How to Buy a House During Pandemic? - You know that the Covid-19 virus pandemic is unlikely to end in the near future, both in developed and developing countries, especially in Indonesia, the prediction of the new Covid-19 virus pandemic will be over in maybe the next 5-10 years.
The Covid-19 virus pandemic has changed your lifestyle and the way you do your activities a lot, just imagine you can be free anywhere without fear of contracting the Covid-19 virus but now everywhere you have to wear a mask, bring hand sanitizer, you also have to be cared for, as well as distance from other people. Even now you have to work from home. Because there is no choice but to do that in this time of the pandemic.
If you have a large and spacious WFH house, of course it will be fun for you, but imagine if you only have a small room that has to be transformed into an office, meeting room, and rest area, your room will definitely become like a used warehouse.
Then you just feel like owning a house, right? So, for those of you who are interested in buying a new house especially during a pandemic like now, I have a few tips that you can use, but before discussing these tips there are things you should know first, so what are they? Let's have a look.
Is there no problem buying a house during the pandemic?
Is it true if you buy a house in a pandemic like now? To answer this question, first of all you have to know how the property business is currently facing a pandemic.
Even though the economy is fluctuating up or down in the middle of the pandemic, it turns out that the property business is in a positive trend, what is this based on? The first survey was from Bank Indonesia (BI) and the second from Indonesia Property Watch (IPW).
Based on BI survey data, residential property sales in the second quarter of 2020 experienced a convincing decline of around 25.60% (year over year) but this decline was better than the 43.19% (yoy) contraction in the previous quarter.
Meanwhile, according to a consumer survey from IPW, it was revealed that 68.09% of consumers are still interested in buying property, in terms of the property category they are interested in, houses are 51.06%, then land is 22.34%, and land is 11.7%. apartments, 10.64% shop houses, then the rest is warehouses, offices and villas.
For the purchase of a house itself, currently it is still dominated by the middle segment with a price range of 500 million rupiah to 1 billion rupiah at a price of 29.79%, then houses with a price of 300 million rupiah to 500 million rupiah at a price of 28.72%. Then there are also houses with a price range of 1 billion rupiah to 3 billion rupiah at 23.40% and houses with prices below 300 million rupiah at 10.64% and at least houses with a price above 3 billion rupiah.
Broadly speaking, seeing the condition of the property business that continues to develop in the midst of a pandemic will certainly convince you that buying a house during this pandemic is not a problem, even very good.
Alright bro or sis, now is the time for you to find out about How to Buy a House During a Pandemic?
What are the tricks and tips for buying a house during a pandemic?
Buying a house during a pandemic is not as easy as you think, because of course you will have a lot of consideration before buying a house, for that, see tricks and tips on buying a house during a pandemic from zeevorte.net, see this explanation:
1. Check your finances whether the funds are more or not
Ladies and gentlemen, before buying a house during a pandemic, you must pay attention to your finances, because the economic situation is uncertain during this pandemic, so make sure your finances are sufficient before buying a new house.
For this reason, there are several rules regarding buying a house during a pandemic, especially regarding sufficient finances, as expressed by financial planner Sam Dogen with the 30/30/3 rule, as it is:
- Spend no more than 30%
Ladies and gentlemen, make sure the installments (installments) that you pay per month are not more than 30% of your gross income or salary, because 30% of the installments you spend are quite a lot. This 30% figure also provides an opportunity for you to allocate the remaining funds you get from gross income or salary to other posts.
- Save 30% of the price of the house before buying it
Ladies and gentlemen, before buying a house during a pandemic, it's a good idea to prepare 30% of the house price, this is of course to reduce monthly installments, with low installments, of course it will make it easier for you to pay in the midst of an uncertain pandemic.
- The house price should not exceed 3x your annual gross income
Ladies and gentlemen who are looking to buy a home are sure to match the income you have, and try to buy a home that doesn't exceed 3x your annual gross income. The reason is to prevent you from increasing your debt, and also prevent you from expensive property taxes and maintenance fees.
In addition, you can consider homes that really fit your finances by filtering out homes whose price does not exceed 3x your annual gross income.
2. Decide, the purpose of buying a house for what!
Before buying a house, it's a good idea to decide what house to buy, whether to buy it as a permanent residence and to use it while working at home, or to rent it out.
This of course will affect your choice of buying a house, especially with regard to the location of the house you are going to buy and also the price of the house that you will buy later.
Because the house that is purchased for rent should be close to the downtown area because it will be more promising, while the house for permanent residence can be adjusted according to your needs.
3. Check the available facilities
Remember, ladies and gentlemen, before buying a new house, especially during a pandemic like now, it's a good idea to pay attention to the price of the house and the facilities offered to you.
Look for a house with complete facilities, hopefully the facilities are in accordance with what you need, for example the house is there or close to health facilities which of course can be useful during a pandemic like now, friend.
4. Select an experienced and qualified developer
Basically every house has the same functions and principles, usually what distinguishes it is the quality of the developer.
The better the developer, of course the quality of the house that is built is also good and perfect, therefore choosing a developer who is experienced and qualified is a must. By choosing a developer, surely the money you have to buy a house will be useful.
5. Read the detailed requirements when purchasing a home
The next tricks and tips are reading in detail the terms of buying a house, because there are many technical things that the developer doesn't explain that you have to ask so that everything you know and is clear about the house you are going to buy, one of which is about interest and money. low deposit. Let's continue with the last tip, buddy.
6. Calculate both installments and down payments
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Ladies and gentlemen, calculate the installments and down payment correctly before deciding to buy a house, of course this must be done to avoid your finances becoming unhealthy due to buying a house with installments and down payments that are too high.
There are many ways to calculate installments and down payments before deciding to buy a house, one of which is a mortgage calculator, there are many calculators that can calculate installments and down payments accurately, but the most powerful is the installment calculator from the mortgage calculator. uk because it can be used not only in the UK but also throughout the world, the calculation is quite complete and detailed, and is also equipped with monthly and annual loan payment amortization tables.
For those of you who happen to want to buy a house in UK London, of course, you can take advantage of this mortgecalculator.uk to get details on home and property purchases.
So, that's about my blog this time entitled How to Buy a House During a Pandemic? I hope that with this you can choose a house or other property according to the points above.
