Real estate: the 7 criteria to choose your future purchase
Regardless of the level of interest rates or real estate prices, it is always the time to buy when you have decided to own your home.But not just anything, anywhere, any How.Here are the seven things to watch out for before signing.
1 - Present and future needs
It is impossible to exclude the favorites in the acquisition of a house or an apartment, but the purchase of such importance must result from a rational study of the place, the size of the accommodation, its comfort , the quality of the construction ...Even if life is hard to unexpected, if possible you should have good visibility of your future at the time of acquisition.
So, before you start, you must make sure that a priori you will not sell the accommodation for several years (between 3 and 7 years depending on the city and the accommodation) .Of course, in practice, nothing prevents you from putting in sale your home after one or two years, but from a purely financial point of view, this is irrelevant since in such a short time, you will not be able to amortize your installation costs, transfer duties known as notary fees and interest on your mortgage.
For more on this, consult our case study: Buy or remain a tenant
It is also a good idea to acquire accommodation that really meets your present and future needs by trying to anticipate, for example, the arrival of children and the number of bedrooms required.
Your age and state of health are also important criteria.It may be preferable to avoid buildings without a lift when buying an apartment or to choose a house on one level or with all the essential rooms on the ground floor.of the road.
Posted Date: 2020-09-02