Acquiring a home is the goal of many, but There are several aspects that must be taken into account. before deciding. The price will always be one of these points, but there are also other items such as location or the details of the house or apartment that are also very important.
The first step before starting to look for a house is to decide what you want, if a single family Home one or several rooms, a department suite type (generally one room) or that also has some rooms.
The projection you have is very important.. For example, if you are a young couple without children, although you plan to have children, but you still do not have the resources for a large house, the option may be to acquire a cheaper one-story house but whose structure allows expansion.
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If you are a person who lives alone, who spends most of the day in activities outside the home, a retiree or a couple who does not want to have children and who require less spacethe option could be an apartment.
Location is also important. For example, if you are looking for a housing in a residential complex with private guardianship, social areas, green areas and social pool, among other services; or in common neighborhoods without any of these characteristics.
You must take into account that when living in buildings, condominiums or urbanizations will have to pay aliquots to cover all the aforementioned services.
In the preliminary election it should also be considered whether the house is new or used. In the latter case, if the structure is very old, it could need adjustments, so the final cost would increase, even if it has a low sale price.
Once you have selected the property you want, the next thing is to compare the prices, between houses with similar characteristics. Although the internet and social networks in recent years have facilitated the search for goods, it is It is preferable to seek real estate advice from a professionalThis way you will have a wider range of options to choose from.
There are several forms of financing, the most common to obtain a mortgage loan; In any case, the buyer must make the best decision and check their ability to pay so as not to complicate their economy.
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In the case of a loan to purchase a home, the Banco del Pacífico Financial Education program indicates that good financial planning and an adequate action plan, in which the whole family is involved, facilitates that the payment of installments is made on time and without affecting family well-being.
On the other hand, it is explained that in a good management of the budget, 50% of the monthly income is destined to the payment of fixed expenses, 40% to payment of debts and, at least 10% is set aside for savings. When the loan payment installment exceeds 50% of monthly income, a over-indebtedness.
The Central Bank of Ecuador establishes the maximum interest rates for the real estate sector. As well as for the public interest housing (VIP) and social housing (VIS). The former have a commercial appraisal between $71,064 and $91,368 and the latter up to $71,064. The maximum effective rate was 10.40%.
In addition, financial entities can establish amounts according to those established by the BCE, so you should check what is the lowest rate that is presented, along with the time they provide for payment. (I)
Source: Eluniverso
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