Getting Advice on buying a property in Belgium
I have been working and living in Brussels for more than 5 years but recently I got a green-light from my bank to receive a property loan. Now I am gathering my thoughts to choose the right type of property to buy. This is my first property and I am going to live in it with my wife and new born baby. But since I have to pay the loan installment for a long time(20 years) I am looking at it as a long term investment as well.
Would it be wise to buy a house in the suburb that comes with a big yard and bigger building but its rather old and requires a complete renovation (including the parquet and tiling , full new kitchen and painting... basically you can only count on the walls and the roof!) OR buy a brand new, fully equipped house which is closer to the city center but with much less overall ground and smaller building with the same price or even more expensive?
I am a DIY guy and not afraid to live in an old building and gradually renovate it myself but have no idea how much such a substantial renovation can cost in Belgium. This is a very important decision and I will really appreciate a second opinion about it.