Cheap apartments are the choice of many middle-income families. Although cheap, it is still at several hundred million dong, a not small amount of money, so when choosing an apartment, people need to pay attention to the following things.

Determine your financial capacity

Financial capacity is an important issue and determines the decision to buy an apartment. Determine your financial capacity clearly to make the right choice. How much money do you have now, can you borrow from relatives and friends or how much will you borrow from the bank.

Currently, some banks support home buyers up to 70% of the house value, but we absolutely should not borrow more than 50% of the house value. Because the more you borrow, the higher the interest rate and it will become a burden.

Research prices carefully

Cheap apartments but the price must be around 700 million/apartment or more. This price is cheap compared to other luxury apartments, maybe not cheaper than traditional houses but home buyers can pay slowly over many years, which traditional houses cannot meet.

Before buying, we should carefully survey the price. There are currently two types of apartments: occupied apartments and projects under construction and for sale. Each type of apartment will have a different price. When we survey the price of an occupied house, we can go directly to the apartment complex to ask people around to know the real value of the apartment. As for projects under construction, we should find information on reputable websites and real estate trading floors to learn more about the project.

Understand your financial capabilities to make the best choice

Learn carefully about the project information

There are many factors that determine the quality of the apartment. When choosing a cheap apartment, you also need to pay attention to factors such as the location of the apartment, what internal facilities are available, whether it is near schools, markets, hospitals, workplaces, its legality... and especially how its price compares to the general level in this area. You can ask experienced people to support you if you do not really understand about apartments.

Time and distance

You need to consider the distance from the project to neighboring areas, whether the city center is near or far, whether there is traffic jam, whether the traffic is convenient or not... The project may be built in an area far from the center, but if the traffic is convenient and the infrastructure is guaranteed, it is also a factor that helps you decide whether to buy or not.

Besides the above 4 factors, when choosing a cheap apartment, you should also carefully research the investor to see their capacity; consider whether the apartment's feng shui is good or not to choose the right direction for the house; consider how the interior of the apartment is designed, how the basement is for parking; the regulations and terms in the contract...

According to Construction Magazine