What to consider when buying a home?
Current trends in the housing market
Buying a home is not only an emotional event but also a very responsible step, therefore, in addition to “likes” and “dislikes”, it is essential to take into account several other rational and practical factors that will help.
After all, each apartment/flat has its advantage and disadvantage.
FindMeHome Real Estate Department highlights that when taking such a serious step as buying a property, one should not be guided only by emotional factors, although, of course, every individual in their home should first of all feel good. When deciding to buy a home, you, first of all, acquire a relaxed homely atmosphere that will delight you for many years, so this step should be evaluated and justified.
Small apartments - for students and young couples
Throughout life, the needs of a person and his requirements for housing change. In youth, as a rule, priority is given to small apartments with low utility bills. Often the main barrier to buying your own home is the lack of down payment, so apartments are most often rented. This is used by investors who buy property in pre-war houses and break it into several small apartments ranging from 18 square meters. m and rent them to students or young people who have not yet had time to start a family.
In the short term, this is a good investment because the initial price of such real estate is usually low. But we must take into account the fact that short-term rental contributes to the premature breakdown of housing, and the demand for such apartments may decline over time,
An apartment can be bought with the idea that you or your children will live in it for some time when they grow up or want to live individually. Here it is important to understand how long this apartment will be sufficient for you, what you will do if the family grows larger or you have to work from home and you need a separate room for this. Undoubtedly, for some time you can live elsewhere and rent out this apartment, but this option will require additional funds and you need to carefully consider whether it is worth it.
Economy class apartments in new projects
One of the most popular on the market today is economy class apartments in new projects. If before the crisis, developers often built large apartments with an ill-conceived layout, now housing has become much more practical. In new projects, as a rule, apartments are offered with an area of 50 to 60 square meters, with several rooms, so that each family member has his own space.
The advantage of a new building is that for some time you will not have to invest in repairs, and the apartment will be highly valued for at least a few more years. Having decided to purchase housing in a new project, consult with a specialist and find out how well the construction work has been done and whether something will need to be changed in the coming years. Also evaluate the surrounding infrastructure, parking opportunities, and other nuances that create conditions for a comfortable life. Find out also what the legal status of the house is, such as who owns the land under the house.
Today it is not possible to build houses on land owned by third parties, although it was still allowed quite recently. Therefore, the land may belong to a certain Mr. X, with whom you will have to agree. Another nuance - the larger the house, the more difficult it is to agree with neighbors on its maintenance and service. All issues are easier to resolve in a house in which there are several dozen and not a couple of hundred apartments.
Exclusive apartments - investment
Exclusive real estate is, as a rule, large and luxury apartments in the city center. If you decide to buy such a property, you should take into account that it will not be easy to sell or rent out profitably. Such apartments are in most cases located inefficiently built or restored houses, so heating costs will be relatively low, the less you will most likely have to pay for a lot of related services - concierge, security, replacement rugs, and others. In addition, such property is heavily taxed. Buying an exclusive apartment can be considered a stable investment, and if you can afford one, then you will most likely not be intimidated by the additional costs.
Comments
Post a Comment