According to Infonet, Phuong Hoa (32 years old), has been living in Hanoi for more than 15 years and has been trying every day to own a home in her own name.
Going to Hanoi to study, after graduating, she also chose to stick with this land. Thinking of having to pay monthly rent for a house, Hoa decided to buy an apartment in Hanoi.
The girl who grew up in the countryside of Nam Dinh has an income of more than 10 million VND/month. In addition to working hours, Hoa also worked to earn extra money from many other jobs. Implementing the motto of saving, female office workers bring ready-made rice every day to eat. Rice and food are all sent by parents from the countryside. She also reduced all shopping needs to save money.
In the end, she has 320 million VND in savings. At the age of 30, many people advised her to get married. However, Phuong Hoa still wants to pursue her dream of having an apartment of her own.
Researching all the projects in Hanoi, Hoa has decided to choose an apartment for rent in a social housing project in Hanoi. The apartment is more than 60 m2, priced at more than 1 billion VND is perfect even though the distance from home to the office is a bit far.
With the form of renting a house, Hoa will only have to pay up to 50% of the apartment value to the investor when signing the contract, ie about 500 million VND. The remaining balance will be paid after 5 years of receiving the house, and each month will have to pay additional rent at the price prescribed by the state.
With 320 million dong in savings, her parents in the countryside gave her another 40 million dong and borrowed a little from friends, she collected all 500 million dong without having to borrow any coins. On the day of signing the lease-purchase contract, Hoa burst into happiness and joy.
The house is more than 60 m2 without furniture, so she makes use of all the furniture she is using when renting. That is also an advantage because Hoa can freely create living spaces in her dream apartment.
After the project is tested and accepted for fire prevention, she will officially move back to her new house with her younger sister who is studying at university. Without a bank loan, the pressure to pay her monthly debt is not there, so she will still work to save and pay the remaining 500 million in the next 5 years.