Why does one apartment cost millions, while another can be snatched up for just a few tens of thousands? There is no need to look for a catch - the expert will find a reasoned explanation for every price. We believe that not only the realtor, but also the owner of the property, current or potential, must understand the principles of pricing. Do you agree? Then quickly move on 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 for increasing or decreasing the value of an object without changing it is an unstable market. Changing trends for this or that 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 into a millionaire and vice versa in a matter of minutes. The influence of external circumstances on internal market processes could be felt especially strongly at the beginning 2022year, when investors froze in anticipation, and prices dropped to unprecedented levels. Demand and competition can also affect the cost. In the same 2022, the most popular for purchase were one-room apartments, therefore, previously not so remarkable one-room apartments turned into market leaders and increased significantly in price.
Features of the selected location, its advantages and disadvantages
Location is one of the key factors when choosing an apartment because your convenience in everyday life depends on it. It's not just about areawhich you prefer, but also about the surroundings of the residential complex. Having supermarkets and pharmacies within walking distance is a must for one and all. Kindergartens, schools, playgrounds and sports grounds, as well as parks are especially important for young parents. Such a neighborhood will help save time on traveling to the desired place and will allow you not to worry about your kids. Raising children imposes mandatory requirements on the area such as safety and environmental friendliness. Therefore, the proximity to park areas will allow you to add a few extra notes to the price of the property, and 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 in a year you will decide to change your job 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 and metro stations near well-developed transport interchanges. The closer you are to them, the closer you are to a comfortable life, for which you will have to pay a little more. Even if the chosen location cannot boast all the amenities now, look into the future. An actively developing area can turn into the center of city life in just a few years, so a promising future is valued as highly as a prosperous present.
Characteristics of the residential complex and the place of your apartment in it
Материал здания влияет на его термоустойчивость, энергоэффективность, долговременность, а потому и на цену. Хрущевки и типовые застройки прошлого века не просто вышли из моды, но и изжили себя в плане качества. Устаревшие коммуникации требуют замены, а квартиры – ремонта. Подобные объекты стоят относительно недорого потому, что и владелец, и будущий жилец прекрасно понимают, что помимо стоимости объекта придется выложить кругленькую сумму и за его усовершенствование. Царские дома обгоняют эту категорию не только по возрасту, но и по цене. Метровые стены, высокие потолки и невероятно просторные апартаменты с изысканным ремонтом – то, за что стоит побороться с конкурентами. Что касается современных жилых комплексов, то стоимость недвижимости в них напрямую зависит от класса и дополнительных удобств, таких как закрытая территория, подземный паркинг, круглосуточная охрана, консьерж-сервис, наличие generator and its own infrastructure.
The higher, the more beautiful and better? If you can agree with the first point, then not always with the second. Apartments located on high floors are valued for their views, but buyers are still not very fond of properties on the first and last tiers of the complex. The golden mean is the best choice when it comes to number of floors.
Parameters of the apartment and its internal contents
Size does matter when it comes to real estate. But he is not alone. A competent and functional layout makes the property much more attractive. The opportunity to “play” with the space yourself will also be a plus, because people’s tastes do not always coincide. The trend in recent years has been kitchens combined with dining areas and living rooms. They are visual expand the premises and opens up more options for you to use it. Needless to say, high-quality renovations, expensive materials and famous brands can double the initial cost of any apartment. Just like illegal alterations and extensions can reduce it by exactly the same amount.
Additional paperwork
Time is money! Finding an apartment and signing an agreement with expert support from THE Capital It doesn’t take much time, so there aren’t many people willing to spend it on minor formalities and bureaucracy. An apartment put up for sale may significantly lose value for the following reasons:
- -10% → in the apartment there may be registered not only its owner, but also members of his family. Discharge of minor residents can delay the process
- -10% → the presence of several owners also complicates the purchase. It will take time for everyone to give their consent to the sale of the property
- -50% → not a bureaucratic, but no less unpleasant question – neighbors*. Quarrelsome personalities will cause headaches for the entire period of living in an apartment, so a price reduction will be a reasonable payment for the patience and endurance of future residents
* +30% to the cost you can get for “star” neighbors
Summing up
The cost of square meters is largely influenced by those factors that are responsible for human comfort:
- economic situation in the country
- location
- LCD characteristics
- apartment features
- presence of co-owners and registered
Even knowing all the components of the cost of an apartment, you are not obliged to give real estate valuation because experienced specialists will do it much faster and more accurately. In addition, an expert can compare specific apartments with similar offers on the market and recommend the right strategy to ensure that your apartment can be sold within a clearly defined time frame and at the desired price. Consultation with a professional will also help you when purchasing real estate - we will find a property that will be a worthy acquisition and profitable investment.
