5 tips to consider before buying your home

5 tips to consider before buying your home

Amal Ali 20 Apr 2022

Every person dreams of owning their home. It is one of those life accomplishments that we work hard towards achieving. But for how dreamy it can be, it also could be a nerve-racking process. Here we offer you a 5 tips guide to simplify your home buying process. 

In the last few years, the Egyptian property market witnessed a huge progression. Now we see almost every day the launch of a new project. People nowadays not just searching for a residential home but also look forward to investing in The New Capital or owning their chalets in coastal destinations like Ain El Sokhna, Al Sahel, and Gouna. Take a look at the latest construction projects in the Egyptian real estate market.

Before you jump into home hunting right away. There are some things that you have to take into consideration. Searching for the perfect home can be a draining full-time job sometimes. But with some organizing and some research, it is possible to make the whole process a lot easier. Here you have our 5 tips before buying your home.

1. Decide your wants and needs

Some people make the mistake of jumping into finding a home spontaneously without knowing what they want. They get overwhelmed by the number of options in the market and start to lose their main vision. And maybe they ditch the whole process until God knows when. 

The solution is very simple and easy to apply. It’s recommended to brainstorm and decide clearly what you looking for, the type of house or apartment, which suburb or city suits you, and your plans. Get a clear vision of the lifestyle you want, don’t be fixated on your current lifestyle. Think long-term. 

2. Make a wishing list/ checklist

The second tip is getting your vision and turning it into a tangible thing. Here you become more specific and put clear bullet points. Before starting searching for homes grab a pen and a piece of paper and make your checklist.

Start with 3 main categories:

1. Write what you need in your home that you can’t compromise with. 
2. What you want and wish for but isn’t necessarily what you need.
3. Write a proper description of your ideal home. How many rooms, bathrooms, street appeal, aspect, light...etc.

That way you get more focused and less distracted when you start your home showing journey. And you don’t get pulled away from your main vision. 

To help you get started we provided you with a free printable checklist sheet just click to download.

3. Get clear about your budget

Money, we can’t ignore how money is a fundamental factor in the properties market. Some people make the mistake of searching for a new home without setting their budget. As a consequence, they lose their sense of direction while deciding on a house. Either they get surprised by the high prices rate and postpone their home purchasing or start looking for units with lower prices and ignore other fundamental factors. Here you have more than one aspect to consider.

1. The budget range that you actually can pay.
2. Market prices rate, you have to do your research so you can decide on your budget range.  
3. Buying a home doesn’t just include the unit price. You also have to calculate the closing fees and the insurance fees if there are any. 

A final thought on this money situation. Try not to decide to buy your home solely upon the price element. Look at the bigger picture, there are so many important factors to look at too. The location, services, and facilities, the availability to resell the home.