Ten ways to find the missing amount to buy an apartment in a new building. Part 1.

The housing issue has been a pressing problem for people in all centuries. And now this problem is as acute as before for everyone without exception. But here’s the problem: where will you get the money to buy a home with very modest incomes? How to save up for an apartment with a salary of 30,000, 20,000, 50,000 rubles, if you need a million for decent housing? The answer is simple - take a loan from the bank. But a loan is expensive, and wages are unstable. In this case, you need to set a goal for yourself - to accumulate funds to buy a home. Let's consider the question of how to save for housing in more detail.

Disclaimer

In this article we will talk specifically about legal and working methods that are NOT associated with risky schemes, gambling and other dubious methods in which people in 99% of cases lose money rather than save.

We know that there are a lot of stories on the Internet “how I saved up for an apartment with the help of Vasya Pupkin’s miracle scheme.” There will be no Pupkins in our material!

Only legal ways that do not require you to send your money to strange people and strange projects. Let's look at all the pros and cons, and find out which methods not only work, but also work quickly enough.

If you wish, you can combine some of these methods to speed up the process. And at the end there will be the most detailed strategy - almost a script. ?

No. 1 Long and reliable

A bank deposit is the most reliable, but, alas, the slowest method. But do not rush to consider it useless, looking at rates of 4% - 6% (and most importantly, do not rush to invest in dubious companies offering significantly larger amounts. Reliable investors are now on the fingers of one hand, and 90% of companies offering a higher rate the key rate of the Central Bank of the Russian Federation will simply disappear at some point along with your savings).

Your solution is to constantly replenish your deposit and use the so-called “compound interest” as leverage. You can find out how it works (and calculate the total) using our calculator.

4% per annum on a deposit of 20,000 sounds pretty sad. But if you report 10,000 rubles every month, even with this percentage, by the end of the year you will have around 143 thousand in your account. By the end of the second – 270-odd.

Still not enough, right? Especially if you are interested in how to save for an apartment in Moscow.
It's OK. Let's move on - now we will figure out how to increase these amounts. But first, let’s figure out what can be done if you have a fairly impressive amount on hand.

Is it possible to earn money for an apartment in a year with a salary of 15-30 thousand rubles? per month

In order to understand how to earn money for an apartment with a small salary, you need to analyze your expenses and decide on the parameters of the desired apartment.

Let’s say right away that at the moment we are not considering housing in Moscow or St. Petersburg, since a salary of 30 thousand rubles in these cities is unlikely to be enough for a family to live, not to mention savings.

Therefore, with such an income you will have to buy an apartment outside the city or in small towns.

So, a one-room apartment in good condition costs 2-2.5 million rubles .

Having a salary of 30 thousand rubles , you will have to give up your own car and rented housing. You will have to live with your family for a while and switch to public transport.

8-9 thousand rubles on food . If a family of 2 people – 17 thousand rubles.

For public transport and other minor expenses – 5 thousand rubles.

8 thousand rubles remain

We calculate and determine how much you will have to save for an apartment worth 2 million rubles.

2,000,000/8 = 250 months or 20 years

If there are 2 working people in the family, then about 10 years. But remember that during this time you will limit yourself in everything. And with the advent of children, spending will increase.

As you can see, you won’t be able to collect 2 million rubles in a year with a salary of 30 thousand rubles, even if you don’t spend a penny. But you will be able to save up for a down payment on your mortgage. To summarize, let’s say that if you really want to have your own living space, then it is vital for you to look for a part-time job or change your current job.

No. 2 Quickly, but with caution

Investing – there are a number of companies that you can trust with your funds or even start investing yourself. It sounds tempting, but before engaging in this area, we advise you to study all the materials in this section.

In general, profitable investment offers exist in:

• MoneyMan
• Opening Broker
• Sberbank

MoneyMan attracts investments to issue microloans. Moreover, unlike many other “colleagues”, it does not offer you to take on problems with lending, customer verification, etc. You simply deposit funds like an ordinary investor, and at the end of the agreed period you receive them back along with the interest pre-specified in the agreement. The figures turn out to be nice - from 10% per annum.

