Understanding Your Rental Agreement: What to Look Out For

 

When you decide to buy your first property, you may feel the urge to move quickly. However, it's crucial to avoid certain mistakes to prevent regretting your decision later. Here are the five most important mistakes to avoid.

  • The first visit helps you get acquainted with the place. You can explore each room, understand the layout, and assess its strengths and weaknesses. This visit should trigger (or not) the desire to seriously consider it as a potential purchase.
  • The second visit should be at a different time, on a different day of the week, to get a new perspective—like visiting on a weekend or in the evening. During this visit, pay attention to any work that needs to be done, what you don’t like about the décor, and the overall organization of the space. This is also the time to picture yourself living there.
  • The third visit is more practical. It’s all about confirming your feelings for the property. Consider factors like energy consumption, any additional charges or fees, renovation potential, and associated costs. It’s also the time to picture how your furniture would fit in, and—of course—start negotiating the price!