 din ba ang laborers. Ok na po yun.  May cement mixer daw po sila. Yung pag nagbuhos sila magdadagdag na lang daw ng taong tutulong ulit.Sa probinsya po yung patatayo tapos mga workers manggagaling pa sa malayo.  pinoproblema pa nila kung paano dadalhin yung mixer daw at gusto pa magpabayad ng pamasahe nila. Yung sweldongninask nila yun nman ibibigay namin


Mjm

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200 sqm po with deck. 4 bedrooms with 2 t&b po.


taski24

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Buying a house is never practical. It is almost always an emotional decision.

Yes, shelter is one of the physiological needs according to Maslow,
but anything over and above a house that gives you shelter is a  hype.

Let me explain. If you are familiar with Robert Kiyosaki, of the Rich Dad, Poor Dad fame,
he gave a more realistic definition of assets and liabilities.

Liabilities are those that take money out of your pocket.

Your house is a liability because it takes money out of your pocket in the form of mortgage.

Even if you pay for it in full (if you have the capacity to pay it in full), it is still a liability.

Money will come out of your pocket in terms of association dues (if you are in a condo or subdivision), maintenance costs, and real estate taxes.

Your house will only stop becoming a liability if you rent it out.

Given that you are still single and you are still young,
I highly recommend that you just keep on renting for the moment,
and invest the money you save in high performing assets (stocks, mutual funds, or whatever rocks your boat.)


nightwatch

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^On a purely financial point of view, yes probably, it's a liability.  But, what if you loose your job and you have a good size family or the land lord doesn't want to renew you contract? Had this experience before so I realized the importance of having my own house.  No rent to pay, no contract to expire, no landlord,  I can do all the things I want in the house. 

Bought a house way back in 90's for 1M and lived there for almost 20 years. Bank amortization is around 9K while rental during that time is around 10K.  Rental in that place is now is 18K.  So Amortization (9k) is less than Rental (10k) at the start.  After 10 years, the house is paid, no more amortization.  Rental is zero in other words.  That was in 2008 where the high performing assets you mentioned just took a deep dive.  Imagine I have extra 9k to buy stocks monthly.  BTW, house is worth 3M now.  So, is buying a house practical?  It's all up to you, but I'm not going to deal with landlords again, no one's going to force me to leave the house, and... I Just Bought a New One. How?  Remember, I'm practically saving around 18K from rental that I can use to Amortize the new house.  Again, still not renting on the new house, just paying Amortization.


Now consider this one, buying a condo unit at BGC for 4M  5 years ago.  Condo is now worth 9M.  You can easily sell for 7M.  Look at the mutual funds performance for the past 5 years http://www.pifa.com.ph/factsfignavps.asp.  So, where do you earn more?


To summarize, if buying a house is practical or not, it all depends on the time element you are looking at.  It can be not as I illustrated above. Like if someone will tell me buying a house in 2008 versus buying stocks, buying stocks will win hands down.
« Last Edit: Feb 21, 2019, 05:27 PM by nightwatch »


leomar

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pwedeng liability ang house and lot on one perspective pero how about sa networth angle?
habang binabayaran pa yung bahay, nagbibuild naman ng equity sa asset side...
once fully paid na yung bahay, 100% equity na yun, aside sa HOA na binabayaran kung meron man, ano ang networth ng owner?
so kung rented pa, may cashflow na, mataas pa ang networth ng house owner...

sa financial view pa lang ito... 


IGX

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^

I never consider properties as part of my net worth.  D mo naman maliliquidate agad yan.  Cash is still king. 

Pero may point si sir @nightwatch, although may bahay kami, when I started working I wanted to buy a house, it costs 1.4M 2 storey 1 parking with attic.  Hindi ko intinuloy, instead I left home and rented just one block away from home, my rent for 10 years cost me 1.8M, asa huli na nung narealize ko, sana binili ko nalang ung 1.4M na bahay, sarili ko pa yun.


 


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