The expert told how to profitably buy an apartment in a building to be demolished

Investors are looking for the keys to Khrushchev buildings

Recently, the most “advanced” citizens have paid attention to apartments in Moscow “Khrushchev” buildings. However, such a deal has pitfalls. An expert from the NDV Supermarket Real Estate company, Elena Mishchenko, spoke especially for MK-Real Estate about how to minimize the risks associated with possible encumbrances and postponing the deadline for obtaining a new apartment, and how to get the maximum benefit.

The first thing you should pay attention to when buying a house for demolition is its location, especially if it is located in New Moscow. Within the boundaries of the “old” capital, in exchange for a demolished house, the owner receives housing in the same area, in the New – there are no restrictions on location. And they can resettle here in any part of the district.

The second factor is the demolition date. Obviously, the closer it is, the lower the supply, and therefore the higher the cost. But, as the practice of many owners of renovation housing shows, the dates turn out to be floating and can shift either to an earlier or later date. Therefore, it is not always worth giving preference to overpriced houses of the first wave.

The cost of apartments in renovation buildings ranges from 10 to 15 million rubles, depending on the “appetites” of their owners. On average, the price is 10-20% higher than similar options for secondary housing that are not subject to the city program. Moreover, the “added value” is determined not only by the year of demolition, but also by the location.

For example, in the Khoroshevsky district, you can purchase a one-room apartment with an area of ​​31.2 square meters in a house for renovation, located ten minutes from the metro station of the same name, for 12.5 million rubles. And an apartment with an area of ​​30 square meters in a building not included in the renovation program, six minutes from the neighboring Polezhaevskaya metro station, will cost 10.8 million. The difference in the same area is 13.6%.

Renting out an apartment will help partially compensate for the overpayment for housing until the house is demolished. The monthly rent payment in Khrushchev-era apartment buildings in Moscow averages from 40 to 80 thousand rubles. Even if demolition is planned for the latest date, closer to 2030, until this point the owner has the opportunity to reimburse up to 60% of the amount spent on the purchase. To get the maximum amount of profit, it is better to consider renovated apartments or carry out minor cosmetic repairs yourself.

The next important point is checking the object. “There are no special features when dealing with a renovation apartment. In fact, this is an ordinary “secondary” with all its advantages and disadvantages. When buying housing for demolition, you need to make sure that no strangers are registered in the apartment, all utility bills have been paid, the owner has no outstanding loans and microloans, privatization has been formalized, there are no legal defects in the documents or other encumbrances,” recommends Elena Mishchenko.