Buying your first property in Malta is never a walk in the park. But with the right mind-set and advice you can be sure to get yourself onto the property ladder without over-exerting your resources.
Here are five top tips to keep in mind and to help you go about it the right way!
Be Honest With Yourself: ‘How much can I borrow?’ and ‘How much house can I afford?’ are two questions that you need to be honest with yourself about. Remember that this is the biggest investment you will ever make, but also the most money you will ever fork out. Be reasonable and make sure you understand what you’re getting yourself into.
Take Your Time: Finding the ideal first home is not as easy as it may sound. Even on a good budget, it may take months for you to find the house you’d like to invest in, and that’s okay. Take your time and make sure that you love what you buy.
Be Reasonable: Having said that, the perfect home does not really exist – unless you build it yourself! Be understanding and appreciate the fact that pre-built homes will have flaws (as well as features you love!). Start by choosing a place that meets your needs, and worry about making it a space you adore later. That’s actually the fun part!
Check Out the Little Things: Does the house smell funny? It might be a mould problem. Do the toilets and showers work properly? How much will all those ‘minor repairs’ cost? These are all things you need to check before you sign that contract!
Negotiate: Don’t be afraid to ask to negotiate the price. You might miss out on a home or two, but you might even get the house for less. Every penny saved is one less penny you have to pay back!