Buying a home is one of life’s most important steps. However, this process is surrounded by beliefs that can create doubts and lead to poor decisions. At NCalma Homes, we want to help you distinguish reality from the most common myths so that your investment is safe and strategic.
“I absolutely need a 20% down payment.”
This is one of the most widespread myths in the real estate market. Although for years it was considered a general rule, today there are multiple financing options that allow you to buy a home with smaller initial payments. Banks and financial institutions offer products tailored to different profiles, opening the door to buyers who don’t have such large savings. The important thing is to assess your financial capacity, compare alternatives, and seek advice from experts who can guide you toward the best decision.
“Buying is always better than renting”
The idea that buying is the only smart option isn’t always true. The decision depends on your lifestyle, job stability, and long-term goals. If you’re looking to build wealth and stability, buying might be ideal. However, if you value flexibility, geographic mobility, or are in a transitional phase, renting might be more convenient. In destinations like Ibiza, where tourist demand is high, even renting can be a temporary strategy before taking the plunge and buying permanently.
“The price of the house is the only thing I should consider.”
Another common mistake is thinking that the purchase price is the only relevant factor. In reality, buying a home involves considering closing costs, taxes, maintenance, and potential renovations. These additional costs can significantly impact your budget. Furthermore, it’s important to evaluate the property’s energy efficiency, as a sustainable home can reduce expenses in the long run. At NCalma Homes, we always recommend conducting a comprehensive analysis that includes both the initial price and all associated costs.
“Location doesn’t matter if the house is beautiful”
Location is one of the most decisive factors in a property’s appreciation. A well-located house can become a solid investment, while a home in an unattractive area can lose value over time. In the Mediterranean, and especially in Ibiza, location is key: proximity to the sea, access to amenities, and a connection with nature are elements that make all the difference. A beautiful but poorly located property may not offer the expected return or the desired quality of life.
Buying a home is a decision that goes far beyond myths and popular beliefs. Assessing your financial capacity, considering your lifestyle, analyzing additional costs, and evaluating the location are essential steps for making informed decisions. At NCalma Homes, we believe that every investment should reflect your dreams and your vision for the future. Debunking these myths is the first step toward finding the home you truly want and making your purchase a safe and enriching experience.