How to buy an apartment in a new building?

Modern cities are being built up at an astonishing rate. Buildings are being built higher and faster, offices and shopping centers cover thousands of square meters. Residential property requirements are also increasing, that's why young people prefer to buy their first housing in a new building.

Is it profitable to buy an apartment in a new building?

The price per square meter in a new home grows proportionally as the facility is being built. The cost at the initial stages of work and after putting the house into operation may differ by 30-50%. The law allows developers to sell apartments on, so called, stage “pit”. but, aware of the risks involved, not many are in a hurry to buy apartments before the end of construction.

Buying housing early, no guarantee, that the house will be built according to the approved plans and that the developer will not go bankrupt. Mistrust in investing is fueled by numerous reports about scammers and long-term construction projects. Also, this option is not suitable for those, who rents housing and strives to move to their own apartment as soon as possible.

Buying an apartment in a new building without cheating: myth or reality?

Irresponsible developers and ghost firms do exist. Because of their misconduct, hundreds of thousands of people around the world were left without money and a roof over their heads.. At the same time, this is not a reason to deny yourself the purchase of apartments from the developer.

To protect yourself and minimize the risk of becoming a victim of a crime, it is necessary to take full responsibility for the registration of the sale and purchase and collect as much information as possible about the counterparty before buying. Among other activities, experts recommend:

• before signing the contract, it is necessary to collect information about the developer: duration of work in the market, number of objects handed over, the presence of lawsuits in the proceedings, financial condition, etc.;
• check the availability of all permits: land use right, availability of project documentation, licenses, etc.;
• qualified specialists, having extensive experience in the real estate market, have all the information about the developers, therefore, if the intermediary at the time of signing the contract is real estate office, the chances of being deceived are much less;
• despite significant discounts when paying the entire cost of the apartment, it's better to play it safe and pay only the required part, saving payment confirmation.

The advantages of buying an apartment in a new building

The price per square meter in the primary real estate market is lower, than on the secondary, therefore, for the same money, you can often buy a large apartment. However, the price – this is not the only advantage apartments in a new building.

1. The layout of apartments in new buildings differs significantly from “Khrushchev” or even ten-year-old apartments. Even at the stage of development of project documentation, the needs of future residents are taken into account: kitchens are often combined with living rooms, the bathroom room is made more spacious, balconies and terraces are being arranged, etc..
2. During construction, modern building materials and technologies are used, which are not only able to last much longer, but also harmless to human health.
3. In modern residential complexes, great importance is attached to the arrangement of the local area, construction of underground parking lots and playgrounds.

4. Developed infrastructure. Odessa region is an attractive location for investors due to the annual growth in the number of tourists, however, even here, developers pay a lot of attention to the presence of school and preschool educational institutions in the district, public transport stops, hospitals, etc. When working with a client, the realtor also always points out this type of advantage.

Criteria for choosing an apartment in a new building

Of companies, who carry out the construction of modern residential complexes every year there are more and more. They function as local firms in the domestic real estate market, and firms with foreign capital. However, choosing housing, you need to focus not only on the reputation of the enterprise.

When choosing an apartment, it is necessary to take into account not only the number of square meters, but also the convenience of planning. It often happens like this, that apartments with a smaller area in practice turn out to be more convenient and practical.

Regardless of whether, Odessa or Kiev, the presence of industrial facilities nearby has a huge impact on the cost of housing. It makes sense to make a request to the city council, To make sure, that in the near future no factories or factories will be erected in the surrounding area.

Buying your own home – important step, therefore, it is worth approaching the conclusion of the transaction with full responsibility, so that the acquisition does not become a disappointment.