Opening Broker is already an older league. For those who have spent some time and understood the basic issues of investing. And we strongly advise against rushing headlong into the mysteries of such investing. Here you will have to spend at least 3–4 months on education and be guaranteed to “kill” your first small investment in order to figure out what’s what. The end result could be a nice profit. The main thing is to understand that this is also a savings format, and not roulette, where you urgently need to “bet everything on red and win.” It doesn't happen that way. And such stories always end sadly.

Sberbank offers quite clear investment instruments. Including investments directly into Sberbank itself. This is also a good option for saving up for an apartment if you have a good starting capital (from 1 – 1.5 million), but you absolutely do not want to take out a mortgage, or they simply won’t approve you for the amount you need yet. In general, profitability can reach up to 10–15% per year. True, it doesn’t change from year to year and there may be a period of slight minus.

These methods are only suitable for people who have free funds. Financer.com warns: ! Under no circumstances should you take out loans for such investments ! Under no circumstances should you choose any of these options without reading the relevant expert articles. ! Under no circumstances should you invest your “last money” in this way, and even in its entirety. Never put all your eggs in one basket.

Earning options

Let's look at the immediate options for purchasing an apartment or getting money to buy it.

Mortgage

The most popular purchase option. It has a significant disadvantage - the loan will have to be repaid over a very long period of time. It is hardly possible now to get a loan without interest, except from relatives, so the mortgage threatens to be overpaid. Sometimes significant.

The main advantage of a mortgage, in addition to immediate use, is protection against inflation. At least that's what the advertisement says. In practice, the cost of housing varies greatly depending on the region, but in general, if there is an increase in housing prices, it is insignificant.

IMPORTANT! Active growth in construction, increased competition and rising prices have created the opposite situation, making it impossible for the conventional middle class to purchase an apartment. Often even with the help of a mortgage loan.

Taking out a loan is a modern form of debt slavery, and there are no guarantees that in 5-10 years a person will remain able to work or will receive the required amount.

One way or another, you should carefully study the loan agreement and take time to choose a bank in order to overpay as little as possible. Luckily there are plenty of options. It is better to take out a mortgage loan if you have the nth amount of money on hand . An excellent option would be to have additional income.

Let's look at a number of tips that will help you take out a mortgage more profitably:

1. Mortgage payments are divided into two groups. The first implies uneven distribution. Larger installments are paid first, then smaller installments. The second group distributes all payments into equal shares, which do not change over time. The first type is beneficial due to the small overpayment on the loan.
2. It is worth taking out a loan exclusively in the money of the country where you live . During a financial crisis, foreign currency mortgages threaten a real disaster.
3. The difference in payments over the period of 20-30 years is small. The same cannot be said about significant overpayments for the extra five years of the loan. It is more logical to choose options with a shorter period, but adequately assess your strengths.
4. A mortgage loan without a down payment risks large overpayments in the future.

The most important thing is that early repayment of the loan leads to a reduction in overpayment. Moreover, you can repay the loan not in full, but in large sums, by notifying the credit institution 24 hours in advance.

Secured mortgage

Suitable for citizens who want to increase their living space or move to a more prestigious area. A significant disadvantage is that a secured mortgage requires third-party housing.

By taking out a mortgage against an apartment, you rent it out, thereby covering the mortgage payments. Not the most stable option, depending on many factors: distance from the center, availability of infrastructure.

The rental price and popularity of a particular property depend on such signs. No one is immune from downtime, and the low price often will not allow you to pay off your mortgage payments. To protect yourself from unscrupulous tenants, it is enough to draw up an agreement and write down a clause for possible damage to property.

Another disadvantage will be the long-term receipt of secondary property, taking into account early repayments. In practice, the time for full settlement with the bank will occur no earlier than 10 years, or even later.

Lifetime annuity agreement

A specific option with a number of restrictions. It involves caring for an elderly lonely person who, as a sign of gratitude, rewrites his home . With due diligence and communication skills, it is possible to find good grandparents who will help you purchase a home.

A life annuity agreement may involve monetary compensation or care for a pensioner. Walking, grocery shopping and other responsibilities will fall on your shoulders.

Among the negative aspects, it is worth noting the unexpected appearance of relatives and the capricious nature of older people. In addition, the apartment can be transferred on a partial purchase basis. If care is taken in bad faith, the pensioner may go to court to terminate the annuity agreement.

