The beauty of having a personal blog without a niche is that you can write about almost anything that you fancy. It’s up to you, how you are going to attract readers’ attention and interest enough to make them come back and read your blog regularly. Well, in the case of this blog, this may not have its share of loyal readers, but still, it gets considerable hits from various search engines and blog directories from time to time.
With that said, let me post something about a personal experience that recently happened to yours truly, in my desire to have my own house constructed. Let me tell you, that buying a lot entails a lot of hardwork, patience and most importantly money.
My ordeal started a few months back when I applied for a housing a loan in our office financing program after a colleague referred a lot for sale in their subdivision.I checked the place and it was quite good (peaceful and environmentally clean) as compared to posh subdivisions in Metro Manila being developed by big real estate developers.
Before submitting the loan applications, I needed to gather some documents first. It was my first time to encounter terms such as vicinity map certified by a geodetic engineer, building plan signed by a civil engineer, deed of conditional sale, transfer certificate of title, etc.
While, preparing those documents, I scouted for a building contractor on the net and found three companies with their own websites. Jao Builders, Vazbuilt and Geaunt. The first two companies are the more famous ones, but at the same time too pricey for my budget, as compared to the third one. So, I opted for Geaunt and enlisted their services.
A few months after, I got the TCT of the land I’m buying transferred into my name. The Bureau of Internal Revenue took almost a month to process my documents (payment of documentary stamp taxes and capital gains tax), until I got a clearance. Then it was time to bring the documents to the Bureau of Registry for the transfer of the TCT under my name.
All in all, I filed my loan application sometime around June. And as of to date, the construction of my dream has not started yet. Hopefully, I would get the building permit and construction will begin by next week.
That is after I pay some other major fees, such as water connection, electricity connection, barangay clearances, etc.
As of today, my calculations of expenses for pre-construction has totalled almost 150 thousand pesos already.
Whew! I was not expecting to spend that much, considering that I filed for a loan.
My advice to others who are in the planning stage of building their dream house: prepare a good amount of money for unnecessary expenses you might incur that are not covered by the loan you are applying for.
Hopefully, by December, I would be living in my own house and would bid goodbye to my renting days! Wish me luck.