Despite the widespread use of rented housing, a person strives to provide his family with his permanent home. Primary housing is significantly more expensive than real estate sold by individuals, so the secondary market is more lively due to its lower cost.
The concept of "secondary housing" has long been engraved in memory, but the correct meaning is not always put into it. In fact, this is any residential area, be it an apartment or a house, that went through a sale and purchase transaction and was registered in someone's property. In other words, if you purchase such real estate, then you will definitely not be the first owner. It should be noted that secondary housing is not always characterized by the presence of tenants, since more and more people are investing their savings in construction at the zero stage. Upon completion of construction, the selected apartment becomes the property of the first owner, who does not even plan to live in it. But this real estate object can no longer carry the status of primary housing.
The acquisition of a secondary property has its positive and negative sides.
Benefits of a secondary home
Usually, new buildings are allocated to uncomfortable, new districts of the city, where there is not always its own infrastructure. When purchasing a second home, you can choose any suitable area before buying. The assortment of this type of real estate is much larger, in contrast to the assortment on the primary housing market. Prices in the secondary market are different, it depends on the area in which the apartment, house is located, on the area and condition of the building. In the city center, of course, prices will be higher than in the outskirts.
If you purchase a secondary living space, you can immediately live in it, unlike new buildings. In addition, when buying such a house, an apartment, it is much easier to get a mortgage, since almost all types of mortgage loans apply to this type of housing.
Disadvantages of secondary housing
Among the disadvantages of purchasing secondary housing are the following: there is a risk of acquiring a "disguised" house, apartment after a good cosmetic or even major repairs. Some time after buying it, you may make a renovation, change pipes, batteries, make other significant investments, and it turns out that the building is in disrepair and is virtually impossible to sell. On top of that, it may turn out that living in such a house is, if not dangerous, then unequivocally uncomfortable.
Therefore, when buying this type of living space (this applies to apartment buildings), you should first ask the relevant organizations if there are any interruptions in the supply of heat, water and other communal problems. Feedback from neighbors who better see all the imperfections of the building will also be useful.
If you want to buy secondary housing and do not have legal knowledge in this area, in order to avoid a number of risks, it is not recommended to buy real estate on your own. The living space may not have an ideal past (various legal proceedings), not discharged tenants, and even be resold repeatedly to hide various factors. In addition, there are currently a large number of fraudsters on the real estate market, so it is better to contact the agency (realtors), which will check the living space for "cleanliness of documents" and check the owner himself, and will also help in the legally correct execution of the purchase and sale transaction. It is not worth saving on the support of legal transactions by realtors, since refusing their services can be more expensive.
Most people prefer to buy secondary housing because prices are much higher in the primary real estate market, and the affordability of housing at any stage of construction becomes less attractive due to the high probability of fraud on the part of unscrupulous developers and due to possible delays in commissioning.
