PLDT lauds ‘unbreakable spirit’ of PH enterprises amid challenging times

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The COVID-19 pandemic has presented immense challenges to industries around the world. With mobility restrictions in place, business owners had to rethink their operations and adjust to navigate the uncertainties in the new normal. Although some companies were able to adapt and seamlessly shift to the new norm, the process was not easy with many struggling with financial losses and temporary business closures. A survey from the Asian Development Bank (ADB) released September last year reported that the Philippine economy experienced the worst impacts of the pandemic. The Philippines logged the highest number of business closures and layoffs among its peers in Southeast Asia. Despite that, Jovy Hernandez, ePLDT President & CEO and SVP and Head of PLDT & Smart Enterprise and International Business Groups, said that resilience is one of the core values that helped businesses conquer the challenges of the pandemic. This ‘unbreakable spirit’ of enterprises allowed them to embr

To Rent, To Own- that's the big question

 

If you’re starting a family or just wanting to invest in something that will give you a huge ROI in the future, stay with me as I will reveal the pros and cons of renting and owning a home.

 Let’s face it, acquiring a house is a dream for most families with regular incomes. However, it can be overwhelming and confusing but let me help you make your mind at ease before you step a huge step in your life.

There are many things that you should consider before owning or renting your first-ever property. One of the things you should consider is the taxes, maintenance, personal expenses, and if you will be using the property as your investment. 

 Do you think it's time?

In some countries, it has not been a custom to move out from their parents' home when they reached a certain age but there will be a time when they should be moving out. Do you think you have already reached that point?

Let’s face it whether you will be moving out, there might be a huge possibility that you will be staying away from your family. Homesickness can be terrifying but if you’re looking for growth and you want to be independent then it’s time for you to acquire a property. 

 Am I financially capable?

Given that we are in the middle of a pandemic and all incomes are at stake, you may also want to take advantage of this matter “Can I pay the monthly dues if I will be renting?” or “Could I shoulder my house maintenance if there will be needed to repair?” But if you have the courage to invest in a real estate property such as a house and lot, be prepared with your finances. Use this free online mortgage calculator so you have an idea of the scenario you will be facing in the future with regards to the monthly mortgage and interests that come along with owning a property.

Owning your very first home is one of the best investments you could make because of the benefits it’ll be giving you in the future. As we all know the value of property increases over time. So if you’re going to use your home as an investment whether you will be renting it or selling it in the future - it’ll be beneficial to your wealth. 

Meanwhile, renting a home will give you no ownership but with lesser responsibility. You can come and go as you please. Moreover, it’ll save you more money with the maintenance costs since most of the time it’ll be shouldered by the owner. 

How’s my lifestyle?

One of the most common reasons why single people rent is because it’s near to their workplace. Moreover, they can save more money as they can split the rent and find roommates to live with them. 

However, you cannot decide what you wanted to do with the property you will be renting. Remember, you are not the owner. Whatever you want to do with the place, you should inform the owner first and that includes the people who will be staying or any customization or repair you will be doing in the house.

On the contrary, if you will be owning your own home, you can decide what you want to do with your property. So you can let people in and out, customize your house whatever you want. 

Bear in mind these reminders before buying or renting so you could find a place that will really offer you comfort and peace of mind at the end of the day.

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