One of the Most Important Resolutions

At the start of the new year, it's inevitable to reflect on the past 12 months and envision our dreams for the future. In a period marked by inflation, fluctuating interest rates, and political uncertainty, along with significant changes in the real estate market due to the enforcement of new laws, it's essential to consider the current context when setting our resolutions for 2024, among which surely includes the goal of buying your own home. GR Estates assists you with the most important goal of your life. Note down the keys to achieve it! 

1. Be Mindful of Your Consumption

In challenging times like those in Spain today, it's crucial to carefully analyze our consumption habits. Inflation has impacted our economic resources, making it the perfect time to eliminate unnecessary expenses in our day-to-day life. Thoughtful consumption decisions not only benefit your wallet but also contribute to building a more responsible and sustainable market. Consider recycling more, choose local and durable products, and reduce unnecessary expenses to get closer to your goal of obtaining a new property.

2. Set Realistic and Consistent Savings Goals

If your dream is to acquire a second home, rent a beautiful apartment, or buy your first property, setting realistic but strict savings goals is essential. With the possibility of a slight decrease in housing prices and stable interest rates, 2024 can be a favorable year to invest in the property you've always desired. Take the opportunity to sell items you no longer need and gain additional liquidity to finance your future projects.

3. Accurately Calculate Your Finances

Before taking the step towards buying a house, it's essential to have sufficient savings. Experts suggest having at least 35% of the total value, including 20% for the mortgage and 10-15% allocated to variable expenses. This knowledge will help you determine what type of property you can afford and plan effectively.

4. Look for the Home You Truly Need

In the midst of daily routines, don't forget the fundamental goal of finding a home that provides genuine comfort. This year is an opportunity to prioritize personal and family well-being by searching for a space that reflects your dreams and needs. The perfect home goes beyond square meters; it's where each room becomes a canvas for building unforgettable memories, surrounded by the services you want nearby or other family homes you'd like to have close by for unforeseen events.

5. Seize the Start of the Year for Renovations

January is ideal for starting exciting projects, such as creating cozy spaces in your current property or one you've recently purchased. Personalize your home to fit your real needs, whether it's a reading nook, a yoga area, or a comfortable and healthy workspace. Cleanliness, order, and personalized design are key to fully enjoying your surroundings.

6. Sustainability in 2024

When moving to a new home, consider the impact of your lifestyle on the environment. 2024 is the perfect year to invest in renewable energies, establish a recycling system at home, and choose sustainable materials. Opting for natural textiles and furniture contributes to a more eco-friendly and durable home, also aligning with the current trend in interior design.

At GR Estates, we're here to help you achieve your real estate resolutions in 2024 in the best corner of Spain: the paradise of the Costa del Sol. Wishing you a year full of accomplishments and looking forward to your call for the perfect home on the Costa del Sol!

The GR Estates Team