Bungalow House Design

Bungalow is a type of house that is typically either a single storey or has a second, half or a partial storey which is built into a sloped roof.

Bungalow construction is more affordable that is why there are many bungalow houses here in the Philippines. For those who have limited budget, they choose to construct a bungalow over a two storey house.

Having a bungalow house has also advantages aside from the cost. These advantages include is perfect for seniors who have a hard time to navigate up and down stairs daily, good for family with young children since young children may tumble down the stairs and it is common fear to parents. In addition, bungalow house is flexible for addition most especially with those with large space of lot. They may expand their living house in the future such as may add additional rooms or dirty kitchen, etc. A bungalow house also have low maintenance as the roofs and guttering is easy to access.

The cost of bungalow construction here in the Philippines is between Php 19,000 to 25,000 per square meter depending on the design or style and type of finishing.

Here are a video of sample bungalow house construction. You may click the following links here:

House Construction Loan Need to Know

house-construction-loanI and my husband have been through house construction loan through East West Bank. Because of our determination we are able to provide all the documents needed to achieve our goals to have our own house.

The first step we done is to know the requirements between Pag-ibig and banks. Based on what we see, Pag-ibig requires more documentation to submit than in banks. Also, we go to different banks to inquire about their requirements as well how much will be the interest rate. Since that time East West Bank offered the lower interest rate so we decided to pursue our housing construction to East West Bank. That time they offered 8.5 percent per annum. Although Pag-ibig also offered lower interest rate, there are more documents to submit than in East West Bank.

We provides documents such as title, income statement such as pay slip, tax declaration, vicinity map, employment certificate, proof of income, income tax return, identification cards, bank statements, etc.

After submitting all the necessary documents to process the loan, then the bank will send you a notice of approval. They told us to wait for 2 to 4 weeks but it takes us 2 months for our notice of approval. Our loan approved is amounting to Php 850,000.00, 10 years to pay. Our monthly amortization will be Php10,000.00 plus insurance fee and other fees.
When the notice of approval received, the accessor will visit the site of house construction to verify the percentage of the progress of work because banks, pag-ibig and other lending institution release money depending on the progress of work. East West will release money a scheme of 30% upon first loan release, 60% for second release of money, 90% for third release and 100% last release of money. In our case, it is very hard because we have no enough budget. What we did, we ask some friends and relatives to lend us some money in order for us to fund our construction so that bank will also release money.

My tips before pursuing your house construction loan are the following based on our experience:

  • As much as possible inquires to all banks which offers house construction loan so that you can analyze which bank are suitable for you.
  • Make sure to have initial budget for the house construction. As much as possible you have at least 30% of your total house cost because most banks and lending institution release payment upon 30% of work house completion.
  • Verify all fees requires for the house loan such as processing fees, accessor’s fee, etc.
  • Know if there are hidden fees aside from interest rate such fire insurance fees. Know how much you have to add for your monthly amortization.
  • Make sure that you’re the interest rate is fixed within the payment period. There are banks who have moving interest.
  • Inquires also to your banks if there are rebates in case that you have been pay early. Just on our case, we do not rebate after paying the full amount for two years since our contract is for ten years. Some banks offers rebates.

Bungalow Style and Designs

What is Bungalow type of house?

According to Wikipedia, a bungalow is a type of building which originally from Bengal region in South Asia but now found throughout the world.   A bungalow today is a residential building which normally detached and may contain small loft, which is either single-story or has second story built into a sloping roof usually with dormer windows. Common features of bungalow include verandas, and being low-rise.

Also, a bungalow is a single family house type which became popular in the Western United States because it offers low cost, simple living quarters with artistic style and design.  Other special features of bungalow includes convenience and simplicity.

Advantages of bungalow house includes living in bungalow is very convenient for the homeowners because all living areas are on a single-storey and very cost effective way of living since small maintenance for the house. Other advantages are the accessibility and it is ideal for those reduced mobility. Bungalow houses is also easy to maintain so the maintenance cost is very low.

Here in the Philippines, some couples prefer to buy or construct a bungalow for financial reason because construction of bungalow is much cheaper compare to two-storey house. Like for instance, an 85 sq. meter bungalow house included the garage with 3 bedrooms, 2 cr/bathroom, laundry area, kitchen, dining and living area may cost only  Php 1.5 M compare to two-storey that may cost Php 3.5M.

Things to consider when buying or constructing a bungalow, make sure that the house is elevated from the road in order to prevent floods even the place is already high. Also, you may consider to have a foundation of the house that can be also suited to two-storey house so it can be converted into two-storey house in the future if you have enough budget..

Below are some images of bungalow house here in the Philippines:

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