On Residential Lots

Bobby and I are always reluctant to obtain a loan for any purpose – even for a house. Loans just add to money that goes to other people than ourselves – of course! Our plan is to put off trying to get a loan if we can save enough money for the lot.

That plan backfired on us because the lotΒ (691 sq m) which we planned to buy for P550,000 is now priced at P691,000 – mere months into asking for the lot price {sigh}. I guess that lot is not meant to be for us – and allow me a little sour-graping in saying that the road going to the place was very bad, anyway πŸ˜€

That same plan gave us another opportunity, though. It also allowed us to understand what Mommy Len said, “Things don’t always go as planned”. We had planned to buy that lot for so long that I was already thinking of it as our lot πŸ˜€ Still, since its price suddenyl skyrocketed, we had to think of other options. After all, we are thinking of buyingΒ a lot to build a house soon – no loans, if possible. That is when a lot in Bacong went up for sale – by Bobby’s best friend.

It is only around 402 sq m but that is already a big one, really. Plus, it is only worth P320,000 – something that we already have! Now, that must be something that was really meant for us πŸ™‚ So, with the papes being processed and all, I’d say that we already have a lot to call our own, with no loans at that! I’m thankful for a lot of things: that Bobby and I worked hard for this piece of property that we can now proudly call our own, that a certain Uncle Dogbert aka Dieter has always encouraged – and pushed – us to make the effort entirely on our own, and that we have a family who supports us in this endeavor and promises to help clear the bamboo trees in the lot and spray the mango tree in the property.

Of course, I am thankful that Bobby’s friend put the lot on sale. Plus, the water station is located just a few meters away from the property – and the beach is about 3 minutes (by motorcycle) or 15 minutes (on foot) away! Give that as a plus to beach freaks like me and Bobby and you’ll a have a deal! Also, the property has a good right of way and just a minute away from the cemented barangay road, anyway.

So, here I am smiling at out good fortune and the blessing that came our way. Oh, my sweet naysayers can still find something to say despite this good fortune – like how little the lot is, and all – but we’re hoping that we can save enough money to start building a house by the end of the year πŸ™‚ – pictures to come soon! Oh, some months away, anyway πŸ˜€

2 Responses

  1. I’m a housing loans officer from a Bank here in MM. Though its what I do, I personally prefer your way of owning property without a loan. But judging by the applications we process monthly, sadly its not the norm. Simply because it makes ownership easier.

    Kudos on owning that lot. And contrary to what others say, 402 sqm IS big (here in Manila, 110 malaki na). Good luck also with the house construction, soon. Prices of materials are volatile kasi especially with our local events next year πŸ™‚

  2. Hi! Yup, owning a lot without a loan is great as we don’t have to worry about the bank or government taking it from us if we fail to pay, say, for three months or so. πŸ™‚ Also, it is less of a burden as the monthly budget is not skewed. However, we had been thinking of obtaining a loan from Pag-ibig some months ago because the previous lot that we had been planning to buy was Php550,000 but now that a new lot was offered at a lesser price, we gladly grabbed the opportunity πŸ˜€

    Yup, 402 is big considering that we are living on a 100 sq m lot now. Still, I would love to have a yard and a house that is free from the noise of the neighbors – I don’t want to know what they are eating or what they are talking about πŸ™‚ That certainly happens here at our house now πŸ˜€ Yup, I need lots of luck with the construction as the prices are truly shooting up 😦 My hubby and I are saving what we could for the house – although we still have to spend for the education of my sister. Oh well πŸ™‚ Thanks for dropping by.

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