We often hear from buyers of apartments in new buildings misconceptions that have arisen due to lack of information and ignorance. We debunk the main myths in this article.
In this video I will talk about the TOP 4 myths about new buildings in Odesa. I will tell:- 🔶 Myth 1. Developers have major sales problems and a huge selection of free apartments
- 🔷 Myth 2. Developers sell apartments on long-term installment plans without increasing the price
- 🔶 Myth 3. If the status of the purchased property is not an apartment but apartments, then neighbors will only be tourists with endless fun and noise
- 🔷 Myth 4. If the building is under construction and apartments are being sold, then all permits have already been obtained
Myth 1.
You can buy an apartment at the price as on classified ads.
Often, nonexistent apartments are posted on classified boards at prices below market. This is done to attract the attention of potential buyers, get a call from them, add them to our database, and offer them real existing options at a higher price.
Myth 2.
Developer's renovation is cheap and low-quality.
The cost of renovation by the developer is usually cheaper than hiring renovation crews independently, due to bulk purchasing of materials and achieving a lower price through large volumes during renovation work.
At the same time, specialized professionals are involved in each task, ensuring the quality of the work performed.
Some developers perform white box pre-finish apartment finishing; more details in our article Apartment with White Box pre-finish finishing.
Myth 3.
Quality housing can be bought cheaply.
An apartment in a quality building initially implies a high cost of housing.
When constructing such buildings, expensive materials are used, they have high-quality high-speed elevators, lobby decoration is a separate artistic project, the closed courtyard implies landscaping, the availability of parking spaces fully provides for residents, plus each such building has its own features - fountains, pool, rooftop garden, etc.
Myth 4.
Developers have major sales problems and a huge selection of free apartments.
According to this myth, apartments are rarely bought because people have no money, and therefore, until the building is handed over, there is a huge selection of apartments.
In reality, the best apartments are purchased at the start of sales, and by the time construction is completed, there are practically no free apartments left.
On this topic, we recently conducted a study and published it in the article More details in our study on the topic -
