They offer me a studio apartment in a panel block from the 90s in the southern part of Sofia for major repairs for BGN 30,000! Do you think it's worth it Given that the repair is 8-10 thousand levs and then you need furniture. I'm hesitant to buy it or take out a bigger loan and buy a one-bedroom for about BGN 55,000. Please advice.
Answers 8
People are buying homes. Everyone according to his needs, everyone according to his abilities, everyone according to his mind. Make up your own mind what you need, how far you are able, on this basis only you can decide. We can only tell you that the apartment for BGN 55,000 will not be repaired either, for each of the apartments you will need furniture, so you have to put them as a price tag anyway. That a lot depends on how old you are, your marital status, will this be your only home? We can give you advice from our own experience, to make a good account, no more than 30% of your income goes to loans. There are homes for all kinds of people, but with the little info you have given for yourself, there is no way we can remember what is best for you. However, we only know that you want a home that will probably be on credit.
I think get a one-bedroom. The studio is for a single person or for a family without children, for elderly people, to rent it to such people ... if you are not in these categories, what is it for you?
I think that at a later stage you will get other annoyances, such as mold, insulation, etc. Find something both bigger and not in need of a huge repair with huge costs, and with cool neighbors :)
the second
Well done on 2, 3 and 4 great tips very helpful! To top it all off, I suggest you collect 150,000 and buy a penthouse or 20 million and buy a mansion! To the author depends on the ratio price - area and other things of course. We can't judge without seeing the apartments. In general, I can tell you that now is a good time for such a purchase and the prices will probably stay the same for about a year.
The panel has twice as short a life as the brick, I will not be surprised if after 10/15 years a law is issued for their removal and demolition, and then many people will prescribe, not for nothing concrete panels themselves are very strong as elements, concrete there are 100 years of tightening and then 100 years of decomposition according to BDS for a while, but their weak points are where the panels are welded to each other (I'm talking about the walls) because the slabs and columns are floating formwork and they have no role in this case, the welds themselves on two walls, so to speak, do not withstand each other and begin to crack, which means either pushing or strengthening. this phenomenon can be seen in some panel blocks, mostly between the floors where the stairs to the slab are attached. The best option is construction between 70 and 90 years,
The southern part of Sofia is quite an expansive concept. I am also in the southern part, but 10 minutes from the National Palace of Culture and I can say that a studio, even a panel, even for repairs in this area for euros30,000 is completely without money. It is about Strelbishte and Iv. Vases. One bedroom for euros55,000 you just can't find. Ruins are sold here for 35,000-40,000 euros. These are one-bedroom apartments. So, for euros30,000, take it and don't be surprised. Withdraw some euros50,000. Take the apartment for BGN 30,000 and for another euros20,000 you make it a doll, together with the repairs and furniture.
Get a home only if it is close to your job and if your job is very secure or there are many jobs in this area, in your specialty. To take a house for 35,000 euros, instead of 55,000 euros, but to have 3 hours a day - Count this for 66 hours a month or almost 800 hours a year. Or you lose one month a year on a trip. That is why many people prefer accommodation while they do not have a serious job.