Location is a Major Consideration in Buying a House

Most of the time, we opt to buy a house because of its fixtures and durability. Sometimes, we also look for a clean environment, harmonious neighborhood and classy style of a home. It all depends on our preferences and capacity to own one. But there is something we should look at and take into high consideration.

House in Caloocan

My husband and I both grew up in Caloocan. My parents used to own a House and Lot in Caloocan. It is located in an old subdivision called Morning Breeze. It is near Manila Central University and Hospital, a short walk to groceries and public market, few steps away from commercial establishments and last but not the least, accessible to all kinds of public transportation. With all these in mind, I can probably say that it is a good location.

Acquired House in Quezon City

Amidst all the persuasive and convincing features and settings, we decided not to buy that house in Caloocan City. Instead, we put our investment and bought a house and lot in Quezon City. We considered that house and lot in Quezon City because of these three factors:

1. Location- in terms of conveniences we need to do our business and to raise our children. We've chosen a place that is near to our workplace, our children’s school and accessible for a weekend getaway or family time.

2. Location - in terms of property value, we chose a smaller house and lot in Quezon City even if we could buy bigger house and lot in Caloocan City for the same price. Our house and lot in Quezon City has a better neighborhood and vicinity. Besides, our subdivision is secured and safeguarded. 

3. Location- in terms of investment potential, we chose our house in Quezon City because it is in a subdivision and next to a number of upper class subdivision. We applied the real estate’s principle of progression which states that the value of under-improved property in a high value neighborhood is perceived higher than its actual cost.

When buying a house, we should always know its pitfalls and downsides. You might get a big house, affordable and convenient but is the location acceptable? Will you find fulfillment ad satisfaction in the location of your house in the long run? Let’s always stretch our minds. Let us always think the long-term effects of our own decisions because we are highly responsible in every move we make.

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