Thinking of moving into an apartment? Know the main costs you will have and get organized

It is the realization of a dream to be able to acquire the first apartment. Having your own space is an important step for our individual growth. By moving to a new property, we can gain independence, stop paying rent, start a family project, start an investment for your future, choose the place in the city we want to live and even decorate everything in our own way.

Despite the desire to have their own apartment, we often do not know where to start and what the main costs of this new stage of life are. After all, well-done planning and research on financing possibilities and strategies to buy property are essential to turn a dream into reality.

Choosing an apartment with a complete leisure condominium if we intend to start a family or a neighborhood that will save us time to go to work are things to put in the balance before making this dream come true. In addition, we need to consider all the expenses we will have in the new home.

In this sense, we have prepared this article with excellent tips for those who are going to move into their first apartment. Check out!

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The first steps before moving to own property

There are a few steps we need to take care of before moving into our own apartment. The first step is to research the real estate market and decide whether you prefer a new, used or off-plan apartment.

From there, you can choose the neighborhood and the type of apartment you want. For example, if you want a two-bedroom apartment to start a family or a one-bedroom apartment to live on your own.

The second step is to evaluate the builder and Real Estate Company. It is important to look for a company that offers dedication and care, after all it is the process of making a dream come true. The construction company and the real estate agent will help with the following steps: payment methods and apartment financing.

Usually, when buying a property, you need to make a down payment of 20% of the total value. However, there are ways to buy it and not need to make a down payment through government housing assistance programs.

After the down payment, the next step is the financing of the apartment, in which the rest of the value will be paid in installments and annual interest will be charged.

Choosing the best type of financing, assess the property’s infrastructure before closing the purchase. See if the apartment has everything you need: closed condominium, number of rooms, parking spaces, etc.

Finally, with the help of the builder or real estate Company, separate all the necessary documentation and make your dream come true.

What are the main costs of an apartment?

Knowing what to check before buying an apartment is essential to not regret it, after all, it is an investment for a lifetime. Therefore, it is important to know the main costs of maintaining an apartment. These expenses can be short-term and long-term.

Below, check out the main items and how to plan financially:

Financing installments

The amount to be financed when buying an apartment is the difference between the down payment and the total amount. Real estate financing works like a loan that guarantees the property to the applicant. This amount will be divided into an amount of times for a long term.

This amount can be subsidized by government programs, such as Minha Casa Minha Vida, or through consortia and bank financing. Based on the documentation, the choice of the apartment and the approval of the financial institution, the asset is paid off and you become the owner of the apartment, paying the debt to the bank in monthly installments.

It is important to remember that this is a long-term cost that can last for more than a decade. Therefore, planning to include it in the monthly budget is essential. It is also essential to find a way to finance your property with the lowest interest rate and save before moving.


Ownership of an apartment is a fixed long-term expense. The nomenclature itself indicates that it is a space divided between several people. Living in a closed condominium has several advantages, such as security, leisure area and privacy.

Nowadays, we have affordable condominiums, especially when the number of residents is greater, which present a good structure for those who want to have a family or entertain friends, meeting personal demands and a budget that fits in your pocket. Newer buildings usually have a game room, gourmet space and a children’s play area.

Another important tip is to seek information before deciding on the location, paying attention to the administration and observing if there are debts, fines or labor and legal actions. It is worth noting if there is any extra fee and for how long it will affect the value of the condominium.

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IPTU stands for Urban Property and Land Property Tax. It is an amount charged to property owners in urban areas. The tax is the estimate of the purchase and sale value of the property, the market value, and multiplied by the tax percentage established by the Government.

The tax can be spread in small monthly installments over a year, but there are discounts if a one-time payment is made before a deadline, which changes by city. Thus, planning in advance, it is possible to choose the best way to keep the budget up to date – remembering that IPTU is an annual cost in the long term.

Fixed expenses (water, electricity, gas and internet)

Another long-term expense that we need to put on the spreadsheet is fixed expenses. These are the monthly costs that need to be included in the monthly income for us to have quality of life. We can highlight four main ones: water, electricity, gas and the internet.

One way to save is to have individual water metering, which usually makes the condominium price more affordable and you only pay for your consumption. It is also possible to save individually, as well as on the electricity bill – reducing usage, such as less time-consuming baths.

With the increase in cooking gas, it is worth putting in the spreadsheet the possibility of choosing an apartment with piped gas. In addition to cutting the cost of cooking, it is possible to reduce the electricity bill, especially by switching from the electric shower to the gas one. In relation to the internet, it is good to observe if there are local providers that have a better cost-benefit ratio or if the best one for your family is a large provider that offers the combo landline and cable TV.

Invest in renovation to save on maintenance

The investment in finishing the apartment must be accounted for as a cost in the moving process. It is usually a high and short-term expense.

Even acquiring the property of your dreams, some change is always necessary, such as lights, sockets, boxes, toilets, cabinets, screens on the windows in case of children and/or animals, etc. Decoration must also be taken into account in this regard.

It is recommended to invest a little more in the renovation, with long-lasting materials, so that less is spent on maintenance in the future, and in a work schedule so that the entire renovation has a deadline for each stage to be completed. Small later renovations will cost less and will be punctual, not permanent.

Another tip is to save month-to-month for these small renovations and don’t be caught off guard.


Property insurance serves as a guarantee to avoid unnecessary problems and expenses. Like car insurance, there are different property insurance policies. The greater the extension of the property, the greater the amount of insurance, but the more protected your apartment will be against fire, theft, wiring problems, appliance repairs and other accidents.

If possible, it is worth making a quote with an insurance broker.

Financial planning is essential for anyone moving into their first apartment

Buying and moving into your own apartment requires financial planning, as there are several short and long term expenses. Thus, it is essential to organize your expenses. It is important to make an expense and income spreadsheet. Watch the money that comes in, write down expenses, and keep track of the amounts that go out.

It is essential to carry out a survey of fixed costs. Therefore, organize your personal accounts and put the main costs of your apartment in the spreadsheet – the installment of the loan, the condominium and the fixed bills – and plan in advance other types of expenses.

Another tip is to always make an emergency reservation. Separating a percentage of monthly income is essential to not have to deal with surprises along the way. The family financial planning is the best way to have control of costs and be able to live the dream of your own apartment.

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