How to save up for an apartment in Russia and is it realistic to buy a house with a salary of 30,000 rubles

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Purchasing an apartment with the help of a mortgage loan in Russian realities is already a large-scale event. Even if your salary allows you to make mortgage payments without problems, there is still a question of how to save up for a down payment.

Some have to spend more than half of their lives on savings, and many remain without their own homes. In this article, I have collected the most useful information on how to save up for an apartment in the modern conditions of our country. To not procrastinate, let's get started!

To understand how to save up for the purchase of an apartment and whether you need to do this at all, you should decide on the parameters of housing. Perhaps it looks like a waste of time and dreams, but if you approach the matter rationally, analyze the market and evaluate your capabilities, the result will bring a lot of benefits. You will reach your goal faster if you know where to go.

If you have a smart realtor in mind, you should pay him for a consultation. This will save you time that you would have spent searching for housing information and market analysis.

Remember, if you use the services of a real estate agent, you will have to pay an additional 2 - 6% of the price of housing.

So, you need to find the following information:

1. Characteristics of housing (number of rooms, layout, area).
2. Location (center, outskirts, outside the city; proximity to the station, metro or bus stop).
3. Acquisition options (installment plan, mortgage, maternity capital, down payment).
4. Own opportunities (the amount of accumulated funds, allowable monthly housing costs).

Having collected all the data, you can quickly assess whether it is realistic for you to buy an apartment without a mortgage. Consider an example: you have chosen a one-room apartment on the outskirts of the regional center for 2,000,000 rubles. The money you have accumulated is 500,000 rubles. You would like to become the owner of this property in a year. That is, in 12 months you need to accumulate another 1,500,000 rubles. This is only possible if you save 125,000 rubles a month.

If your salary does not allow this, this is not a reason to give up. Let's discuss other ways to buy a home with a small salary and options for accumulating the necessary funds.

Is it possible to buy a house with a salary of 30,000 rubles?

To answer this question, it is worth operating with real numbers. A medium-sized one-room apartment (about 40 - 50 m²) in the regional center costs about 2,000,000 rubles. Your salary is 30,000 rubles, but you cannot save it all, because you need to pay the rent of your current housing, spend at least on food and travel.

If you have a car, its maintenance requires additional expenses. The priority is housing, so the car should be sold, and the amount received should be put into savings. Renting an apartment in the same regional center will cost 15,000 rubles; you can spend about 8,000 rubles on food for one person. It turns out that every month it is possible to set aside only 7,000 rubles to the housing purchase fund.

How long will it take you to save up for housing, provided that the cost of rent, food and future apartment will be the same as your salary?

2,000,000/7,000 = 286 months (almost 24 years).

Another thing is if your family has two working people, then the prospect will turn out to be a little more rosy:

60,000 (total salary) - 15,000 (rent) - 16,000 (food for two) = 29,000 rubles. (monthly savings).

2,000,000/29,000 = 69 months (almost 6 years).

In fact, here is a step-by-step instruction for you to save up for an apartment without loans. But here new difficulties arise: can you guarantee that in 6 years neither of the two members of the family will change their mind; whether both will agree to give up entertainment all this time; how to manage without additional expenses; Is a one-room apartment enough for two adults to live?

Also, when calculating, we proceeded from the fact that for the entire time allotted for the accumulation of funds, the country will be in a state of a frozen economy: prices and wages will not grow. How to make money for an apartment for an ordinary person, we analyze in detail in another material. But if this is not an option for you, it may still be worth considering alternative ways to purchase a home and increase income.

5 ways to increase capital

Despite inflation, Russian citizens can use several opportunities to create additional income or increase the existing one.

1. Bank deposit

The easiest and most popular method of increasing capital. Now you can even create a deposit online without visiting a bank branch. Depending on the proposed conditions, currency, amount and term of the deposit, a bank client can receive 0.1 - 10% of income per year.

You can choose a savings (replenishable) deposit, the amount of which can be increased from time to time, or a non-replenishable one, from which money cannot be withdrawn ahead of schedule, but with an increased percentage of accruals. Banks offer a higher interest rate for a deposit in the national currency, but a deposit in foreign currency will be protected from rate fluctuations.

