How to be sure to make the right investment in real estate? Well, we have developed this guide to take into account when buying a real estate property, both to live in it and to monetize it. The main suggestions have to do with the analysis of prices, the choice of the best mortgage loan, the forecast of recurrent and fiscal expenses or the opportunities of revaluation.
The houses are back in fashion. The brick has begun to regain the lost shine and is heading 2017 as the year of its consolidation. More and more houses are being sold, and prices are rising remarkably.
With the beginning of the year, the opening of access to credit initiated by banks and the normalization of the residential market, many people will have set the goal of acquiring a home in the coming months, either their first purchase or replacement as an investment in real estate properties.
This last point is being very relevant in recent quarters. The investors already account for a huge total of purchases. In any case, i.e. the first purchase, change of address or pure investment, the whole process requires a thorough planning. The purchase of a home is, in most cases, a large expense, so it must be carried out being fully aware of the results to occur.
One of the main tips given by the real estate experts to home buyers is to do the accounts well. Although it seems a truism, it is the key vault of the whole process. To begin with, you have to buy a flat whose mortgage does not consume more than 40% of the net salary. In addition, based on that amount that can be spent, you must have saved a minimum of 20% of the price of the home you want to buy, so it is advisable to add the extraordinary expenses that may arise, as well as the legal ones.
It is very important to make a good analysis of prices and revaluation of the real estate to be purchased. The expectation of value gain is not only one of the main motivations of the retail investors, but also of the first-time homebuyers, who are afforded by the higher prices. We recommend that if the housing is destined for investment, analyze the growth prospects in the most modern and dynamic areas of the city. If you know what and where you want, go for it. The industry is getting more and more expensive to find a house.