Buying a home is one of the most important moments of any person. Also, one of the most exciting. Before doing so, and in order not to regret later, it is necessary to examine a series of requirements to know if what we choose is what best suits our wishes, needs and, not least, our pocketbook.
Tajarat properties offer you a series of tips to take into account before we go to live in our new home.
CHOICE OF HOUSE
-The choice of the type of house is the first step to take into account when we go to our real estate. We must distinguish between a low house, a semi-detached house, a spacious chalet, an apartment or a flat. At this point it is important to know the square meters we need, if we want and can maintain a garden, or if, on the contrary, we want a small house for that of the retreat.
Depending on the type of housing chosen, we will or will not have a community of neighbors. There are people who prefer to live in a large house without neighbors and who, on the contrary, prefer to be part of a neighborhood council.
We must know that in the case of opting for the second option, the owner will be obliged to exercise the duties of president or secretary of the community, if necessary, and to attend the meetings that the neighborhood council temporarily proposes. Neighborhood communities also have additional expenses.
Small or big? The number of bedrooms and the number of bathrooms is another element to take into account. Many couples buy their first home without thinking about the future and after a few years they have to sell the house.
If you plan to start a family, and you can afford it, perhaps it is recommended that the home to buy has at least two rooms, or three. Also, there are many people who prefer to have two bathrooms, instead of one, to avoid having to fight first thing in the morning.
Square meter. The larger a house, the more it will cost to heat and furnish it, however the space for enjoyment and rest will also be greater. The choice of square meters is an important aspect, although at this point it will be necessary to review the square meters that are really useful.
Storage room and garage. Almost all newly built homes have a garage and storage room. However, second-hand ones offer more problems when it comes to having a space in which to store furniture or clothes from other seasons, as well as our car or cars. There are many buyers who demand a garage space in the living area, so it is essential that the house has a space to store our vehicle.
With views? A house with a view is anyone’s dream. For this reason, it is essential that when deciding whether or not to buy our future home we determine the orientation and views that the home offers us.
It is not the same that every morning we see the spiers of Burgos Cathedral as the block that has been built in front of us. At this point it is important to choose the height and orientation. An attic will not have the same options as a first floor, and vice versa. Although for tastes the colors.
Where? Living in one area or another of the city is not a trivial matter. There are those who prefer to live in the historic center and those who choose a residential area away from the hustle and bustle. At this point, we must take into account our lifestyle, whether we have children or not, the closest supermarkets and other issues such as distance from our workplace.
THE MOMENT OF TRUTH
After analyzing the more technical questions, it is time to look at our portfolio. At this point, it is crucial to analyze our economic and employment situation, and check if the future purchase is viable or not.
A person who is unemployed or without a job could have more problems in meeting expenses than one who does have a stable job. Likewise, it is recommended to have savings to be able to face possible unforeseen events.
If the house is bought as a couple, it is advisable to make very clear the part that each one puts and the obligations that the purchase implies. We will talk later about what should and should not be done as a couple when it comes to a house….
No less important will be to know the type of seller. It is very different to buy from an individual, than from a real estate agency, a developer, a construction company or a bank. In this matter it is important to avoid fraud and deception.
The most advisable thing is to have a trusted real estate agency like capital smart city to advise us, since they deal with professionals in the sector. We will avoid headaches, and perhaps some displeasure.
And finally, the future buyer must assess whether he prefers to pay in cash or opts for a mortgage loan. In the event that you request a loan, the entity will take into account the appraised value, debt capacity, guarantees and job stability.
Go from tenant to owner
The country in the European Union where the most homes were purchased in the last twenty years. Going from tenant to owner is a reality on the rise and a step that most Spaniards take throughout their lives. But when do you have to take that leap?
There are a series of variables or indicators that, according to experts in the sector, we must take into account when going from being a simple resident or tenant to being the owner of a home, with the commitments that this entails.
SAD OF MOVING TO A NEW HOUSE
In the population close to 30 years, it is often the case that they are tired of changing houses every two or three years in search of a lower rent and better benefits. Most of the young people who decide to become independent in Europe opt for a rent at a reasonable price, at a low price, with which they can pay for their studies or survive on their first salary. Renting is an affordable option and highly recommended for young and old with high geographical or labor mobility.
Buying a house is usually linked to a concept called stability. At the time when you get a stable job and decide to settle in a specific place, many people decide to invest their savings in a home.
The concept that ” buying insures ” and “renting is throwing away money” is more than widespread. These types of approaches are very subjective, but they are in part the ones that lead many people to sign a mortgage with their bank in order to get a home.
Another of the motivations for acquiring a house occurs after “taking accounts” and realizing that the rent is higher than what we would pay for a home that we own. In many cases, a mortgage does not exceed 400 euros per month – depending on the price of the house – while a rent is around 450 or 500 euros in some cities.
When buying a house, keep in mind that without job stability it will be difficult to cope with it. The same happens with a rental, although the commitments and risks in the second case are lower.
For this reason, experts recommend that the payment of the mortgage payment does not suppose a drowning. It is advisable to buy a cheaper house to pay a fixed monthly mortgage that prevents us from developing our life normally.
It is recommended that when deciding on a purchase we examine the savings we have. The final price should be at least 30 percent of the money we have saved. It is a guarantee not to have problems in the future.
A LEGACY FOR OUR CHILDREN
Another reason to buy instead of rent is based on the tradition of leaving a legacy to our descendants. We all want to leave something to our children and relatives, and what better than a house on the coast or in the neighborhood where they lived as children?
New housing, developer or cooperative?
Now that the crisis seems to subside at times, there are many people who dare to take one of the most important steps in their lives, to buy a home. At this point, a large part of them choose to acquire a new home despite being aware that it could take years to be able to live in it.
It is at that moment when the potential buyer is torn between buying the house of his dreams from a cooperative or from a developer.
The news and scandals that have flooded the main media in recent years make many buyers have doubts about the cooperative option and of giving all their savings to a promotion for fear of losing money if something does not go as they expect.
At present, when it comes to acquiring a new home, the most common formulas are to go to a developer or join a housing cooperative. Two very widespread and divergent options. Hence, experts in the sector recommend before taking false steps to take good advice on the viability of the formula that is finally chosen.
In whose hands?
It is advisable to examine the past of the cooperative and the promoter to make sure of the experience and projects it has.
At this point, the buyer will be able to rest assured if he discovers that the promoter to whom he is going to leave his savings is a well-known promoter in the city that has not had problems with any of his clients, then to do it to an unknown and doubtful promoter reputation.
The most distrustful can check in whose hands they are going to deposit their savings in the commercial register.
Cooperative management companies have proliferated in recent years, some of them ceased to exist before the keys were handed over.
Their great advantage is that they allow access to the future home “at lower prices” since they are built at cost and there is no margin for the developer. On the contrary, there is a margin for the cooperative manager, which in the least of cases is around 10 percent.
The least attractive thing about this choice is that the price does not usually close until the keys are handed over, so a failure or delay in time can translate into a strong financial disappointment.
Likewise, it will be necessary to make a significant financial outlay since the buyer is the one who assumes the purchase of the land where the houses will be built.
On the other hand, in promotions there is no variation in the final price. If the delivery of keys or the construction time is extended, the cost is assumed by the developer and not the buyer, as in the case of buying from a cooperative.
Likewise, all the values of the house are defined in a sales contract that minimizes risks and is a guarantee document in case of possible errors in construction.
One of the main differences is that developers never receive advance amounts until they have the appropriate building license. The promoter does not start the sale until he has the relevant license, which is another of the purchase guarantees.