I don't want to wait for the pandemic to end and just notice that my kids were grown up already. Finding a home in the suburbs is an idea that has been playing on my mind. I also recently read an article from Wall Street Journal, which states that those less popular places where there are strong local economies are more ideal now for investment. The article is for the UK market, but it's very relatable to what's happening in the Philippines. The first place that came to my mind was Nuvali in Sta. Rosa, Laguna as it gives the provincial life feels with all the nature surrounding the area, but with a little feel of the city with all the businesses and establishments, you can find there.
That got me thinking of the money we have to allot for a property in that location. Are we ready to own a house and lot there already? It's hard to admit, but I'm not familiar with calculating my payments and loans. It's a good thing that I've discovered this site, https://www.mortgagecalculator.uk/, to help me do all those computations. It's a UK-based website, but the math is just the same so I was still able to use it to compute the payments for my targeted properties. What's very helpful about it is that it also has estimating affordability and loan overpayments too. I'm very mindful of each aspect of where my money goes, so these added features are a blessing for me.
With the results that I got from that online calculator, my husband and I saw how feasible that dream place for our family is. We were also able to talk about the factors that we need to address in order to afford it. We're the type of people who need to know the computations and numbers already before talking to a real estate broker and bank personnel.
This is already a great start in making a big move as a family. As long as we're mindful of where we are investing our money, we are one step closer to achieving our dreams.