The following tips will help you to understand some things about the process of purchasing your own property in the Czech Republic.
- Formulate your housing needs. The first thing you want to do when planning to buy a house in the Czech Republic is to formulate your housing needs. You should consider what you want and what do you expect from your new housing. It also very important to establish your future plans and your priorities. There is a possibility that you are not going to find the perfect home but having the idea of what you want will help you to concentrate on choosing the right one for you.
- Choose the right location. People often search for a new home near where they currently rent an apartment. Do not be afraid of change. Take some time and see as much possible locations as you can. Dejvice, Vokovice, Veleslavín, Strašnice, Smíchov, Podolí, Vinohrady, Břevnov, Vršovice, Pankrác, or Bubeneč are the good addresses in Prague today. Flats in these areas will probably increase in value. However, families must also consider the availability and accessibility of kindergartens and schools for their children and what they need for their own hobbies and interests. There’s no sense in living next to tennis courts if you’d rather play football.
- Keep calm during your search. It is very important to keep calm when searching for a house. You may be disappointed when a property doesn’t look nice as it did in the advertisement, but don’t be discouraged. It is vital to remember that you shouldn’t sign anything until you have examined the premises, investigated the legal details and decided that this is the property you want.
- Negotiate the price. If you want to negotiate the price when buying property in the Czech Republic, decide in advance how much you are willing to pay. Negotiate the price reduction directly with the owner and use rational reasoning. Leave emotions behind.
- Hire a lawyer. When you have agreed upon the purchase price you should prepare purchase agreement. Have your lawyer with you to protect your interests and never send money directly to the account of the seller or the agency.