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What kind of housing in Bulgaria is better to buy on the secondary market or in a new building? What to look for before purchasing an apartment? The experts of real estate BolgarskiyDom.com prepared a comparative material, which will help you see the pros and cons of both options.
Resale – pros and cons
The majority ofresale in Bulgaria , which are apartments in a 4 -, 5-7-story buildings and the new apartment (resort apartment complexes).
Pros
- The buyer gets the object ready to move in or rent out.
- There is a possibility to buy an apartment at a very good price. The estate, which 5-10 years ago was worth 2000 € per 1 m2 now on sale for 750-800 € for 1 m2 (sometimes even cheaper).
- You can select the secondary housing, which was equipped for a comfortable permanent residence of the owner (not leased).
Cons
- The need to pay the full amount upon signing the contract of sale.
- No warranties (which have buildings). After the acquisition of the property, all costs borne by the buyer.
Conclusion
To buy a good apartment in Bulgaria on the secondary market in the event the property needs right now. In addition, this option is more secure in terms of documentation (a minimum of problems and pitfalls that it is easy to find professional).
Properties from the Builder – the pros and cons
Resort property from the developer , represented in Bulgaria in the most modern residential complexes near the beach area.
Pros
- You can choose the city, district, place, floor, Sunny side or corner apartment.
- No need to start from the available budget. You can choose from more spacious accommodation with an eye on future earnings.
- Installments. 30% is paid at signing the preliminary contract. Another 40% after receipt of the Construction act No. 14.
- Guarantee on construction. According to the laws of Bulgaria: 10 years in rough construction and for 5 years for the finishing work.
- When you make a major part or the entire amount at once, you can save 5-10% of the budget.
- Built of modern materials in compliance with strict standards and GOSTs. However, it is worth noting that some experts believe the old panel blocks, a more advantageous option in terms of energy saving.
- Self-allocation of available space (choice plan, repairs).
Read our article: is it Safe to buy an apartment in installments?
Cons
- Most of the objects sold without finishing (you have to do yourself).
- Gradual colonization of other people within 1-2 years (post��any the noise from the neighbors).
- Uncomfortable the area around the building (gray).
- May not fully correspond to the declared characteristics (detected too late).
- The buyer is required to make payments. Serious consequences for violation of this clause.
Conclusion
New is the option for those who are planning to move to Bulgaria but not immediately but in the foreseeable future. To avoid the "gotchas" you need to choose the right Builder.
To learn more aboutpurchasing real estate in the construction phase is possible in our material.
