Buying your first property, regardless of whether it is a house or an apartment, is a very important decision that has a great impact on the entire family and the lifestyle of all household members. It is a big investment that many young couples finance through housing loans or with the help of their parents.
Find out below whether buying real estate is the right solution for you, whether it is worth investing in it and how to get to a new home the easiest way.
Own home or subletting?
It is rare that a person does not yearn for his own home and life within his four walls. Sometimes it seems almost impossible, especially for people who do not have the ability to take out credit. However, changes are constantly happening in life and you always have to adapt to them, so the moment may come when you are able to buy your first apartment.
Subletting has its advantages!
You have the opportunity to choose the apartment you want (and if you don't like it, just look for another one); you can change the neighborhood if you find a new job that is far from your current accommodation, and you don't have a credit obligation to pay. In addition, you do not have to invest anything in the subtenant apartment, because all repairs and changes are the responsibility of the landlord.
But is this really what you are looking for?
The tenant never has his privacy completely, because the landlord always has the right to come and see if the tenant keeps his part of the obligations. In most cases, you cannot change anything in the apartment or give it a dose of your personality.
Or you would like to have a small dog, but the landlord has forbidden pets. You should constantly warn the children that the apartment is not yours and that they should take care of the furniture, carpet and all objects in the house. And then one day, when you somehow managed to settle into a “someone else's” apartment, it happens that the landlord cancels your lease because he has some new plans for the apartment…
As difficult as it may be for you to make such a decision, buying your own property has a great advantage over subletting and it is time to make the decision to create your own home.
Buying an apartment in the simplest way
If you've thought everything through, considered your own financial situation, and are lucky enough to be able to afford your own home (if you're creditworthy), it's time to get down to business.
Many decide to buy an apartment only after several years of subletting and discovering that their monthly rent is almost identical to the amount of the monthly loan installment and that they were already able to pay off part of the apartment. With a simple calculation, you can come to the shocking discovery that through 5 years of subletting, you could have already paid off a considerable number of square meters of your own apartment, and that you are still in someone else's property, and you have to give money every month again, just as you would have to pay off a loan.
Once you decide it's time to go your own way and stop depending on others, whether it's your landlord or your parents, you need to carefully study all the options available to you. There are many properties on the market, old or new. Prices change with market demands, locations and property size. Before buying, it is necessary to carefully study the structure and collect as much information as possible about it.
Why hire a real estate agency?
If you are not skilled in this kind of work, you don't have time or you just want to have all the correct papers and legal support that is understood in such business, the best solution for you is to go to an authorized and reliable real estate agency that will ensure that the purchase of real estate “goes smoothly”.
Real estate agencies have updated databases of buyers and sellers, so they will quickly find the property you want. They will help you negotiate the price and provide legal support when reviewing title deeds, sales contracts, and the like.
In addition to saving a lot of precious time, the advice of agents who know the market best and who will guide you to the current situation and recommend a property that will retain its value regardless of changes in the market will be of great help.
