The legal side.
As with most things in life, there are legal implications you have to be aware of before you start going through the classifieds. For instance, will you and your partner be joint tenants or tenants-in-common? With the first option, you both have a right of survivorship, where your portion of the home goes to your spouse if you should pass away. While the second option the other person’s portion of the property may only be transferred through a will, and if they die intestate, then it is handled by the State. To find out more, visit the National Land Agency for more information.
Save money for renovations.
If you’re buying your first home, we suggest setting aside some funds for renovations, so that you can make that house your forever home. Doing renovations gives you room to personalise your space and to add your own ‘touch’. Plus, working together on small projects can help build a bond between you. #goals