How important is planning the purchase of the real estate, and how to get started?

We will hardly surprise anyone with the statement that the purchase of real estate should be carefully planned to meet your budget, needs, goals, and requirements.

Our decades of experience in real estate trading gives us a solid foundation on which we can rely on in order to prepare you for the process. Where to start and what to consider when looking for the perfect home? Learn more in the following lines provided by the Atlantis Estates team.

Property characteristics

Of course, it is important to first define your criteria for a suitable property. The main characteristics that distinguish the residential properties are as follows:

• Property type: house, villa, the floor of a house or apartment with a certain number of rooms, townhouse, a parcel of land, office, shop, and other commercial properties.
• Overall condition of the property: brand new or used home, renovated or not, furnished or unfurnished, on the project, under construction.
• Construction type: brick, panel, or housing projects where monolithic concrete is being used.
• Size of the property: area, net/clear area, and percentage of common parts.
• Location of the property: facing direction and specifics, related to the area.
• Additional extras: security, garage, yard, access system, etc.

Going through these basic parameters, you can create a model that will help you with your research. Prioritize your wishes and be prepared to compromise one thing at the expense of others if the "perfect" option becomes impossible.

Location

In today's dynamic world, location is extremely important. Here again, you should take into account your individual needs and requirements, considering the following details:

• The city, its infrastructure, quality of life, jobs, amenities for the citizens, etc.
• The neighborhood, its location, ways of getting around, local public services, green areas, etc.
• The surroundings and their specifics: urban planning, safety, lighting, sewerage, etc.
• The facilities near the property: shops, restaurants, pharmacies, schools, kindergartens, recreation areas, etc.
• Infrastructure: the condition of the streets, public transport stops, parks, recreation areas, etc.

Most builders strive to provide a good location that meets as many of the criteria listed above as possible. And yet: here again, you need to define your priorities so that you can be flexible with the market and its alternatives at present.

The buyer

When you buy a property, its terms and price can vary depending on who you buy it from. And here are a few options:

• Purchase from a previous owner. In this option, you buy the property from a specific person or group of people who own shares of it.
  
  
• Purchase from a real estate agency. In this case, the selection and purchase will take place with the support of a broker, for a fee.
  
  
• Purchase from a builder. This is the most preferred option and there are several reasons for that: the favorable price, the excellent quality, the easy communication, and the full transparency of the terms and conditions.

In each of the three options, the purchase goes through certain stages, and the involvement of a professional jurist is highly desirable to ensure a smooth process for both parties.

Price and payment methods

Of course, the price and the payment method are among the main parameters of the purchase. In connection to that, you need to fix your visions and expectations regarding:

• The price per square meter that you are willing to pay according to the condition of the property, location, and construction type.
• The payment method and the possibility to reschedule the installments.
• Terms to obtain a deposit and the value of the deposit.
• The opportunity to credit the purchase in accordance with the interest of all the parties involved.

Consulting a financier and / or accountant will help you prepare for the process and avoid surprises. The better real estate agencies and / or traders will offer you an accompanying consultation with an accountant and a jurist - a practice that we at Atlantis Estates adhere to in order to ensure the comfort of our clients.

Purpose of the purchase

Last but not least, your purchase must be in line with the goals that the property will fulfill, or more specifically one or more of the following:

• Permanent residence for you, your relatives, and/or your family.
• Temporary or seasonal residence in property among nature, on the beach, or in a desired region of the country.
• Renting and generating passive income in the long run.

Depending on these purposes, you can choose a property with different characteristics and degrees of luxury, and therefore - at a different price.

The team of Atlantis Estates is here to help you determine your needs and find the perfect property which will cover them in 100%. Because we know that details matter!