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This year, on the real estate market, you can choose new construction and secondary housing at reasonable prices. The increase in cost is blocked by a decrease in demand, which depends on a decrease in the standard of living of the population. The transition to project financing of the construction industry, which is expected in the near future, will lead to the withdrawal of some developers from the market. Analysts assume that the remaining large companies will raise prices for residential premises. This situation makes sense buy an apartment in Irpen, as it will become more expensive in the future. Before making a decision to take out a mortgage loan, you need to carefully review your financial situation and find out what interest rates are offered by banks.
How to buy an apartment in Irpen profitably
What needs to be analyzed:
– monthly earnings and expenses of the family;
– the amount of the required amount;
- the possible term of the final repayment of the loan.
Taking into account the offered bank interest, you can roughly calculate the payment per month. Having compared the total sum of all family incomes and the size of payments, you can make a reasonable decision in favor of a mortgage loan or abandon this idea for a while or completely. Perhaps, in the future, an increase in salary, or the receipt of additional part-time work is expected. In any case, it is necessary to understand whether the funds remaining after paying the monthly interest will be enough for life.
Positive sides of the mortgage:
- having the sum of the first installment in hand, it is possible to become the owner of an apartment or country house in a short period of time. It takes one to two months to issue a mortgage. If the room in the old fund is in normal condition, or in the new building the finish was made by the developer himself, you can move in and live. It is not necessary to save money for a new home for several years;
- if age and social status allow, you need to become a participant in one of the youth state programs and receive a subsidy for the purchase of real estate. The presence of children gives an opportunity to invest funds from the mother's capital. Both amounts will help repay part of the loan;
- when buying a single home, it is recommended to receive a tax deduction of 13% of the value of the object;
- in the event of unforeseen circumstances, for example, loss of work, illness, it is possible to agree with the bank on a temporary reduction of permanent payments. With minimum regular amounts, the loan repayment period can extend up to 30 years.
Profitability of the mortgage
Today, the economic situation in the country is quite stable. It is possible to take a mortgage with a rate of 9-11%. Low-interest loans are provided for families with many children. As a down payment, you can give your existing housing. The cost of the loan will be determined after settlement. The purchased apartment is rented out, and mortgage payments are paid from this amount. Buying real estate at the pit level gives an opportunity to buy an apartment much cheaper than the cost of ready-made housing. The price of a finished apartment in a new building will be significantly higher after the completion of construction.
Currently, there are quite favorable conditions on the market for buying an apartment with credit funds. Once you own real estate, you can use it to pay off the mortgage and even get additional profit.
