Buying your first property at a young age, before you're 30, may seem like a huge achievement, but have you ever stopped to think that this investment could be within your reach? Your first apartment could be the start of a great asset, and the sooner you start, the better!

Here are some tips for making this plan come true:

Favorable credit offer

If a young person talks to their parents and grandparents about buying a property, they'll realize that a lot has changed over the years, but what hasn't changed is the fact that it's still a profitable investment that offers security to those purchasing the property.

Buying your first home is accessible in Brazil, as banks are offering low-interest mortgages and construction companies are offering easy down payments. Especially during 2020, mortgage financing is gaining a lot of traction. It's a type of relationship that banks want to have with their clients, who can count on up to 35 years to settle the contract.

Think like an investor

One of the big differences between the buyer profile of decades gone by and buying a property today is that it doesn't mean you're going to live in it for life. 

The idea of buying an apartment may seem very definitive for those who are just starting out in their professional lives and are still unsure about what they're going to do in the next few years, but imagine that buying a property is just the first step in building your assets. 

Therefore, the choice of property can be made with the aim of renting it out, or reselling it once it has appreciated in value. 

Allocate your money to something profitable

Do you know when you finally get a job and your salary is enough to live on your own? It's at this point that you have to evaluate: is it the right time to move out of your parents' house to pay rent, or is it already possible? investing in your own property?

The tendency of those who earn a good salary is to spend it on outings, shopping and travel, and this can mean that the good opportunity to start life with tangible achievements doesn't materialize.

If you're at this stage of your career, make a plan that includes leisure time, but also allows you to start spending on something that will bring you a financial return, such as a property.

The power of extra income

If you're between 20 and 30 years old and don't yet have a salary that allows you to invest in a property, but you do have this goal as part of your achievements, one way of encouraging yourself is to make extra income. 

Look for activities where you can put in extra hours on top of your work and start saving money. Little by little, the extra income will prove to be an important differentiator in your budget, and you'll be able to plan the purchase of your property.

How do you choose your first property?

In order to know exactly what your possibilities are, and what kind of planning you'll need, you need to get to know what's on offer on the real estate market. Start searching for the type of property you dream of. The one that will have everything you consider indispensable when thinking about home ownership.

If this is already a property you can afford, evaluate the conditions and find out about other options of the same standard.

However, if your income doesn't yet reach your dream property, don't hesitate to start with something that will be the stepping stone to getting there!

If you're buying to live in, assess your needs over the next five years. Look for properties that are well located, but not exactly next to your work. You can find great options in less centralized neighborhoods that offer all the facilities you'll need.

If your choice is for investment, talk to realtors and real estate consultants and find out what's hot on the market, what clients who want to rent are looking for most. From there, you can direct your purchase towards a loft, two- or three-bedroom apartment, for example.

Buying off the ground is an excellent option!

During this search for what's on offer on the market, don't forget to check out the real estate on the drawing board. In this case, it's as much about deciding to live as it is about being an investor.

Properties sold off the ground usually cost up to 30% less than ready-made ones, and have the great advantage of offering modern designs. Another advantage is the payment terms. Negotiating the down payment for an apartment on the ground floor is much easier than having to deal with the bank in the first instance.

With this, you can take on the responsibility of buying your property and negotiating with the builder, until the bank financing stage arrives, when the development is delivered and you can be in an even better financial position.

Plan and do!

After doing this market research, getting to know the reality of your expectations and the reality of real estate, it's time to put everything on the table. This is the time to adjust your budget, understand whether the way you are managing your earnings is adequate and how much you have to gain, and start having an investor's mindset from an early age.

Talk to other friends who have already made this decision and also to professionals in the field. Set yourself the goal of buying your first property and draw up a plan to achieve this goal, which will certainly be a big step towards a more productive start in life.

If you want to learn more about the real estate market in Greater Florianópolis, you can count on Supera Urbanismo's exclusive sales team, the professionals at Mafra & Roman Corretores Associados are ready to present the best to take the first step towards your conquest!