The traditional housing problem sooner or later confronts every person. Today, having an average wage, accumulating on your own housing is almost unrealistic.
What to do? “Take mortgages!” - bank “heralds” shout cheerfully, which makes it even sadder. It is unlikely that anyone will be pleased with the prospect of spending the next 15-20 years in financial slavery.
Why is a mortgage bad?
Pay attention to such nuances:
- The cost of the loan. A very large percentage will have to give the bank. Often it exceeds the cost of the apartment itself.
- The purchased housing will be pledged by the bank, from which a lot of restrictions follow: redevelopment, registration, sale.
- A number of additional services (insurance, valuation, etc.) significantly increase the amount of the loan.
- At least 15% must be paid immediately as a down payment.
- Acquisition of chronic stress for the next several decades. He lost his job - did not pay a fee - they took the apartment. This frightening chain of events will interfere with a good night's sleep for a long time.
How to be? Where to get money for an apartment? And is it possible to purchase housing without a mortgage?
Additional income
To buy an apartment without resorting to a mortgage, or in a pinch take a mortgage, but pay it not at the expense of the main income, you need to find other sources of financial resources. How to earn money?
There are quite a few ways to earn extra money. Many people have been using them for a long time and successfully. Below are some of them.
Earn money on the Internet. it accessible to any person. For example, you can create your own website and allocate part of your free time for its development and promotion. When the resource is sufficiently promoted, it will remain to regularly post ads on it. In a couple of years, such activity will begin to generate income comparable to the average salary in the country, and sometimes more.
Also on a personal Internet site you can sell links, engage in affiliate programs, offer information products. In extreme cases, it is possible to sell a working site. It costs good money. It is enough for a down payment on a mortgage.
Therefore, create sites for sale, promote, promote them and sell. Great extra income. Next, take a loan (mortgage or consumer) and pay it at the expense of your income from a web resource. Everything is fair, and the family budget does not suffer.
The next option to make money on an apartment is even easier. Buy a home with a loan. Populate the tenants. BUT rental payments direct on debt repayment. In 10 years, your housing will be. Slow? But the salary is intact and the loan is repaid.
Of course, there are risks: tenants can ruin their property or not get along with their neighbors, or even completely disappear, leaving debts. Therefore, it would be wise to conclude a lease agreement with them.
A fun and exciting, but unlikely option - winning the lottery. Lottery a lot, tickets are inexpensive. Play, and good luck will be with you.
Life annuity contract
You can find a lonely old man who needs care and care and has no heirs. An annuity contract must be concluded with him. In this case, you do not have to look for where to get money for an apartment. She will be yours after the death of the ward (sadly, of course, but such is life). All rental conditions must be specified in the contract. For competent preparation of the document, it is better to contact a lawyer. This will give a guarantee to both you and the elderly person.
As a result of rent registration:
- The apartment becomes your property. In the event of a sudden death, the right of ownership will be deemed formalized.
- The contract will accurately describe all your responsibilities. This may be financial content in the form of cash payments, the purchase of food, clothing, medicine, utility bills.
- The contract may stipulate the need for caring for the old man, the provision of funeral services in case of death.
Keep in mind that if your ward is dissatisfied with the quality of the agreed services, he may terminate the contract. In this case, you will not get the apartment. This option without a mortgage to buy an apartment will help a single woman or a young family. The ideal option is to live with your grandparents and live as a family.
How to buy an apartment without a mortgage and a loan
You can try to do it yourself. Some people prefer not to borrow money at all. Is it possible to save up for an apartment without a mortgage?
Patience, self-organization and smart saving will help here. The best option is to live with relatives. If not possible, then rent cheap housing away from the center, for example, a room in a communal apartment.
You will have to forget about the car: insurance, gasoline, repairs do not "rhyme" in any way with savings. You need to ride on public transport and walk more. Again, health benefits.
Postpone the purchase of expensive clothing. You will try on a beautiful coat while looking in a new mirror in a new apartment. And to go to work in the subway or on the bus is much more convenient in a jacket and jeans.
No need to buy furniture. It is not known whether it is suitable for your new apartment. Curtains, tablecloths and other cozy little things, even if you really like cute flowers on the curtains, do not buy. All this will soon go out of fashion, then you will come across something more beautiful.
Gifts to friends and relatives. Recall the old adage: the best gift is one that is made by oneself. Engage in creativity, the good of ideas the Internet gives a great many. You will see how your loved ones will be delighted with an exclusive homemade gift.
You shouldn’t save on food, otherwise you won’t live up to the moment you purchase a new home. Red caviar and blue cheese will certainly wait. But the quality of essential products should not suffer.
With restaurants, too, have to wait. We celebrate at home, prepare simple and tasty dishes from the available products. Cooking is interesting! Also consider taking snacks to work with you. Firstly, the savings. And secondly, all the same health benefits!
Look for a side job. Do not give up overtime. Take work to home. And who is easy now? Buying an apartment without a mortgage is a worthwhile goal.
What else remains? Relaxation! You need to rest! You won’t be able to work. To the cottage to parents or friends. Fishing is cheap and cheerful (but it’s good, in the morning on a river with a fishing rod, silence around ... Well, him, the sea is).
The answer to the question looks something like this: how to save money for an apartment.
