02/08/19

To Buy or Not to Buy - the big question before every big step

Everyone wants to make the right decisions in their lives, right?

But we must accept that wrong decisions lead us to the greatest and most important lessons in life!

But in order not to fall into the wrong decision, we need to take a few steps.

In the case of how to choose the right property for us. Or do we even want to buy a property?

For starters, we need to create a list To Buy or Not to Buy a property.

As an idea, an example:

  • Do I need it? Is it a pleasure for me to buy this property? Can I enjoy my stay in it?
  • Does this property bring me more income than the BANK where my money is? / every year 1-2% of our money disappears with inflation /. That why, any interest of less than 2% in the Bank is an absolute waste of funds!
  • Does the property have a suitable location that meets my requirements?
    Is there adequate infrastructure in the area? - parks, beaches, schools, kindergartens, spa centers, shops, etc.
  • What is the neighborhood and its neighbors?
  • Does the property need repairing? / sometimes it's even a plus because a better price can be achieved at the expense of repair. /
  • The great price? Compared to the current market and future plans for the development of the area.

To be continued ....