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Cheaper to rent or buy an apartment?

  • April 6, 2018

Nowadays, a lot of young families are forced to live with parents or relatives, because buying a new apartment is not yet affordable. Housing rental, it would seem, is a way out, but more and more often thoughts about the classic style in the interior of your own apartment, about all those innovations that could be crank up in your own housing, and a cozy family nest in your home.

So what is still cheaper: buy an apartment or rent an equivalent?

Own housing has a lot of advantages, except already listed. This is the possibility of selling or leasing it, the opportunity to leave an apartment by inheritance to your children.

The rental of the apartment bribes its apparent cheapness compared to the acquisition of a new one, because for the price of the new one you can rent housing for approximately 20-30 years!

There is currently the possibility of acquiring housing on credit, the so -called mortgage program. Mortgage Calculator will help you calculate the maximum mortgage size, mortgage price compared to the average rate and a monthly mortgage payment value. Using this program, you can easily calculate how much the final overpayment on the loan will be.

An option when you can safely consider both a mortgage and rent – when there is money for the first fee, in which case the decision “buy an apartment” no longer seems so unrealizable. If the loan payments are approximately equal to the rental rate, then in this case the mortgage loan is absolutely justified and preferred.

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