1. NPFs (non-state pension funds)

The principle of operation is similar to a bank deposit. The yield of such a deposit is 8 - 10% per year.

1. Mutual investment funds (mutual investment funds)

Such deposits are considered the most profitable way to increase savings. They are characterized by reliability, stability and increased profitability (30 - 60% per annum).

1. Renting out your own apartment

If you already own some real estate and just want to increase the area, then you can move in with your parents for a while or rent a cheap apartment, and rent out your own housing.

1. Renting your own car

Car owners can try to get additional benefit from their own car by renting it to work in a taxi service. On average, this can bring about 10,000 - 15,000 rubles. This option is suitable only for those who rarely use the car and are ready to put up with the presence of “strangers” at the wheel.

If you have funds, the amount of which is 500,000 rubles or more, then it is advisable to use several methods at the same time.

For example:

• make a bank deposit by depositing 200,000 rubles at 10% per annum;
• distribute between mutual funds the amount of 300,000 at 15 and 20%.

As a result, for the year you will receive 72,500 rubles of income, while minimizing the risks of losing invested funds.

Alternative ways to purchase real estate

Young families and families with children can count on government housing assistance programs. If you do not consider yourself to these categories of the population, then you can consider options with a mortgage and a joint purchase of housing. Let's consider these possibilities in more detail.

Social mortgage for a young family

If each of the family members has not yet reached the age of 35, such a family may qualify for preferential terms for mortgage lending. A special state program for newlyweds provides a mortgage subsidy. Its size directly depends on the number of family members.

When a family receives the status of needing to improve their living conditions, it will be necessary to collect all the necessary documents for registration with the city administration. It sounds promising, but it’s better not to flatter yourself and find out in advance how actively this state program is working in your area. Pay attention to how many families have already managed to become owners of compensation when buying a home.

Maternity capital as a down payment for a mortgage

At the birth of a second child, the state provides his family with the opportunity to use maternity capital as a down payment for mortgage lending.

Loan secured by an apartment

If you have a home that you want to change; if you just want another apartment and your current income doesn't allow you to get a mortgage, you can use your home as collateral when applying for a loan for a new apartment. But under such conditions, they usually lend at an increased mortgage rate. Remember, housing cannot act as collateral if it is seized or is already collateral for other loan obligations.

Renting an apartment bought with a mortgage

If you already have one apartment, but you want more, then an interesting option is available for you, in which you do not have to limit yourself. You can get a mortgage on an apartment, rent it out, and make mandatory payments from the proceeds from the rental of housing.

It should be borne in mind that with apartments in the university area or with studio apartments, this option is not particularly profitable, since students and singles are not the most reliable category of tenants. It is also worth considering that by renting an apartment, you doom it to wear and tear during operation, and property to damage. It is worth taking this into account when calculating the desired rent and be sure to indicate in the contract the need for tenants to pay a security deposit.

In 10 to 15 years, you will be able to become the owner of a second apartment of your own without having to limit yourself in something due to the repayment of mortgage obligations.

Life annuity agreement

Some couples find lonely older people owning real estate. With such a person, you can enter into a life maintenance agreement, according to which the couple or person will take care of the elderly owner of the property, provide him with everything he needs, and in return receive housing rights after the death of his owner.

Although the cost of maintaining an elderly person is much less than the cost of an apartment, this method is associated with a high risk of losing investments. Typically, life annuity agreements assume that the owner of the property can terminate the agreement at any time, and no costs to the other party are reimbursed.

Also, in some cases, such an agreement can be very difficult to fulfill, not only physically, but also morally.

Conclusion

We have analyzed the most realistic ways to purchase housing in modern Russia. If you have already had the experience of such a purchase, be sure to share in the comments! Have you taken out a mortgage? What difficulties did you face?

We hope this material was useful to you. Very soon we will also discuss how to buy an apartment in a new building and what is needed to register a new home as a property. If you don't want to miss out, subscribe to updates. See you soon!