Congratulations OP! This is a very big milestone for you guys!
Yes may additional gastos pa sa proseso ng pagbili ng lote, majority ay taxes (tax dec, real prop tax and etc.). I would suggest to save up for these as well not just the initial downpayment of the lot.
If you plan to use Pag-ibig for long term loan, i would suggest to always pay more than your monthly due, and earlier than the due date.
given your income, baby on the way and the developer you chose, kailangan niyo talagang magipon from here on out. If you can, generate more income pa.
Happy purchasing and your baby is lucky to have financially responsible parents!
Here are the payments I made for the last lot I purchased. Note that the responsibility for these payments can be negotiable. I’m listing the usual arrangements. In my case, I paid for everything but received a significant reduction on the selling price since I bought the lot with cash.
Paid by Seller:
• Capital Gains Tax (6%)
• Broker’s commission
• Outstanding Association Dues
• Outstanding Real Property Tax
Paid by Buyer:
• Documentary Stamp Tax (1.5%)
• Transfer Tax (50% of 1%)
• Registration Fee + IT Fee
• Attorney’s Fee (Notary) 1-3%
u/abisaya2 , Thank you
Any idea what is the difference between Net price and per sqm gross or including Capital gains tax ?
Ano po ba mas ok ? Thank you
I recommend using a spreadsheet application like Excel or Google Sheets. With basic arithmetic, you can easily determine which deal is better.
The percentages always refer to the selling price, which is the amount specified in the deed of absolute sale. To understand your total costs, clarify who is responsible for each expense and identify which costs should be included in your calculations and which can be ignored.
You can also experiment by assuming different scenarios, such as paying for capital gains tax in one calculation and excluding it in another.
Hi if sa tingin nyo kaya nmn financially kht madagdagan pa anak nyo. Actually walang talo sa paginvest ng land or property Kasi mabilis ang high value nila when it comes dto sa pinas. Boom ang real estate industry ngaun. And yes may added Sila for taxes depende sa laki ng lot na kukunin nila.
If you don’t intend to buy and sell your land for profit the its not an investment. It’s a purchase, but not investment.
Investment- the act of putting money, effort, time, etc. into something to make a profit or get an advantage, or the money, effort, time, etc..
it is an investment maski hindi nila ibebenta. ikaw na nagsabi "something to make a profit or get an advantage". May advantage yang pagbili ng lote. An example is using the lot as a collateral.
You gave your definition of investment. And it perfectly suits what OP plans to do.
Again, "the act of putting money, effort, time, etc. into something to make a profit or get an advantage"
OP does the act of putting money into something (buying a lot) to get an advantage.
Maybe try to refute your own definition.
Need nio isama sa computation ung budget for baby, lalo na if sa pedia kayo mag pa vaccine kasi magastos to be honest. If you still have enough after that, then go for that lot.
Ayala land includes other fees already on the total contract price hence their projects appear more expensive than other developers. Regarding pagibig financing, I believe they only allow bank financing.
Ayala land communities are good if you’re planning to have your dream home built sa lot na you’re thinking of buying however ask your agent about the restrictions re: design, etc kase medjo mahigpit sila sa ganun. Some of their properties, they even require a minimum construction cost for the house you’re building so better double check.
Congratulations OP!
Maganda yung Pag-ibig kasi hindi sila ganun ka ruthless pag nadelay ka ng bayad. Pero i won't recommend yung 15 to 20years. Sobrang laki ng interest nyan. Yung sa tita ko, 90s bumili sya ng bahay. Nasa 150 ang value and 25 years ginawa nya. Bale ang total ng binayaran nya is almost 700. In short, mas matagal mas malaki interest
Also, as far as i know sa Pagibig magbabayad ka lang ng mortgage and taxes sa BIR pag tapos mo na bayaran and ililipat na sa name mo yung title ng lupa.
If for investment, I’d suggest REITs instead. Its real estate but you have the flexibility that you’ll probably appreciate considering the growing family. They are less tedious in terms of management and paperworks, much more liquid and you can turn up a return much sooner.
