What should I pay attention to when purchasing property?
Before you start the purchasing process, you should think about what you expect from purchasing property. Is it a rental property, or would you like to live there yourself? After your motivation, you consider your requirements. The next step is to balance your requirements with the market situation.
You should already have calculated the maximum price of the property. Don’t forget to include additional costs and possible renovation costs in the calculation. However, the most difficult part is picking the right property. Once you’ve found an interesting property, it is important to take a detailed look at the essential decision-making factors. This will protect you from unpleasant surprises.
Important decisive factors:
- Condition of building
- Construction quality
- Housing allowance
Other decisive factors for investment properties:
- Rental prices