Buying real estate: how to estimate your monthly bills once you're a homeowner?

Buying a property is a major step in life, but once you've got the keys, it's essential to plan your finances wisely in order to manage your property. One of the crucial aspects of this financial management lies in accurately estimating the monthly bills that await you as a homeowner. The three main components of these monthly expenses are energy bills, telecommunications charges and home insurance costs.

 

In this context, the primary objective is tooptimize these expenses to make the most of your real estate investment. How to keep your energy bills under control, choose your telecoms services wisely and take out the right home insurance are all crucial challenges in ensuring the financial viability of your real estate assets. This introduction will lay the foundations for an in-depth exploration of these essential aspects to ensure that your real estate purchase is a fruitful investment.

 

Save on your energy bills

 

Of course, choosing the right energy supplier and understanding how energy bills work are essential steps to saving on your monthly expenses. To keep your energy costs under control, it's essential to start by comparing offers from different energy suppliers. Opt for the one with the most competitive rates, but don't forget to take into account the quality of their customer service and the contract options that best meet your needs.

 

Once you've chosen your supplier, it's crucial to understand how energy bills work. These bills are generally divided into two main components: actual energy consumption and utility charges. Actual consumption is based on the amount of electricity and gas you actually used during the billing period, measured in kilowatt-hours (kWh).

 

Utility charges include distribution costs, government taxes and fees, and supplier management fees. They are mostly fixed and vary little from month to month. Understanding this breakdown will help you identify the levers you can use to reduce your costs. You can do this by adopting energy-saving behaviors, improving the efficiency of your home through insulation work, or opting for more energy-efficient appliances.

 

In short, by carefully choosing your energy supplier and understanding the elements that make up your bills, you can take control of your energy expenditure and make significant savings, thus helping to maximize the profitability of your property investment.

 

 

Choose the right Internet package to avoid overpaying

 

Choosing the right Internet offer is a crucial step if you want to avoid paying too much while still benefiting from a fast, reliable connection. In September 2023, the market offers several interesting options. The Bbox Series, for example, offers speeds of 1 Gbit/s in reception and 700 Mbit/s in transmission from just €19.99 per month. For those looking for even higher connection speeds, the Box Power offers 2 Gbit/s download and 500 Mbit/s upload from €29.99 per month. The Freebox Pop offers an impressive 5 Gbit/s download and 700 Mbit/s upload, also from €29.99 per month. Finally, the Livebox offers speeds of 500 Mbit/s download and 500 Mbit/s upload, from €24.99 per month.

 

However, it's important to note that the terms of Internet offers generally last for 12 months, after which prices may increase. It's therefore essential to keep a regular eye on your bill and compare box offers available via the top 10 on the market to ensure you benefit from the most advantageous rates. In addition, be aware of potential commitments, as subscribing to additional services, such as a SIM card with the same operator, can renew your commitment. In the end, by being vigilant and carefully examining the details of each offer, you can optimize your choice of Internet subscription and save money while enjoying a quality broadband connection.

 

 

Get the best home insurance to reduce your bills

 

Get the best the best home insurance can be an astute financial choice, not only to protect your home, but also to reduce your monthly bills in the long term. Indeed, although it may seem paradoxical, choosing the right home insurance can potentially reduce the interest rate you pay your bank. How is this possible?

 

When you take out a mortgage to finance the purchase of your home, the bank may grant you a more advantageous interest rate if you guarantee adequate protection for your property. This means that if you take out comprehensive home insurance that covers property damage, theft or other losses, your bank may be more inclined to offer you a lower interest rate, because it knows that its financial security is better protected.

 

When it comes to home insurance rates, Luko offers competitive deals starting from just €3.50 a month, providing quality protection at an affordable price. Axa, meanwhile, offers policies from €12.17 per month, with various coverage options to suit your specific needs. Crédit Agricole, on the other hand, offers personalized quotes for your home insurance, which can be an interesting option for obtaining tailor-made cover at a competitive rate.

 

In conclusion, choosing the best home insurance is a key element in managing your real estate finances. In addition to protecting your home, the right home insurance can help you secure a more favorable interest rate from your bank, which can translate into considerable savings over the long term.

 

This list is not exhaustive, but they are the main points to watch out for when buying a property. This will help you save money while choosing the options best suited to your situation.