What to avoid when buying a house!

Buying a house is an exciting and significant project in anyone's life. However, this decision also comes with a number of challenges and risks.
In this article, we'll explore the mistakes to avoid when buying a house, as making mistakes at this stage can have a lasting impact, both emotionally and financially.

The most common mistakes when buying a house:

1. Not sticking to the budget: one of the first and most critical mistakes made when buying a house is not setting a proper budget. Before we start looking for a house, we should calculate what our maximum budget is and, of course, always stick to it. This is the only way to avoid incurring costs you can't afford;

2. Not considering additional costs: when you buy a property, you have to take into account the additional costs of paying taxes, registering with the land registry office, as well as any renovations that need to be carried out on the property to make it completely to your liking;

3. Not inspecting the house properly: sometimes we are not very meticulous when it comes to observing the house and its possible defects. It's best not to miss any of them and to look carefully in every corner. It's best to consult an expert in case of doubt or get advice from family or friends who are experts in the field. This is important because, once the purchase has been signed off, any defects and the corresponding repairs, in the case of a new build, are subject to the property's warranty period;
   We also advise you to take the following aspects into account:
    - The neighborhood, the availability of schools, kindergartens, public transport, etc.
   - Noise in the street;
   - Proximity to parks and areas suitable for children (if you have children);
   - Parking problems;
   - The existence of suitable services that make everyday life easier.

4. Not knowing exactly what you need: it's not a good idea to get carried away when buying a house: it's very important to be clear about what you want and need. We should also bear in mind that our circumstances may change in the not too distant future. So it's not a good idea to choose a one-bedroom house if you plan to start a family in the short or medium term;

5. Not doing thorough market research: lack of proper research is another common mistake when buying a property. Market research is the compass that guides buyers in the right direction. Skipping this step can result in overpaying for a property or missing out on valuable opportunities. It is therefore crucial to investigate average prices, market trends and the appreciation of different areas before making a decision;

6. Not correctly calculating the cost of home loans: if you have to apply for a loan, make sure it doesn't exceed 30% of your income. If you don't, you could have serious difficulties getting it approved and have to postpone your dream of owning your own home;

7. Not listening to the experts: real estate agents and developers can help you find the house that best suits your needs. In addition, they have experience in these matters, so they can advise you when making a decision.

Buying a house requires you to put all five senses into action. So take into account the tips we've compiled in this article and count on our help to make this process more exciting.