Real estate investment

It’s been 5 years already since we bought our home, it’s in a subdivision in Dasmarinas, Cavite. Unfortunately, we’re still not occupying it yet because the unit is still bare, no partitions. Aside from that, we work in Quezon City and it’s impractical to travel that far. Back then, we were just so excited and overwhelmed that we’re going to buy a house. We searched for houses online and compared them with other real estates like Kansas city real estate or Missouri real estate. We have a friend who also lives in the subdivision and helped us in acquiring the house. We thought things will go smoothly and that our money will be enough for the completion of the house. We even consulted a contractor and interior designer but got dizzy with the quotation, damn expensive!

I’m really not sure if our decision not to pursue the house completion is right, we just let it stay there and think of it as an investment. Instead of putting the money in a bank, we bought a real estate that is guaranteed to yield more interest than in a bank. I’m sure of it because the prices of Missouri homes for sale increase year after year. This is not a smart idea but that’s the best we can think of.

If I can turn back the time though, I would:

  • Scout and look for other homes for sale and consider the proximity to our work.
  • Wait until we’re really stable financially to build our dream house.
  • Consider getting a condo unit instead. Besides, it’s part of my wishlist when I was in high school.
  • Just put the money in the bank and let it grow measly interest.

I am participating in a blogger campaign by Bucks2Blog in behalf of a missouri real estate company and was compensated. However, the views and opinions are my own.

Comments

  1. At least you have a house ready to be turned into a home when the time comes.. 🙂 A house is always a good investment, I hope we can buy our own house soon too, it doesn’t have to be big, just comfy and in a safe neighborhood and I am good.. 🙂

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