And, yes, comrades, keep the money in a savings bank and better in dollars or euros. Inflation, interest, again, put away - take a closer look. So, you see, after 10 years, a penny will accumulate to a penny. In the meantime, dream! Where will your apartment be located, how it looks and how much happiness will bring you!
Use of maternity capital
If a second baby appears in the family, the state will allocate good financial assistance - maternity capital. It can be used for limited needs. Buying an apartment is one of them. And this is its most worthy application.
The use of maternity capital to purchase an apartment without a mortgage can be done in several ways:
- Participation in shared construction.
- Bank transfer for an apartment or room.
- The structure of the living room.
- Improving existing housing.
But you need to keep in mind: immediately money is provided only for mortgages.Without it, you can pick up maternity capital only 3 years after the birth of the baby.
Acquisition of housing in a new building
How to buy an apartment in a new building without a mortgage? Buy it in installments from the developer. It is possible to purchase housing that is still under construction, the cheaper the construction is at an earlier stage. This method can be used by someone who already has the necessary funds to pay for part of the housing and is solvent enough to fully repurchase during the construction period.
Unlike mortgages, installment payments will be shorter, which means that the percentage will be less. You can borrow money from relatives and friends for a down payment or get a consumer loan from a bank if you can pay two loans at once. The option of buying an apartment by installments without a mortgage is suitable for people who do not have registration or receive a “gray” salary.
Housing Savings Cooperative
ZhNK will help to answer the question: how to buy an apartment without a mortgage. This option will be a great alternative to mortgage bondage.
Any adult with a passport can become a member of such a cooperative. You must make a certain entrance fee, and then regularly replenish the cashier with payments and membership fees. The initial payment is usually 15,000 p. Membership fees from 3 to 7%. Thus, you will save money on your future housing.
After collecting the necessary amount, you can buy an apartment and register in it. But it still belongs to the cooperative. The remaining money continues to be paid to the cashier. After the full repayment of debt, housing passes into your property.
Housing construction cooperative (ZhSK)
Another way to save money without a mortgage is to enroll in a housing cooperative. Construction cooperatives work on the principle of building materials, but they are created only for the construction of a new house or participate in other construction.
Housing cooperatives have many advantages:
- Significant cost savings (up to 50% on average).
- The cooperative members are equal in rights and can control the investment.
- Any questions are decided by all members of the association, which means that you always have the opportunity to influence the decisions made.
- Minimum documents for registration (passport, contract) and no need to have a guarantor.
- The ability to finance the construction in parts, and if necessary, freeze the construction process until the necessary funds are accumulated.
- The choice of architectural projects. Members of the cooperative themselves choose the footage of apartments and their layout.
Of course, there are pitfalls. The main disadvantage is low legal protection:
- Construction may not be completed for various reasons: there are not enough funds, all permits are not received, etc.
- Inflation and rising prices for materials and services.
- The deadline for the completion of the facility can be delayed and carried forward indefinitely. The cooperative does not bear any penalties for violation of the deadlines for delivery of the house.
- The members of the monitoring commissions can be wonderful and honest people, but at the same time not have sufficient competence on fundamentally important issues.
- The starting price will probably be very different from the price after the construction is completed. It is impossible to fix the cost of an apartment, so the amount of payments can increase, and significantly.
Apartment in Moscow without overpayment
Consider several ways to buy a home in Moscow and how to make a purchase cheaper:
- Buying a home under construction. The price will be less by about 40%. There is a risk of falling to an unscrupulous developer, so you need to choose it especially carefully. It happens that the construction is delayed. Mostly, people wait for the delivery of such housing for about 5 years.
- You can reduce the price if you look for options with less demand: the first, second or last floor, next to the non-residential part of the house, next to the elevator shaft, without a loggia. Such housing will be cheaper by about 15%.
- Significantly reduces the cost of the apartment is the fact of remoteness from the metro, the absence of a number of important infrastructure. Such options cost less. But the city is constantly being built and, quite likely, in five years a new branch will be opened in this place, a school, a kindergarten, and a clinic will be built.
- Choose an apartment without extra meters. One or three bedroom apartment of 60 square meters. m will be much cheaper.
How to buy an apartment in Moscow without a mortgage? The methods are the same:
- Consumer loan to pay the down payment.
- If possible, use maternity capital.
- Apartment by installments from the builder.
- Housing funded or building cooperatives.
Buy an apartment without a mortgage - step by step instructions
The acquisition of housing is a serious thing. Everything needs to be carefully considered and prepared:
- Choose the right option without hurry.
- Make sure the apartment is clean from the legal side. If you notice a frequent change of ownership, it is better to refuse such a purchase.
- Check out the home book. All tenants must be discharged.
- Before signing the contract of sale, carefully read it! Everything should be drawn up correctly: price, payment method, terms, description, passport data.
- Gather the necessary documents and submit them to Rosreestr for registration. Check for an acceptance certificate.
- To calculate, use the bank cell. The seller will receive money only after re-registration. Or open a bank account to transfer.
- After completing these steps, documents are issued indicating the new owner.
If everything is done correctly, the paperwork will take 7 days.
How to buy an apartment, how to pay for it - issues that require very serious consideration and calculation. Do not rush, consider all the possible options and seek help from friends, relatives, and, in extreme cases, the bank. And then your apartment will not slip away from you.