On many occasions our personal and family circumstances change and we have to consider moving house. On other occasions, it is external factors that make us realise that we have other needs, such as, for example, the crisis caused by the coronavirus, which has marked a turning point in the tastes and needs of homeowners.
Replacement housing is no longer a property that just replaces the current one. Homeowners are looking for a new place to live that improves the conditions of their home and meets their current needs.
The acquisition of a repossession property has many advantages, a significant one of which being that the money obtained from the sale of the current home can be used as initial funds to cover the purchase of the new home. Although in most cases it does not fully cover the investment, it does provide money for the initial purchase and sale costs.
To find a replacement property that is a really good match for our new circumstances, there are a series of steps to be taken:
- Consider which aspects of the current home need to be different in the new place, and make a decision based on the medium or long-term future in order that the property we decide upon will meet all our needs.
- Carry out an analysis of the prices found in the area we are interested in, in order to be clear on the price we can afford to pay.
- Go to a real estate agency that will help us to define our current and future needs, and advise us on how to go about finding the property that meets our requirements.
At Lasose Properties & Investments we have a wide variety of properties on our books, each with different characteristics that are able to be adapted to all types of customers’ needs and tastes.