You can find an apartment for sale in Jounieh for a price that ranges between $200,000 and $2,500,000. Apartments in Jounieh would range between 80 to 600 sqm in size, consisting of one to four bedrooms. Chalets for sale in Jounieh range between $200,000 and $600,000 but are usually quite smaller than apartments. A chalet in Jounieh usually consists of 2 bedrooms by most that’s about 150 sqm in size. If you’re looking for a land for sale in Jounieh to invest in or build your own residence on, chances are that you’d find a 500 up to 7,000 sqm sized land there.
Individuals looking for residential properties are often confused between whether they should buy or rent a property. Specialists in the field of real estate and finance have a lot of advice about that. If you’re planning to stay in a property for less than five years, most of them recommend that you rent the property over buying it. And when it comes to budgeting, they recommend that your rental fees do not exceed 30-35% of your monthly incomes. So if you’re monthly income is $5,000, you rental and housing fees better not exceed $1,750 per month. Before you start searching online for the right property for you, makeup your mind on whether you want to rent or buy a property.
What to Expect
If you decide to buy a property, set a budget first/ It’s has been quite common for real estate purchases to be paid in installments over 20-15 years as payment facilities for those who can’t pay the whole amount upfront. Some home sellers ask for a down payment that usually ranges between 10-15% of the total property’s price. Then figure out the property specs you desire. How many bedrooms you need? This usually depends on the number of people living in the apartment. Is it only you? Or is someone like you spouse or family member staying in the apartment as well? If you’re a newly married person who’s planning to have a baby soon, you might want to account for that when you decided on the apartment specs. Switching apartments is not the easiest or most fun thing to do because it involves lots of paperwork and might incur you losses specially if the market was down.
Keep in mind, there are several real estate agents who operate in Jounieh that can give you helpful market insights to build your decision on.