7 Important Tips for First-Time Home Buyers

7 Important Tips for First-Time Home Buyers
7 Important Tips for First-Time Home Buyers
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Investing in real estate is one of the most important decisions that many people will make throughout their lives. Especially considering the increasing housing prices in recent years, it becomes more attractive to invest in real estate. Having the title of being the first insurance company in Turkey with its deep-rooted history of more than 150 years, Generali Sigorta made suggestions to guide first-time home buyers and facilitate the process.

Decide on the location

Choosing a location is one of the most important issues that first-time homebuyers should pay attention to. According to experts, when choosing a location for first-time home buyers, it would be beneficial for them to head towards regions where housing prices do not lose their value and are expected to make a premium in the near future. In addition, factors such as social life expectancy, distance from home to work and transportation should also be taken into account.

Find out the age of the building

Building age stands out as an important source of clues for those who will invest in real estate for the first time. In addition, the age of the building is one of the most important factors that determine the value of the house. It is also necessary to consider the possibility of demolition of a building over the age of 25 within the scope of urban transformation for renovation and consolidation purposes.

Pay attention to the square meter

The size of the house is another factor that determines its value. Those who will buy a house for the first time should decide by taking into account the difference in gross and net square meters. In this way, people who will buy a house for the first time will both save costs and have the opportunity to use their living space better.

Research the company that built the house

Those who will buy a house for the first time should research the company that built the house in detail. At this point, it is beneficial to prefer known and trusted construction companies. It is also important for first-time homebuyers to examine the previous projects of the company that built the building.

Budget for additional expenses

It is very important that first-time homebuyers do not neglect to allocate a budget for possible file and renovation costs. At this point, before buying a house, the domestic use situation and deficiencies should be carefully examined.

Don't miss the official reviews

Another issue that first-time homebuyers should pay attention to in the buying process is official reviews. Past payments of subscriptions such as natural gas, electricity and water should be investigated. In addition, it is a separate obligation for those who will buy a house for the first time to pay attention to whether the title deed status is condominium or floor servitude. In addition, if the area where the house will be purchased is located in the earthquake zone, it should be checked whether the house/building is earthquake resistant, and if there is an earthquake resistance report, the report should be examined.

Consider building features

Before buying a house, it is necessary to consider the building features and calculate the expense items at this point. Those who will buy a house for the first time should pay attention to the insulation of the building, dues expenditures, size and safety.

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