The Key Considerations That You Need to Make When Buying a Property
Buying a property is a major investment. You need to make sure that you are fully aware of the process that is involved in this decision. For some, it can be an overwhelming experience. The jargon and the financial process can be complicated to understand. What is more, the physical process of house hunting can be less than exciting and more of a chore. Relax . What you need is a handy guide to assist you with your house buying quest. With thanks to Philip Taylor on Flickr - https://flic.kr/p/bDwfRq Here are the key considerations that you need to make when buying a property: 1. Working Out a Budget While you may dream of living in a country mansion in the middle of nowhere, you need to be realistic. Working out a budget is important. Are you buying a property alone or is this a joint venture? Typically, you will be loaned money based on your income. As a single person, this is three times your annual salary. As a joint venture, this is worked out at fiv