Buying a property could be a very important decision in a lifetime, you have to spend all your life to pay for it, that is why when come to property purchasing, people getting nervous.
There are few important steps you have to think about before make your decision.
First of all, you have to ask yourself, are you ready for the commitment? To begin the journey, you have to prepare at least 10% of housing price as a down payment. Besides that, make sure you have enough monthly income, to fulfill the housing loan application requirement. Normally, your total commitment(housing loan, car loan, credit card outstanding etc. ) shouldn’t exceed 60% of your monthly income. This will help you to work out your budget.
Secondly, decide which area you plan to stay, do the research first before start your searching. There are few channels you might gather some property knowledge, including newspaper, online forum, or simply call up the area specialist for more details. Take note that, surrounding and future development are some of the key issues for the future value of the area.
Checked your financial status, confirmed your area and budget, now you can start to look out for your dream home!