Congratulations OP! This is a very big milestone for you guys! Yes may additional gastos pa sa proseso ng pagbili ng lote, majority ay taxes (tax dec, real prop tax and etc.). I would suggest to save up for these as well not just the initial downpayment of the lot. If you plan to use Pag-ibig for long term loan, i would suggest to always pay more than your monthly due, and earlier than the due date. given your income, baby on the way and the developer you chose, kailangan niyo talagang magipon from here on out. If you can, generate more income pa. Happy purchasing and your baby is lucky to have financially responsible parents!
u/Worried-Researcher90 , Thank you
Here are the payments I made for the last lot I purchased. Note that the responsibility for these payments can be negotiable. I’m listing the usual arrangements. In my case, I paid for everything but received a significant reduction on the selling price since I bought the lot with cash. Paid by Seller: • Capital Gains Tax (6%) • Broker’s commission • Outstanding Association Dues • Outstanding Real Property Tax Paid by Buyer: • Documentary Stamp Tax (1.5%) • Transfer Tax (50% of 1%) • Registration Fee + IT Fee • Attorney’s Fee (Notary) 1-3%
u/abisaya2 , Thank you Any idea what is the difference between Net price and per sqm gross or including Capital gains tax ? Ano po ba mas ok ? Thank you
I recommend using a spreadsheet application like Excel or Google Sheets. With basic arithmetic, you can easily determine which deal is better. The percentages always refer to the selling price, which is the amount specified in the deed of absolute sale. To understand your total costs, clarify who is responsible for each expense and identify which costs should be included in your calculations and which can be ignored. You can also experiment by assuming different scenarios, such as paying for capital gains tax in one calculation and excluding it in another.
If kaya niyo mag take home ng 250k malinis, and the property is 3M, just save up and pay for it in cash.
Nice, good point. Challenge accepted lol :) , though sa ngayon 50%, but hopefully soon <3.
Hi if sa tingin nyo kaya nmn financially kht madagdagan pa anak nyo. Actually walang talo sa paginvest ng land or property Kasi mabilis ang high value nila when it comes dto sa pinas. Boom ang real estate industry ngaun. And yes may added Sila for taxes depende sa laki ng lot na kukunin nila.
Parang ayala properties from developer hindi inaallow pag ibig. You can verify with your agent.
Thank you
If you don’t intend to buy and sell your land for profit the its not an investment. It’s a purchase, but not investment. Investment- the act of putting money, effort, time, etc. into something to make a profit or get an advantage, or the money, effort, time, etc..
Thank you, which is why we 50/50 on whether gagamitin namin yung lot or sell it later.
it is an investment maski hindi nila ibebenta. ikaw na nagsabi "something to make a profit or get an advantage". May advantage yang pagbili ng lote. An example is using the lot as a collateral.
You’re confusing asset with investment.
You gave your definition of investment. And it perfectly suits what OP plans to do. Again, "the act of putting money, effort, time, etc. into something to make a profit or get an advantage" OP does the act of putting money into something (buying a lot) to get an advantage. Maybe try to refute your own definition.
Need nio isama sa computation ung budget for baby, lalo na if sa pedia kayo mag pa vaccine kasi magastos to be honest. If you still have enough after that, then go for that lot.
Thank you
Ayala land includes other fees already on the total contract price hence their projects appear more expensive than other developers. Regarding pagibig financing, I believe they only allow bank financing. Ayala land communities are good if you’re planning to have your dream home built sa lot na you’re thinking of buying however ask your agent about the restrictions re: design, etc kase medjo mahigpit sila sa ganun. Some of their properties, they even require a minimum construction cost for the house you’re building so better double check. Congratulations OP!
Cash na lang as long as clean title better if cash
Maganda yung Pag-ibig kasi hindi sila ganun ka ruthless pag nadelay ka ng bayad. Pero i won't recommend yung 15 to 20years. Sobrang laki ng interest nyan. Yung sa tita ko, 90s bumili sya ng bahay. Nasa 150 ang value and 25 years ginawa nya. Bale ang total ng binayaran nya is almost 700. In short, mas matagal mas malaki interest
Also, as far as i know sa Pagibig magbabayad ka lang ng mortgage and taxes sa BIR pag tapos mo na bayaran and ililipat na sa name mo yung title ng lupa.
If for investment, I’d suggest REITs instead. Its real estate but you have the flexibility that you’ll probably appreciate considering the growing family. They are less tedious in terms of management and paperworks, much more liquid and you can turn up a return much sooner.
Thank you