HOW TO BUY AN APARTMENT IN SOFIYIVSKA OR PETROPAVLIVSKA BORSHCHAHIVKA IN A NEW BUILDING AND SELL AT A PROFIT

16.04.2020

Sofiyivska and Petropavlivska Borshchahivka are promising suburbs of Kyiv, which look more and more like full-fledged districts of the capital every year. It is becoming more and more profitable to invest in housing in these settlements. Buying an apartment in Sofiyivska or Petropavlivska Borshchahivka in a new building for resale - one of the most profitable options. We’ll tell you how to choose the right apartment, how to actually resell it and what are the possible risks.

Liquidity of the object is the main characteristic that contributes to successful resale. The higher it is, the better the chances of a quick and most profitable resale. Residential complexes with a closed area, developed infrastructure and transport interchange, built by a reliable developer possess high liquidity. The apartment here ideally has a modern layout with the possibility of “painless” apartment alteration (for example, to make a spacious kitchen-dining room). One-room apartments with an area of ​​40–45 m2 and two-room apartments with an area of ​​60–75 m2 are considered to be the most liquid.

Potential profits depend on the stage the home is purchased. The ideal option is to buy it at the initial stage of construction. According to experts, the difference between buying an apartment at the stage of excavation and resale of ready-made housing after the commissioning of the house can be 30-50% (depending on a number of factors). The increase in this difference is influenced by the general tendency of rising house prices from year to year.

Investing in buying an apartment is a risky business. Last year's events taught that even reputable companies can "freeze". Currently, there are no mechanisms to ensure that the money invested is converted into square meters. Keep this in mind. To check the developer, sit on the forums, read the reviews of people who have worked with a particular developer, check the absence of long-term construction, litigation. At the developer's office, be sure to check the necessary documentation that gives the right to build the facility and the right to own or use the land.

Buying an apartment in Sofiyivska and Petropavlivska Borshchahivka in a new building is an ideal solution for investing. But remember: try not only to maximize profits, but also to minimize risks