How to save money on buying real estate?

Experts of GEOLN.COM share life hacks on how to save money on buying real estate.
Published at 20/07/2020

The cost of housing, of course, directly depends on its location. The more promising, closer to the center or other strategic objects of the city district – the more expensive the price per square meter. But experts say that here you need to take into account a number of nuances that are not obvious at first glance.

First, it is necessary to take into account the growth potential of large megacities. Therefore, investing in a relatively inexpensive new building on the outskirts of the city should take into account the fact that in 3-5 years this area will grow even further, and your home may well be in the center of it.

How to save money on buying real estate? — Advices from experts and reviews of real estate on GEOLN.COM. Photo 1

Secondly, the floor, on which the apartment is located, is of great importance. As a rule, the lower floors are cheaper by about 15%. At the same time, the main criteria for life, such as layout, quality of construction, service and other important nuances – remain identical with apartments located on the upper levels. Therefore, if you do not care much about the view from the window and far – fetched considerations of "prestige" - this can significantly save money.

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Diana Kabakci

The leading expert of the real estate market in Georgia
Education: MBA
Sphere: Real estate / Investments / Lawyer
Consultations made: 250
Expert on countries: Cyprus, Georgia, Kazakhstan, Poland
Known languages: Russian / Georgian / English / Turkish
Experience: 14 years
Expert publications: 678