Diana Banks - Baserva
Date Published: 2021-07-19
It is important to know where to buy, the area and its benefits. However, to select the right location it is necessary to know the budget we have. As a Real Estate Agent, I can assist you in every step of the way during the selection of the area.
As a first point to take into account, it is essential to know what you want the property for: To live, to rent or as an investment?
PROPERTIES FOR INVESTMENT and PROPERTIES FOR RENT
If your thing is to invest and you want a property that will pay off, then we suggest you be flexible with the selection of the location. Your main motivation should be focused on the protection of your capital and how to make it grow. Choose your target market, that is, to whom you want to rent the property: students, new families, established families, singles, etc. Then select areas where such market is located. It is also important to take into account the statistics of changes in property prices in the area, to know if you could generate profits once you decide to sell it in the future.
MAIN HOME OR VACATION PROPERTY
It is important that the safety and comfort of your family be the main goal in this decision, so you should take into account the following variables before selecting the area where to buy:
Your future taxes and liabilities may be affected if you buy your new property with a company or buy under your own name. A Real Estate Agent can help you select the best option. It is common to observe that the use of an LLC (limited liability company) is the most frequent due to:
There are some terms and conditions that you need to know before buying a property in plans or in pre-construction, in other to avoid looking bad when signing the contract…
The payment method to use for the purchase of a property will depend on the amount of money you have available to invest, as well as your credit reputation. The budget you have will help you choose the area, the type of land and the dimensions of your new property.