ATTENTION! Please note that care or financial benefits may last for many years. The transfer of property will occur only after the death of the owner.

Additional source of income

An option that involves great mental and physical stress. You can get an additional part-time job. It will be easier for young people to find additional income on the Internet, since there are plenty of options for part-time work.

The development of various kinds of creative activities from blogging to commercial websites will improve your financial situation.

Among the minuses, it is worth noting the search for an unoccupied niche and the active maintenance of the same site. This takes time and money, and there are no clear guarantees that a particular activity will work. The ideal option would be to turn your hobby into an additional source of income. The Internet is a real opportunity to earn your first million rubles.

One of the options for passive income is to put money in the bank and receive an annual profit. Its amount depends on the size of the contribution. Let us note a number of ways where you can invest money:

• shares of large corporations - there is a high probability of their appreciation in the future;
• precious metals;
• investment in real estate - buying apartments in poor condition, renovating and selling at a large premium;
• investment mutual fund is the best investment for reasons of profit and safety.

Royalties stand apart. With the right talent and ambition, it is possible to patent an invention that will bring dividends. If you write a successful book, then constant reprints will bring good income.

Participation in the state program

The government has developed a number of programs that will improve the housing situation of young or large families. The state will give away housing free of charge, but will significantly reduce purchase costs. Note a number of advantages of this option:

1. reduction of loan payments by increasing the loan term;
2. making a down payment on a mortgage or repaying the balance on a long-term loan;
3. cash payments for building a house or buying an apartment on the secondary market.

On the other hand, the applicant is subject to certain requirements that limit the number of applicants. For example, the participant must be under 30 years of age and have a stable official source of income. In addition, the family must not have their own home or it does not meet quality and safety standards.

To participate, you must collect a package of documents and wait for approval from the local municipality, which may take several years. Payments are influenced by a lot of factors, but should not be less than 30% of the housing amount.

Maternity capital and tax deduction

A tax deduction allows you to return part of the money spent on an apartment. The deduction amount is equal to 13% interest, but does not apply to amounts over 2 million rubles. The tax deduction can be used only once, and the citizen must be officially employed.

ATTENTION! The deduction can be used when repaying a mortgage loan, but it is better to do this in the first months. Maternity capital can also be used to repay a loan.

Learn a new profession or start your own business

To get a new profession it is not necessary to enter a university. You can take training courses or get an education by correspondence.

Many people believe that starting a successful business requires initial capital. But it is not always the case. If you open an LLC, the initial payment will be no more than 10 thousand rubles. Let's consider a number of professions that will help increase income:

• realtor is a person who is involved in the selection and sale of housing, who receives a percentage of the income.
• breeder - breeding purebred cats or dogs.
• work on a personal car - you can work as a taxi driver, carrier, or work for a commercial company. You can transport cars from abroad (Japan, the Baltic states).
• Selling goods and services is the most common method, which has received new life with the development of technology. We buy goods cheaper and sell them elsewhere for more. Currently, resale of goods from China is popular.

Determination and perseverance will help you realize your long-standing dream - buying a new apartment. Fortunately, there are currently enough ways to make money.

#3 Safely, but with effort

Obviously, in order to quickly save up for an apartment, you need to either increase your income or reduce expenses.

• Especially for you, we have compiled a selection of tips on how to save without harming yourself and your family. The overall list includes more than 100 items, and absolutely everything is there – right down to savings on housing and communal services. Surely you will find something new and unusual there for yourself.
• To increase your income, we strongly advise against taking a second job - the first one may also suffer. The best option is to find a part-time job with piecework pay and a flexible schedule. Currently, there are dozens of freelancing services with a need for a wide variety of services. The most popular are “Profi” and FL. For those who know the language, Upwork is also suitable.

What to do with these “super-incomes”? Decidedly put everything (100% and without tricks) into a special account opened for savings for housing.

#4 Legal, but not obvious

You don’t always need to save for an apartment. The survey showed that more than 70% of Russians are not aware of possible promotions and benefits that they can take advantage of.

Starting information, for example, for families with children can be found here and here.

In a nutshell, today there are many subsidy options and federal assistance options. Especially for young families, couples with children and those who live in cramped conditions.

The best way to save money is to know your rights!

