Buying a house is a project that matures for a long time and often requires good support. The possible options for becoming an owner are indeed varied; each with its strengths and limitations. Whatever form of acquisition you choose, it is then important to know what approach to adopt until your dream comes true. Here is a little practical guide which will be most useful to you in carrying out your project.
What are the options for buying a house?
Are you ready to become a homeowner? This is a great project! To make it a reality, the first necessary decision concerns the form that this real estate acquisition must take. In this context, you have the choice between three main options:
Buy in the old
In real estate jargon, this expression refers to the fact to buy a home that is or has already been lived in. This option has several advantages:
One immediate purchase and one relatively quick move in. If, for one reason or another, you are in a hurry to integrate your home, this may be the ideal solution;
The cost. For the same characteristics, an old property is generally less expensive than a new one. Of course, it is important to carry out a careful evaluation, taking into account any work necessary after the purchase;
From generally better located housing. If you are looking for a property in the city center, you are logically more likely to find in the old one;
Various fiscal advantages : several measures are in force to encourage investment in old housing. So ask about it at the time of purchase.
However, it is important to properly assess the project and the real possibilities for customizing the property.
Buy a new house
The principle here is tobuy a property, already existing or not, which has never been inhabited. This is particularly the case if you choose to buy a turnkey house. For this, you can make your choice among the constructions of a new real estate program in the area that interests you. Depending on the case, you can follow the construction from the start, or buy a building that is already ready to move into.
By opting for an investment in new buildings, you have the possibility of offering yourself a accommodation as close as possible to your dreams. Of course, certain constraints linked to the harmony of the real estate program and the PLU (Local Urban Plan) must be taken into account.
This choice also gives you the assurance of purchasing a House meeting modern housing standards. In principle, therefore, you will not have no renovations to be expected immediately.
Note, however, that buying new is generally more expensive than buying old.
Build your house
This is the most expensive option, but also the one that offers the most possibilities in terms of customization. If you’ve always dreamed of a tailor-made accommodation which is unlike any other in the subdivision, this is what you need. Here you can participate from start to finish in the design and construction of your home.
This implies a first purchase: that of the land. You can then offer yourself the services of a architect for plans, then a contractor for the construction. At each of these stages, it is important to make the right choices. This represents an additional risk. In addition, having a house built involves do a lot of the paperwork yourself. Finally, this option logically requires a relatively long waiting time before being able to settle in his new home.
Once you have decided what form of acquisition you want to achieve, you can move on to the practical phase. To do this, take the following into account:
This is a decisive criterion for your real estate acquisition project. The location depends on the price, but also the type of house you can afford. Indeed, certain constructions are not possible in certain areas. Choosing the right location for your future home is also very important if you plan to rent it out or even sell it later.
The price and the financing
To quickly have a rough estimate of what your future home will cost you, you can do a search taking into account the location and the criteria you are looking for:
Number of pieces ;
Living space ;
New or old housing;
Exterior fittings, etc.
To do this, you can use an ad search engine like the one at Bien Ici. Define your different criteria and refine the search as much as possible. You will then access a detailed list, with the possibility of geolocating the various properties listed.
When it comes to financing your purchase, find out about the tax advantages you could enjoy depending on the type of real estate transaction and your profile. Also take the time to discuss with your bank and your credit organization in order to obtain the best possible conditions if you wish to resort to a mortgage.
No question of buying a property before having visited it. If it is an old property, therefore schedule visits and counter-visits before making a decision. Pay close attention to all the details in order to make a wise decision.
If you plan to buy a new house, do not hesitate to ask the contractor to show you the model houses. Otherwise, virtual tours can also do the trick. Again, be sure to ask all your questions to the contractor and to clear up all possible ambiguities.
Get support and advice
Throughout your home buying process, the advice and support of a real estate professional is strongly recommended. This will allow you to avoid certain pitfalls, find the right property more quickly and buy a house that really meets your expectations.