Faced with big decisions, it is normal to be anxious. This occurs with the choice of profession, details of a wedding and, of course, with the first property. The problem is that this anxiety can cause the buyer to make bad decisions.
In this situation, it is important to take a deep breath and seek the advice of reason, carefully analyzing all the details involved to be successful in your real estate purchase.
To help you make a good choice, we have prepared a complete article, full of tips on the topic, based on the experience that CrediPronto has accumulated on the real estate market! Check out!
First property: what do you expect from it?
When you buy something, there is an expectation about the purchase, isn’t there? Therefore, reflect on what demands your future property will need to meet in order to satisfy you.
Do you need your property to have a yard for your children to play with your pet dog? Do you want to live close to your family? Does your property need a room for each resident? These are just a few questions that the buyer needs to answer before starting to research the property.
Ignoring this step is very dangerous, as it is similar to when a person goes to the supermarket without the shopping list and ends up spending their money on products that they do not need.
Another very important point is the location of the property. This factor will influence the valuation of your investment, and may help you to obtain a good profit margin when selling.
In addition, living close to the work or school of the children can be something that positively affects their routine. Check for the existence of functional public transport or the quality of traffic in the region to avoid being surprised by congestion after the purchase of your first property.
How to make a business safe?
In the same way that the driver consults with trusted people, friends and experts before buying a car, a person who wants to buy his first property needs to be careful in the way he does business.
Make sure the seller has ownership of the property. To do this, do a search at the Real Estate Office of the region. If your purchase is made using a loan, several certificates will be required to ensure that everything is OK with the property documentation and that the seller can sell it.
Counting on the advice of a real estate agent reduces the risks of the contract. Therefore, do not exclude these professionals and real estate agents when searching for the first property.
Also, don’t forget your documents. If you have lost any of them, do the duplicate and avoid having to chase these papers at the last minute.
Having the contact of a trusted broker can also be helpful, in addition to a real estate attorney.
Remember to include documentation expenses when closing the purchase accounts. You will need to prepare, for example, to pay the Real Estate Transfer Tax (ITBI), the cost of which can reach 5% of the purchase price, depending on the city.
How to evaluate the property?
Visit the property at different times of the day. That way, you can get a complete sense of the property and the neighborhood. Photograph the property so you can remember important points. Don’t just rely on your memory.
If the house has undergone a recent renovation, question the motivations of the work, in addition to discovering what has been changed. Keep in mind that old properties may require changes to the plumbing or electrical restorations.
Stains can indicate moisture and seepage, which in the long run can damage your furniture and harm the health of the resident.
Do not forget to observe if the architecture of the place is to your liking. Some people buy old properties with the intention of renovating them, but this can be very expensive. If you noticed the need for changes, make a budget for this work and add it to the purchase to see if the deal is really worth it.
If you are buying a new property, research the reputation of the construction company and, if possible, visit other company developments to see if they have problems related to the quality of the workmanship used or materials used.
How much can you pay?
Finally, this will be one of the questions that will define the choice of your first property. In this case, establish a maximum value for the investment and check the best way to achieve it, either by selling other properties, using FGTS or real estate financing.
The value of the installment of a real estate financing is one of the most important items when you want to buy a financed property. The financing lasts an average of 8 years to be paid, so take this into account. It is an investment that will require discipline on the part of the buyer.
If you have a balance in your FGTS account, be sure to use it. In general, this value yields very little and using it to invest in the real estate market is the best way to not waste that money.
This capital can be used to increase the value of the down payment, reducing the impact of the installments on your personal finances. In addition, during the financing, it is possible to use the FGTS to amortize the installment debt.
If you still don’t have a deadline to buy your first property, start saving money right now. Any amount saved, however small, can make a difference when investing.
Okay, now you can feel more prepared to acquire your first property! It is always important to research and realize that impulsive shopping is often not the best option. Think, research and buy! This is the way.
We want to understand your doubts about the real estate market. So feel free to leave a comment suggesting a topic for the next post!