To buy a property, it is important to ask yourself the right questions. Before starting to think about your budget or your financing method, it is wise to ask yourself three questions. These questions will allow you to define your needs and desires.
When buying real estate, the first question to ask yourself is the following: Where do I want to buy? Indeed, the location is the key to a successful investment. If you have a quality location, your property will not lose value in the years to come, on the contrary its value will increase and you will be able to realize an interesting capital gain. In the case of a rental investment, you will be able to rent your property without difficulty, as there will be many potential candidates for renting.
This rule is even more important in Mauritius as the different regions bring different lifestyles. If you want to buy in a tourist area with a strong economic dynamic or if you want to buy real estate in a quiet and preserved area, the choice of the region will be totally important.
In order to buy a property, you must also ask yourself whether it is better to buy a new or old property. To do this, you can ask yourself the following questions: When do I want to buy a property? Am I ready to do some work? Am I ready to buy a property off-plan?
Buying a new or old property is completely different, if you buy a new property, it is possible that the property you are interested in will not be delivered for a few years. Concerning the purchase of a property in the old, it is possible that there is work of renovations to be carried out.
It is very important to ask yourself whether you want to buy an apartment or a house. Of course it will depend on your habits, but the purchase of an apartment or a house differs on several points. The purchase of a house may require more important maintenance costs and the purchase of an apartment may involve condominium fees. It is important to make calculations and ask yourself the right questions.
Buying a house will generally allow you to live a peaceful life in large spaces, surrounded by greenery. You will also be able to pay fewer charges than in an apartment. Buying an apartment will offer you the security you have always dreamed of and the proximity to various amenities. It's up to you to choose the type of property that suits you best. The best thing to do is to visit and discover Mauritius to see what type of property you need once on the island.
Our BARNES Mauritius team, experts in real estate in Mauritius, is at your disposal to answer your questions and accompany you throughout your real estate plan.