For the first time buying a house, the young couple still decided to take a bank loan to buy an old apartment of nearly 1.4 billion dong
Cozy living room space in the current house of Mrs. Ha and her husband
Over a year of officially living in the same house, Ms. Ha and her husband have accumulated a capital of nearly 600 million VND from monthly incomes and wedding favors. Feeling that life has been somewhat stable in terms of work and income, wishing to have a comfortable space for a small family life, Ha and her husband began to discuss about borrowing more money to buy a house/land first. when turning 30 years old to settle down and settle down.
“An available capital along with a stable income is a necessary condition to be able to borrow to buy real estate in case there is not enough self-capital compared to the current real estate price,” Ha’s husband shared about my decision.
Warm dining area
Initially, Ha’s husband wanted to have land to build his own house. Because he is an architect himself, he has always dreamed of drawing every detail in his house by hand. However, after researching the market through friends, brokers, and news from the internet, Ha and her husband realized that the prices of land and houses in Da Nang city were too high compared to their ability. The land, cheap housing, suitable for the couple’s finances, are located in remote areas from the center, not full of utilities and not convenient for moving in the work of both.
Moreover, after discussing together, Ha and her husband both think that each person’s work is very busy, there will not be much time to be able to buy land and monitor the progress of house construction. “When you have spent a lot of money to buy land, and still have to worry about building a house, it will be difficult to meet your goal of early settlement,” Ha confided.
Therefore, they have decided to choose to buy an apartment in the city to both meet the needs of living, work, convenience, and the financial ability of the couple. They plan to buy apartments in the price range of 1 to 2 billion VND.
Small balcony in their apartment
Ms. Ha and her husband started researching apartment projects in Da Nang city through social networks, online trading platforms, etc. Ha’s husband said: “There are many choices on these platforms. For the type of apartment, there are also many options such as new construction apartments, used apartments, social housing apartments, mini apartments.For new construction projects, they are often far away. In the center of the city, the planned places are new residential areas in the future, with prices ranging from 1.5 billion to 2 billion. The price of this type is also suitable for husband and wife, but its location is different. is a minus.
Newly built apartments in the city center are high-class apartments, so the prices are very expensive beyond their financial ability. Some mini apartment projects are very cheap, but investors are individuals and households, so legal issues will be the biggest concern.
Take a look at some used apartment projects, although prices may increase according to the market, but still within financial capacity. Moreover, the geographical location in the city center, the living environment is very comfortable, quite suitable for the couple.”
After finding a number of suitable second-hand apartment projects, they directly call the posters for sale, usually brokers, for advice and visit the site in person. It took nearly a month for Ha and her husband to find an apartment that both husband and wife were satisfied with.
“The two of us have decided to choose a 4-year-old used apartment, a commercial apartment project, near the city center.”
According to Ms. Ha, the apartment price for the general market was about 25 million VND/m2 at that time, which was early November 2021. The total price of the apartment at the time she and her husband closed the purchase was 1,350 billion VND with an area of 52 m2. The 2-bedroom apartment is also suitable for the needs of the couple.
The bedroom is quite spacious and airy
600 million dong of self-owned capital of Mrs. Ha and her husband is about 50% of the value of the apartment they intend to buy. The two decided to borrow more from a bank and mortgage the same apartment. The loan term as far as they know is usually 25 years.
“Since I have decided to borrow to buy a house, my wife and I have to ensure a monthly income so that we can pay interest and principal without too much pressure. I expect the monthly bank payment to be lower than 50% of the total income. If you enter, you can feel secure,” Ha shared.
However, due to a bank loan as collateral, the couple also encountered a few obstacles in terms of documents and legal procedures. The bank has to investigate quite carefully, to make sure that the apartment has a complete profile, is not disputed and is priced correctly at the market price to be able to lend. In addition, Ms. Ha added that they had to incur additional costs for services that both husband and wife did not anticipate.
After nearly a month of being busy with the documents and procedures, the young couple also completed the loan application for the new house and finished the remaining payment with the apartment owner. They officially took over the house with eagerness for a settled life in their new home.
“The apartment is used, so it should be handed over with basic furniture that is still valuable. My husband and I just need to spend a little more on renovating the walls, tiling, and buy more interior items to our liking, we can make good use of the purchased apartment,” Ha said about the renovation. The apartment is suitable for the lifestyle of two people.
The young couple fulfilled their wish to settle down before the age of 30. Geographical location and living space are very convenient, fresh air, not too noisy. Both people feel that the decision to buy this old apartment is the right choice for them at the moment and are satisfied with it.
By Business and Marketing
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
