When purchasing a home on credit, it is important to remember the additional costs that accompany this process. Elena Mishchenkohead of the city real estate department at NDV Supermarket Real Estate, emphasized the need to take into account various factors in purchasing real estate on credit.

Additional costs include state fees for real estate registration, property valuation, as well as bank and realtor commissions. The expert clarified that the total amount of such expenses depends on the loan amount and is usually about 1.5 percent.

In addition, it is important to calculate the size of your monthly mortgage payments in advance. Mishchenko advises considering the possibility of taking out a loan for a maximum period, with the subsequent possibility of early repayment as income increases, in order to avoid additional overpayments. Monthly payments should be comfortable for the borrower and not limit him financially.

It is also important to understand what actions with the apartment are unacceptable during the mortgage period. For example, renovations and inclusion in a will are permissible, but transfers by deed of gift and alterations are prohibited. “It is also not always possible to register other persons in the apartment if this is not provided for in advance in the contract,” the specialist emphasized.