Apartments and flats: the difference

On the market, residential real estate is divided into several types. At first glance, all are similar to each other, but in fact they have differences. The difference between an apartment and an apartment is particularly significant.

1. The apartment belongs to the housing stock and can be located only in buildings intended for housing.
2. Apartments are considered commercial real estate, they can be located in rebuilt buildings designed as office, hotel or commercial real estate, and in typical residential complexes.

Here the question arises: does it make sense to buy apartments as one's own home? In this article, we will try to answer this question. By the way, if you decide to quickly buy an apartment in Kyiv, we recommend contacting the best elite real estate agency THE Capital.

The difference between an apartment and an apartment from the buyer's point of view

The process of buying an apartment involves a developer and a buyer, but both parties have different goals and interests. First of all, the buyer is interested in the price and ownership rights, while the developer aims to make a profit and pass the inspection of readiness for operation of the objects as soon as possible.

See also: Power of attorney for the sale of an apartment.

Let's consider the difference between an apartment and an apartment from the buyer's point of view in order to determine the benefit of purchasing such an object.

1. The main difference and the main advantage of this type of real estate is the price. The price per square meter in apartments is 15-20% lower than the price per meter in an ordinary city apartment.
2. Another difference between apartments and apartments is that in apartments only temporary registration is possible, and the apartment becomes your full ownership. But despite the fact that apartments are commercial real estate, the owner has the same right to live in them as in an ordinary apartment.
3. As a tool for investing money and generating income, this type of real estate is more profitable and the demand for it is growing every year. Apartments are hotel-type housing, you cannot live in them for a long time. Due to this feature, apartments are often bought and then rented out.

As can be seen from all of the above, the purchase of such an object is quite profitable for the buyer.

See also: Taxes for the purchase of an apartment.

The difference between an apartment and an apartment from the developer's point of view

Apartments are a relatively new type of real estate for Ukraine. Its emergence was facilitated by legislation that requires many obligations from developers. Namely:

• build residential buildings only on land designated for this purpose with a special status;
• take into account the specific norms of the construction of residential buildings;
• to provide the residents of the new district with the necessary infrastructure.

But the main problem is that for the developer, the process of introducing and accepting an apartment building into operation, which refers to residential real estate, is much more difficult than in the case of apartments that do not have the status of residential premises. It turns out that according to the documents, the apartments will not be residential, but commercial, but such premises are practically no different from ordinary apartments.

Despite the fact that the process of accepting such buildings is easier, developers usually try to achieve the same level of comfort when arranging apartments, taking into account the high demands of buyers. When arranging apartments, the developer is obliged to ensure a sufficient level of comfort. Not because building codes and regulations require it, but simply because temporary housing without sufficient amenities simply will not find demand. Subscribe to our real estate blog updates and get the latest posts from THE Capital real estate agency.