Silvana Saldisuri
05/24/2021 6:01 AM
Clarín.com
Services
Updated 05/24/2021 6:01 AM
The pandemic brought challenges, new trends and opportunities related to construction and safeguarding savings, beyond the traditional modality.
But all investment in the real estate market has
variables
to consider in order to know if the correct decision is being made, more than anything in the face of so much
economic uncertainty
such
as the one that the country is currently going through.
Generally,
investing in a brand new home
has clear advantages, but when it comes to a
well project
, some questions arise.
If you have the possibility of investing in an apartment, is it better to have one from the well or in a house that is ready to move in?
Here are some characteristics of the two modalities.
Come and see:
Buying a brand new apartment: advantages
Without delays:
A property ready to move in without waiting means a home with immediate occupation, and this is a great advantage for those who are looking for a house or apartment
to live in as soon as possible
.
Investing in a brand new home has clear advantages, but when it comes to a well project, some questions arise.
Photo: Marcelo Carroll
Preview:
Brand new properties also have the benefit that
they can be viewed
prior to purchase.
It is possible to personally check how the outside light affects, what the spaces and rooms are like, how the orientation influences and what construction materials were used.
This first-hand look always
gives more security
when choosing a home.
Cost:
In general, when buying a brand new apartment, you must have all the money of the property's value at the time of the operation, plus the expenses to deed.
The values are usually higher
, so the cost issue is not exactly an advantage.
Buy an apartment from "the well"
First, you must understand what an "in-hole" project is.
It is a pre-sale of a property that goes on the market once the plans are approved.
So, investing in a well consists of buying an apartment
before it is 100% completed
.
In other words, it is still in the "well" process, hence its name, which responds to a graphic description of what a project is when construction work begins.
At the end of the well work, it will be in a brand new, revalued apartment.
Photo: José Gutierrez
When the objective is to invest in the long term, the most beneficial alternative is to
opt for projects in the well
.
Here are some
advantages:
Savings:
Buying at the well represents a saving of between 10% and 20% compared to the final sale price of a brand new unit.
Profitability:
At the end of the work, you will have in your hands a brand new apartment in a growing area, where the value will grow by buying at the well and also by the development of the place.
Long-term benefit:
In the future it can become a fixed income by placing it for rent.
Buying at the well represents a saving of between 10% and 20% compared to the final sale price of a brand new unit.
Photo: Fernando de la Orden.
Interest-free installments:
The investment in a well requires a first disbursement of a percentage of the cost of the property.
However, the rest of the payment can be completed in interest-free installments.
What to consider when choosing to invest "in the pot"
Those who wish to invest and own a home can choose
real estate agencies
,
developers
or
construction companies
that offer works and well units in different areas of interest in the country.
These are some
recommendations
before deciding to do the operation:
.
Know a
project
or the buildings that were made in previous years, mainly to be
sure
of where the money is going to be put and what is the
support
it has, in addition to having references on the style and design.
.
Ask for all the
data of the construction company
and inquire if it fulfilled the promised deadline, the constructive quality and that it has an after-sales service.
.
Take into account the
project area
, if it has access to public transport and services, schools, hospitals, shopping centers nearby.
This will undoubtedly increase the value of the investment in the future.
What is the current situation of the real estate market
"In the current context, the development of real estate and investment in well have
slowed down
and taken a more leisurely pace depending on what is happening in economic matters and restrictions," said the director of Real Estate Report,
José Rozados
, to
Clarín
.
Experts explain that today developers and investors move wisely to avoid paralyzed works.
Photo: Clarín Archive.
"In that sense, it must be recognized that the
'brand new' market
has shown that it
is working and regulating well,
" he said.
Rozados said that "today there is a
lot of caution
, both on the part of investors and developers who are measuring investment, with respect to sales, when is the right time to launch new developments and how to conclude them successfully."
With regard to
prices
, he explained that what "is being seen in general terms is that there is a
minimum adjustment
in the sale price of the apartments that are sold
from the well,
and even less in the
brand new
properties
. However, there is no clear trend, as it is happening with the falling price of used ".
.
"The average value of the year-on-year fall is in the order of 11% in what are the undertakings that are under construction," he added.
"The reality is that today is a market that is being handled in a very prudent way. But they are not seen for now, despite the fact that for almost all of last year it was not possible to work on works, a large number of construction paralyzed On the contrary, there are very few. And this has to do with the
rational management of the developers
who are behind these undertakings, "he concluded.
LN
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