Mistake #1. To rush
If you are buying an apartment in which your family will live for many years after the transaction, you can’t rush. No fuss and ill-considered decisions.
When it comes to expensive purchases, you can’t make emotional decisions.
Even if you are sure that you want to live in this new building and in this area, you should still consider other options – compare prices, layouts, infrastructure and bank conditions for mortgages in a new building. Find out details about the residential complex – the material and thickness of the walls, the deadline for the completion of the property and the cost of utilities.
Don’t panic! If the developer’s manager claims that tomorrow this apartment will go up in price and you need to agree urgently – remember that it is in his interests to conclude a deal with you as quickly as possible.
Mistake #2. Trust and don’t check
If you don’t check the developer’s reputation, you can end up with a bankrupt, a one-day company, or a long-term construction project.
The main argument in favor of the developer’s reliability is accreditation in Sberbank.
The bank carefully checks the reputation and financial reliability of developers, their documents, and calculates possible risks.
You don’t need to independently study the construction permit, the project declaration for the new building, go to the construction site, check the progress of construction and the objects that have already been commissioned. The bank has already checked everything.
You can be sure that the developer complies with Federal Law 214, which guarantees the protection of the interests and rights of buyers of apartments in a new building.
If you want to learn more about accreditation, look at the bank’s requirements for developers and the list of documents that the bank checks.
Mistake #3. Chasing a low price
Even if you are limited in budget, carefully study the characteristics of the chosen housing. In addition to the price per square meter, there are several other important parameters for comparing new buildings: the number of apartments per floor, the thickness of the walls, the safety and crime rate in the area, the availability of infrastructure, parking, etc. The price depends on this.
The better the characteristics, the more expensive the apartment and the more comfortable it will be to live in it.
For example, if there are more than 15 apartments on the floor, the price per square meter will be slightly lower. But your house will look like a dormitory: noise, queues for the elevator, renting out apartments and a constant change of tenants.
