There’s a lot of work involved in turning your dream home into a reality. In the Philippines, having a home to call your own is more than just a financial decision. It’s also influenced by society’s expectations: from relatives, who establish that a house is a must-have for any family, and from society, that sees a home as signs of how successful a person is. Whatever your motivations are, it’s important not to be swayed by any sort of pressure. Buying a house is a big life milestone that requires a lot of thought, and shouldn’t be rushed.

A lot of discernment is needed to find the perfect home for you and your family. A good question to start with is: Should you invest in your own home, or will you save more in the long run if you rent?


  1. You have a limited budget.One of the perks of renting is that the money you need to pay upfront is definitely more manageable. At most, your first payment could amount to three months’ rent in advance as well as three months’ deposit. While you rent, you can anticipate the amount of money that you’re going to shell out per month, which makes it easier for you to plan your expenses. But, keep in mind that your landlord can increase the amount should the need arise. Still, you save a lot more upfront when you rent instead of buying.
  2. You’re new to a city.If you need to secure a place in a new city fast, renting is your best bet. Since you’re not familiar with the area, it helps that you can decide where your temporary home will be. It’s more preferable to choose locations that are close to central business districts, commercial areas, and malls. That way, you can make the most out of your commute, and save on your transportation expenses. It’s a good way to get acquainted with the city, before deciding in which areas you’d prefer to permanently settle down.
  3. You might find reasons to move in the near future. Renting works best for the unattached working professional. If your career’s just about to pick up, you might get a promotion that would require you to move, or even receive job offers from other countries. Because you’re renting, you don’t have to worry about your place of stay—if you need to leave, your landlord will take care of it. On the other hand, if there’s something about your rented property that you don’t enjoy—the location, the neighbors, surrounding areas—it’s also quite easy for you to move out and find a place better suited for you.
  4. You don’t want to think about details like repairs, upkeep, and renovations. One of the many perks of renting is that you don’t have to worry about the nitty gritty things. If any amenities need repair, the landlord will cover the work as well as the expenses. If you’re not choosy about renovating and customizing your home, renting will also work for you, since tenants are often only allowed to make minimum adjustments to the existing structure.
  5. You don’t mind dealing with a landlord. One of the blessings—and at times, burdens—of renting is that you have to go through a landlord. Having someone who constantly watches over you works both ways: there are some things you can be lax about, like worrying about the upkeep and legal concerns, and there are other things that you need to be sensitive to, like their preferences and personality.



  1. You are financially stable. The biggest concern when it comes to purchasing your own home is the amount of money involved. You’ll have to pay not only for the property itself, but also for construction, bills, and repairs. A useful tip for first-time owners is to make sure that you don’t get overwhelmed and impulsively buy the fanciest house on the listing. To ensure that you get to make the most out of every square meter, pick a home that is realistic for you, your family size, your budget, and your lifestyle.
  2. You’re planning long-term. A house to call your own fits the bill if you plan with the future in mind—like if you’re having children soon, if extended relatives will visit often or live with you, if you need space for cars or recreation. When you plan realistically about the future, settling down in your own home is a good option for you. This is a place that will last (and cost!) you for more than just a few years, it’s important that it fits the kind of life you’ll be living even five or ten years from now.
  3. You know what you want.There’s a lot to consider when choosing or building your dream home: how many rooms are there, what is the design scheme, what materials will you use, how will the layout look like? You need to familiarize yourself with your taste, seek the help of professionals if needed, and be decisive about what kind of home you want, because once it’s built, it’s going to be yours ideally for a lifetime.
  4. You can take advantage of the freedom that comes with owning the property.Should the time come that you want to move out of your home, it’s important that you know just what you can do with it. You have the freedom to put it up on the market or rent it out—and you’ll need the proper resources and knowledge to do so. Dealing with a property that you decide to move out of can be a tedious process, but it’s necessary when you own it.
  5. Security and privacyare top priority. Owning a home and choosing a neighborhood to settle in means security and privacyare important to you. You value the reassurance that you have paid your dues and will not get a sudden eviction notice or a rent increase. You can do what you want in your own property, and you don’t have to adjust to anyone’s rules.


At the end of the day, what matters is not so much the house itself but the memories that it houses. PrimaryHomes, Inc., one of the very first developers of large-scale housing projects in Cebu, offers a wide range of properties especially convenient for first-time home owners. The best part is, they sell as well as lease their property. With Your Reliable Partner, the door to your future home is wide open. Learn more about their projects, and find your dream home at

Project Feature:
Richwood Homes, Compostela Cebu