Español BEFORE BUYING A PROPERTY
Learning the best way to purchase the perfect house for you without being influenced by a fantasy can ensure that you keep your assets. After we take the decision to buy, our first thought is to buy something comfortable, with the ideal size where children can grow healthy.
Every Family has the aspiration of purchasing a home, but there are some things that we have to consider before making this important decision. Fist issue is to decide the size of the property according with the size of the family, but above all is to calculate the maximum budget the family has to acquire the dream home. Calculating that whatever happens, the mortgage monthly payments must be paid on a timely matter, this is a very important decision, especially when it is the first property.
If in the future the family income improves, a second property could be purchase, in that case one can be rented to get a second income, or sell one of the two or get a larger one.
Questions that could help you make a better buy:
• How many people will live in the house?
• Are children or adults?
• Is your income four times larger than the monthly payment for the property (property)?
• After making the monthly payments do you have left at least an equal part for savings?
• What if with in a year or so you lost your job, how difficult would it be for you to pay over the next 12 months the monthly payments?
• Would you have the capacity to buy a smaller home but less expensive in cash instead of financing?
Acquiring a property should be seen as an investment. Interestingly an investment is something that generates more profit than what has been invested on. Do not neglect this point, since the idea is to eventually buy the dream home and that the dream does not turn into a nightmare because one cannot afford it anymore.
In the end, you want a beautiful property, large and quiet to enjoy a happy life. What do you need to sacrifice at this time?
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