{"id":2882,"date":"2025-01-17T15:22:10","date_gmt":"2025-01-17T15:22:10","guid":{"rendered":"https:\/\/tih-business.fr\/how-do-i-become-a-homeowner\/"},"modified":"2025-01-17T15:22:10","modified_gmt":"2025-01-17T15:22:10","slug":"how-do-i-become-a-homeowner","status":"publish","type":"post","link":"https:\/\/tih-business.fr\/en\/how-do-i-become-a-homeowner\/","title":{"rendered":"How do I become a homeowner?"},"content":{"rendered":"\n\n<div class=\"kk-star-ratings kksr-auto kksr-align-left kksr-valign-top\"\n    data-payload='{&quot;align&quot;:&quot;left&quot;,&quot;id&quot;:&quot;2882&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;top&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;77&quot;,&quot;legendonly&quot;:&quot;&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;4.7&quot;,&quot;starsonly&quot;:&quot;&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;5&quot;,&quot;greet&quot;:&quot;Rate this post&quot;,&quot;legend&quot;:&quot;4.7\\\/5 - (77 votes)&quot;,&quot;size&quot;:&quot;15&quot;,&quot;title&quot;:&quot;How do I become a homeowner?&quot;,&quot;width&quot;:&quot;91.5&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}'>\n            \n<div class=\"kksr-stars\">\n    \n<div class=\"kksr-stars-inactive\">\n            <div class=\"kksr-star\" data-star=\"1\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 15px; height: 15px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"2\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 15px; height: 15px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"3\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 15px; height: 15px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"4\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 15px; height: 15px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"5\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 15px; height: 15px;\"><\/div>\n        <\/div>\n    <\/div>\n    \n<div class=\"kksr-stars-active\" style=\"width: 91.5px;\">\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 15px; height: 15px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 15px; height: 15px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 15px; height: 15px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 15px; height: 15px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 15px; height: 15px;\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n                \n\n<div class=\"kksr-legend\" style=\"font-size: 12px;\">\n            4.7\/5 - (77 votes)    <\/div>\n    <\/div>\n<p>Becoming a homeowner is an important life project, often seen as a key step in building wealth or seeking stability. Whether you&#8217;re buying your own home or a rental investment, buying real estate requires <strong>careful planning<\/strong> and preparation. But where should you start? What are the steps to follow to make your project a success without stress? This article guides you through <strong>the steps involved in becoming a homeowner<\/strong>, from defining your budget to handing over the keys. <\/p>\n<hr>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Sommaire<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/tih-business.fr\/en\/how-do-i-become-a-homeowner\/#1_Evaluate_your_budget_and_purchasing_capacity\" >1. Evaluate your budget and purchasing capacity<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/tih-business.fr\/en\/how-do-i-become-a-homeowner\/#Key_points_for_assessing_your_budget\" >Key points for assessing your budget :<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/tih-business.fr\/en\/how-do-i-become-a-homeowner\/#Use_tools_to_help_you\" >Use tools to help you<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/tih-business.fr\/en\/how-do-i-become-a-homeowner\/#2_Find_out_about_available_financial_aid\" >2. Find out about available financial aid<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/tih-business.fr\/en\/how-do-i-become-a-homeowner\/#The_main_aids\" >The main aids :<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/tih-business.fr\/en\/how-do-i-become-a-homeowner\/#3_Search_for_the_ideal_property\" >3. Search for the ideal property<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/tih-business.fr\/en\/how-do-i-become-a-homeowner\/#Define_your_search_criteria\" >Define your search criteria<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/tih-business.fr\/en\/how-do-i-become-a-homeowner\/#Where_to_look\" >Where to look?