After three years of marriage, we have accumulated two properties

I work as an office for a private enterprise, have a part-time job outside, with an average monthly income of 15 million VND. My wife works in the medical field, salary and allowances are eight million dong per month. Our maternal and paternal families are in the countryside, an hour away from the city by car, both parents are farmers. Before we got married, we didn’t have any significant savings, partly because we took care of our family, repaired our house in the countryside, partly because we had to pay for advanced education, and the cost of accommodation and living in the city was quite high. costly.

After getting married, we have VND 250 million, everyone celebrates the wedding and starts building a house buying route. In the provinces, the price of housing in the lanes of motorbikes is from 700 million VND, social houses from 600 million VND and commercial apartments from 800 million VND. With the initial 250 million dong, I and a close friend contributed money to buy a piece of land near the city for 500 million dong. Luckily after almost a year, we sold this land for double the price. My wife and I have 500 million dong from the sale of land and an additional savings of nearly 100 million dong from the couple’s salary and bonus. We continue to stay in rented houses to save money to buy a piece of land in the suburbs for more than 500 million VND.

Another year, with little capital in hand, I started looking to buy a house. At this point, we have two options, buy a house in the alley or buy an apartment. After a month of research, we decided to buy a commercial apartment of 66m2, better quality and environment than social housing or alley houses, the total cost of finishing is 900 million VND. I borrowed a bank loan, mortgaged it with a plot of land in the suburbs, and borrowed VND 150 million from friends and relatives.

After a year of buying a house, we still owe our friends VND 50 million, a bank debt of VND 500 million and my land is valued at over VND 700 million. With our current income, we are comfortable paying monthly interest and family living expenses. There is a cool, fully equipped apartment, my wife is happy and takes care of the home, my little daughter also has a place to run and dance, and have friends to play with. With two years in a rented house and a little bit of lucky investment, we made the home purchase route a year earlier than expected. I plan to sell the land at the end of the year and buy a small car for my family to travel to and back home. If possible, I will continue to accumulate money to buy a land further away, at a cheaper price to continue investing.

Han

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