About
First you must explain in advance what is actually a property. A property is in a legal sense considered an immovable if the suspension. By this we mean that this is a plot of land with buildings standing. One must here distinguish different types of real estate, amounting to a residential property and commercial property. The guide divides the residential real estate or property in addition to a facility which is leased or even used in a holiday flat. One can divide the condition of the property, even in old buildings, new construction and preservation.
Who wants to fulfill a dream of his own property, should give some advance thought about the special nature of the property. Should it be an apartment, an existing house or a building, an attached or detached house? Then comes the argument, where the selected object is to stand properly. If the object in the proximity of friends, acquaintances or family members are, or rather in the vicinity of the workplace. If you have decided on the closeness of family members and acquaintances, one must be aware that extended the route to work and one of his free time settles for a certain time for the longer trip.
The Real Estate Guide then presents the question that will shape how the financing of the house, because usually there is not just a few hundred thousand are in the account. Again, there are distinctions as to whether the property is to be made in the traditional way with a building loan contract and mortgage or by an alternative Art The alternative financing through a life insurance policy would be. Here, you’ll pay over the term life insurance only the pure real estate interest. If the life insurance to pay, the property paid for with one blow. For the financing of a property, the banks advise that you should have available as equity approximately twenty percent of the total, so the dream does not burst like a soap bubble.