Looking for a flat to buy, often one of the first questions we ask ourselves is whether to buy a flat from the secondary market or maybe a new one. What advantages does an apartment on the secondary market have, and what disadvantages?
Land is land
Speaking about the advantages of apartments from the secondary market, you can not ignore the location. Apartments from the secondary market are located in estates that already have fully developed infrastructure. Nearby are schools, kindergartens, playgrounds, shops, and well-developed communication.
The main advantage of flats from the secondary market is also the location of the blocks. Blocks that were built much earlier are at a greater distance from each other. New buildings are often built very close. This location of buildings makes it impossible to make large playgrounds for children or squares with greenery. But you can see exactly what the neighbor has in the apartment.
Check also the pros and cons of new apartments from the secondary market.
Currently built apartments have much larger rooms. An apartment from the secondary market on 60 m 2 will have 3 or 4 rooms. The flat from the developer, in the same area, will have 2 rooms. Is this a disadvantage or an advantage?
A family with two children will prefer more rooms, even small ones. In this situation, it is an advantage. For a single 4 blocks will be only a burden.
A few words about the price of housing from the secondary market
Taking a loan for an apartment from the secondary market, we can count on a lower price than when buying an apartment from the developer. Why? Apartments from the secondary market are years old. Applying for a mortgage is a very serious argument. However, we must remember that an apartment from the secondary market often requires a comprehensive renovation, which is also associated with high costs. It is worth checking whether the mortgage can cover this burden.
If you want to take a mortgage in a bank, you need to be prepared for it. First, have the right amount for your own contribution, more information on this topic can be found here. In addition, you must have credit standing to be able to repay your commitment. In this case, the online credit calculator will be great to help you calculate your financial possibilities quickly and easily.