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Every couple certainly hopes to move into their dream home right after marriage. However, not everyone is able to do so, especially when house prices keep soaring like they are now.
Many young couples choose to rent or stay with their parents for a while, hoping that in a few years they will be able to save enough money to buy a house.
Is this strategy correct? When is the right time to buy a house?
The Right Time to Buy a House
Here are some points to consider before deciding to buy a house.
Financial Stability
Buying a house is a big decision that will greatly impact your finances. Not only at the time of purchase, but your finances will also be significantly affected because you will need to pay other costs such as notary fees, installments, furniture, renovations, and many more.
Therefore, there's no need to rush into deciding to buy a house. Make sure your financial situation is stable so that no other needs are sacrificed when paying installments and unexpected expenses.
When Interest Rates Are Low
When is the right time to buy a house? You can also look at the bank's interest rates as a reference. Interest rates are an important factor when buying a house with a mortgage (KPR). If interest rates are low, it might be a good time to buy a house using a mortgage. With lower interest rates, the mortgage payments will be more affordable.
When You've Found the Right House
Since a house is usually lived in for a long time or even permanently, you must make sure that the house you're buying is truly suitable. Suitability should be assessed based on the building's quality, location, access, and public facilities around the house.
Take your time to conduct surveys and compare different houses. Avoid rushing into buying a house before you are completely sure about the condition of the one you're selecting.
Choosing a Subsidized House
For those of you with a monthly income of 8 million or lower, a subsidized house can be the right choice. A subsidized house is a government program aimed at making it easier for middle and lower-income people to own a home. The house can be purchased through a mortgage scheme.
Advantages of Buying a Subsidized House
Here are some advantages of buying a subsidized house:
Easy Requirements
The requirements for owning a subsidized house are quite simple. This house can be owned by Indonesian citizens who are at least 21 years old or married, have a tax identification number (NPWP), have been working for at least 1 year, and have an income not exceeding 8 million per month.
Low Down Payment
As a program targeted for the lower-middle economic group, the down payment for a subsidized house is significantly lower. Even with a down payment of less than 10 million, buyers can receive the house keys.
Lower Installments
With decent quality, subsidized houses are much more affordable compared to non-subsidized houses of the same type. This will be very helpful for lower-middle-income communities. The installments for subsidized houses are also much lighter, so they won’t heavily burden monthly cash flow.
Buying a Subsidized House from Ingria Group
Ingria Group is one of the developers of subsidized houses with many developments in strategic locations such as Bekasi, Bandung, Sumedang, Tangerang, and Samarinda. Ingria Group always prioritizes quality so that more people can own affordable yet high-quality homes.
People interested in buying a subsidized house can visit Ingria's website at https://ingriagroup.com/ and the Ingria Group social media pages to find the best house options and offers.
