Tag: cheap houses

3 Tips for Choosing Cheap Houses

Getting our own house is what we wish for throughout our lives, and finding the one that suits our needs and is on a budget is like a dream come true. When buying a residential property, we seek help from brokers or real estate companies in Dubai to get our work done. At times, it might not be possible to find a home in your favorite neighborhood; however, you can find one in another area that will fit your demands. Here are three excellent tips that can help you find a home in lesser price:

Do a Survey:

As tiring as it may sound, but this is the crucial part of finding the right house. Seeing a lot of places help you decide what type of house you should expect for your budget. Doing a survey will help you redefine and readjust your demands and expectations according to your budget. Also, you will learn to differentiate if the amount the owner is asking for a house is justified or not.

Seeing too many cheap houses will help you find out the best of all. Visiting different neighborhoods will enable you to discover near areas within your city, which might be even better than the places where you wanted to live. Make sure you have seen a lot of houses before you make a final decision.

Consider Looking Outside the City:

 Truth to be told, the farther you move away from the metropolitan city, the lesser house prices you will find. This does not mean that you should consider buying a far-in middle of nowhere; instead, you should consider looking into housing societies developing in the outskirts of the city.

Although they might be far from your workplace and the central city, you can get a tremendous and even newly built house at a really low price. Considering the rapid urbanization and increasing population, there are great chances of cities to expand to their outskirts which means that the value of your property will surely rise in the upcoming years. Make sure to choose wisely!

Negotiate:

Never assume that the prices listed on a website or demanded by the owner are the final price. Always negotiate strongly as per your budget. Many sellers out there have already asked way more than the actual worth of the house to get to the accurate price when the buyer negotiates.

Do not let the fear of losing the deal make you purchase a house out of your budget. You will get the place you want within the price range you have; all you need is to be patient, look for many options, make a lot of offers, and finally end up locking a deal suitable for you. Negotiating with the seller is still the best-known way of getting a house at a lower price.

The Bottom Line:

You do not need to settle for an expensive house out of your fear of not getting a place at all. Buying a home is a tricky and lengthy process, particularly if you want to buy cheap houses. Look for newly developed societies. Talk to one or more brokers to ensure that you do not miss out on any great deal. Be consistent, keep searching; your dream house must be just a few days or months away from you!

Author: Jamie Roy

Cheap Houses: What You Should Know

Houses are expensive. Especially in densely populated urban areas. But there are some houses on the market that only cost a few thousand dollars.

Where can you find those dirt-cheap houses? One place we found for example is Bulgaria where you can get affordable houses, even some that are close to the beach.

Example: Cheap Houses in Bulgaria

Bulgaria is a country in the Balkans, Eastern Europe. It is bordered by Romania to the north and the Republic of Macedonia to the east. The country has a population of 7,6 million people and is one of the oldest countries in Europe.

Bulgaria offers beauty and history for all types of travellers willing to explore it. It is very affordable as well. For instance, a meal in a restaurant will cost you around 2 euros maximum, while accommodation will cost you anything from 10 euros per night for an apartment up to 50 euros per night for a hotel room with 4 stars. Bulgaria also has some remarkable festivals that are worth checking out – like the folk festival “Kukeri” during which participants dress up as masked characters with colourful outfits and dance around bonfires!

There are also many other reasons why you might want to consider property investment in Bulgaria such as:

– The country has a low crime rate

– There are plenty of opportunities for owning businesses

– Land prices are very low

4 Factors Affecting the Cost of a House

The cost of a house can vary in four main ways.

1) Location: the cost of a house will depend on where it is located. For example, a house right at the beach will cost you more than one in the middle of nowhere.

2) Size: the size of the property will also affect the price. For example, properties with a bigger backyard or more rooms might be more expensive than other homes with less space to offer.

3) Age: this factor is closely related to size and features but it also includes things like how old are the pipes? Or how new are the appliances? This is important because older homes might need lots of repairs and upgrades.

4) Amenities: another thing that affects housing prices is what kind of amenities, such as a pool or a gym, come with the property.

3 Ways to Make Your Home More Affordable

There are many simple ways to make your home more affordable. Here are 3 of them:

– Consider downsizing

– Look for a mortgage with a lower interest rate

– Consider walking away from your mortgage

– Consider to move to the Countryside

Downsizing is the most common way to make your home more affordable. The truth is that the size and space of your home can have an impact on its value. You could also look for a mortgage with a lower interest rate, which would help decrease the amount of money you spend each month. Lastly, it may be time to consider walking away from your mortgage if you have reached the end of what you can afford or if you are struggling to come up with additional funds.

Conclusion

Don’t look for a house that is bigger than you actually need it. Know what you can comfortably afford and then be flexible about the location as well as be ready to do some repair works yourself. Like that you will find cheap houses in no time.

Bio

Our Property under 20k team are the founders of www.all-real-estate.com and www.listproperty4free.com with the goal to search the cheapest real estate in the world and make it easy for others to find. The team is made up of landlords, real estate investors, architects and builders from several different countries.  We just love to have a good strong cup of coffee while we write our experiences in this blog.

Image by Martin Winkler on Pixabay 

Where are the cheapest houses in Europe? Find cheap properties in Europe

Here you can see all cheap properties in Europe on a map. That makes it easy to locate the hotspots for cheap property in Europe. The question is: How much is cheap? Continue reading Where are the cheapest houses in Europe? Find cheap properties in Europe