Lifetime dependent support
Often a citizen or even an entire family does not have their own home and is not able to save up for real estate. The ideal option to solve the problem would be a rent agreement with the condition of lifetime maintenance of the owner.
The contract is concluded with pensioners on the condition that people take on an elderly person as a dependent. Before signing an official document, you should read all the details very carefully. What responsibilities will the owner take on? Most often, this is payment for housing and communal services, payment for food, treatment, purchase of clothing for a dependent, etc. The contract is of an unlimited duration and terminates after the death of the apartment owner. Thus, you won’t be able to count your expenses.
How to save up to 260,000 rubles on buying an apartment
If you are officially employed, and have not yet exercised your right to receive a tax deduction when buying an apartment, building a house and compensation for mortgage interest, then you can return 13% of the cost of the apartment (maximum 260 thousand), and this really works.
Every officially employed citizen of the Russian Federation has the legal right to receive a tax deduction for the purchase of an apartment, for whom the employer deducts monthly income tax from his work activity in the amount of 13%. In the same amount (13%), a citizen can return the money from the purchased property.
Your maximum limit for income tax refund from the purchase of an apartment is 2,000,000 rubles (for your entire life). You can return 13% of this amount, i.e. 260,000 rubles and nothing more. The right to a tax deduction is granted to a person once in his life, but if the value of the property does not reach 2 million, the refund can be issued in several visits.
There are two ways to receive a deduction: at the end of the year for which the deduction is received, by receiving the entire amount from the tax office, or during the year for which the deduction is received, by underpaying the tax and receiving a deduction from the employer (or other tax agent).
Video: How to get 260,000 + 390,000 rubles from the state? Tax deduction
So before buying an apartment, get officially employed so as not to lose the opportunity to return the tax deduction.
State support
There are a number of well-established government programs that help you purchase real estate without money.
These include:
- "Young family";
- "Maternal capital";
- "Dwelling";
- “Providing housing for young families.”
State support is designed for various categories of citizens, but priority is given to:
- large families;
- people who do not own any housing;
- people whose living conditions do not meet space requirements;
- if a family with a child lives under the same roof with a citizen with mental disorders.
Mortgage
The most popular way to buy a home without money is a mortgage loan. More and more Russian citizens are taking out a mortgage. For reference, in 2020 the mortgage lending market is expected to increase to 3 trillion rubles. But what to do if there is no money for the down payment, which is usually 15-20%?
Attention! There is a simple solution. You just need to take out another loan from the bank and make this money as a down payment. At the same time, it is not necessary to go to another bank for a consumer loan; everything can be processed in one bank. This scheme is called double credit.
The only barrier that may arise is that banks give loans only to solvent clients. Therefore, this method will work if you have a good “white” salary.
Why you shouldn't get involved with a mortgage
Now there is an opinion in society that it is unrealistic to buy your own home with an average salary of 40,000 rubles (or a little less), which is why mortgage lending has become so popular.
According to a sociological study by the Public Opinion Foundation for 2020, more than a quarter of Russians have a mortgage on their housing. And according to the Credit History Bureau, the number of late payments for this type of lending increased by 20% in the same year.
Few people who take out a mortgage realize that they are overpaying the bank for two more apartments. Not everyone can bear the credit burden, as statistics confirm. In addition, despite advertising statements, in practice, every year banks tighten mortgage requirements: the size of the down payment, age, salary level, number of dependents, etc. Mortgages with state support were canceled in 2020, which already says a lot.
Thus, it becomes more difficult to purchase your own home with a mortgage, and there is only one option left - to save up. There are, of course, other ways. Such as maternity capital, loans from friends and relatives, etc. But I do not consider them, since their implementation is limited by many circumstances and cannot be relied on.
New housing in installments
Developers who are just starting out are trying with all their might to establish themselves well and attract clients. They sell real estate, offering various discounts, promotions, and bonuses. Developers offer to buy an apartment in installments - that is, pay some part of the money at the first stage, and pay the rest over a certain period of time. An installment plan is not a loan, so no interest is expected to be paid. Thus, this is another method that allows you to buy real estate without money.
Before you put your signature on the installment agreement, you should pay attention to 2 nuances:
- what will happen if the amount is not paid on time;
- how the process of transferring ownership from the seller to the buyer will take place.
