Finding a home

The type of housing people choose depends on their life situation. Part-ownership and right-of-occupancy housing are alternatives to owning property and renting. Comparisons compiled by the authorities and the banks on the advantages and disadvantages of different types of housing can be of help in choosing the right type of housing.

In addition to the type of housing, financing methods also have an impact on the costs of housing. Taking out a mortgage is a long-term solution, so the decision to take out a loan and the terms and conditions of the loan should be considered with care. The consumer authorities and banks can give advice on questions concerning financing.

Maintenance costs and expenditure on renovations can also affect the cost of housing. Different parties are responsible for paying housing management and maintenance costs depending on the type of housing. You should establish who is responsible for what before finding a place to live.

Cheap accommodation is also available for students and young people in working life. Sheltered accommodation is an alternative for people who need a lot of help in going about their daily lives.

Types of housing

Part-ownership and right-of-occupancy housing are alternatives to the traditional forms of owning and renting property. Residents in right-of-occupancy housing pay a right-of-occupancy fee, which is a share of the purchase price of the dwelling, and then a monthly maintenance charge. A right-of-occupancy house cannot be bought outright. Residents in part-ownership housing buy part of the dwelling immediately. Residents pay rent to begin with and can later become the full owner of the property.

• Housing types
  Buying and owning a home, rented homes, service housing, right-of-occupancy housing.
  
  http://www.housing.fi/?action=browse&path=7,1975
  Housing Finance and Development Centre of Finland ARA, Ministry of the Environment

Financing a home

When choosing the type of housing and finding a home, it is worth finding out about the differences between various types of housing. Contracts should be examined carefully, and it is also worth looking at different financing options and their advantages and disadvantages.

Before planning to buy somewhere to live, potential buyers should familiarize themselves with the legislation on buying property, such as the validity of the purchase offer. It is also important to establish who is responsible for the costs of renovations or for any problems discovered with the building.

• A home in Finland
  Housing finance and support, Arava loans, housing for special groups.
  
  http://www.housing.fi/?action=browse&path=7,1939
  Housing Finance and Development Centre of Finland ARA, Ministry of the Environment
• Legislation
  Acts and decrees on housing types, loans and allowances, housing companies, land use.
  
  http://www.housing.fi/?action=browse&path=7,1976
  Housing Finance and Development Centre of Finland ARA, Ministry of the Environment
• Home loans to consumers
  Information on matters that consumers need to consider when borrowing and repaying home loans.
  
  http://www.fkl.fi/www/page/fk_www_4502
  Federation of Finnish Financial Services

Housing for young people

Rents are kept reasonable in housing intended especially for young people. Student accommodation has been built for students, and is maintained by student housing corporations in different areas. Right-of-occupancy and part-ownership housing may be very suitable for the life situation of young people.

• Housing for young people
  Student housing, youth housing
  
  http://www.housing.fi/?path=7,1975,2012
  Housing Finance and Development Centre of Finland ARA, Ministry of the Environment
• Student apartments
  Information about student apartments, housing costs and application procedure.
  
  http://www.opiskelija-asunnot.fi/en/appartments/
  Finnish Student Housing Ltd.

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