Whoever you are, buy house to stay or investment Resell and make a profit will be at the top of the important things in life. Buying a home is a long and complicated process. It’s not like the vegetables, the fish in the market can be easily obtained. The sooner you start planning and preparing for your home purchase, the faster you’ll be motivated to move closer to realizing your home ownership dream.
While everyone has their own set of problems when buying a home, here are three factors you need to consider carefully to avoid losing money, carrying or going bankrupt because of real estate.
Whether you’re buying an investor or buying a house to “settle down” for a long time, you need to carefully consider and study the following numbers: the cost of the house, taxes, interest rates on home loans, the difference. house prices in that area in the last 3 – 6 months… That way when you buy a house, you won’t have to exceed your budget or buy the wrong house, causing a heavy loss when you resell it.
In addition to those numbers, you also need to pay attention to the numbers around the utility of the house such as the number of bedrooms, WC, number of floors … to see if this house is suitable for your personal needs at present. in the future or not.
2. News of the region
In addition to the numbers related to the price and value of the house, the news of the area around the property you want to buy is also a factor that you need to pay attention to. Because, no matter how beautiful and cheap a house is, if it is located in a bad location, many evils or difficult traffic will make you unable to live in, sell it and no one will buy it later.
If the residential area in which the house is located has good security, convenient transportation, close to markets and schools, you can make good profits later. In addition, real estate in a developing area is also a potential opportunity for those who want to get rich.
Take a first-hand tour and examine the area closely. Try chatting with people around and ask about security, the distance to the market, school or the traffic situation of the area to get more information. All of these factors can help you evaluate more objectively and choose the right time to buy a home.
3. Advice from experts
When they want to buy a house, most people choose to ask relatives and friends who have bought a house to receive useful experiences. While these tips can sometimes help a lot, they still carry huge risks. Because, relatives and friends sometimes don’t really know much about real estate or the area where you plan to put down a lot of money. Instead, put your trust in professionals such as brokers, financial advisors or lawyers.
A professional real estate agent will tell you about the advantages of the area, the effects on the price of the home and its resale value, and the necessary paperwork. Financial advisors, mortgage banks will help you clarify hidden costs, budget estimates, and plan to collect and borrow to buy a home most effectively. And a lawyer to advise on any problems in the home buying and selling process.
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