If you are planning to buy your first property there is a few things you should pay attention to.
New home from a developer or resale?
Buying property step by step is not an easy thing to do. In fact, it is quite a complicated project in which we have to coordinate the activities of many institutions, such as a bank, a developer or renovation and removal companies.
We have many possibilities to choose from. The desired four corners can be found on both the primary and secondary market. There is no single, good answer to the question which solution will be better and simpler.
Buying a new apartment is connected to the risk of the developer’s collapse or receiving a property that does not meet the initial design assumptions. When paying for a home in a developer’s state, we usually sign a contract at the stage when we can see at most a hole in the ground. How can we buy a property that meets our expectations if we cannot even see it?
In the case of the secondary market, we have to deal with the previous owner, who may cause problems. The condition of the property will also not always be the first freshness. Especially old houses, although they are located in an attractive location and have an affordable price, may require constant renovations and repairs.
Not many people have enough cash to afford such an expense right away. Most often we have to make a commitment in the bank in the form of a mortgage. You have to choose the right property – take into account its location, state of finish, area. A property in a developer state requires from us additional funds for its finishing and furnishing.
Before we decide to buy an apartment, it is good to analyze the current situation on the real estate market, choose the right moment and the contractor itself.