If this is your first purchase, you need to consider these three key points: analyze your budget, make a long-term projection, and choose your dream home wisely.
If you want to know how to buy a house but you still don't know what the process is, In this step-by-step guide you will find the help you need to acquire a property. according to your lifestyle and comforts.
In case you want to invest in any of our houses in Villahermosa, in projects 253 we offer you a very complete guide.
1. Analyze your available budget
Plan based on your available money will help you buy a property that does not represent a loss, but rather a smart new investment. Here, it's important to consider those that are within your budget.
Sometimes, it's a good idea to access a bank loan as a source of financing, as some institutions offer lower interest rates compared to the investment rates at which you hold your money.
There are exceptions where some buyers use an Infonavit mortgage loan to avoid losing their investments, as this option allows them to protect their current assets.
Applying for a loan is only a viable option if it's part of your financial strategy; everything will depend on your future plans.
2. Identify your expectations
Are you looking for privacy, comfort and exclusivity? Identify the reasons that motivated you to choose a new property and write down what you're really looking for. Ideally, this decision will meet the needs your current home doesn't.
And in case you are looking for a long-term investment, this point is also important, since it will give you a future vision of the projects you can do with the property.
If your expectations are unrealistic, feelings of confusion and stagnation are likely to arise, so we advise you not to neglect this step.
3. Make a list of the essential features
What specific features should the ideal home have? Pleasant views, a pool, terraces, a study, a game room, bedrooms with walk-in closets, a double garage, a storage room, laundry areas, green areas, built-in kitchens, two stories...
All of this must be specified in your purchase plan.
The goal of having a house where you can spend your days peacefully and that allows you to enjoy a harmonious and exclusive environment, requires you to opt for properties under development, as they are conducive to tailor-made customization.
4. Investigate the necessary procedures
It is important to study the procedures for purchasing a property.
To do this, it's a good idea to find real estate agents who can guide you through the process step by step. It's also advisable to seek financial and legal assistance from professionals in the field.
Additionally, to buy a home in Mexico and use financing, you'll likely need to know all the purchase requirements that apply in your city.
You'll want to check with a financial institution about the types of credit available, the down payment required, monthly payments, notary fees, and whether you have a good credit history. It's also a good idea to check your credit report.
Not having the required documentation on hand could make you miss out on a great purchasing opportunity, so Make sure you plan ahead for the necessary procedures to acquire your dream home.
5. Rely on a professional team
Making an independent assessment of the available purchasing options can be difficult, especially considering that Some properties are priced very attractively for other investors.
The competition is real, so make sure you have the support of the right professionals so others don't get ahead of you. Even more so if you're in the real estate business.
They'll ensure you meet all the requirements for purchasing a new (or used) home, and that the process is aligned with the necessary laws and regulations.
6. Research the total value of the house
The property appraisal considers current market demand, the property's location, and other factors that increase its economic appeal, such as parks, nearby entertainment areas, schools, clinics, and more.
It's worth noting that exclusive homes appreciate over time, so you'll have an asset whose value is constantly growing.
7. Review the quality of the available services
The goal of this step is to anticipate future problems, this way you can review in good time the regularity and quality of the basic services of the home.
Electricity that doesn't fluctuate, gas service that is permanent, water flow that is constant, and communications that are good quality are just some of the essential requirements that a property must meet.
Some people overlook this step during the buying process, and while it may seem logical, not all real estate agencies take it into account when making a financial offer to clients.
8. Check that it is a secure site
Does the residence have controlled access? Is it guarded 24/7? Is it fit for occupancy? Is it a quiet location? If you want to buy in a high-status area, Site security is an important requirement.
Make sure you invest in properties that comply with the appropriate security and privacy measures, like those we develop at Proyectos 253.
9. Inspect the property
Check the quality of the finishes and small details that are easy to overlook, such as how the faucets work or whether all the doors are installed correctly.
Make sure the electrical installation is complete and in line with the aesthetic needs of the property. If your goal is to buy to sell, the finishes play a fundamental role in the process, since the value of the house also depends on its condition.
10. Make a financial proposal
Once you've decided on the property you're going to buy, it's time to make an offer that appeals to all interested parties. In this proposal you must consider details such as delivery times and conditions.
If you already have everything you need to buy a home, it's time to take action.
Get the home of your dreams with our team of experts
If you're thinking of purchasing a residential home to live with your family, to give to your children, or as a new investment, this is the ideal time to do so.
Now that you know the steps to take to buy a house, you can invest in prime and exclusive areas of Villahermosa.
Make a safe investment with advice from Proyectos 253. Contact us and let's talk about the different options we have available for you.
