After all, how to fulfill the dream of home ownership?
A great desire of many Brazilians is to know how to make their dream of homeownership come true. This is, in large part, because rent expenses do not pay off in the long run. Therefore, many people feel that this money could be better invested.
However, at the same time, the purchase of a property is not a simple objective to be achieved, as it involves a high value and, in general, to be paid in the long term. Therefore, it is essential to have discipline and organization, in addition to knowing how to make good choices. Follow the article and check out some tips that will help you not make mistakes!
Why do we dream of owning a home?
For some, getting out of rent is what creates a real sense of freedom. Buying a house or an apartment and being able to renovate it, make it your own and feel comfortable in something that is yours, corresponding to the realization of a dream. Purchasing the first property can bring all these feelings and other dreams involved and is a big step for many people who aspire to this achievement.
It is also normal, throughout this process, which involves a lot of research, comparisons and points to be considered, to feel anxious or insecure with so many details to look at, all very important when it comes to making a good choice related to the quality of life.
Despite all the processes, choices, and emotions involved in this process, the dream of homeownership exists because of the security and stability it gives to those who decide to invest in a property.
How to Buy Your Own Home
To realize the dream of owning a home, it is necessary to plan well, especially with regard to the money that will be spent in each of the phases. This means you’ll need to organize yourself to put together a down payment, documentation, and installments — which can be a different amount than the rent.
However, it is not just that. There are a number of other criteria that need to be considered before making the decision and making the purchase. In the following topics, we give tips so you don’t get it wrong!
Search the areas where you want to live
Location is undoubtedly one of the most important points in deciding which property to buy. After all, this is where you will leave every day to study, work, shop or go for some weekend leisure.
It’s worth choosing a location with easy access to the means of transport your family uses the most. You need to check if there are bus stops close if the lines meet the shifting needs of you or if any van school caters to school children.
It is also important to think about the structure of the neighborhood that your family considers convenient to have around, such as pharmacies, daycare centers, grocery stores, bakeries, schools, among other commercial, educational and health establishments.
As each neighborhood offers a different infrastructure, and this greatly influences the quality of life, it is important to adopt this criterion and carry out this type of analysis in any place that you think is worth living.
Find out which type of property meets your needs and expectations
The ideal is to assess the size of your family, to find out if you need a property with more rooms and planned rooms, and if you have pets, who need more space, for example. All these factors are very relevant, and perhaps definitive, when choosing the type of property that meets your needs.
Finding out about details of the property, such as the number of parking spaces, whether there is an elevator (if so, how many and what conditions), size of rooms in the internal division of the house, are considerations that, in the long term, ensure more security and comfort for future residents.
As for the interior, details and decoration, you can choose an interior design later and make your home even cozier and with your personality.
Make budgets
Now that you’ve thought about what you need to find in the neighborhood of your dreams, you also need to think about what fits in your pocket within your financial reality. Budgeting is the best way to handle this.
Checking how much you can spend, how much time and how much down payment interferes with each business, makes your planning realistic and shows whether it is better to add more money or whether paying in installments makes more sense for the family’s plans.
You can talk to the construction company’s sales representatives and even evaluate the possibility of financing. At that time, it is already possible to carry out a credit analysis and check the conditions offered by the financial institution.
Set up a purchase plan
As unforeseen events happen, the best thing at these times is to be prepared. Making a budget also helps so that no one is taken by surprise, so putting together the entire purchase planning is essential.
After choosing the property that meets your needs, financial planning is essential for a realistic view of this all-important purchase. Calculating time, installments, documentation amount and how much it is possible to invest per month to make this dream come true is a step that will put much more security in the planning and will be the most important to get it off the paper.
Being aware of how this expense will impact your personal finances is crucial for you to plan properly or, if necessary, adjust expectations and reduce the maximum value of the property for your reality.
Save money
It may seem obvious, but this is the first attitude for those who don’t do it yet and want to buy their own home. Going through a financial re-education and taking care of expenses are essential attitudes so that this dream and the purchase steps can come true.
Ideally, first of all, you already have your emergency reserve in place. It will bring even more security for you to realize your dream of home ownership, as it can be used to cover possible unplanned expenses.
By organizing your financial life and putting everything at the tip of your pencil, it’s easier to know if what you need is to learn to invest your savings, start saving money, or even, before all that, reduce your expenses and pay off current debts to focus on the homeowner’s plan.
Evaluating the points mentioned here, you can choose the option that best suits you and your family. In addition, it will be easier to know how to fulfill the dream of owning a home, ensuring security for the future in a planned way and with less chances of making a mistake in the choice.
The construction company Living loves to be part of these stories and closely monitor the realization of dreams. Therefore, it strives to build relationships and deliver properties that exceed people’s expectations. In the video below, taken during a live promotion by the company, you can check out some very exciting testimonials.
To help you make your home-ownership dream come true, check out the annual personal budget spreadsheet and start controlling your finances now!