Home and appartments
For many people, this is the biggest financial transaction of their lives. When it’s such a big deal, which you’re doing for the first time, it’s very important for you to make it work. Sometimes you get dizzy at the thought of buying a home because of the complexity of the laws and regulations to consider. Fortunately, with the right knowledge and know-how, you will be able to make your dream of owning your own home come true in a quick, easy and efficient way.
Find a good real estate agent to represent you in the search and negotiation process. The real estate agent should be friendly, open, interested, relaxed, confident and qualified. Find out about the agent’s rates, methods, experience and training. Look for a local real estate agent who works full-time and closes several property sales a year, and who must have a good reputation and be active.
Real estate agents usually work for sellers, but this is not necessarily a bad thing. The job of a real estate agent is to connect people who want to buy and sell a particular home. For this reason, a real estate agent is interested in selling houses. A very good real estate agent will use his experience to sell the right house to the right buyer, which is you.
When you find the right real estate agent, describe in detail the house you want to buy, the number of bathrooms, bedrooms, whether you want an attached garage, the lot and any other important details, such as lighting or a playground for the children.
Think about what you really want in a house. You probably have a vague idea, but it’s all in the detail. There are two things in particular that deserve your attention and that of your family.
What will your needs and those of your family be in a few years? Maybe now you are just a couple, but you intend to have children later? A house that is perfectly suitable for two people may not be enough for three or four people.
What compromises are you willing to make? In other words, what are your priorities? While we like to think that buying a home is a business like any other, it’s often a complicated ordeal in which we are forced to make compromises. Do you prefer a safe neighbourhood with good schools to a large garden? Do you like a large, practical kitchen or a luxurious bedroom? What will you sacrifice when the time comes to make a decision?
Are you expecting an increase in income over the next few years? If your income has increased by 3% for several years in a row and you have a steady job in a growth industry, you can probably afford an expensive but reasonable mortgage. Many people buy their homes at a relatively high price and then adjust to their mortgage after a year or two.
Decide where you want to live. Identify properties that are available in the area. Look at prices, home design, proximity to shops, schools and other amenities. Read the local newspaper, if there is one, and talk to local people. Look beyond the house itself to the neighbourhood and pay attention to the condition of neighbouring houses, to make sure you are not going to buy the only beautiful property in the neighbourhood.
The location of your home is sometimes more important than the house itself, as it has a major impact on resale value. Buying a home to renovate in a nice neighbourhood can be an excellent investment, if you can identify promising locations, where more and more people would like to live, you will probably find a property that will increase in value.