Many believe that apartments in the secondary real estate market are cheaper than housing in new buildings. At first glance, it may seem that this opinion is quite justified, but in fact it is not. The thing is that in this case it is impossible to simply compare prices. It is also necessary to take into account the depreciation of the property, wear of the communication lines, etc. D. In addition, if you buy housing in a new building, then for this you can take a loan secured by real estate, and thus the amount of interest rate on the loan will be quite low, therefore, the cost of housing will become lower. Getting such an opportunity when buying an apartment in the secondary market is almost unrealistic. Consider what other factors can affect a decrease in the cost of housing in a new building.
Buying an apartment at the stage of building a house
You probably know that the apartment can be purchased at the stage of building a house. Moreover, as the walls are elevated, the price of square meters increases. That is, if you decide to buy an apartment at a time when the construction is still at the stage of arranging a pit, then the cost of your future housing will be minimal. At the same time, the price of one square meter in this case will be lower than in the apartment in the secondary market. But not every person will decide to invest his money in a house under construction. There are many examples when construction turned into a long -term construction. Here it is necessary to pay attention to one circumstance. The money invested in the housing under construction can be insured, in this case, your investments will be protected from the negative development of the situation.
Reduction in the interest rate on a mortgage
If you decide to purchase housing for a mortgage, then in this case you can save by reducing the interest rate. This is quite real, the main thing is to know how the mortgage lending system works. So, in order to reduce the size of the interest rate, it is necessary to prove to the bank that you are a trustworthy client. For example, as evidence of your reliability, you can leave the bank as a collateral purchased object of real estate. Or you can take part in any mortgage lending program. An example of such a program is the “young family”.
The material was created with the support of the experts of the NDV-Real Estate portal ().
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