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Buying real estate with a mortgage is a common practice in Estonia. However, to successfully obtain a mortgage, several key aspects must be considered. Down payment and state support:Most banks require a 15% down payment of the property price. However, some groups of people can access state support through the Fond Kindlustus (formerly KredEx), which…
Renting housing is an important process that requires attention to detail. Here are key points to consider: Utilities:Before signing the lease, ask for utility bills for different months, as utility costs can vary significantly between winter and summer. This will help avoid unpleasant surprises in the future. Owner verification:To make sure the landlord has the…
Selling real estate requires preparation and market knowledge. Market research:Before setting a price, it is important to research similar properties in your area to understand the real market value. Setting the price too high may scare off buyers, while setting it too low can lead to financial losses. Selling privately or through a realtor:Selling privately…
Renting out an apartment is not only a source of income but also comes with certain responsibilities. Deposit size:The standard practice is 1-2 months’ rent, but the parties can agree on other terms. Lease agreement:The document should clearly state: Tax on rental income:Income from renting property is subject to tax. It’s important to check the…
Owning a home is a keystone of wealth… both financial affluence and emotional security.
