Buying our home is a great investment, but above all it is an emotional act. We are buying what will be our home. However, in those moments we must have our head cold. Can we pay our mortgage with ease? Do we have enough land to live with quality? Do we have upcoming schools for our children? Do we have leisure areas such as parks, sports areas, etc.? All these and many more questions we must ask ourselves before buying housing.
In this post we ask you some questions that you should ask yourself before starting to buy housing.
This is the first question. I must define if I want a central apartment or in the suburbs, if I would prefer a house type chalet, or an apartment. I must establish what is the minimum area that I require based on my family unit and the prospects. Once defined our ideal home we will start the search.
The new floor has the advantage of being new. Floors, ceilings, walls, common areas, facilities, etc. Are brand new. The disadvantage is that this type of housing is more expensive than the second hand (about 10%), that contracting is more rigid (less negotiation of price and conditions), and that if you buy without finishing presents a risk, If the developer has difficulties.
Calculate the amount that we enter monthly and study if we can live if we dedicate 40% of this amount to the amortization of a mortgage. With this figure we can calculate the amount of the mortgage that we could possibly access. To the mortgage amount we add our savings, considering that the price of the floor will increase by 10% in terms of expenses. And from there we will have determined which of our ideal flats are within our reach.
Although prices have begun to rise being a good time to buy. The economic situation has improved, growing annually at levels close to 3%. The unemployment rate is gradually being reduced. We are also in a context of reduced interest rates and optimism from the point of view of the consumer.
There is also a large stock of housing, both new and second hand, which continues at affordable prices when compared to the highs experienced during the real estate bubble.
Barceló Real Estate is a real estate agent based in the beautiful hamlet of Ciudad Quesada, belonging to the municipality of Rojales, Alicante. From here we work tirelessly to offer the best selection of homes for sale.
We have been working for more than 10 years to offer our clients the best properties on the Costa Blanca, such as the Costa Cálida, in towns as beautiful as Ciudad Quesada, Torrevieja, Los Montesinos, Campoamor, Guardamar, Santa Pola, Los Alcazares etc. ...