Having a home of your own is the dream of most Brazilians, as well as being a milestone in financial life. Failure to pay rent and acquire a good like this is a very important step, but in pursuit of this desire, many people end up making hasty decisions when buying the first property.
Leaving some care aside can cause mistakes that weigh on finances and mess up family life. To avoid problems and help you in this step, we have prepared this article with 5 errors that you need to avoid. Check out!
Do not plan
First of all, you need to know exactly what type of property you are looking for. House or apartment? In the center or in a more distant neighborhood? New or new?
Size is also important. If the family wants to grow up and have children, it is interesting to buy a property with space left over. In condominiums, there are also entertainment options, such as swimming pool, sports court, grills, among others.
Debt is not good when buying the first property
Defining the type of property you prefer, it is crucial to know what income guarantees you will have in the long run, since the investment is not small. For many people, this is a debt that lasts for decades or even a lifetime. So be very careful.
A great expert tip is to never commit more than 30% of your monthly family income to debt. Of course, this includes home ownership. One little secret here is to use applications that help keep the budget under control.
Another important point is to try to finance the lowest possible value, that is, to plan to give a bigger entrance. In real estate financing, interest rates range from 6.5% to 12%, and even though they are not the largest on the market, you need to be cautious and not take on debt before putting everything on the tip of the pencil.
Also remember that you will have costs with the deed and legalization of the property. The good news is that the first property has a discount of up to 50% at the notary’s office. This stage is fundamental so that the purchase and sale relationship is not based on a contract without legal validity. The most expensive rate is the Tax on Real Estate Transfer (ITBI), paid to the city hall, and its value varies from 0.5% to 2.4% of the property price.
Do not research about the construction company
Another common complaint when buying the first property are the problems involving real estate in the plant. How many people wait for the delivery of an apartment for years, listening to justifications and excuses of the builders?
In a way, it is impossible to have the exact guarantee that the property will be ready on time. However, it is possible to search the builder’s history and find out if he or she usually does the set. It does not cost anything to do this search, right?
Do not do a careful inspection
If you plan to buy a used property, some extra care is needed. When visiting the place, take the opportunity to do a detailed inspection. Want some tips? Write there:
• If the facade of the building is in poor condition, a remodeling can be done soon, making the condominium more expensive;
• Turn on all showers and house lights at night, at peak times. If there is instability, the power grid needs reform;
• Check for possible stains on the floor and walls: they can indicate moisture, leaks and leaks;
• Make sure the water is completely in the toilet. If there is any movement, it may be a leakage signal.
To think that the crisis only disturbs
It is true that moments of economic instability bring many bad consequences, but they can also be synonymous with opportunities. With the crisis, the demand for real estate falls and, consequently, prices as well. This can be a great time to buy the first property because, when the crisis passes, your property will be more valued.
We hope you enjoy this information and get away from it! Was there any question about the purchase of the first property? Share with us through the comments!