It is no secret that the process of finding and choosing a new home is an exciting but also very stressful experience. The most important step before seeking the services of a broker is to clarify what our specific and realistic expectations are and to subsequently stay open to different ideas.
Many clients quickly come to the conclusion that an apartment in a still unfinished apartment building is the ideal option for their needs.
Here are some advantages and disadvantages to think about when considering such a solution for yourself.
The price
One of the main arguments in favor of such a choice is undoubtedly the smaller amount of money that customers have to spend in order to become owners. Ready apartments always cost more, precisely because they have the advantage of coming into use almost immediately after the transaction is finalized.
Also, unfinished buildings usually allow for deferred payment, which is a significant convenience if you do not have the necessary funds at the moment. However, we must be aware that in the long run, the inevitable costs of repairs and furnishing can add significantly to the original price.
Personal space
This apparent inconvenience also has its pros and cons. The bad "news" is that once you become the owner, you will have to take responsibility for all the small and big decisions all by yourself. But the good news is also that you will be able to take matters into your own hands and decide for yourself what would work best for you personally. A ready-to-move-in home will almost certainly force us to either comply with the ideas of previous owners or to accept the challenge of major repairs.
The newly built apartment will give you an arena to unleash your imagination and create the home of your dreams. Also - we all know that, unfortunately, there is always the danger of mistreatment. Many times properties come with hidden issues - financial or otherwise, which the previous owners did not reveal before the transaction. The chance of such unforeseen challenges is lower for a house under construction, but this does not mean that the need to carry out all the necessary checks is automatically eliminated.
Time and planning
Buying an apartment in an unfinished complex can also be a good investment for the future. Real estate is always a sensible way to protect your assets from inflation. The time required to complete the construction project (as well as its unforeseen delays) will give you the freedom to change your plans according to possible changes in your circumstances and needs.
With this type of purchase, there is always the option to sell the finished and furnished home for a larger amount than the one you invested in it. Undoubtedly, the biggest risk associated with buying a new home under construction is related to the bankruptcy of the construction company and failure to complete the project. To avoid such a development, we advise you to trust real estate agencies with an impeccable reputation and a long list of satisfied customers.
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