Sunday, February 28, 2021

Build Your Dreams Into Reality

My husband and I have been married for 19 years now and we have been blessed with 2 kids. At the early years of our marriage, we stayed in an apartment free of rent since the house was owned by his late grandmother. When I had my second child, we transferred to another house that was owned by my husband’s father. It was in their agreement that the house will be transferred to my husband’s name when the right time comes. We still live in this house that was built around the 1960’s. It was partly renovated in 2011 but the bedrooms stayed the same, only re-painted. It was also turned into a duplex type of house since the area was quite big. We were thankful for the house that sheltered us for over a decade but my husband and I still hope to build our own dream house someday. Our kids are already getting older and we would very much like to purchase a new house that could fit our family of four. We almost started to build one in 2014 but it was put on hold when my husband had a job transfer to another company.

The plan of purchasing a house was again discussed last year, during the time when COVID-19 pandemic was at its peak and the economy started collapsing, not just in the Philippines, but globally as well. Yet, even with the pandemic, life goes on. However, whereas we initially planned having a big house, we now opted to have a smaller house instead, just enough for us to live in comfortably and for some of our belongings to fit in. We realized that having a big house is rather impractical for us since our kids would soon grow up and probably go their own way and have their own house to live in someday.

According to, COVID-19 has had a huge impact on the real estate market, especially since local government restrictions have slowed down real estate development. On the other hand, basing from statistics taken from, it might be the right time to purchase real estate property nowadays since prices have significantly dropped for residential units. With this in mind, my husband and I think that now may be the best time to push through with our plans. Our only concern was on our savings, since we don’t have enough of it to finance the whole project. I have come up with a solution, though, which involves a small parcel of land which has not been used for a long time. If we mortgaged this property in a bank, then we would be able to secure enough funds and be all set to build a new house by the middle of this year.

Good planning and right timing are indeed important in making our dream home come true.

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