Why is one apartment worth millions, and another can be snapped up for only a few tens of thousands? You should not look for a cover - at any price, the expert will find a reasoned explanation. We believe that not only a realtor, but also an actual or potential real estate owner should understand the principles of pricing. Do you agree? Then quickly go to the first section.
TOP factors on which the cost of square meters depends
The state of the real estate market and its current trends
The most objective factor of increasing or decreasing the value of the object without its changes is the unstable market. Changing trends for one or another repair, seasonal fluctuations in demand, the economic situation in the country and other aspects beyond your control allow you to turn from the owner of a mediocre house to a millionaire and vice versa in a matter of minutes. A particularly strong influence of external circumstances on the internal processes of the market could be felt at the beginning. >2022, when investors froze in anticipation, and prices fell to unprecedented levels. Demand and competition can also affect the price. In the same 2022, they were most popular one-room apartments, that's why previously not so remarkable singles turned into market leaders and significantly increased in price.
Features of the chosen location, its advantages and disadvantages
Location is one of the key factors when choosing an apartment because it depends on your convenience in everyday life. It's not just about that one area, which you prefer and about the surroundings of the residential complex. Having supermarkets and pharmacies within walking distance is a must for everyone. Kindergartens, schools, playgrounds and sports grounds, as well as parks are especially important for young parents. Such a neighborhood will help save time on the way to the right place and will allow you not to worry about your children. Raising children imposes mandatory requirements on the district, such as safety and environmental friendliness. Therefore, the neighborhood with park areas will allow you to add a few extra bills to the price of the object, and the industrial areas near the house will be an additional reason for buyers to bargain. The aesthetic component - the views from the windows - also depends on the surroundings of the residential complex.
The job may change, but the house remains the same - Choosing real estate near the office is not always wise. Perhaps after a year you will decide to change your place of work and find yourself in a trap from which you will have to get out with the help of several transfers. First of all, pay attention to the distance to public transport stops, metro stations near well-developed transport interchanges. The closer to them - the closer to a comfortable life, for which you will have to pay a little more. Even if the currently chosen location cannot boast of all the amenities, look into the future. Actively developing in a few years, it can turn into a center of urban life, so a promising future is valued as highly as a prosperous present.
Characteristics of the residential complex and the location of your apartment in it
The material of the building affects heat resistance, energy efficiency, durability, and therefore the price. Khrushchevs and typical buildings of the last century have not just gone out of fashion, but have matured in terms of quality. Outdated communications require replacement, and apartments require replacement. repair Such objects are relatively inexpensive, because both the owner and the future resident understand very well that, in addition to the cost of the object, they will have to pay a considerable sum for its improvement. Royal houses overtake this category not only in terms of age, but also in terms of price. Метроbare walls, high ceilings and incredibly spacious apartments with exquisite renovations - something worth fighting for with the competition. As for modern residential complexes, the cost of real estate in them directly depends on the class and additional amenities, such as a closed area, underground parking, 24-hour security, concierge service, availability generator and own infrastructure.
The higher, the more beautiful and better? If you can agree with the first point, then with the second - not always. Apartments located on high floors are valued for their views, but buyers still do not appreciate objects on the first and last floors of the complex. The golden mean is the best choice when it comes to layering.
The parameters of the apartment and its interior
Size does matter when it comes to real estate. But he is not alone. Competent and functional planning makes the object much more attractive. The ability to "play" with the space independently will also be a plus, because people's preferences do not always coincide. Kitchens combined with dining areas and living rooms have become a trend in recent years. They visually expand the room and open it up to you visually. more uses. High-quality repairs, expensive materials and well-known brands can double the original cost of any apartment. As well as illegal redevelopments and additions can reduce it by exactly the same amount.
Additional paperwork
Time is money! Apartment search and contract signing with expert support from T.H.E. Capital it does not take much time, so it is not so much to spend it on secondary formalities and bureaucracy. An apartment put up for sale can significantly lose its price for the following reasons:
- -10%→ not only its owner, but also his family members can be registered in the apartment. Discharge of minor residents can delay the process
- -10%→ the presence of several owners also complicates the purchase. It takes time for everyone to agree to the sale of the object
- -50%→ not bureaucratic, but no less unpleasant issue - neighbors*. Warts will provide a headache for the entire period of living in the apartment, so a price reduction will be a reasonable payment for the patience and endurance of future residents
* You can get +30% to the cost for "star" neighbors
Let's sum up
The cost of square meters is largely influenced by the factors responsible for human comfort:
- economic situation in the country
- Location
- LCD characteristics
- features of the apartment
- presence of co-owners and registrants
Even if you know all the components of the apartment's value, you are not obliged to evaluate the property yourself. because experienced specialists will do it much faster and more accurately. In addition, the expert can compare specific apartments with similar offers on the market and advise on the right strategy to sell your apartment in a clearly stipulated time and at the desired price. Consultation with a professional will also help you when buying real estate. we will find an object that will become a worthy acquisition and a profitable investment.
