Buying your first apartment is a big step towards independence. However, this stage of life comes with great responsibilities, and, therefore, good planning is necessary, both personal and financial, in order to proceed with confidence and conquer this achievement. Check out these tips:
- Financial planning is essential for any major transaction such as buying a property. Despite the excitement caused by the prospect of more privacy and independence, it is necessary to analyze the available budget, both in total and monthly, to avoid headaches in the future. Take into account factors such as the amount of your income, whether it is fixed or not, whether you have savings available for the purchase, among others.
- Review neighborhood options carefully. First identify which are the places that you have purchasing power to consider, and then analyze aspects such as security and amenities. Check the distance from the location to the places you constantly need to go, such as your work, university or other commitments, and also analyze the situation of public transport, or road access, depending on how you get around on a daily basis.
- Understand your needs well: check how much space you need, if it is essential to have a leisure area available, what amenities are essential for you, among others. There are several apartment options on the market, for the most diverse lifestyles: from compact studios, with reduced footage, to lofts, flats, common apartments, duplex or triplex penthouses, etc. It all depends on your budget, desire and daily needs.
- What is your deadline for moving? The answer to this question will help you identify whether it will be more advantageous for you to buy a property that has already been completed or whether an apartment on the floor plan is more worthwhile. Among other aspects, the main distinction between these two options is value: properties still under construction tend to be cheaper than completed apartments, but have the disadvantage of not being move-in ready.
- Finally, try to understand the different types of financing available for the apartment you have chosen. Thus, you will be able to identify the best one for your reality. A good option to facilitate this bureaucratic part is to look for a good real estate agent, as a professional team has much more experience and will be able to help you in a personalized way.
Execut is available to help you realize your dream. We have a vast team of brokers and a differentiated catalog of properties to meet every demand. Contact us!
