How to plan for owning your dream apartment

22 July 2023
How to plan for owning your dream apartment

Buying a home, even though it happens every day, is neither simple nor something done overnight. You need to plan properly so you get the best property in terms of size and location, so it suits you, and so you get the best value for the price you pay. Here is the plan to help you do that.

Step one: make sure you are genuinely ready to own

Buying property is a major financial commitment, so prepare for it properly: budget for the price of the apartment itself, its finishing, and its regular maintenance. If you are buying on instalments you need the deposit and the first months’ payments ready. And of course your budget plays the biggest role in the location and size you can afford.

Step two: start looking

The internet has made this far easier — you will find apartments for sale in almost any city across social media, on top of the dedicated property portals. Our advice is to buy from a development company rather than just a marketing agency, because the developer owns the apartment and built it from the start, so you are buying from the original owner with no commission or middleman.

Step three: think long term

Your apartment might just be somewhere to live now, but it can also be a long-term investment. We often see people buying in distant areas or cities because that is where the future is — like Marsa Matrouh over the past twenty years. Anyone who bought five years ago could now sell for several times the amount.

Step four: choose the right time to buy

Although people buy property every day, there are certain seasons when prices are a little lower and developers add more offers and easier terms. Wait for the moment that suits you.

Final step: buy!

Congratulations, you now own your dream apartment. But it does not end at the keys — take care of the paperwork and review the contracts carefully.

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Sea Gate Real Estate Development — seaside residential projects in Marsa Matrouh and the North Coast.

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