If buying a new apartment is in your plans and you need to take the first step, MENDEBAL shares some recommendations to help you gather the down payment for your ideal home more easily.

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1. IDENTIFY YOUR BUDGET

We know that searching for a home is an exciting process that takes time, as it represents the start of a new life. That’s why we recommend calculating the approximate investment and starting your financial projection.

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Begin by gathering all your savings and part of your investments to reach 20% to 30% of the property’s price, which will cover the down payment. Use bonuses or premiums, withdraw from your severance fund, or make use of CDs or stocks to gather as much as possible and minimize remaining payments.

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2. IDENTIFY THE AREA WHERE YOU WANT TO BUY

Do you want to live close to work, your family, or university? This is one of the most important steps because it focuses your search on specific locations. Define your priorities first, then start checking available projects and gather all the information you need.

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3. BUY OFF-PLAN

Buying off-plan allows you to not only acquire the property at an ideal price but also defer the down payment over several installments without interest, saving money that you can later invest in the finishes and customization of your apartment.

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Keep in mind that the down payment schedule depends on the developer and project conditions. At Mendebal, we usually allow deferral of the down payment over 24 to 26 months.

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With these tips, you can plan your home purchase more easily and avoid headaches from overpaying or not knowing your budget clearly.

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To find your ideal home with MENDEBAL, contact us on WhatsApp by clicking HERE or visit OUR WEBSITE to explore all the apartments we have available.

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