Buying your first house is a significant step in everyone's life, a milestone that brings with it mixed feelings of excitement and concern. It is a major investment that requires careful planning and the support of a professional real estate agency that ensures you are making the right choice. In this article, we will provide valuable information, practical tips and advice for those facing the purchase of their first property, demonstrating how our team from Engel & Völkers South Tyrol | Cortina d’Ampezzo can support and guide you on this journey.
Here are some practical tips for a successful purchase:
1. Identify your needs and your budget
Identifying your needs and establishing a realistic budget is the starting point for your search. Make a list of the requirements that your ideal house should have: the number of bedrooms, the desired location and any other features related to your lifestyle. This will make it easier for you to establish a realistic budget that includes not only the purchase price of the property, but also the associated incidental expenses. You will be ready to make this important decision with personalised advice from our experts.
2. Explore different options
Consider not just a single geographic area or a single type of property: an open approach to explore different alternatives may lead you to find the perfect solution in a type of home or location you had not initially considered. As real estate experts, we have the most exclusive properties and the know-how to help you broaden your perspectives and ultimately find the property of your dreams.
3. Take advantage of the property visit
The property inspection is a crucial moment in the buying process. During this phase, our agents will accompany you through every corner of the house, providing you not only a complete view of the spaces, but also with valuable information on the features and condition of the property. This is an opportunity to dispel any doubts and discover whether everything fits your current and future lifestyle. Thanks to the experience of the Engel & Völkers professionals, the property visit will give you a clear view of the property and its context, providing you with the support you need to make the best choice for your future.
4. Check land registry and mortgage data
As the purchase of a house is an important moment, it requires care and attention. Before you proceed with the purchase, our team is ready to help you check the cadastral and mortgage data of the property. Consulting the title register will allow you to obtain detailed information about the property, ensure that the seller is the legal owner and identify any encumbrances and real rights such as easements and mortgages. Furthermore, it is crucial to understand the importance of the preliminary contract, which is also set up with the help of our agents. This is an agreement whose main consequence is the subsequent conclusion of the final purchase contract.
5. Be aware of tax benefits
Regarding your first house, it is useful to check whether you can receive tax benefits by fulfilling certain requirements. The property you purchase must belong to specific cadastral categories (must not be a luxury property) and located in the municipality where you live or where you will move to within 18 months of the purchase. In addition, it is required that you as the buyer do not own any other property in the municipality. These rules offer significant tax advantages, but require attention to maintain the benefits: this is why being supported by experts in the field can help you achieve a successful purchase!
We at Engel & Völkers South Tyrol | Cortina d'Ampezzo are ready to answer your questions, provide advice and make your dream of owning your ideal home a reality. We are there for you with passion, exclusivity and competence, values that have distinguished us in today's market for more than 45 years.
So, what are you waiting for? Visit our Engel & Völkers shops in Bolzano, Appiano, Merano, Bressanone, Brunico and Cortina d'Ampezzo and let our passionate experts advise you.
