Първо жилище – За какво да внимавате при покупка?

The purchase of first home is one of life's most important and exciting decisions. For most people it is significant financial investmentaccompanied by many emotions, but also by risks. In this article we will look at the key factors to watch out for when buying your first apartmentas well as common mistakes to avoid.

🔍 1. Set a realistic budget - not just the price of the apartment

Many buyers make the mistake of calculating only the price of the property without including the additional costs:

notary fees
fees for entry in the property register
commission to agency
renovation, furnishing or mortgage costs

📌 Tip: Use a property purchase cost calculator to plan everything in advance.

🏙 2. Choosing the right location - the neighbourhood is crucial

When you buy your first home, don't just choose by price. Explore:

the infrastructure of the area
availability of public transport
proximity to schools, shops and parks
future development of the neighborhood (new buildings, roads, businesses)

📍 Example for Plovdiv: Neighbourhoods like Hristo Smirnenski, The Mole, Tarquia и Kyuchuk Paris are especially sought after by young families because of the good combination of infrastructure and tranquility.

🏗 3. New construction or old construction - what to choose?

Each option has pros and cons:

New construction
✔️ modern distributions
✔️ lower maintenance costs in the early years
❌ is often "green" and carries more risk
❌ Act 16 may be missing

Old construction
✔️ lower price per sq.m
✔️ more central locations
❌ possible hidden defects (installations, insulation)
❌ need of major repairs

📌 Tip: If you buy new construction without act 16, consult professionals.

📝 4. Check the legal status of the property

Before signing any contract:

Check if the property has any encumbrances or mortgages
Make sure the seller is the actual owner
If you buy from a builder, ask for building permit documents, deeds 14/15/16

📌 Tip: Work with a trusted real estate brokerwho will check the property in the Property Registry.

💬 5. Be careful with emotional decisions

The first home is often chosen with the heart. It is understandable - a new home, a new stage of life. But:

Don't fall in love with the apartment without checking it in detail
Don't be fooled by too good a price
Don't rush into a decision - look at several options

📌 Tip: Make property inspection checklistto compare objectively.

🧾 6. Financing and mortgage - what to watch out for?

If you are going to use a mortgage loan:

Compare offers from several banks
Review the APR (annual percentage rate), not just the interest
Calculate whether you will be able to cover the contributions in the long term

📌 Tip: Search credit consultantto help you choose the best offer.

🛠 7. Budget for furnishing and renovation

After purchase you will need:

Furniture
possible repair
equipment and appliances
Plan them into the budget from the start.

✅ Conclusion: make an informed decision

Buying a first home isn't just an emotional decision - it's a long-term investment in your security and future. Be informed, ask questions, and always seek professional help when in doubt.