How not to lose with the purchase of an apartment
If you have not so much money, but you want to buy an apartment in the selected area and from a reliable developer, you can take part in the shared construction. Buying a house at the stage of excavation at a large developer, erecting not single buildings, but entire residential complexes, you have the opportunity to buy a good apartment that meets the needs of your family, 30-45% cheaper, agreeing to wait 2-3 years. Please note that it is more profitable to purchase such housing directly from the developer, and not from those co-investors who, having bought it first, then resell it.
When purchasing an apartment on these conditions, please note that only a document such as a contract of participation allows you to minimize your risks. Since the mandatory condition for the entry into force of such an agreement is its state registration, you can be sure that you are the only buyer of this apartment. Before entering into a contract,familiarize yourself with Federal Law No. 214 “On Participation in the Shared Construction of Apartment Buildings and Other Real Estate Objects” governing the relationship between the developer and shareholder.
When there is enough money to buy an apartment in an already built new house and you are not going to wait, you can buy it under a contract of sale. But before you do this, check out the master plan for the building and make sure that all the main buildings nearby have been erected. In this case, you will not have a few more years to live without transport and social infrastructure, in the context of ongoing construction in the district. And do not forget to make sure that the house is already connected to communications, i.e. commissioned.
In the general case, when there is enough money and there is a choice, both in the primary and in the secondary housing market, in order not to lose money with its purchase, one should navigate with the prices. For apartments in the primary market, for this purpose it is better to apply the costly method of assessment, and for those that the secondary market offers - a comparative one. The comparative method is justified for those cases where the area in which you intend to buy an apartment is built up with typical houses.Take an interest in the cost of the same type of apartments, using the capabilities of local Internet portals, where ads for housing sales are placed.