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13 Reasons Why Lumina is the Best Place to Live At

Written by: Jannel Ventura

1. THE HOME WILL BE YOURS

Unlike renting where you pay a landlord for him not to kick you out, Lumina is affordable and will only cost you as low as 1,898 a month. Imagine renting a home for 2,000 to 3,000 a month. Where will the money go? It’s where you think it is, the landlord’s pockets! Isn’t it exhausting to work eight hours a day just to put money in someone else’s pockets? If you choose Lumina, you’ll be able to pay for your own home. Lumina offers Easy PayLite Bank Financing, a financing option that’s achievable like paying for a home that’s rent-to-own. #SavingGoalsAchieved!

Buying is the cheaper alternative in the long term. Remember, there’s also the possibility that rents may rise over time. Also, given the tax benefits of home ownership, your true out-of-pocket costs from day one can be less than that of your monthly rent.

 

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2. YOU’LL HAVE THE PEACE OF MIND OF OWNING YOUR OWN HOME

No need to worry about the damages you’ll have to shoulder when you leave the house you’re currently renting! Breathe and relax ’cause you now have your own place to call home. Isn’t it more satisfying to come home to your own place after a tiring day at work? Dream big and claim it, Kabarangay! #BahayGoalsAchieved!

When you also factor in the possibility that real estate values often go up over the years, home ownership looks even more better. The cherry on top is that when your mortgage is paid off, you can stop making payments but you keep the house.

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3. THE NEIGHBORHOOD

Do you worry that your neighbors might nag ’cause of your loud music? Worry no more. Lumina builds homes through a reinforced concrete system, where the walls are sound-proof.

Of course, the house is just an added value to the subdivision. What we treasure the most are the people in it. Lumina has a Homeowner’s Association (HOA) that handles the welfare of every Juan in coordination with Lumina’s Customer Care Department. Here in our barangay, Lumina cares. We don’t just build subdivisions in order for people to have their own house; rather, we build barangays in order for every Juan to live in a happy, safe community. #BarangayGoalsAchieved!

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4. FORCED SAVINGS

Owning a home forces you to save money. It teaches you discipline with regards to handling your finances.

When you buy a home, you enroll in a forced savings plan. No matter how tight your budget may be, you find the money to make your monthly mortgage payment. The so-called “forced savings” argument is a widely-held one: Since homeowners have to pay their mortgage every month, they are routinely putting money away (and into their house, which they own), instead of squandering it on new shoes or fancy meals. Then, if you eventually sell your home after the mortgage is paid off, there’s a good chance that “you’ll walk away with a payoff,” even after subtracting the costs of ownership.

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5. HISTORY IS ON YOUR SIDE

Don’t forget to consider the future when looking at new homes. Buying a home is an investment, and you want to make sure that you’re going to be able to sell that house someday. If you’ve heard the adage, “Don’t wait to buy real estate, buy real estate and wait.” Owning a home is an investment many people can understand better than buying stocks, because they get the tangible daily lifestyle benefit of living in the home. But the financial benefits are also significant, and can be more substantial than stock investing. As a home appreciates, it accrues faster than a stock might because you get the appreciation on the entire home’s value.

No, your home isn’t the stock market and you shouldn’t view it as the way to get rich. But if the economy does surprise us all and start booming, sooner or later real estate prices will head up again, too.  #InvestmentGoalsAchieved!

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6. YOU’LL HAVE ANOTHER SOURCE OF INCOME

If you are purchasing a property that you plan to rent out, you’ll be able to profit off of your investment as soon as you find tenants. Then, you can take the money you earn and reinvest it to your property or use it to pay off other bills and debts.

Here in Lumina, we offer affordable rowhouses that are mostly ideal for bed spacers, added the fact that Lumina sites are always located near universities and colleges. You can arrange the interior of a house ideal for students. A little tweak and creativity can give you an edge and have students rent a bed space.  #HanapBuhayGoalsAchieved

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7. GET SMARTER

Why is it ideal to buy a bare house type house rather than a house with semi-furnished finishing?

One, You’ll be able to customize your own interior like the partitions. And two, you’ll be able to save more money if you will have your own contractor.

