Buying a house-apartment is probably one of the most important decisions you have to make in your life. Especially if it’s your 1st home and not an investment apartment you need to be doubly careful considering you’ll potentially be staying in it for the rest of your life. In order not to regret it or find yourself in front of a surprise later, you should pay attention to the following before buying and follow them in this order.
Budget. Budget should be the first thing to consider when you start looking for a new home. In other words, how much money do you want to set aside? What is the maximum Budget you are able to give? Once you have settled on the Budget you can start researching your purchase.
Cost. If you end up with something you should pay attention to the purchase cost – sale price of the house.
Is the cost high enough for the area? If so, it means you have the option to negotiate or you can wait until its price drops.
Is the cost low enough for the area? If so you should understand – research why this is happening. Is it really an opportunity or is it hiding behind irregularities – debts that you will discover later when it is too late?
After you have concluded that the purchase cost is OK, you can go to the next step.
Size. You should calculate that the apartment size is enough to cover not only current needs but also future ones. Many people buy a house without taking into account the available storage spaces, as a result of which they do not fit and later regret it.
If you have a family or plan to have children in the near future you should seriously consider looking for a larger home that will be able to accommodate your future needs.
If you are single or androgynous without children then things are easier since you can calculate the needs.
Area – View. The location – view of the house is definitely quite important and something that plays a decisive role in the price of the house, apart from the size. Many first choose the exact location – view they want to buy a house which is a mistake. So you may miss an opportunity that is in the same area or only some meters out without a view and really worth it. Do the market research without being “blinded” by the view and prioritize the 3 above that are most important (budget – cost – size).
Shared – Operating Expenses. There are many times when you do not calculate the operating costs that a house may require. Pay close attention as many owners who have not done the right calculations are forced to sell their home as they cannot afford it.
If the house you end up with is a detached house then you will only have to consider the operating costs as there are no utilities.
If the house you choose is in an apartment building then you will have to calculate in addition to the operating costs and utilities. Remember that the larger the apartment building – common areas facilities, the larger the amount you will have to give monthly.
Legal Audit. Checking with an experienced lawyer before proceeding with a purchase is very important, ensuring the legal side. In particular, the apartment is checked at the mortgage registry, as well as the land registry for its title deeds, whether it is mortgaged or in pre-notification and whether there is any claim from a bank.
Engineering Technical Check. Most people who want to buy a house overlook this step which is a mistake as it is very important. The Engineering-Technical Control includes the analysis of the structural characteristics of the house from a spatial, topographical and urban planning point of view. In other words, the engineer checks that everything important is legal and ensures that you will not be surprised in the future with arbitrary fines and other irregularities. Additionally it can advise you if various key points need fixing such as:
- If the roof insulation is correct and there are no signs of mold
- If the insulation on the windows – doors is the appropriate one and air – water does not enter.
- If there are external cracks
- If the floor is uneven and needs repair
- If there are plumbing – electrical problems
Tips: Ignore or dismiss a house for unimportant details such as the color of the walls, furniture, utensils as they change easily. Give a foundation to its structural elements that are not easily repaired.
Tips 2: If you enter a house that you want to buy where you see that everything is perfect, you should be concerned. Is he very clean? Has she put on air freshener? Are all material goods new (furniture, utensils)? Maybe the owner wants to distract you from the important things you need to focus on.
Tips 3: If the house you will buy is with a loan like most, make sure that the loan installment does not exceed 25% of your income so that you can cope without problems.
If you want to be sure of the purchase you will make, we suggest you contact a real estate symbol where they will help you make the right choice. Delka is here to undertake all the above checks – procedures for you to arrive at the right choice.
If you want to contact us, fill out the relevant form by clicking here.