How to make money on an apartment?
Every person needs a roof over his head - free space, which he can consider his home. Given the current wages of post-Soviet countries and the market value of apartments, an average citizen will be able to buy his own housing in 15-25 years if he does not eat, dress, and spend material resources for other needs that time, which is an impossible task. In this regard, the article will consider some ideas on how to make money on an apartment with limited finances.
Credits, mortgages, loans
Three painful words that forever tie the bank and the borrower together. However, this method can not be discounted, as sometimes it is the only way out. Cons of this method:
- high interest rates (the apartment will eventually be 30-50% more expensive);
- bureaucracy, drinking from the borrower all the forces (the collection of certificates and documents can take months);
- pledge (real estate or valuable property);
- the provision of guarantors on request;
- payment of additional expenses (services of a notary, an appraiser, deductions for insurance, etc.).
But there is an unconditional plus - you can immediately start living in your apartment, without waiting for decades, until the required amount has accumulated. This is an acceptable way out for those who urgently need housing, as well as for people who have no career growth in their work and do not expect major changes in financial income.
Pay for my apartment
Quite an original way to make money on an apartment associated with a certain risk. If you are in the eyes of the bank a reliable borrower, then you can take an apartment on credit and rent it out to tenants. Thus, outsiders will pay a monthly loan fee instead of you. To implement this method, a preliminary agreement with the bank and a document that the financial institution has been notified of your actions and has no complaints about this is necessary.
Should we expect help from the state?
Employees of most budget organizations have low salaries and cannot expect at least an average income, but for some services there are special benefits (including loans) and the possibility to stand in line for an apartment.If you have not yet decided on your future profession, then this is also one of the options to have your own housing.
Your own profitable business will also allow you to significantly accelerate the accumulation of the required amount. Not confident in your own abilities - combine the process of business formation with the main job. When the invested money starts to beat off to zero or to give some kind of income, you can overestimate your work schedule and decide whether you are ready to intensively develop the started business. You may even be able to combine it with the main work.
Each person has a favorite hobby which, due to his enthusiasm, he does not consider as an additional source of income. And there are a lot of such examples:
- A person who understands the principle of the design of machines, devices and other equipment may, in his spare time, earn money on their repairs;
- A person with artistic skills must try to sell his creations for money;
- Do not be lazy to learn technology. At the moment, the Internet opens up unlimited opportunities for people to attract additional income, ranging from paid mailings of letters to millions of projects,who bring their creators a lot of money. Study one of the web professions, becoming a specialist in your business, and you will be provided with high-paying jobs with a flexible schedule.