With the advent of shared construction in Russia, the question arose: what is better – an apartment in a new building or secondary housing?
Let’s look at a few factors that will help find the answer
Price
The price of an apartment in a new building directly depends on the stage of project implementation. The closer the house is to commissioning, the higher the price tag per square meter. In turn, the cost of housing in the secondary market practically does not depend on the life of the house. That is, ceteris paribus in house A, built 10 years ago, will not differ from the cost of a similar apartment in a similar house B. As you can see, even the prices for fifty-year-old Khrushchev houses do not differ much from the cost of modern housing. However, we should not forget that the potential life of housing is not infinite. A program has already been launched in Moscow to demolish dilapidated housing (including.h. Khrushchev), on the site of which it is planned to build modern houses. But back to a comparative analysis of the cost of apartments in the primary and secondary markets. As you can see, the price per square meter in a newly commissioned house will be lower than that of housing from the secondary market. This is primarily due to the fact that 90% of apartments in new buildings are sold with a rough or pre-finishing finish, and the buyer will have to spend from 25 to 100% of the original cost of the apartment on repairs.
Buying a mortgage
Getting a mortgage loan for a “primary” is definitely more difficult than for ready-made housing. The fact is that most risks when buying a “secondary” lies in the legal plane. Checking documents by a competent realtor or lawyer can identify objects that are potentially dangerous for the bank, and therefore reduce the risk of loan default. In the housing market under construction, it is much more difficult to calculate the risks. Sometimes, the bankruptcy of a developer or the revocation of a building permit is almost impossible to predict. The above reasons lead to the fact that not all banks issue a mortgage loan for apartments in new buildings. And those that give out do it at a higher interest rate. This trend is especially evident in the example of Moscow region branches of banks. For example, if you study the list of new buildings in the Moscow region here, you can be sure that the mortgage loan rate will be 2-3 percentage points higher.
Summing up, it can be noted that despite the fact that buying an apartment bears a certain risk, the interest of Russians in modern housing from time -tested developers continues to grow.