How to earn money for an apartment in Moscow
This question worries not only Muscovites themselves, but also those who come to conquer the capital and literally work their whole lives to buy at least some square meters for themselves. I would like to clarify that an apartment, even in Moscow, can become yours if you use effective methods and strategies, know how to accumulate funds and set financial priorities. Among the most basic ways that allow you to make money on real estate, I’ll highlight:
- Find a person for housing (judging by the number of advertisements on the Internet, this area is so competitively complex that it is almost impossible to get into it);
- Save on rent (for example, work as a nanny and live with employers);
- Initially, invest in a new building, and until the house is completed, live in another cheaper city and gradually pay off the entire amount.
Of course, these are not all honest methods. For those who do not have their own real estate in the capital, the lion's share is consumed by housing rent, as well as transportation costs, so everyone tries to save on what they can.
What do you need to know?
When considering options for purchasing an apartment when there is no money, remember the following tips and recommendations:
- You should not break the law, trying to get a free apartment - this will certainly lead to disastrous consequences.
- After the wedding, the couple can apply for a cross loan. Its essence lies in the fact that a woman is given a loan for a down payment, and a man takes on the obligations for a mortgage loan.
- By putting a third of your income into a deposit, you can save up for a down payment on a mortgage in an average of 2 years.
- It is more profitable to save money for 8-10 years for an apartment than to take out a mortgage loan.
Where to get money: examples
Calculating monthly deductions and meticulous, “penny” accounting of earned funds is not the main thing. The main thing is competent and subtle motivation.
The following situation is considered a failure – suddenly you decide to save up for an apartment on your own! The idea of saving money should be thought through and weighed slowly. It is born from the answer to the question - why do I need this?
It’s not just that you think, for example, that it would be nice to have your own corner and therefore the thought comes to mind where to get money for an apartment. No! Real motive! The one that will make you jump up as if scalded by boiling water and mobilize all your strength to realize your plans!
Each person has his own motivation and below I will explain with examples why. However, there are ways to maximize a person’s concentration on achieving the goal.
Example No. 1
The family lived in their parents' apartment with other relatives. Three generations tried to get along at the same time. Even a friendly team and relatives are not able to accept and understand life on a few square meters.
Growing tension and the need for my own space served as an impetus for motivation. Mortgage loans did not inspire confidence, and then the idea of accumulating funds arose.
Example No. 2
The couple received an impetus when they did not have their own housing and had to rent housing on their own (expensive and unsafe). The constant change of residence did not bother me much at first, but when an unpleasant incident occurred with the drunken brother of the owner of the apartment (he threatened to kill).
Having his own key, he easily entered the young family and friends! This incident made young people think about their own housing.
That is, motivation is determined by a powerful stimulus that can throw you off balance and lead to scary situations. This is an incredible and effective way.
Example No. 3
This is my example, but although it does not entail accumulating the full cost of an apartment, but only a down payment, I will still include it in the article. I recognize the motivation described above, but I would rather call my case an incentive.
And he appeared just when, on the 8th rented apartment (in which I lived for an average of 2 years), the owner of the apartment once again came to collect the rent and gave me a month to find a new rental property.
That was a serious kick! This is not motivation - it is incentive. And he lashed my patience, pride and kindled the desire to stop this kolobok life..
Stimulus in Dr. In Egypt they called a stick to which an ox's tail was attached and slaves were whipped with it
And an important way to solve the question of where to get money was found by itself - this is teamwork!
Let's be honest - we are a divided people. I often observe this situation among people living near me, although I often encounter exceptions.
Many of us cannot get along with family and friends, although this is the potential (and it is the only one) that can seriously help us in solving problems.
This does not mean that you run to your relatives to complain and beg! No! This means that your family helps you survive! Remember just above what I talked about motivation?
Here's an example, basic plans to have a family and children - that's your motivation. This does not apply to everyone, of course, but only to those who are thinking of leaving a mark on this Earth..
So, let's get back to the question. The work of accumulating funds for real estate is not possible without fulfilling an important condition - a close-knit team. Money can only be collected with the participation of all family members, since the income will fall on the shoulders of two or even three people at the same time.
It may not just be you and your spouse. These could be your parents, grandparents, aunts and uncles, and even close friends.
Remember about the younger generation - they are also affected by any problem in your family