No. 5 If you already have housing

Some people are attracted to mortgage loans, while others are downright frightened. But when it comes to improving living conditions, this may be a good option, due to the fact that the purchased property can be rented out for some time. And at the expense of rent - to repay loan payments.

Considering that the minimum percentage is now only 5.5% (and experts predict an additional reduction in the coming months), even registering 2 - 3 million will allow you to actually completely pay off payments through rent.

How to save money on buying an apartment

When buying an apartment, people are often too lazy to search for their future home on their own and turn to realtors or real estate agencies. For a certain percentage of the transaction, specialists select an apartment and accompany you at all stages of the purchase and sale transaction.

All this sounds nice, but in practice it turns out that such agencies do not have their own database, but look for options in newspapers, real estate websites or bulletin boards. But you can do this yourself.

Many realtors do not have the necessary legal education and cannot properly advise you on any issues.

If you are afraid to draw up a sales contract yourself, then it is better to contact experienced lawyers. They are the ones who know all the details and intricacies of buying real estate. Of course, lawyers will also have to pay. But this way you will spend 2-3 times less.

No. 6 If you have no housing

In a situation where you rent an apartment, the mortgage option may also be more profitable. With a high degree of probability, you will pay approximately the same money, only for your home.

If you live in a free hostel or similar place, consider starting with a more modest purchase - don’t immediately go for “two-room mansions in Moscow.” Firstly, prices are constantly rising. You can get into a vicious circle where you save all the time, but you always don't have enough. Secondly, it has its own territory - its own rules. Once you get even a room of your own, you will see how much easier it will be to build up your “financial cushion”.

You will become calmer. Once you get a certain result, you will have more confidence in your abilities. Your personal efficiency will increase, and with it your income.

No. 7 Detailed strategy for the most prudent

1. Pay off all debts as quickly as possible - firstly, this will reduce your stress. And the less stress, the more productivity. Secondly, any savings are pointless when you are constantly pestered by disgruntled creditors.
2. Plan your expenses so as not to live on bread and water - most often the idea of ​​savings is frustrated due to the fact that people “tighten their belts” too much and life in such conditions becomes unbearable.
3. Start saving at least 5% of your salary - if you use the saving tips in the link above, you will be able to do this without much difficulty.
4. Start by investing in the most reliable ways - the deposit will do.
5. Add investment options – first, with the principle of “don’t put all your eggs in one basket.” Secondly, the more accumulated funds, the more opportunities open up.
6. Think about buying the property that will be the first to be available - yes, this may not be the right option yet, but you will already be able to generate additional income from rentals. And then you can simply sell this home and buy another one.
7. Make a clear financial plan - in 90% of cases, haphazard savings lead to nothing.
8. Break a large goal into small ones - this also helps not to get distracted and not give up.

Mortgage restructuring

The state will not be left in the lurch, even those who have taken out a mortgage but, due to a serious life situation, cannot repay it. For assistance, you can apply one year after you complete your loan repayment. The support will include lowering interest rates to 11.5%, writing off debts and fines, and paying off about one-third of mortgage debt.

To receive all these benefits, the applicant will have to try very hard. The conditions of the state program are extremely strict, and few people will be able to take advantage of its benefits.

The conclusion is:

• a special commission will study the composition of the family and the income of each of its members for the months preceding the filing of the application;
• These data are used to calculate the average monthly household income;
• The monthly mortgage payment will be deducted from it, and the remaining amount will be divided among all family members;
• If it turns out that the average income per disposable person in a household is below 2 social minimums, the commission recognizes the existence of conditions for receiving government assistance.

There are other conditions:

1. Dependents of persons taking out a mortgage must be minor children, students or graduates aged 24 years or older.
2. If the mortgage was taken out for a one-room apartment, its area cannot exceed 45 m2. A “three-room apartment” cannot be larger than 65 m2, and a “three-room apartment” cannot be more than 85 square meters.
3. The apartment must be the only real estate in which the family can live.
4. The monthly cost of the loan must be at least a third higher than what they had to pay when taking out the mortgage.

For more specific eligibility criteria for refinancing, contact a branch of one of the 80 banks accredited for this government program.

These include:

• Sberbank;
• ICD;
• VTB 24;
• Absolut Bank;
• Alfa Bank;
• Gazprombank;
• Binbank;
• Rosselkhozbank and others.