Moving into a new house can be an overwhelming process. It can be more overwhelming especially when you are moving to a new house in another country. This is simply because of all the things that you need to settle down. You need to consider the immigration issues, logistics, and the entire process of buying the place. A few months ago, we wrote about the reasons and the process of buying a Cyprus property. In this follow-up article, we will look at the do’s and don’ts when you are doing this.
Do: Have a Good Attorney
As a foreigner moving to Cyprus, we recommend that you insist on having a good attorney. Lawyers are so important because they help you navigate the entire process of buying the property. In fact, for some type of immigration, you are required by law to use the services of a registered lawyer. For example, if you are considering of using the Cyprus passport for investors, you are required to use an attorney. This attorney will help to do due diligence on you. They are then required to submit a report to the government. Therefore, take your time to get a good attorney, who has been in the industry for a considerable amount of time.
Do: Compare Property
Another important thing you must always do when buying Cyprus property is to compare. Real estate professionals around the world always agree on this. As such, we recommend that you take a look at the multiple Cyprus properties for salebefore you select one. There are a few ways of doing this. First, you should use the numerous portals that are available in the country. Second, we recommend that you get one or two Cyprus property agents, who has been in the industry for a long time. The benefit of using the agent is that they know the industry well. They also know the trends that are shaping the industry. You can easily use the internet to find credible agents.
Do: Have a budget
Buying a property can be an expensive thing. At a minimum, it will cost you more than $100k to buy a good property Cyprus.This is a lot of money. Therefore, as you do your search, ensure that you have a good budget and stick with it. This is because of several reasons. First, you don’t want to buy a property that will turn out to be a burden to you. Second, you don’t want to buy a very big house with features you don’t need. Third, a budget will help you become more financially stable.
Don’t: Be in a Hurry
A common mistake that many potential homebuyers do is that they are always in a hurry. They want to buy a piece of property and forget about it. As real estate experts, we believe that being in a hurry is a very difficult thing. It will also be the biggest mistake that you can do. This is simply because it will make you overlook some basic stuff. For example, you might find a very appealing house and buy it. A few weeks later, you find that the house is in an unsecure neighborhood.
Do: Take Insurance
Home insurance is very essential because it helps you have a peace of mind. It helps you know that you will have a home no matter what happens. There are several insurance companies in Cyprus. We recommend that you take an insurance policy from a credible company. We also recommend that you talk to the insurance agents, who will guide you on the entire process of insuring your home.
Do: Have the House Inspected
Another important thing that you need to do is to check whether the house is built-well. To do this, we recommend that you hire a certified construction professional, who will inspect the house and give you a stamp of approval. Doing such a simple thing will also help you save money on insurance.
Finally, we recommend that you pay close attention to the location of the Cyprus property that you are buying. Ideally, you want to buy a property that is close to the amenities and close to where you work. You also want to buy property in a safe and secure location.