From keeping up with crazy work schedule, applying for government IDs to paying phone bills and maintaining an epic Instagram account, being a grown-up is tough. But the thing that’s probably most intimidating about adulting is the decision to move out of the family home.
Although Filipino culture doesn’t put too much pressure on adult children to get their own place immediately, it’s something that’s going to happen sooner or later. And for a lot of people, it’s a frightening leap, even though they have a pretty stable job and some good savings.
If you’re thinking about getting a place soon, here are some of the things you need to consider:
One of the biggest sources of anxiety for most young people is the fact that there are too many options in the metro. The best way to deal with this is to assess your lifestyle priorities, so you can narrow down your search.
If your priority is to be near work opportunities, condo units are your best bet. Most condos are situated in key business districts, or at least near public transportation systems.
If your priority is to maintain an active lifestyle, condos offer amenities, like swimming pools and gyms, that let you do such. If you’re planning to raise a family soon, you could choose a condo for sale among the many properties Sucat developers offer, which provide family-friendly facilities.
In terms of financing your place, you have the option to buy or rent. For the former, home loans can help. Just be sure that your current credit standing is good. For the latter, ask the landlord how much your down payment will be.
Take into consideration also the costs of maintaining the home. This includes electricity, Internet connection, water, food, and so on.
The important thing here is to have at least some sense of financial security before you buy or rent. You should have a ‘home fund,’ setting aside a portion of your income every month to hit your target budget.
Decide whether you want a bare, semi-furnished, or fully-furnished place. Each one has advantages. A bare place allows you to have the freedom to decorate it based on your preferences.
Semi-furnished gives you some cues on how you can prettify the place, while in fully-furnished, you won’t have to worry about design. Decide based on your needs.
Getting your own place is the final nail to being a full-fledged grown-up. Take note of the mentioned aspects to make this adulting stuff easier.