Things to consider before buying a home

The purchase of a home is one of the most important economic decisions we make in our lives. It is a step that should previously and well prepared. Here are some key things to consider before giving it here

he purchase of a home is one of the fundamental economic decisions, if not the most, we took over our lives. Involves making a significant economic effort into debt for years and even if we have bad luck, so the risk of losing by default on the mortgage. In addition, normal for most people is that the house you buy is where dwell the rest of his days. It is therefore a decisive step, to make it well, you need a lot of preparation.

The first thing to consider is how much money you can afford the home. This issue is too often forgotten during the years of the housing bubble and people came to pay for housing up to nine and a half times the annual income of the family unit, in mortgages thirties. This meant spending more than half of the family income to pay the mortgage, which was a big risk because if one of the two members lost their jobs or their business project broke down dramatically the number of people professional services required, that family would have many problems to face the payment of the bill from the floor. It is recommended that not a home page for more than three or three and a half times the annual income of a family.

Then you have to remember that in addition to price, tackling all taxes and deed costs related to the purchase of housing and related taxes such as the real estate property tax or garbage rates many Councils-. And you also have to include community fees and insurance related to housing.

Once these calculations to see how much it really costs to house one should explore the neighborhood where the property is located and see if there is a reasonable setting shops for daily shopping; bars, restaurants and other entertainment; shopping centers; health centers; etc. It is also advisable to first find out what means of transportation for the district, especially when it comes to new neighborhoods. Do not forget that it is likely many years living in that house and all those things make your life easier.

When you start the process you can go to any agency of real estate, but do not forget that they also have another alternative: specialized Internet portals in all matters relating to the purchase or rental of housing. These portals you can make things easier because you can set the search criteria that interest you, such as location, type of housing, size and number of rooms or price. However, you should note that the portals will only find property information to be announced there. Therefore, it should complement the use of Internet with an on-site examination.

Normal in the process of buying a home is that you take some time to find one that you really like and to your wishes and possibilities, or simply one that suits you fits. Typically, you are having seen several homes before choosing one. In this regard, it should make a picture with the pros and cons of each floor that is visited and relate them to the list of things you want, as the floor is outside or not, whether it is in a complex with gardens and swimming pool, if you have air conditioning, storage and / or parking space, the age of the building, etc. All this will help in the selection process.

However, keep in mind two things. Finding the right home can take time. Therefore, do not be discouraged if you think you have not come up with what you want, do not panic and do not rush. You can, and should, afford to wait until you find what feels comfortable and can afford.