The first one is profitable so sell it, the second one “buy it out” without debt
When many young people are still struggling with the story of saving to buy 1 house For himself, his friend Tuan Duc changed to a second house in Ho Chi Minh City. Ho Chi Minh City is expensive at the age of 29. It is worth mentioning that Tuan Duc “purchased” a new house without outside help.
It’s not easy to make decisions big shopping so under the age of 30. Let’s meet Tuan Duc to hear about this guy’s interesting home buying experiences and views.
Tuan Duc is a stylist, influencer and owner of a bonsai business brand
Hi Tuan Duc,
Why did you decide to buy your first home at such a young age?
I owned my first house in 2018, ie 25 years old, after 2 years moving to Ho Chi Minh City. HCM. Many times when looking for a house, moving in, I felt tired and felt that the quality of life was going down, so I started thinking about buying a house. The criteria is very simple, I want to find somewhere suitable, beautiful, convenient to travel but within my financial ability to stabilize my life, spend time taking care of other jobs.
When I rented a house, I still had the mentality of not buying anything. Moving house is also tiring, but I don’t know if it’s suitable for another house. So, when I think about buying a house, I’m very excited because I think that’s when I can start building a fuller and more comfortable life.
A lovely corner in the living room of Tuan Duc’s new house
Did you have to take out a loan from the bank or get help from your parents to buy your first home?
His first house is worth 2 billion. Compared to the general level of apartments in the city. In Ho Chi Minh City, this price is not high. However, compared to a 25-year-old person, I think this is not a small number.
At that age, I still needed help from relatives to buy a house. Honestly, from my own experience, I think “buying out” a house at the age of 25 is really not an easy thing. At that time, I borrowed money from my parents as well as borrowed money from outside to buy a house.
Thinking back, it was a bit risky, but at that time I was still working in an office, with a stable monthly income and support from my family, so I felt that I was still under control. When you’re young, you don’t know how long to wait.
How does it feel to own your first home?
The word “happy” probably describes my entire mood at that time. The best part is knowing that no matter what happens, you will have a place to go. A house where you are free to do what you want, live according to your own personality.
When I bought my first house, I was young, so I didn’t have many requirements, nor did I know many people in the city. HCM should not consult anyone. Almost everything is self-determined. Going to see the house, if it’s okay, then decide to buy it. But that’s why, in the process of staying in the first house, there are many factors that make me feel unsatisfied. That led to me moving to my second house this year.
Tuan Duc’s first house
Is there a particular financial reason why you want to move into a second home? Currently, Tuan Duc owns both houses?
I sold my first apartment, but I still can’t afford to own 2 (laughs). As mentioned above, there are many reasons why I move house. But another thing is equally important because the first apartment was quite profitable, so I sold it.
In the past, I thought about buying a house because I wanted to have a place to live, but after 3 years, I started to research more carefully. I realize that there are many factors to predict the investment potential of an apartment. Moreover, real estate investment is something worth considering, so I decided to buy this second apartment.
In terms of lifestyle, this second house has a larger area than the old house as well as many factors that are suitable for your needs at the moment. For example, the house layout is reasonable, the space is airy, the view is better, and the residential community is more comfortable in raising pets.
The kitchen corner in the new house with the main color green, simple but no less delicate
Does Tuan Duc have to take out a loan to buy a second house? For you, what role does this second house play in the financial story?
Unlike the first one, I bought this new house entirely with my own money, not borrowing or asking for help from outside.
Regarding the financial story, actually before buying this apartment, I wondered a lot between options such as buying an old apartment to get a good price and a large area; buy an apartment in a location near the center, even though it has to accept a small area, it saves time for daily travel; I even intend to invest in projects to have high profitability. But in the end I neutralized my own needs by buying an apartment in a developing area. The investor has just returned home for a few years, so I hope that along with the upcoming amenities here, at the time of the pink book this apartment will be a reasonable investment.
Does Tuan Duc have any financial tips to buy a house at such a young age?
To buy a home at a young age, you should start preparing as early as possible. Not only financial preparation, but also real estate knowledge, understanding the housing situation in each area or at least the areas you have zoned.
If you buy an apartment, you should learn about the investors as well as clearly define your housing needs. Once I have a list of priorities, I will easily categorize the options, quickly find a reasonable solution without being confused (or greedy) to choose an option that is out of my ability. From there, the most optimal financial problem can be obtained soon.
Beautiful corners presented with a unique layout in the new house
According to Tuan Duc, should people under the age of 30 and unmarried buy a house? In other words, when should young people buy a house?
I think it’s up to each person to do it or not. But one thing to keep in mind is that tBefore buying a house, learn and consider carefully. Because we are young, buying a house outside to live should also consider investment potential. Later, when life changes (for example, getting married, having children, …), that profit can buy another, more spacious house, serve the family’s needs, or invest in other things. other importance.
Thank you Tuan Duc for sharing.
at Blogtuan.info – Source: Kenh14.Vn – Read the original article here
