Buying property as a couple: mistakes to avoid!
Do you want to buy a home as a couple? Congratulations! It is now important to start this new phase of your life together on the right footing. In order to prevent this project from becoming a source of stress, we have identified 3 mistakes to avoid when buying property together.
Not talking about money
When buying a property as important as a house or a flat, the question of money should not be a taboo subject in a couple. When buying your future home, you should therefore be transparent and honest about the budget allocated to your project:
- What is your maximum budget for the purchase (including agency and notary fees)?
- How much can you each contribute?
- How much more do you want to borrow?
- What if only one of you can borrow more than the other?
Searching for property on your own
In order to save time or to maximise their chances, some couples choose to search for a property separately. However, by multiplying contacts or visiting properties without your spouse, you risk losing a lot of time. In the end, this can be counterproductive.
In order to limit disappointments, it is therefore advisable to centralise your research and to carry out the real estate research process together. To help you, atHome provides you with the following tool on its website “Multiple search” to easily find your future home.
What are the property prices at the moment?
Avoiding compromise
You want a modern house and your partner prefers a more rustic style?
When buying a house or a flat together, it is often difficult to satisfy both parties. To make your property purchase a success, you will need to be flexible.
Our advice? Agree on the most important criteria (minimum size of the property, presence of a garden, location). Then, on your own, let go of more superficial criteria.
Becoming a homeowner is an important commitment that impacts your quality of life and your budget. It is important to carry out this project as calmly as possible and in perfect harmony. Does your spouse have any doubts about a property you really like? Talk about it openly and above all don't try to force their hand.
Written by
atHome
Posted on
14 June 2019