Where is it better to buy an apartment: in a new building or on the secondary market?

When choosing whether it is better to buy an apartment in a new building or on the secondary market, try to soberly evaluate the advantages and disadvantages of this or that object.

A completely new apartment with a clean history without prohibitions and encumbrances is the first and main factor in favor of a new building. The pluses can also include:

1. The maximum comfort of living in the apartment — the developers use modern technologies, high-quality insulation and decoration materials.
2. Availability of autonomous heating systems - you can easily adjust the temperature, do not waste energy and save on utility bills.
3. High-quality communications and equipment, modern high-speed elevators.
4. Landscaping — all new residential complexes assume the presence of an improved residential area, children's playgrounds, developed infrastructure. By the way, if you decide buy an apartment in Kiev, we recommend contacting the best elite real estate agency THE Capital..

The popularity of new buildings is due to low prices, a modern appearance, and good living conditions. If you decide to buy an apartment in a new building, and not on the secondary market, it will be more profitable to make a purchase at the excavation stage. So you can count on the lowest price, as well as make adjustments to the layout of the premises to your liking without much paperwork. But when you buy an apartment in a new building, it is possible that you will encounter a number of limitations and disadvantages. Unfortunately, new buildings have a number of disadvantages:

• delaying the moment of moving;
• rather complicated process of registration of ownership;
• possible problems with the transport interchange;
• only the infrastructure being created;
• interruptions in the work of engineering communications immediately after the commissioning of the facility.

Professional real estate experts and lawyers will help you avoid possible risks when buying an apartment.

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

What is better, an apartment in a new building or on the secondary market?

Most buyers have a negative attitude to the secondary real estate market. It is considered that it is dangerous to buy an apartment that is already someone's property. This opinion is not unfounded, and two important aspects should be noted here:

1. Heirs may appear in the apartment, and to prove their rights to the apartment, the buyer will have to go to court.
2. The housing itself may turn out to be unsuitable for living.

See also: Taxes for the purchase of an apartment.

Pitfalls can always be expected from a secondary property that has had multiple owners. But, at the same time, one cannot fail to note the obvious advantages of secondary housing:

• the opportunity to view the finished housing in advance, assess the condition of the entrance and the house as a whole, get to know the neighbors;
• rich infrastructure;
• the possibility of settling in soon after payment.

The disadvantages of buying an apartment on the secondary market include the need for repairs, wear and tear of engineering networks, outdated layouts, unattractive entrances, and "different-haired" neighbors. And one of the most important problems with secondary real estate is that you cannot be 100% sure of the legal purity of the transaction. Therefore, choosing real estate on the secondary market should be approached very carefully. Subscribe to our real estate blog updates and get the latest posts from THE Capital real estate agency.