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/tih-business.fr\/en\/how-do-i-become-a-homeowner\/#4_Obtain_financing_and_prepare_your_loan_application\" >4. Obtain financing and prepare your loan application<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/tih-business.fr\/en\/how-do-i-become-a-homeowner\/#Steps_to_obtaining_a_mortgage\" >Steps to obtaining a mortgage :<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/tih-business.fr\/en\/how-do-i-become-a-homeowner\/#5_Sign_the_sales_agreement\" >5. Sign the sales agreement<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/tih-business.fr\/en\/how-do-i-become-a-homeowner\/#Compromise_contents\" >Compromise contents :<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/tih-business.fr\/en\/how-do-i-become-a-homeowner\/#6_Go_to_the_notary_for_the_final_deed_of_sale\" >6. Go to the notary for the final deed of sale<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/tih-business.fr\/en\/how-do-i-become-a-homeowner\/#The_role_of_the_notary\" >The role of the notary :<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/tih-business.fr\/en\/how-do-i-become-a-homeowner\/#Notary_fees\" >Notary fees<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/tih-business.fr\/en\/how-do-i-become-a-homeowner\/#7_Plan_for_expenses_after_purchase\" >7. Plan for expenses after purchase<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"1_Evaluate_your_budget_and_purchasing_capacity\"><\/span><strong>1. Evaluate your budget and purchasing capacity<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The first step in becoming a homeowner is to define <strong>your purchasing capacity<\/strong> in relation to your financial situation. This will enable you to target properties suited to your budget. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Key_points_for_assessing_your_budget\"><\/span><strong>Key points for assessing your budget :<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Your monthly income<\/strong>: Add up your salaries, bonuses and other stable sources of income.<\/li>\n<li><strong>Your fixed expenses<\/strong>: Current rent, outstanding loans, insurance, etc.<\/li>\n<li><strong>Your personal contribution<\/strong>: Savings available to cover purchase costs (notary fees, security deposit, etc.).<\/li>\n<li><strong>Your borrowing capacity<\/strong>: In general, your monthly credit payments should not exceed <strong>35%<\/strong> of your net income (recommended debt ratio).<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Use_tools_to_help_you\"><\/span><strong>Use tools to help you<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Online simulators to calculate your borrowing capacity.<\/li>\n<li>Make an appointment with a <strong>bank advisor<\/strong> to get an initial estimate.<\/li>\n<\/ul>\n<p><strong>Tip<\/strong>: The higher your downpayment, the better your loan terms.<\/p>\n<hr>\n<h2><span class=\"ez-toc-section\" id=\"2_Find_out_about_available_financial_aid\"><\/span><strong>2. Find out about available financial aid<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>To facilitate access to home ownership, a number of financial assistance schemes exist, particularly for first-time buyers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_main_aids\"><\/span><strong>The main aids :<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Pr\u00eat \u00e0 Taux Z\u00e9ro (PTZ)<\/strong>: An interest-free loan for people buying their first primary residence, either new or renovated.<\/li>\n<li><strong>Action Logement loan<\/strong>: Offered to employees in the private sector, this loan finances part of the purchase on attractive terms.<\/li>\n<li><strong>Assistance from local authorities<\/strong>: Some regions, d\u00e9partements and towns offer subsidies to encourage home ownership.<\/li>\n<li><strong>The Pr\u00eat d&#8217;Accession Sociale (PAS)<\/strong>: A loan for low-income households, with reduced costs and an attractive interest rate.<\/li>\n<\/ul>\n<p><strong>Tip<\/strong>: Check with your bank or organizations such as <strong>Action Logement<\/strong> to find out if you are eligible for these schemes.<\/p>\n<hr>\n<h2><span class=\"ez-toc-section\" id=\"3_Search_for_the_ideal_property\"><\/span><strong>3. Search for the ideal property<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Once you&#8217;ve established your budget, it&#8217;s time to look for the property that meets your criteria and needs.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Define_your_search_criteria\"><\/span><strong>Define your search criteria<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Type of property<\/strong>: Apartment, house, new or old.<\/li>\n<li><strong>Location<\/strong>: Close to schools, shops, transport, etc.<\/li>\n<li><strong>Size and layout<\/strong>: number of bedrooms, presence of a garden or balcony.<\/li>\n<li><strong>Overall budget<\/strong>: Including purchase price and any work required.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Where_to_look\"><\/span><strong>Where to look?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Real estate agencies<\/strong>: Experts to help you get the job done.<\/li>\n<li><strong>Online ad sites<\/strong>: Le Bon Coin, SeLoger, PAP, etc.<\/li>\n<li><strong>Property developers<\/strong>: For the purchase of a new property.<\/li>\n<\/ul>\n<p><strong>Tip<\/strong>: Visit several properties to compare and make an informed decision. During your visits, pay particular attention to the general condition of the property, its thermal insulation and any work to be carried out. <\/p>\n<hr>\n<h2><span class=\"ez-toc-section\" id=\"4_Obtain_financing_and_prepare_your_loan_application\"><\/span><strong>4. Obtain financing and prepare your loan application<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Once you&#8217;ve found the property you&#8217;re looking for, it&#8217;s time to look for <strong>real estate financing<\/strong> to make your purchase a reality.