Buying a house is a big step that should be considered carefully. Which questions you should ask in advance and the most important tips sell my house fast houston, what to consider when buying a home, has put together Immonet.
Tip 1: Check your financial position
Buying a house is worthwhile if you are looking for a relatively stable investment that you can pass on to your children. As a pension, your own home is also well suited if it is paid off until retirement and only the monthly operating costs incurred. Financially, a home purchase with equity of about twenty to thirty percent of the purchase price makes sense. Favorable interest rates and manageable duration also make buying a home attractive.
Before the search for a suitable object is the Kassensturz. Make a detailed budget statement with all income and expenses. So, you can see how much money you have monthly for installment loan rates. Also, consider how secure your job is and how you can service the loan in the event of loss of earnings. The more equity you can raise, the lower the loan amounts.
Do not rely on the equation “rent equal installment” in your calculations. This usually does not work. If you are planning to buy a home for own use, the monthly allowance for ancillary operating costs is added to the monthly loan installment. You can spend money on household energy, property tax, building insurance, garbage collection, sewage and other costs that are incurred by maintaining a house. Depending on the structural condition, number of people and lifestyle (bath instead of showers, high heat demand, etc.), the monthly additional costsat a house between 2.50 euros and three euros per square meter of living space. Furthermore, you as a homeowner have to pay for repairs yourself. For this purpose, a maintenance reserve should be formed, as is customary for condominiums. A monthly amount of € 0.50 per square meter is recommended for the maintenance reserve by experts.
Tip 2: Compare financing offers
Use our mortgage calculator and calculate your possible monthly fee after entering the purchase price and the equity. So you can catch up on financing offers from various banks and compare them in peace. Find out more about funding opportunities (residential Riester, loans from KfW, etc.).
Tip 3: Think carefully about where you want to live
Think about whether you want to live in the chosen region for a long time. What is your job situation? Is there a change or a change of location before you? When moving, a house can be an obstacle. You may have to sell with great loss of value.
The location of a house is immutable, but not the environment. Before you decide to buy a house, ask the building authority or city development department for construction plans for the neighborhood. Road construction changes, the establishment of a commercial area or a redevelopment area change the living environment.
Tip 4: How to find your new home
On Internet portals for real estate such as Immonet you will find out about suitable offers. Let your circle of acquaintances know that you are looking for a house to buy. You should definitely visit different objects. Look around the area and watch for noise and smells. Research the infrastructure: Are schools, kindergartens, leisure facilities and shopping facilities within an acceptable distance? What is the parking situation? Talk to the residents in the neighborhood. These often have valuable information and you get to know each other.
Arrange appointments in daylight, then you see defects, damage and property condition better than with electric lighting. Pay attention to the condition of the facade, roof and attic as well as cellars and windows. Take a camera with you.
Tip 5: Create a questionnaire
The Expose of the house you already take a lot of information, but not all. Create a questionnaire. This list includes questions about:
- Completed renovations or renovations
- Age and type of heating system, insulation and energy certificate
- Texture of the windows and the roof
- Floor plan with marking of load-bearing walls for possible conversion
- Light, directions
- Operating expense reports
- Reason for sale and duration of vacancy
- Remaining fixtures such as kitchen or cabinets
Checklist for buying a house
How to proceed when buying a house:
- List all receipts and expenses
- Looking for suitable real estate
- Create a questionnaire
- Visit eligible properties
- View building plans of the city
- Price negotiations lead
- Obtain financing offers