The price is getting bounced make houses more difficult to reach by the younger generation. In fact, in addition to a primary need, the house is also a good investment.
But before deciding to buy a first home, there are things that should not be taken into consideration so as not to regret later on. Here’s his review:
1. Do not buy a house if you intend to move
The idea of ??owning their own home is indeed encouraging. But if you have a plan to move or do not intend to stay forever there in the next few years, you should think about it.
The house is a profitable investment. But when the property market was really lethargic, you may only get a price below the market when they want to sell.
Likewise, if for example you buy a house in the place of your birth, but work in another city. There you have to pay the mortgage every month, plus operational costs such as electricity, but not livable.
The solution, if you do not intend to occupy the home you buy, the house can be contracted out to other people because it will be more profitable.
2. Do not buy a house beyond the abilities
House with spacious, quality materials, and a beautiful design. Who does not want to take on a house like this? But do not let this desire makes you limped in paying installments.
Remember to pay off the mortgage is not just a year or two, but can be up to 20 years! To get the numbers installments according to ability, calculate the budget for daily necessities, savings, investment, insurance, and others. Lest they should pay off the house, so you do not save and invest.
3. Do not pay DP in a minimal amount
When you have no intention to buy a house, then the first step you should do is gather DP (Down Payment). Because if the DP is paid less, installment paid even bigger. This means that the value to be paid far beyond the actual house prices.
Although now many developers that let buyers pay DP like-like even without DP, DP set up at least 20 percent of the price of the house so that installment lighter.
4. Do not forget the other costs
Buying a home is not as simple as paying for the selling price of the house. There are many costs that sometimes escapes prepared. For example the cost of mortgages, notary, booking fees, and others.
Then also count the costs incurred after staying there as the cost of security and hygiene. With the addition of these costs, it could be the house of origin after the budget be over budget.