In recent years, the cost of apartments in the primary real estate market has reached record low values. Although apartments can be really inexpensive, you will probably not decline an opportunity to save even more money!
Experts offer 5 effective ways to save on buying an apartment in a new building.
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1. Buy housing at the initial stage of construction
During the construction period, the apartment in the new building will rise in price by 20-30%, so the first buyers, who are ready to wait for 1,5-3 years, can save considerable sums of money.
The projects that are implemented at the expense of the developer’s own funds or financed by a large bank are considered to be more reliable.
2. Use permanent bonuses
Today discounts are a must have for any project.
Most developers will offer 3-5% discount for a one-time full payment. If you lack 5-15% to pay the whole cost of the apartment, a loan is a good idea.
Developers also provide personal discounts: while buying several apartments, you can get a discount of up to 10%!
3. Go for holiday and seasonal discounts
The obligatory program of almost every project is a holiday and seasonal discounts whose amount can reach 20%. As a rule, this happens in January, May, August, on the eve of the New Year and during the Christmas holidays.
4. Get gifts from developers
Among the gifts can be free repairs, finishing for a nominal fee, certificates for the purchase of furniture, materials for repairs or a holiday package tour. In the segments of business and elite class, gifts can be more substantial and expensive!
5. Pay attention to unpopular apartments
Unpopular apartments are those on the second floors, with non-residential premises underneath. The price of such real estate is 3-5% lower compared to the apartments located on the middle levels of the house.
The difference in value with specific apartments reaches 10-15% in the mass segment and up to 20-30% in elite and business class houses! Housing with a less successful layout, views from the window or located in the corner section of the house can also be sold with discounts of up to 10%!