Parenthood can be difficult, and one of those difficulties is the need to buy a home or find an apartment for rent. The child needs to be raised in a secure environment and most of the time it is a house that fits that description better than any other option. Yet, even with two parents potentially providing the income, this can still be difficult to attain. It can be even harder to do this in the Philippine real estate market when one is a single parent. The situation sometimes forces people to decide between what would be ideal and what would be practical.
The needs of the child
First and foremost on a single parent’s mind when looking through housing options would be what the child needs. There should be enough space for the kid, which would mean that a small apartment for rent is an unattractive option. The apartment should also be located in an area that is within a reasonable distance from a school, grocery store, and other basic amenities. Finally, since there is a child involved, it should be in a place with a low crime rate. A property in such a place like Makati can be costly and difficult to find, though it is not entirely impossible.
Options available
An apartment for rent is the more practical option for a single parent with only one child. With a large enough budget, the apartment could be of good enough size for the early developing years of childhood and in a good enough location. Renting an apartment in Makati is also much less of a financial burden than making payments on a house or condo. However, if there is more than one child, then an apartment would rapidly become lacking in space as they grow. A house is a significantly larger financial investment, but it also provides the additional space that would be needed.
Making the choice
For a single parent, the choice to get an apartment for rent or buy a home can be difficult. There is a strong need to balance both what the child needs now and in the future with the resources and finances that are available to them. A family consisting of one parent and one child would be able to get by in just an apartment without too much trouble until the teen years hit. However, two children may feel constricted and closed in by the typical apartment even at an early age.
An apartment for rent in Makati is not quite the ideal place to raise a child, but if there are concerns with the long-term budget, it is an acceptable solution. Ultimately, a single parent needs to find the middle ground between managing what he has and providing for his kid’s current and future needs. This is never easy in any respect, and housing options are no exception.
