When you’re buying a home for the first time, it can be a very optimistic, stressful, enjoyable and rewarding experience, all at the same time. Getting involved in a brand new process like this can be quite intimidating if you’ve never done it before.
Here are some rookie mistakes you should not make when investing in real estate in Cape Verde:
While first-time investors might not have the problem of needing too much space for large sofas or dining tables, there are other issues with regard to space that you need to consider. The first is about the number of people staying in the house. If it’s a young couple, how long do you plan to be just two people? What about guests, parents, relatives? You wouldn’t want to run out of space in your new home now, would you?
Another important thing which you need to understand is that the neighborhood you are investing in is just as important as the home itself. What you see on day one may not necessarily be the whole picture. Speak with the neighbours and find out if there are any unpleasant surprises waiting for you. Visit the house at various times of the day too to see how things are. You will learn a lot more about the place over multiple visits.
Lastly, you need to be aware of the various fees that are involved when it comes to buying a house. It’s about more than just paying for the house and commission. You have structural inspections, insurance, and closing fees among other things. There’s also going to be ongoing maintenance which you will have to do from time to time.
Making rookie mistakes is the easiest way to make the wrong real estate investment. If you want to prevent that from happening, make sure you don’t make the above mistakes.