Most Russians have a desire to have a separate apartment. The real estate market in any region of our country offers two options: housing in new houses or new buildings and apartments in the old fund or secondary housing. The choice of real estate depends on many factors, and each buyer himself determines for himself the most important aspects when buying housing.
You can buy an apartment in several ways:
Due to the accumulated own funds. Unfortunately, this method is not suitable for many Russians. The level of their income does not allow you to accumulate many years to the apartment due to increasing inflation and annual rise in the cost of real estate.
In installments. This method is a rather rare phenomenon when buying secondary housing. And it can be considered only if the calculations are carried out between relatives. This option still provides a small time period for the full calculation for the purchase of housing.
Borrowed funds. It can be consumer loans or mortgage loans. But all of them are issued by banking institutions for a certain period and at the percentage. And the basic conditions of any bank when applying for a loan – the buyer has an initial contribution in the amount of 10% of the full cost of the apartment and the security deposit – the acquired real estate.
State programs. There are many programs supported and funded by the state. This is maternity capital, subsidies preferential category of citizens, housing certificates for military personnel, young and large families and other beneficiaries. But most of them are still designed to participate in the purchase of housing in a limited amount. Such programs allow you to have the initial contribution for the design of a mortgage loan or significantly increase the amount of available savings for the purchase of housing.
Every person has the choice of purchase options. Properly planned family income and competent calculation of their capabilities will allow you to purchase real estate without significant material losses.