A lot, the best way to start
The idea of having your own home is a goal that every person has the very recorded in the unconscious because of the human need that we have shelter and the need of preservation of the species. While the first tells us about the basic need that we the humans have a shelter to protect us from the physical elements of nature, such as climate, noise and other factors that may affect safety and health. The necessity of preservation for its part, seeks to protect both the emotional and physical. In this way, we can see that a home is a physical space that provides safety of our heritage; a sense of belonging and rootedness; emotional safety and well-being; a space where we can store experiences for a while.
As we can see the dream of a house is something inherent to the human being, because in one way or another we always seek to have a place where you get to unwind from the day's activities. But the reality is that not all the people can come to rest at the end of the day-to-own house, the number of people who rent the premises where they live is great and this is because many times the goal of home ownership is beyond our financial capabilities. However, at present there are several options to be able to buy a lot and to start the journey towards that dream that we all have. A batch is a viable option to start in this way to the house itself because it offers a number of advantages in comparison to that of purchasing a property, already built, in addition it is also an investment opportunity and a potential business opportunity in the real estate world.
Advantages of acquiring a lot
As we have mentioned, acquiring a lot has a number of advantages that we must take into account if what we want is to have a real estate property. Then, its main advantages:
- Investment potential: At the time of the purchase of a lot we have the possibility to use it as an asset to start in real estate in the long term. A lot to be used as a method of saving while paying for is a good option, because depending on where it is located its price in the future will be greater than the price that it cost to buy it.
- Customization and construction: To be a land without a building is made, the lots allow us to have a blank canvas where we can deploy all our imagination to create personalized spaces to suit our taste and need.
- Flexibility: Purchase batches gives its owner the flexibility to give various uses. You can build a residential main, a business, a project, investment or a holiday home, depending on where this is located this lot.
- Lower initial costs: Unlike a property is built, a lot has initial costs are a lot lower. In addition to that there are administrative costs at the time of purchase and save, also you have more control within the expenses at the time of the construction, which is why the purchase of a lot is a great investment.
- Future potential: If you do not want to build immediately, the purchase of multiple lots or a lot is a great long-term strategy, to be able to make a real estate development.
How to buy a batch in Peru?
In Peru, there are few choices when buying a piece of land or lot is spoken. If you buy a plot of land may sound like an action that can be a big commitment and investment, the reality is that it can be somewhat less difficult than we think. Then, we can observe the most common ways to purchase a lot in the country:
- Direct purchase: This type of purchase is the most common or traditional acquiring a lot. This type of trading is done directly with the owner of the land that we want to buy and we set a purchase price. When there is a purchase agreement, they proceed to formalize the contract of purchase and sale and the transfer of the property. The transfer of the property runs through the change in the public deeds.
- Purchase through a real estate or a real estate agent: This type of purchase you make use of professionals to find an option that will fit the requirements we are looking for. In addition, the agents or the real estate accompany and guide the buyers in all the process for the acquisition of their lots.
- Participation of real estate development: The home builders or developers often create real estate projects and to sell lots. These lots are delivered at the end of the real estate development.
- Public Auctions: From time to time and at certain times of the year, public institutions organize auctions where they put the sale lots. To be able to participate in these auctions must comply with the guidelines and requirements that the institution has been published in official media.
Some types of funding
Now that we could already see what are the options that you have if you're looking to buy a plot of land, it is very important that we know a financing option that would fit our needs. Later you will get a different option but very attractive. But first, we'll show you the three types of financing most well-known of which are:
- Financing through co-operatives: Within the national territory there is a type of association that is known as co-operatives. Cooperatives are a type of non-profit association that relies on the cooperation to meet the needs and aspirations common. This type of institution that provides loans to its members at preferential interest rates and advice for the purchase of your lot.
- Mortgage credit: Financial institutions and banks in the country offer mortgage loans for the purchase of lots. By using this method, the entity gives the money to be able to buy your lot and set fees that may be monthly, quarterly, or annual. This loan is made under a contract where the terms as deadlines, interests and requirements vary according to the institution that granted the loan.
- Programs of state funding: The peruvian government has a number of financing programs for the purchase of housing, and land. The highlight for the acquisition of a batch can be My Home. This type of program offers loans with special conditions and provides rates of interest with preferential. To acquire this type of funding is important to comply with the requirements requested by the program.
A different choice: do you want to batch fees or financing with easy terms of payment?
As we have already seen there are some types of financing for the purchase of a lot, but there is another type of financing that is much more attractive, and this is the direct financing with the seller or real estate. The purchase of lots by shares is an option with many benefits that enables the buyer to be able to better manage their investment. This type of financing, it is an agreement between the property and the buyer. Where the purchase of the lots is done through periodic payments and setting an interest rate many more attractive than in other types of funding.
Definitely the purchase of a lot is funded in installments is an opportunity for those who wish to acquire a property. You can make a purchase of this type it is important that you have knowledge of certain aspects of this type of purchase to ensure that your experience is more satisfactory to you. Below, we will be able to see six important points about the purchase of lots in installments:
- Real estate projects and real estate: The best way to find lots of the quotas is to locate real estate that are developing real estate projects which offer this type of facilities. Remember to take into account the trajectory of this real estate company and check their previous projects.
- Purchase agreement: As any type of purchase of real estate is subject to a contract of purchase and sale. What you need to analyze well in this contract are the terms of the transaction as the total price of the lot, the periods of payment, the amount of the fees, additional payments, blackberries, and any other question that you may submit.
- Down payment and monthly installment: The advantage between this type of shopping lots lies in its low initial investment compared to other types of purchases. The fact that your initial is so reduced, it gives the possibility to invest in the long term and without the need of descapitalizarte and without the need to create a debt with a big interest. Always check the interest and the amount of the fees. In this way you can calculate your savings compared to other types of financing.
- Interest and additional costs: While the interest in this type of financing is reduced, you have to take into account that this interest depends on the real estate and the project on which you want to buy your lot. Locate your batch in a project with an interest that fits your needs. Remember, also, that may also apply additional costs such as administrative expenses, basic services, or administrative expenses.
- Legal formalities: It is very important that you check that all the legal formalities are in order. You must verify that the ground that you think to buy this duly registered and is free of liens or encumbrances. Review the agreement of purchase and sale to be clear and logged in.
- Professional advice: It is important that you have the legal advice of a specialist in this type of transaction. Remember that both the conditions of the contract, as the records must be signed by you. Legal advice is essential to not bring you heartache in the future.