How to get out of renting: a guide to financial planning

Getting out of renting and owning your own home is a dream for most people. It's a big step that requires financial planning, organization and, above all, help in choosing the best option.

In this guide, you'll find all the main tips for getting organized and achieving your dream of owning your own apartment. Read on and see how to prepare for this new stage in your life!

Write down all your expenses

In a spreadsheet, make a list of all your fixed expenses such as card bills, supermarket purchases, bills and other debts. In another section, also list your variable expenses, such as medical expenses, restaurants, trips and other everyday demands.

With the spreadsheet, it's easier to see which expenses are really necessary and which can be re-evaluated within your budget.

Check out the monthly amount you can afford

Knowing the costs of your home will give you a solid idea of where you can save money and how much you can use each month to pay the installments on your apartment.

This amount must be well calculated so that there are no surprises in a few months. That's why it's important to establish an amount that won't jeopardize your budget, at least with the most important fixed and variable expenses.

Look for ways to make a good down payment

A good way to reduce your mortgage installments and payment period is to pay a large part of the price of the apartment as a down payment. As a down payment on your property, you can offer your FGTS, which can be used on a few occasions, one of which is buying real estate.

Along with this, you can also organize yourself to get extra income, which will go entirely towards the FGTS and make the down payment larger, thus reducing the amount of the spare installments. The larger the down payment, the lower the number and value of the installments and, consequently, the interest. That's why the bigger the down payment on your apartment, the better.

Take your time and look at the proposals

Buying an apartment and getting out of renting is a big step. That's why it's essential to make this move with caution. Don't be in a hurry to find a place that meets your needs and those of your family, with good financial offers for your condition.

In addition, look at details such as the location and the benefits the development offers, such as leisure facilities in the condominium and other facilities, such as a gym, coworkingamong others.

Don't be afraid of financing

Planned financing is here to help you realize your dream of getting out of renting. Every month, you pay installments on something that is yours, putting your money to good use. So don't be afraid to finance your property, just plan and organize yourself so you can pay the installments.

Getting out of renting is entirely possible! And with the right options and organization, there's no doubt that you'll get an excellent deal. To help you in your mission to find the ideal apartment, we present the Park Stepsa development with privileged location that will bring much more quality of life to you and your family. Come and see and fall in love!