An apartment is a place that occupies a large place in the life of all of us and determines many aspects of daily life. That is why its purchase is a very responsible step that requires a lot of thought so that you do not regret the decision made. Before you make a choice and decide to buy it, you should consider all possible options in order to choose the ideal housing for you. At this time, you have questions - which apartment is better to buy? - In an old built project, which you already know has been standing for years, or in an ongoing project, the construction of which has just started? You will get answers to these questions in this blog.

Increasing demand - increasing price

The price of real estate is increasing in most cases, so it is considered the best capital. When choosing an apartment, the buyer takes into account a number of factors, the decisive factor of which is probably always the price. The value of real estate is regulated by its area, prestigious and convenient location, quality and other factors. The initial phase of construction is considered to be the best time to purchase investment real estate, as real estate prices are relatively low at this time. Along with the change of project stages, the price also increases.

• After the completion of 20% of the sales and/or construction process of the total number of apartments in the building, the price increases by 7%;
• 50% sale/10% during construction;
• and 15% when selling/building 80%.
  
  

Awareness and publicity

When buying an apartment in a project under construction, you can find all the information about the company's history and experience. A development company that is confident in the quality of its work will make every effort to be visible and fully transparent. An interested person can easily find information about the company, the more publications about the company, the more reliable the construction company is.

Common standardization

For the construction of residential buildings, according to the standard approved by the legislation, the construction companies were assigned a number of obligations, which must be observed when obtaining the construction permit for the project. When drawing up the project, a thorough study of the place is carried out, geological and geodetic studies are carried out. In addition, the city's design service has established a height coefficient, according to which it is determined, in a specific area, the maximum number of floors of a building that is recommended to be built.

Exploitation

Buildings are divided into 3 categories according to the duration of operation:

• Category I - these are temporary buildings and their maximum warranty period of operation is 20 years;
• Category II - there are buildings up to 5 floors. Their service life is 20-40 years;
• Category III - includes nine-story buildings and higher, and their warranty period of operation is 100 or in some cases more years.

The service life of new buildings is more than 100 years. The mentioned factor mainly depends on the quality of construction and repair materials used in the construction process, which, along with other important details, is determined by the standard, the observance of which is mandatory to obtain a construction permit.

Documentation

In the current project of purchasing an apartment, you have the main communication with the company and not with the individual. Accordingly, you have every opportunity to fully familiarize yourself with the company, its history, project documentation and purchase agreement. Pay attention to the following points:

• Project documentation;
• Building permission;
• Public registry record about the land plot;
• Prior and Single Purchase Agreements.

Construction process control

You have the opportunity to follow the construction process from the beginning of earthworks to its complete handover, and you can also request all the necessary information regarding construction and repair materials, which will help you to be sure of the reliability of the company and the construction.