6 reasons to finally decide to buy an apartment

1. You can save money with the state support program

The preferential mortgage program in its current form will remain until July 1 of this year. Rates until this date will remain low - from 5.55%, and the maximum loan amount for Moscow and the region will be up to 12 million rubles. If you buy a home now, then depending on the size and, accordingly, the price of the apartment, you can save from 1.5 to 3 million rubles.

Let's say you buy a two-room apartment in Moscow for 6,112,505 rubles. With a preferential mortgage program at a rate of 5.75%, the monthly installment will be 36,456 rubles. Without state support, the rate can reach, for example, up to 8.9% (for some banks it is even higherA number of banks have raised mortgage rates to more than 8% / Izvestia), in this case you will have to pay 46 385 rubles per month. If you take a mortgage for 20 years and make a down payment of 15% of the cost of housing, then for the entire period with a state support program of 5.75% you will overpay 3,559,222 rubles, and with a rate of 8.9% - 5,946,760 rubles. In total, at a rate of 5.75%, you will save 19.8% of the total loan amount, or 2,387,538 rubles, which is an impressive amount.

The state support program is going to be extended for another year. But there is a possibilityHow will the new conditions of preferential mortgages affect housing prices / Rossiyskaya Gazetathat after July 1, rates will rise, and the loan will be limited to the amount of 3 million rubles. This is hardly enough to buy an apartment with a down payment of 15% in new buildings in Moscow and New Moscow. If you are planning to take out a mortgage in the near future, it makes sense to do it within a month.

2. Part of the money can be returned using a tax deduction.

Funds spent on the purchase of an apartment can be partially offset by a tax deductionTax Code of the Russian Federation, article 220 "Property tax deductions". It doesn't matter if you buy a home immediately for the full amount or take out a mortgage. There are two conditions - you need to pay income tax and register ownership of real estate.

The amount of tax that can be refunded is determined by two variables: the cost of housing and income tax. If you buy an apartment on a mortgage, in total, thanks to tax deductions, you can return up to 650 thousand rubles: 13% of the cost of housing, but not more than 260 thousand, and another 13% of the interest paid to the bank, but not more than 390 thousand.

The more expensive the apartment, the more money can be returned, but if it costs more than 2 million rubles, this will not affect the amount of the deduction in any way. In addition, you cannot receive a deduction that exceeds the amount of tax paid for the year. But the remainder can be received next year.

Russians will be able to apply for tax deduction for 2021 in a simplified mannerHow to issue a tax deduction when buying an apartment under the new rules / RBC. Under the new rules, individuals will not need to draw up a 3-NDFL declaration - just one statement on the FTS website is enough.

3. Easy to register permanently

A big plus for families with children - registration can be easierFederal Law of December 29, 2012 N 273-FZ "On Education in the Russian Federation", Article 67 "Organization of admission to training in basic general education programs" arrange a child in a kindergarten or school near the house. Moscow registration will provide a whole range of benefits: compensation for the birth of a childHow to receive payments at the birth of a child / Official website of the Mayor of Moscow, pregnancy benefitHow to get payments for pregnant women / Official website of the Mayor of Moscow, free travel on public transport for large familiesWho is entitled to free and reduced travel in Moscow / Official website of the Mayor of Moscow.

In general, registration at the place of residence will be useful to everyone - for example, it may be easier to get passport, issue a license or attach to a district clinic than with registration at the place stay.

Although the law does not in any way discriminate against persons without registration, in reality, in the absence of registration it is more difficult get a loan, get a job and get a pension or other social measures support. Without registration, it is unlikely that it will be possible to vote in elections and register as an individual entrepreneur or legal entity. It is risky to cooperate with a person without a fixed place of residence, so few people dare to conclude a contract with such a person.

4. No need to pay the landlord

Both home rentals and mortgages require monthly fees. Only in the first case, the money goes to the account of a stranger, and in the second - to buy your property, and sometimes the amount of mortgage payments may be lower than the cost of rent. For example, last year it was more profitable to service a mortgage in MoscowMortgage in 2020 was 25% more profitable than rent, according to VTB / Vedomostithan renting a house. Sometimes the profit reached 25% due to state support and loan refinancing.

The institution of housing rental in Russia is not yet so civilized that one can easily rent an apartment throughout his life. In fact, the tenant is constantly in a state of instability, because he is not protected by law in any way if the owner asks him to move urgently.

Another disadvantage is a possible increase in rent at any time. In addition, the tenant has no guarantee that the owner will renew the lease. As a result, in the middle of the school year, it may be necessary to look for new housing and place the child in a new school or kindergarten.

There are other inconveniences: the owner can come with checks, and if not, then you still need to communicate with him regularly. Much depends on the price: an affordable apartment may turn out to be "killed" or tiny. Often you have to choose not the best quality housing - from what is, and not from what you want.

5. You don't have to limit your imagination

The ability to equip an apartment to your taste is a weighty argument in favor of your own home. The owner may not allow a full renovation in a rented apartment, and every step has to be coordinated. Putting in new furniture, changing the interior, even adopting pets, inviting friends or family for the weekend - everywhere you need to get permission from the landlord.

If the owner gives the go-ahead for repairs, it is unlikely that many will want to seriously invest in renovating the interior. Everything is complicated with rent guarantees, so there is no certainty that the tenant will stay in the rented apartment for a long time, and there is no point in spending money on expensive repairs. But in your home you can do whatever you want, even stick on photomurals with dolphins, not to mention major repairs and redevelopment.

6. Your apartment is an investment in the future

Renting is a fixed cost and a purchase of a service that cannot be resold to anyone. In this sense, renting an apartment, in principle, cannot be profitable, because in the future these expenses will not bring profit.

Own housing is safer: yes, you have to pay taxes and utility bills, but the rent, taking into account all the same utility costs, may turn out to be higher. If for a working person this is not such a big problem, then renting an apartment for retirement is not an easy task. Therefore, it makes sense to think about your home as early as possible.

Moreover, real estate is a fairly stable asset. “Keeping” money in it is a good solution, especially if children are growing up in the family, who sooner or later will need a separate house. And if the apartment ever gets bored, it can be profitably sold or rented out and used as an additional source of income.