I got a chance to visit 2 old houses that were built more than 30 years ago in one of the first villages in Metro Manila. I got to inspect the roof and the inside of the houses.
For the first house, the older of the two, it was mainly built on concrete for the ground floor and almost purely wood on the 2nd floor. Of course except the Toilet and Baths that has concrete walls and tiled floors and walls.
What was amazing about the house were two things. First, the roof sheet is virtually intact. No holes and only a few rusting part if I were the owner, to preserve the life of the roof, I would apply rust removers (or just scrape the rust using steel brush) on the rusting parts and apply roofing paint at once.
The roofing sheets of the older houses are really thick and don’t easily rust. Imaging this roof sustaining all the typhoons the past 30 years! What quality this material has! You won’t get that from what we have in the market today.
Another preventive maintenance on the roof is applying epoxy with fiber mesh at all roof nails. These are the nails with big heads the size of a coin and is the one holding the roof sheet to the trusses. These are the ones you can see when you look at the roof.
Another amazing aspect is that it does not have indications that termites are eating the wood! (Indications only because me and my companions did not do a full inspection of all the nooks and spaces). The old wood are the real wood! Not the wood of today where builders install the wood that are not dried up yet. This is a no-no because termites love soft wood and wood not fully dried! remember that when you are deciding on cheap wood (from the trees that are cut before they mature and not dried properly) or the real mature or dried wood.
For the second house, it is a foreclose property which was selling very cheap. Look at the specs below!:
Lot Area: 350 sq.m.
Floor area: 320 sq.m.
Bank List price: Php 4.9M (Wow!)
Remember my older posts last April? I list their the prices of new real estate developments. Here they are again:
Imagine this sample brand new house for sale recently:
Floor Area: 40 sq. m. (430 sq. ft.)
Lot Area: 153 sq. m. (1,646 sq. ft.)
Location: Taguig City, Metro Manila
Price starts at Php 5.5M ($ 122,000.00)
Its PhP 137,500.00 ($3,050.00) per square meter of livable area! Oh my! And to think the size of the house is targeted to those just starting their families. Too expensive!
Or this brand new condominium for sale:
Floor Area: 80 sq.m.
Price: PhP 4M ($88,900.00)
That is PhP 50,000.00 ($1,110.00) per sq.m. (Oh my!)
If you did not notice the very big price difference. And computing the price per floor area, clearly the foreclosed property is much better. Although it needs some repair, not to make it brand new but livable, one needs about 1 million pesos to do that. Still, this is a better bargain with a little more (about 20% more) added to your budget.
Which house whould you rather live in, in a 150 sq.m. or 320 sq.m house? I would not mind living in a house where I can do the repairs little by little!
This would be my next recommendation to building your own house, LOOK FOR FORECLOSED PROPERTIES to consider as you dream home. I know they will not look brand new and need repairs, but it will be much more worth the price since you get a bigger house and a bigger lot!
Now start looking for the diamonds in the rough of foreclosed properties!
Check out also the wood furniture in the other pages of the blog. Beautiful furniture only real dried and mature wood can give!!!