Guide : buy a house in Brussels in 6 steps

Becoming a home-owner is an important step in everyone's life. This decision certainly generates a lot of enthusiasm and also represents a challenge that must be faced with confidence.

In this article, you will find the steps to follow to buy a house in the capital city of Brussels by eliminating the risks associated with this type of purchase.

Step 1: Consider the reasons for the purchase

Owning is not the only option available to you. Before embarking on this process, we therefore strongly recommend that you know if this alternative is better suited to you than renting.

Your personal and professional circumstances are undoubtedly crucial. If you are going to settle permanently in Brussels, buying a house is the best way to go. However, if your professional situation may change causing you to travel regularly, renting a property may be a simpler option. This alternative will be more suited to your need for flexibility and will avoid certain constraints.

To find out more about houses to buy in Brussels, contact one of the Engel & Völkers real estate agencies. You will find a wide variety of properties one of which is bound to be the next property you fall in love with!

Step 2: Define the limits of your budget

Defining a budget is the first step in buying real estate. For that, we advise you to take account of these 3 elements:

A minimum contribution: This is usually money saved to be used as a deposit with the bank. The minimum amount is approximately 10% of the total value of the house. Without this, you will not be eligible for certain types of mortgage loans.

Salary and income: Your income is another aspect that banks take into account when granting you credit. The monthly repayment installment must not exceed one third of your salary or your total income (if you already have another property, for example).

Different banking organizations: Before deciding which banking establishment to choose, consider making an appointment with a banking agent or broker to maximize your chances.

Step 3: Find that real gem

You need to be certain in your choice of home in which you plan to invest! Our agents will help you buy your future home in Brussels.

Contact one of our Brussels agencies near you or in the region where you wish to live. A wide choice of real estate awaits you with a good chance of finding the home of your dreams. Here are the avenues to use to facilitate your research:

• Follow the advice of your Engel & Völkers agent
• Consult the website of Engel & Völkers Brussels
• Use the E&V Property Search mobile app
• Local media and newspapers
• Organize regular visits to the neighborhood you want to live in
• Speak to your friends and relatives
  

Step 4: Negotiate the price

If the vendor sets a price, that doesn't mean you can't negotiate. However, you have to know the reality of the real estate market well and make lower but serious proposals. In negotiating, you may bring the renovation work that you deem necessary into the discussion.

Our agents put their skills and expertise at your service to help you negotiate and get the price that suits your budget. You may therefore benefit from a discount of between 5% and 15%.

Step 5: Take out the necessary insurance

To protect your real estate investment, you need to insure it. Comprehensive insurance guarantees you attractive compensation in the event of flood damage, theft and fire. As you buy your house in Brussels, certain details must be considered. Ask for an offer from different companies, for a pragmatic choice and to be sure of complete coverage.

Step 6: Organize the move

Now that you've bought your dream home in Brussels, it's time to move in. Moving can be a difficult step. To make it easier, be organized by considering the points below:

• Be selective and separate the items you plan to dispose of from those you will keep. The first group is to throw or give away and the second is to pack to be taken with you to your new home in Brussels
• Set your moving budget and opt for all-in solutions to save time and effort
• Consider insurance for risks associated with the move.
• Create a "to-do list" so you don't forget anything
• Tell everyone your new address (some service providers help you in this process, such as energy suppliers)

That's it, you are ready to buy your house in Brussels!

To find the house of your dreams, in the Brussels district that suits you, contact one of our 6 Engel & Völkers agencies in Brussels. Our local agents will support you every step of the way, from searching for your property to signing contracts.