Entering a property requires financial organization and family planning. But all this effort in the end is worth it, after all, paying off part of a property means less installments and interest. We've separated some tips to help you enter your property.
How much is the entrance fee for an apartment?
Generally, the required entry varies according to family income. The average is 20% of the property value, the rest can be financed.
So, if the property costs R$500,000, it is common to charge R$150,000 down payment. In addition, the financed part can be divided into installments that do not exceed 30% of the monthly family income.
Remember: the higher the entry, the better the conditions for the installment of the remainder.
Buying an apartment without entry, is it possible?
It is a very quick way to start the acquisition of the property, considering that the entire value of the property would be in installments.
It is important to remember that, once the financing is done with the total value of the property, the installments can end up getting more expensive and compromising the family income.
How to get the entry value?
- Look for ways to save
In order to conquer your apartment, you have to make some sacrifices. One of the ways to achieve this is by saving money. Evaluate your monthly family income, to have control of all your expenses. Start by cutting all superfluous expenses, this way you will be able to retain a part of your money.
- Make a financial plan
When it comes to such a high investment, it is always indicated to carry out a financial planning, to organize and in the end to achieve the goal.
- Short-term investments
Short-term investments are a great option for those looking for a good financial return. An interesting option is the use of consortia, as they allow you to make a monthly payment, knowing the duration.
- Sale of other goods
To get extra money for the down payment, a good option is the sale of other goods, such as, for example, the sale of a car or a motorcycle, as this sale ends up giving a great financial return and reduces some monthly expenses.
Read also: Are you looking for Roatan real estate for sale by owner
Now that you know everything about entering an apartment, don't forget to research the documentation needed to make the purchase.