Renovating your space with a certain style in mind can be a fun and memorable experience. However, you need to take note of the renovation policies of your house. Make sure you submit the architectural and engineering drawings to the Customer Care Department before starting with the actual work. It gets better ’cause you’ll be able to discover the inner architect and the inner designer in you. #CreativityGoalsAchieved

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8. THE HOT GETS HOTTER

“Real investment” is what I would like to call Lumina House and Lot.

Trends today are high-rise and mid-rise condominium units, but over time, buildings will deteriorate and what you call an investment now will eventually fall down the drain. Unlike condominiums, house and lots have a greater appraisal value. Why? The more development there is, the more value. You not only have a house unit; you also have your own lot, where even if the house deteriorates over time, you still have a lot whose value now is larger than your contract price before. #HatawLumina

 

9. TRAIN LAW

The Tax Reform for Acceleration and Inclusion (TRAIN) is the first package of the comprehensive tax reform program (CTRP) envisioned by President Duterte’s administration, which seeks to to correct a number of deficiencies in the tax system. Due to TRAIN, minimum wage earners will be able to have a higher take-home money and bonuses, and lesser tax. Add this to the fact that real estate developers continuously offer affordable house and lot packages to minimum wage earners and that private institutions use employee’s net income as for basis loan approval. This gives minimum wage earners higher chance for loan approval, given the increase in their take-home money.

 

10. STABILITY

Remaining in one neighborhood for several years allows you and your family time to build long-lasting relationships within the community. Lumina encourages relationship building in its neighborhood through amenities where children can bond and build camaraderie. These include a basketball courts where boys can be boys, mini playground where little kids can be as playful as possible, and future developments like commercial areas inside the subdivision #EverydayNeedsAchieved!

 

11. FREEDOM

The home is yours. You can decorate any way you want and choose the types of upgrades that appeal to your lifestyle. Whether you need to redo the bathroom to reflect your Art-Deco tastes, owning the space you live in means you have the freedom to do so, without worrying about losing your security deposit. Owning your home means you can paint your kid’s room any color you want, you can change your floors from carpet to wood, and you can put a new chandelier in the dining room without asking a landlord for permission. You can have the kitchen and bathrooms you want. You can move the walls, build an extension–zoning permitted–or paint everything bright orange.

For renters, these types of changes are often impossible.

 

12. TOMORROW IS TODAY

If you’re currently renting an apartment or home, you may be eager to purchase your own space. Don’t move too quickly, though! Look at how much rentals are going for in the area in which you’re thinking about buying, and compare prices. When researching home prices, it might seem a little counterintuitive to look into rental costs, but this is definitely something to consider. Compare average rent prices in the area with your total monthly payment, including taxes and insurance. If owning a house costs 35 percent more than renting, it might not be wise to buy in that particular neighborhood.

Unlike rent, your fixed-rate mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will likely increase. And the more developments your city or province will have, the property you’re currently paying for will also have an increase on its value.

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13. TO INSPIRE OTHERS

Whether you’re a minimum wage earner or a big-time executive, Lumina has a wide range of housing units that can suit your wants and needs. Having the ability to afford a home without getting broke is a big achievement. Investing while you’re young will always be a smart decision. Make tomorrow today by thinking of having your own home now! Other people only consider buying when people around them start owning one. Be that influencer!

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Sources used:

https://magazine.realtor/sales-and-marketing/handouts-for-customers/for-buyers/7-reasons-to-own-a-home

https://www.zillow.com/mortgage-learning/buying-vs-renting/

https://smartasset.com/mortgage/5-reasons-why-your-first-home-should-be-an-investment-property

http://www.rfrlmtg.com/resources/10-reasons-to-buy-vs-rent/

https://www.huffingtonpost.ca/ypnexthome/5-reasons-you-should-buy-_b_9344954.html

https://home.howstuffworks.com/real-estate/buying-home/10-reasons-not-to-buy-house10.htm

https://www.quicken.com/advantages-buying-home-versus-renting-apartment

https://money.usnews.com/money/personal-finance/articles/2012/04/24/10-reasons-to-buy-instead-of-rent

 

Want more info? Lumina always gives homeowners a free site tripping! Get in touch with us!

Lumina Pampanga, Lumina Tarlac, Lumina Cabanatuan,

Bataan, Lumina San Jose, Pangasinan

 

To know more about LUMINA, contact us at (02) 3-226 -3552
or like/follow “Lumina Official” on Facebook, Twitter, Instagram, and YouTube.

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