Are you willing to share your home with other families or groups of friends? What’s at stake is your family’s privacy and peace and quiet. But what if in exchange for such, you will be able reduce by half or more the monthly amortization that you are paying for your house?

It’s called co-habitation wherein your family occupies parts of your house and rents out to other people those that you can spare. If you are open to such an arrangement, Fianchetto Homes may be just for you.

I have recently written about Fianchetto Homes. Read about it again by clicking this link.

It is situated on a flood-free real estate in Brgy Toro Hills, Project 8, Quezon City. The barangay is called as such precisely because it is shaped like a bull and is located on an elevated portion of the city. Fianchetto Homes is on the upper left corner of the succeeding frame. Click it to enlarge the map. To see the streets, mouse over Map Type then choose Google Hybrid in the drop down menu.

Unlike a condominium that costs between P80,000 and P100,000 per square meter on average, a unit at Fianchetto Homes, a townhouse development, costs only P29,000 and P32,000 per square meter.

It offers 3 spacious bedrooms and two toilet and bath plus 1 toilet or powder room. The second floor is where the kitchen/dining and living areas are but the living room can be converted into a fourth bedroom and the kitchen/dining into a common area.

Below are the floor plans of Fianchetto Homes with dimensions (I didn’t include the ground floor). Printed in blue are the areas of the kitchen/living area, the two bedrooms on the third floor and the masters bedroom. (Note: the areas were my best approximation and may vary from the actual areas of the units).

Below are pictures of a semi-finished unit. Pardon the pictures of some rooms; my digicam doesn’t have a wide angle lens : (

Below are sample computations for units at Fianchetto Homes.

If you find the 6 monthly payments for the D/P burdensome, let us talk and I will find a way to have it stretched for much longer than 6 months.

Say you have converted your living area into a bedroom, you may probably rent out 2 bedrooms and use the other two for your family. Note that the two bedrooms on the 3rd floor are larger than the masters bedrooms in most condominiums.

By renting out the 2 bedrooms to, say, a newly married couple and to a group of 3 call center agents at P10,000 per room, that will go a long way in helping you pay the monthly amortization.

For many of us, the hope of owning a house will require not just the usual sacrifices but radical ones. The approach I have discussed is meant for those who are willing to go to great lengths to own the house they live in. It’s a case of “if there’s a will, there’s a way.”

The prices of the units at Fianchetto Homes are P3.5 million and P3.8 million. There’s an ongoing promo wherein the next one unit to be sold will be subject to a P200,000 discount. Again if you want a more detailed discussion on the features and pricing of Fianchetto Homes, kindly read my past article about it.

For more questions, please get in touch with me using the Contact Form above or via 447.6328 or through 0929.609.7142.

Thank you so much.

Jun Sanchez
Real Estate Broker
PRC Registration Number 4562