Buying a house: what to think about?

Buying a house is a big step. You are not only choosing a place to live, but also a place to live. It entails many practicalities. How do you know where to start and what to look out for? Below are concrete tips to get you started, so you can explore the housing market as relaxed as possible.

Ensure financial clarity and home insurance

Start by determining your budget. You do this by understanding your income, expenses and how much savings you already have. Make an appointment with a mortgage adviser or your bank. They can calculate which mortgage suits your situation. Don't be tempted by the maximum loan amount if that means you have little room left for other expenses. Also think about insuring your home. Property insurance covers damage to your home itself, for example in case of fire or storm. Do you have a flat? Then check whether the Owners' Association (VvE) has joint buildings insurance. Sometimes you are already partially covered, but it is important to be sure.

Complete your housing needs

Think about what you need in a property. Do you want a garden or a roof terrace? Should there be a study? Only go for a viewing when you know which points are really important. That way you avoid wasting time on houses that do not match your needs. Bear in mind that you may need to do renovations. Consider setting aside a budget for that. Meanwhile, don't forget to think about liability insurance as well. This covers damage you cause to others or their property. It may not seem directly related to your home, but it can make a huge difference if something goes wrong during a moving or chore day.

Viewing and negotiating

During the first viewing, it is smart to bring someone along who can look at the house objectively. Often you will immediately see all the good aspects of a house, while a second person might just notice that moisture spot. Look at the state of repair, the energy label and the neighbourhood. Do you get the green light from an architectural inspection? Then you can start negotiating with confidence. Do not hesitate to make lower offers, but make sure your offer is substantiated. Mention points that might need renovation or extra work. This way, you show the seller that you are serious but critical.

Contract and transfer

Has your offer been accepted? Then the contract of sale follows. Read this document carefully. Look for resolutive conditions and provisions around completion. Take the time to ask questions to the seller or the notary. As soon as you sign, you are bound by the contract. At the notary's office you will later sign the official deed of delivery. This is the moment when the house really becomes yours. Make sure you have the right insurances, such as buildings insurance. That way you will be well covered from day one.