The purchase of a house or apartment is for many people one of the most important projects of a lifetime, the fulfillment of a dream. But making the decision to buy is not often easy. There can be many questions and uncertainties and you must be careful of emotion-driven, impulse buying, which can lead to bad choices. By following advice based on common sense, it is possible to eliminate doubts and proceed with a home purchase more confidently.
Apartment or house. Old or new. With or without renovations. Before setting out on a property search, it is better to define exactly what you want. Defining your requirements means describing the features that you are looking for (number of rooms, sunshine, terrace, garden, etc.) and the location (close to schools, shops and transportation). Depending on your choices, you may be entitled to tax incentives (upgrading to new energy-saving standards) or to a government aid (Anah). Think about prioritizing your needs!
The budget is a reference point, determined by the limit of your monthly mortgage payments. A few months before you start your search, your banker can help you determine this budget by proposing financing options. He or she can also inform you of different types of loans that are available: interest-free loans, in fine loans, bridge loans, and so on.
You want to buy an apartment of about 100 square meters with a terrace and private parking in Lyon. Your search has led you to 8 possible choices that correspond to your criteria and budget. Shortlist only 3 or 4 apartments. This makes it easier to compare properties.
The estimation of the fair market value of real estate enables you to evaluate the fair price at which it could be bought or sold under normal conditions of a free market. If the true value of the property seems higher than the asking price, the investment would seem to be to your advantage. If on the other hand the contrary is true, you would be better off making another choice. You can use the services of one or more real estate agencies to determine the value of a home, but an independent expert can offer more in terms of true technical appraisal and would not be in a situation that could be best described as a conflict of interest. Read the following
Only a technical assessment before purchasing will allow you to eliminate any doubts as to any building pathologies. It will allow you to control every aspect of your future house or apartment and the reliability of its equipment. You will thus be able to identify the “flaws” of the property and any latent defects, as well as evaluate, understand and calculate any corrective solutions for anomalies, nonconforming work or faults. You will avoid unpleasant surprises if a full inspection is done, from the cellar to the attic. Read the following.
When you have all this necessary information in hand, you can negotiate the best price with the seller by referring to the appraisal report, which can also facilitate obtaining a bank loan.
The right real estate appraisal and/or consultation for you
The technical opinion allows you to check whether the house or apartment you want to buy is free of anomalies, defects or damage.The economic opinion (estimated value) will ensure that the sale price corresponds to the true value of the property and to calculate the cost of the repairs needed. Discover this real estate consultation.
Discover this real estate consultation.
The economic opinion (estimated value) will ensure that the sale price corresponds to the true value of the property and to calculate the cost of the repairs needed.