How much should you save to buy a home?

But, if you decide to buy a house, how much money do you need? Currently, banks offer a loan of 80% of the price of the house,; therefore, if you want to buy a house, the interested person must own 20% of the total price.

Despite this percentage, it must be taken into account that there are additional expenses, that is, they are not included within this 20%, which must be taken into account. These expenses are those of the notary, the property registry, VAT (in the case that the house is newly built) and the property transfer tax (in the case that the house is not newly built). These expenses are usually reflected in the increase of 15% of the total of the house, therefore, finally, it is recommended to have a total of 35% of the total price of the property.

The truth is that it may seem that we are talking about a lot of money, but in the end, it ends up being an investment. What do you think? Do you think that you should save a lot or do you think we are talking about a reasonable amount?