In Brazil, one of the most important issues for Brazilians is the acquisition of their own home, perhaps for a cultural reason it has become something of extreme importance. Unfortunately, with the rise in inflation and interest rates, the number of people who choose to rent a property instead of buying has increased more and more. But, after all, is buying a financed house worth it?

In this sense, knowing the right time to rent or finance a property, as well as understanding the advantages and disadvantages of each of these modalities and, above all, understanding which one your family fits into, is very important to make the best decision. .

Thinking about it, let's help you understand better about it so you can choose the best one according to your current scenario. Check out!

To answer this question, we need, first of all, to understand the advantages and disadvantages of each of these modalities. Starting with rent.

This is because renting a house can be advantageous due to the mobility between being able to change houses as many times as you want without many problems.

Still among the advantages, renting also involves less bureaucracy with documents.

And, in addition, if you are not in a favorable moment, it is also the best option because it is a lower cost hypothesis.

On the other hand, among the negative points, the owner of the property can choose to terminate the contract at any time and, thus, you need to withdraw.

In addition, any changes you want to make to the structure of the house will also need the owner's authorization.

When it comes to financing the property, it should be noted that there is more bureaucracy and also documentation regarding the purchase and sale contract. Still, if you want to give up the property, the bureaucracy is also greater.

And, in addition, between choosing to rent a property or finance it, you need to rethink whether that property is what your family and you want to spend for a longer period of time or for a lifetime. That's because you will become the owner of the property.

Also, when financing a property, you must remember that interest rates are usually high and you will also have other expenses with renovations.

Thus, to find out the best option between renting or financing a property, the best alternative is to calculate each option in addition to understanding your current moment in life and what your family and you want for the future.

First, there are situations in which it will be more interesting to rent a property.

For example, if you are going through an unfavorable financial situation, it will be more advantageous and cheaper to give up financing your property.

On the other hand, there are cases where financing property can be advantageous, for example, if you are able to make a larger down payment to finance the property, interest rates can be significantly reduced, making it much more interesting.

Also, as we mentioned earlier, when renting a property, any renovations carried out on the premises must be reported to the owner and all improvements made may not be reimbursed by the owner of the property. 

On the other hand, if you are the owner and make the improvements, in the long run, you will have a financial return on the property.

Still in this sense, the value of the property also changes over the years and waiting to finance later, may mean that the value of the house or apartment has already changed and you miss a good opportunity.

In this way, the important thing is for you to calmly assess whether it is worth renting or financing the property based on the amounts and interest.

In addition, financial institutions assess the consumer's credit profile and score to set interest rates, that is, the better your score, your chances of credit approval will also be greater and so will the payment terms.

It is undeniable that it pays to finance a property when conditions are favorable in the country and also in your financial life.

On the other hand, some questions can help you make the best decision.

In 2022, the forecast is that the interest rate will reach double digits and the increase in the Selic rate will directly impact the interest charged to finance real estate, which means an unfavorable moment for Brazilians.

Since 2016, the Selic rate has maintained its lowest level in history, favoring the financing scenario.

Thus, these financings were mainly favorable for part of the middle to high-income population.

On the other hand, in 2020, demand for financed properties increased significantly due to the isolation of people who started looking for residential properties in places with more comfort.

This is also explained by the high demand and the consequent high interest rate.

Thus, at the end of last year, the rate rose again and tends to rise more and more. So, if you need and want to finance a property, we recommend that you do so before the Selic rate increases even more.

On the other hand, if you can still wait, the ideal is to invest in resources and choose to finance a property at a more appropriate time.

In this way, try to find out from brokers about the interest on real estate to finance and guarantee the best option for you.

Now that you've understood whether buying a financed home is worth it, let's explain what the Casa Verde e Amarela program is all about.

The program is a Federal Government benefit that aims to facilitate the financing of own property for people through subsidies that are used to reduce purchase installments.

Thus, it aims to expand housing and meet the needs of Brazilians by promoting the development of housing and stimulating modernization in cities.

Also, it is a program with minimum interest rates, in the range of 4.25% and which may change depending on the family and location of the property.

In this way, it is ideal for Brazilians who wish to acquire their own home, as it has low rates and attractive values.

So, access the recommended content below to learn more about the program.