Are you ready to take the next step in your life?we congratulate you! The answer is not always going to be very easy to answer, since the answer to this question often depends on what we want, the rush we are in and the budget planned for it, etc. In CDC | Architects, we believe that the answer to this question becomes easier when we plan for the future and set our goals in advance.
Currently, if we are a person or family who wants to take this big step in our lives and we had not planned it in advance, it is most likely that we will apply for a loan to buy a house or apartment in a residential or condominium, both horizontal and vertical, that is, residential towers. Generally, the cost of these projects has a fairly high cost per square meter since these include the value of the land, the value of the construction and a percentage of the costs of the infrastructure and its amenities, etc. Therefore, as we said previously, the cost per square meter is quite high, without taking into account the cost of maintenance and others. Therefore, when we go to request a mortgage loan from the bank, we are presented with two obstacles that we have to resolve: the first is having a fairly high family income to be eligible for a loan and the second is that the monthly payment is also quite high due to to the amount of the project and eventually we have to settle for a project that fits our budget and not our needs.
On the other hand, if we plan ahead, even working with public institutions such as INVU, we can request a loan in advance that fits our budget to initially acquire a lot, pay it off and later put this land as mortgage collateral, which is very well regarded. by the banks to later request a loan, which allows us to easily be people subject to a loan and also the loan that we would be requesting would only be for the construction of the home which implies that it is a much smaller amount than the first case presented and therefore Therefore the monthly fee would be much lower. Of course, for this it is important, as we already said, to do everything in time and project ourselves into the future as our parents or grandparents did. With this we gain greater financial peace of mind, our project will be based more on our needs, more than on a budget and Finally it is going to be a more personalized project.
CONCLUSION
Therefore, as we said previously, the answer to this question has many aspects to analyze and there is no correct answer, but we can affirm that if we plan in advance we can have a greater benefit in the project, we can personalize it and have greater control.
