There are those who say that the proposal to buy a house as a couple is equivalent to the old gesture of giving a ring of knees; and although many miss the romanticism of the old days, the truth is the new socioeconomic parameters are shaping the ways in which today’s couples commit and invest home buyers houston.
Very much in spite of that classic phrase that ensures that “love can do everything”, there are practical financial considerations that must be taken into account when buying a house as a whole, even more if it is only for investment in our beloved Colombia or in the company of a foreigner. So, we decided to dedicate this edition of Valentine’s Day to the joint investment, and give the lovers who are out of the country, these 5 considerations that you should consider before buying a couple’s house.
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TALK ABOUT INDIVIDUAL PRIORITIES AND HABITS
Do you plan to return to the country? And in the case of being in a relationship with a foreigner, would you contemplate the option of moving to Colombia or buying a home as an investment? It is very important that both are totally convinced of wanting to buy a house as a couple and all that this implies; here we can talk about debts or individual plans regarding children, purchase of vehicles, studies or trips. It is also key to be sincere and analyze the financial habits of each one to find a balance between them and what should be strengthened or changed to achieve this dream.
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IS IT THE RIGHT TIME TO BUY A HOUSE AS A COUPLE?
If both agree that it is a priority, they should check if they have the initial capital and the ability to face the monthly installments of a mortgage loan, in this case a good option could be to take advantage of investing in a home on plans that give time to complete the initial fee or lease the property purchased once it is delivered.
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ARE YOU READY TO FACE THE RESPONSIBILITIES?
Buying a house means taking care of the maintenance of the house, extra expenses and new payments such as the property tax. Will this become an extra burden of stress on their relationship? Can they do it from the outside -if we are talking about an investment- or do they have someone they trust who will be in charge of this task? It is also important from now on to define the use that will be given to housing and what to do in the case of a possible separation if they are not yet married. It is better to be embarrassed now than to have bad times in the future.
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EVALUATE THE PROS AND CONS
Once the cards are placed on the table, the pros and cons of the decision must be evaluated. It is important to take it by mutual agreement, listening and respecting the points of view of each party. They must bear in mind that this represents a great step in the construction of a family patrimony and a joint future.
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WHERE AND WHEN?
If the dreams are shared at the end and they have managed to find a balance between their individual and joint objectives, the final point of the conversation will be to choose the place and the dates on which all the procedures to buy a couple’s home will begin. At this point it is key to have the advice of serious people with extensive experience in the market as Viventa. Where! It is more complex if the two are from different parts of Colombia! And since everyone will want to invest in their home city, they can study the profitability in each site, or consider buying more than one home, now or in the future.
Being totally sincere and open will make the decision to buy a house as a couple strengthens the relationship instead of damaging it. If the desire exists but it is not the right financial moment, you and your partner can agree on a long-term savings plan that includes large and small shares; from allocating a percentage of their monthly salaries to planning daily activities that do not require a large expenditure of money: more movies at home, picnics and bike trips are some good ideas to start.