How to save for a house

Buying a home is a luxury especially in difficult times where we hear the word "crisis" everywhere. A house of their own is a good that generates a long-term commitment and mortgages represent years of work for the payment of housing. You should know that there are several ways to save to invest in a home of your own, and in this article we help you give some tricks so you can learn how to save for a house . Ready to discover them?

one

Plan your expenses for each need. To save for a house it is important that you have a thorough control of the expenses that you make daily; You can estimate a monthly figure for family outings and enjoyment of the home, as well as for extra purchases, trying to never leave the budget you have set.

two

Compare prices . You can start by choosing the type of housing you want (and can afford) and the place where it is located. This last point is very important especially if you want to have a brand new apartment at more affordable prices. The central areas have more expensive floors. It is important that you know how much the mortgage will come out, so in this article we tell you how to calculate the mortgage payment.

3

Buying floors to restore is an option that many people adopt today because they come out cheaper. Having a renovated apartment raises the price of housing above what the reform cost. Go ahead and choose a floor to reform and previously get the accounts, ask for estimates of what it costs to reform it as you want.

Reform companies are always fighting to give a better budget to their potential clients. In this article we tell you how to save on the reform of your apartment.

4

Keep in mind that, in addition to saving for the purchase of the apartment, you also have to reserve a part of the money for the other expenses that you must assume from the mortgage; those that we do not always know as life insurance, a policy that in case of death of the person responsible for the mortgage leaves free of charge to their relatives.

In this sense, it is advised that you have estimated a budget of 20% above the value of the property. Remember that there is a quantity of expenses referring to the purchase of housing that you must do compulsorily. The so-called purchase costs and taxes that include procedures, lawyers and management.

5

Make a counter offer if it is a floor that has already been inhabited. Go ahead and make an inferior proposal that is within the parameters of the value of the property. It is important to advise you well and compare properties of the same characteristics to make your proposal with the owner. You could save an important sum of thousands of euros.

6

Compare mortgages, your bank may not always have the best option for your mortgage. Making a comparison of mortgages by bank will give you more comfortable options, even more easy depending on your type of employment contract, salary and initial capital. It is true that you can also negotiate with your bank the price of the mortgage, so that you know how to do it consult our article in which we tell you how to negotiate the mortgage with the bank.

7

The best advice Taking a step as big as getting into a mortgage can be the most important event of your life. If you feel you can manage it calmly, then do it! The best thing will be to not feel repressed month after month for not being able to pay the mortgage, or stop paying other expenses that are necessary for you. Invest with awareness so you can achieve your goals.