10 recommendations on how to profitably buy an apartment in Kyiv through an agency in 2023

Buy an apartment in Kiev in 2023 is a challenge facing many future homeowners. At the same time, the main question is how to do it profitably and without unnecessary risks, especially when contacting a real estate agency. The real estate market is constantly changing, and the methods that worked a year or two ago may not bring the expected results. Especially for you, we have prepared 10 relevant recommendations that will help optimize the purchase process and ensure that your investment will be as justified as possible. But let's start with what is better not to do when buying real estate in Kyiv in order to stay in a favorable position.

Each of these recommendations has its own hidden risks and peculiarities. Let's consider why following them can be dangerous:

1. Ask for and use discounts: While discounts may seem attractive, some sellers may intentionally inflate initial prices and then offer discounts. This can create the illusion of a good purchase, although in reality the price remains standard or even inflated.

2. Don't be afraid to look for an alternative: Looking for alternatives is good, but there is a risk of missing out on the best deals by procrastinating or moving from one property to another.

3. Pay attention to the season: While prices may fluctuate depending on the season, seasonal sales can attract many shoppers, increasing competition and reducing the chances of better deals.

4. Buy housing in the early stages of construction: It can indeed be advantageous in terms of price, but there is also the risk that construction may be delayed, the construction company may go bankrupt, or the quality of the work performed may not be up to par. levels

5. Use preferential mortgages: Some preferential mortgage programs may have hidden terms or high early repayment penalties.

6. Take part in the auction: Trading can be stressful and can also require quick decisions without proper analysis. There is a possibility of overpayment due to emotions or insufficient information.

7. Buy a furnished apartment: Although it may seem convenient, the finish may be made of cheap or poor quality materials. In addition, the price for finished decoration, as a rule, is included in the price of the apartment and may be overestimated.

When following these recommendations, it is important to be cautious and always consider each situation individually. It is necessary to carry out a thorough analysis and possibly involve experts for consultations.

10 recommendations on how to profitably buy an apartment in Kyiv through an agency

When buying an apartment in Kyiv through a real estate agency, it is important to know some basic recommendations so that the transaction is profitable and safe. Here are 10 recommendations for a successful purchase:

1. Research the market: Before starting your search, study the current prices for real estate in different districts of Kyiv. This will help you understand which offers are really good.

2. Choose a verified agency: Work only with reputable agencies that have positive reviews and recommendations from previous clients.

3. Determine your priorities: Determine in advance what is important to you: area, floor, layout, availability of an elevator, infrastructure, etc.

4. Be prepared to trade: In most cases, the price of the apartment is indicated with a small margin for bargaining. Don't be afraid to offer your price.

5. Check the legal purity of the object: A professional agency should provide you with all information about the title, possible encumbrances or mortgages on the apartment.

6. Inspect the object at different times of the day: This will allow you to assess the level of noise, lighting and other parameters that may affect your comfort.

7. Ask for full price: Clarify what additional costs (e.g. agency services, taxes, fees) you will have to pay in addition to the price of the apartment.

8. Work with an independent expert: Despite the fact that the agency can offer its services for the assessment of the apartment, sometimes it is useful to involve an independent expert for an objective assessment.

9. Take your time: Don't buy the first apartment you like. It is better to consider several options to make an informed choice.

10. Draw up a contract: When concluding the agreement, make sure that all details (price, terms of payment, terms of transfer of property, etc.) are clearly spelled out in the contract of sale.

By following these recommendations, you will be able to minimize risks and make a profitable purchase of an apartment in Kyiv.

How is it more profitable to buy an apartment: with a mortgage or on payments

A number of factors should be taken into account when buying an apartment for a mortgage or for payments. The answer to this question depends on the specific terms of the offers, your financial situation and preferences. Let's consider the advantages and disadvantages of each option:

Mortgage:

Advantages:

1. Accessibility: Most banks offer mortgage programs that allow you to choose the most suitable conditions.
2. Possibility of buying secondary housing: A mortgage, as a rule, allows you to purchase both a new building and an apartment on the secondary market.
3. Early repayment: Many mortgage programs provide for the possibility of early repayment of the loan.

Disadvantages:

1. Interest rate: Depends on the bank, but most often higher than with installments.
2. Страхування: Some banks require home insurance for the loan period, which increases the total cost of the loan.
3. Additional commissions: Some banks may charge fees for servicing a mortgage account or issuing a loan.

Installment:

Advantages:

1. Without interest: Often, installments are provided by the developer without interest.
2. Ease of design: Installments, as a rule, do not require such a large package of documents as a mortgage.
3. No additional fees: Builders usually do not charge additional commissions or insurance.

Disadvantages:

1. Limited time: Installments are usually granted for a shorter term compared to a mortgage.
2. Only for new buildings: Installments are available only when buying an apartment in a new building from the developer.
3. Overpayment: If the developer offers installments with interest, they may be higher than mortgage rates in banks.

Depending on your financial situation, how long you plan to own the apartment, and current market conditions, one option may be more beneficial than the other. It is advisable to consult with a financial advisor or real estate professional before making a decision.