Studies have shown that more than five in ten Americans own property. Before deciding to join these people by becoming a homeowner, you must take time to take the time to assess the risks and profitability to avoid unpleasant surprises.

Personal situation

To find out if you are ready to buy a house, you need to do a little introspection. It is essential first to assess your stability, both personally and professionally. Indeed, if you are just starting your career, it is too early for a real estate purchase. You may be moving to the other side of France or even abroad in a few years. You risk sacrificing your savings in a home that you will sell at a loss later on. It is, therefore, wiser to postpone your first purchase of housing to have the time to determine your future project better.

By the way, are you ready to shoulder the responsibilities of an owner? Performing a boiler overhaul, repairing a leaky faucet or roof, and maintaining the pipes, are all obligations that are avoided when you are a simple tenant. Do you have the time and energy to build your new home? This requires a financial investment but also a personal one on your part. If your job leaves you no respite, this is not a good time to buy.


Before buying a house, ask yourself if you have the necessary budget. To get around this type of obstacle, you can use different help if you meet the required conditions. These include mortgage loans and loans granted by the state, cities, or communities. You can also obtain a loan from complementary and mutual pension funds. You have the choice between all these aids to supplement the mortgage that you have contracted with a financial institution.


There you have your reality check. The critical thing is that, if you are a tenant now, try to make your loan deadlines close to your monthly rent. In this way, the acquisition of the house does not cause an imbalance in your budget, and you do not have to make too many sacrifices.

You must also provide for additional expenses such as increased home insurance or property tax. It is, therefore, essential to weigh the pros and cons before deciding because the acquisition of a home engages you over several years. Ready to move forward? Contact us today!