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Steps_to_obtaining_a_mortgage\"><\/span><strong>Steps to obtaining a mortgage :<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li><strong>Ask for an agreement in principle<\/strong>: Consult several banks or brokers to compare offers.<\/li>\n<li><strong>Putting together your loan file<\/strong>: Prepare the necessary documents:\n<ul>\n<li>Proof of identity and family status.<\/li>\n<li>Latest pay slips.<\/li>\n<li>Notice of tax assessment.<\/li>\n<li>Bank statements.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Compare loan offers<\/strong>: Look at interest rates, ancillary costs (administration fees, loan insurance) and loan term.<\/li>\n<li><strong>Signing the loan offer<\/strong>: Once you&#8217;ve accepted the offer, you have <strong>10 days to think it over<\/strong> before signing.<\/li>\n<\/ol>\n<p><strong>Tip<\/strong>: Using a <strong>real estate broker<\/strong> can save you time and help you get a better rate.<\/p>\n<hr>\n<h2><span class=\"ez-toc-section\" id=\"5_Sign_the_sales_agreement\"><\/span><strong>5. Sign the sales agreement<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The compromis de vente is a key document that commits both buyer and seller. It precedes the final sale and sets out the terms of the transaction. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Compromise_contents\"><\/span><strong>Compromise contents :<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>The sale price of the property.<\/li>\n<li>Conditions precedent (obtaining a loan, absence of easements, etc.).<\/li>\n<li>The planned date for signing the final deed.<\/li>\n<\/ul>\n<p><strong>Good to know<\/strong>: After signing the contract, you have <strong>10 days in which to withdraw<\/strong> from your commitment, free of charge.<\/p>\n<hr>\n<h2><span class=\"ez-toc-section\" id=\"6_Go_to_the_notary_for_the_final_deed_of_sale\"><\/span><strong>6. Go to the notary for the final deed of sale<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The final step in becoming a homeowner is to sign the<strong>deed of sale<\/strong> at the notary&#8217;s office.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_role_of_the_notary\"><\/span><strong>The role of the notary :<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Check the legality of the transaction.<\/li>\n<li>Draw up the deed of sale and collect the funds.<\/li>\n<li>Hand over keys and title deeds.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Notary_fees\"><\/span><strong>Notary fees<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Notary fees represent around <strong>7-8% of the purchase price<\/strong> for an old property and around <strong>2-3%<\/strong> for a new one. They include taxes, fees and administrative costs. <strong>Tip<\/strong>: budget for these costs to avoid unpleasant surprises. <\/p>\n<hr>\n<h2><span class=\"ez-toc-section\" id=\"7_Plan_for_expenses_after_purchase\"><\/span><strong>7. Plan for expenses after purchase<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Once you&#8217;re a homeowner, you&#8217;ll need to anticipate new expenses:<\/p>\n<ul>\n<li><strong>Taxes<\/strong>: Property tax is now your responsibility.<\/li>\n<li><strong>Home insurance<\/strong>: Mandatory to protect your property.<\/li>\n<li><strong>Condominium fees<\/strong> (for an apartment).<\/li>\n<li><strong>Work and maintenance<\/strong>: Set aside a budget to maintain your home over the long term.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Discover the essential steps and procedures for becoming a homeowner and making a success of your real estate project with complete peace of mind.<\/p>\n","protected":false},"author":3,"featured_media":2883,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","rank_math_title":"","rank_math_description":"","rank_math_canonical_url":"","rank_math_focus_keyword":"become an owner"},"categories":[226],"tags":[],"class_list":["post-2882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"_links":{"self":[{"href":"https:\/\/tih-business.fr\/en\/wp-json\/wp\/v2\/posts\/2882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tih-business.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tih-business.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tih-business.fr\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/tih-business.fr\/en\/wp-json\/wp\/v2\/comments?post=2882"}],"version-history":[{"count":0,"href":"https:\/\/tih-business.fr\/en\/wp-json\/wp\/v2\/posts\/2882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tih-business.fr\/en\/wp-json\/wp\/v2\/media\/2883"}],"wp:attachment":[{"href":"https:\/\/tih-business.fr\/en\/wp-json\/wp\/v2\/media?parent=2882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tih-business.fr\/en\/wp-json\/wp\/v2\/categories?post=2882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tih-business.fr\/en\/wp-json\/wp\/v2\/tags?post=2882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}