When buying a house, people often make some very common mistakes. The purchase of a home is the most important investment in the lives of most citizens but it is common that we fall into a kind of infatuation that does not allow us to see the inconveniences that the chosen property could have, or that during the process we are putting our savings and assets at risk.
If you are in the process of buying a house, check these recommendations before taking any action.
1. Your salary is not enough
No way. This is a very common mistake. Normally, families have the salary of both parents. However, if you want to make an investment in your home, you must take into account your income between expenses and more income. The risk of using the direct principal income to spend and take out the mortgage is that you do not have more money that you can use for other necessary things or even luxuries. That way, you’ll push yourself more and you’ll even be able to acquire more debts. Our advice: before buying your house, put your money to work.
2. Emotions can be deceiving.
Our emotions have the power to influence much of our lives, and expenses are no exception. Many times, families want the house they still can not buy because it’s just not the time. Once you work your income, you have to spend. If you buy a house that exceeds your economic possibilities, you will compromise your economic future. In a few words: do not cheat, you will thank him in the future.
3. Think about a location.
The location of your next house is not unimportant. In fact, redistribution of goals, projects and stages of life you can choose the suitable location for you. If you want to buy a home being single and enterprising, in addition to not having plans to have children and children soon, a more central apartment is the option for you. If you are already married and want to have children soon, you will start with your partner and invest for a house with different rooms in a location near good schools and places of family entertainment. Also, very well and avoid areas of flooding and insecurity.
4. Review the structure
Before you give to a house, it is necessary to make sure that the structure is in order and you do not have problems when living it. This way you will know that you are not paying in vain and you are not going to spend the rest of your salary and savings paying extra to fix something that simply sold you badly. To make the mortgage worthwhile, get advice from an expert in architecture or real estate to check that the house works well and can be inhabited.
5. Check out for seller’s debts
Before launching to make the house yours, check that the seller’s debts on things like electricity, water, and gas are up to date. Otherwise, those debts will fall on you and you will be the one who will have to pay them.
6. Advise yourself well
Incidents and legal pitfalls regarding the purchase of a house can occur, so do not forget to consult a notary who can verify that the process is carried out legally and also a good real estate agent. Do not forget that there are basic elements that can make a real estate agent the best.