Buying an apartment might seem like a distant goal for young people just starting their careers, but with proper planning and clear strategies, this dream is entirely achievable. Understanding the options available in the real estate market and how to use them to your advantage is key to taking this big step.
One of the main challenges young people face when considering buying a property is understanding how to buy a house while young . This involves having a clear understanding of how the real estate market works, the financing options available, and the steps to take to make informed decisions.
We are reproducing this article published by Ciudaris Inmobiliaria, which offers practical advice to help you plan and execute this important goal.
Start the internet search
If you're young, you have a significant advantage when buying your first apartment. These days, all real estate companies are giving greater prominence to digital channels, which are much easier for you to use.
Online resources are the fastest, easiest, and safest way for young people to search for, analyze, and buy a home . You can find answers to all your questions there: from location and neighborhood safety to price, finishes, and, most importantly, whether the builder is trustworthy.
On the other hand, we all know that time is precious. For many people, visiting model homes of properties they're interested in takes up a lot of their time. While speaking face-to-face with a sales agent is helpful, nowadays it's much simpler to use the internet to buy an apartment for young people.
You have alternatives such as virtual tours of the apartments for sale or direct contact with company agents who are ready to answer your questions. These are channels that work in your favor and you should use them without hesitation.
mortgage payment is quite similar to the monthly rent payment. Therefore, it might be much more sensible to opt for financing than to pay for a property you'll live in, but won't own.
In that sense, you have the option of applying for a mortgage without leaving home. It's a fairly simple process. Furthermore, you have access to online payment calculators and other tools that simplify the process.
Choose the properties that suit you
If you're young, you probably have a different lifestyle than the average family. Small spaces are likely not a problem for you. Plus, you don't need many rooms.
It's best to opt for smaller properties (between 60 and 100 square meters). These are not only more affordable due to their size, but they also better suit your lifestyle. After all, less space means fewer rooms to organize and clean, as well as savings on utilities.
Use government assistance programs
Another aspect that works in your favor is the different programs available for buying a house for the first time as a young person.
Source: https://www.ciudaris.com/
Photo: External source.
