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News.World-Estate.com - Which is better to acquire: a house or a flat? 2009-01-05 10:08:08

www.world-estate.com

 

The top executives of the Lithuanian Parliament as well as the media representatives constantly declare the economical crisis, this way creating fear in the society. Having heard many talks about the crisis, it even worsens the economical situation – people withdraw their deposits from the banks and decrease the consumption. Having observed the market, News.World–estate.com considers the situation in the real estate market to be beneficial for those who are willing to acquire a new house or a flat. One can acquire a new accommodation place approximately 10-20 percent cheaper compared to the previous year.

However, what should you choose – a flat or a house? Both have certain advantages and disadvantages. If you buy a flat, it will be easer to reach the most important places such as kindergartens, schools, shops and the office. What is more, the rates are lower. On the other hand, such disadvantages as noisy neighbors, car parking headaches and foul air must also be taken into consideration.

Well though, if you choose a house, you will have your own space and will not have to worry about the neighbors, though communication will worsen as well as the rates will increase.

You should not forget that those who live in the suburbs have problems with communication network which is not enough expanded. It is quite expensive to install internet connection or a desirable cable TV as it is possible only through the wire connection or through the satellite. In flats there are no problems of this kind.
 
Another criterion is the safety of the accommodation place. In flats robberies are less common as many neighbors live around. If you will want to insure you home, insurance costs will reach as much as 20 Euros for a flat and 30 Euros for a house per month depending on the country. Signal installation will be as well more expensive at a house as there are more rooms.
 
While you are thinking which type of accommodation should be chosen, you should also take your marital status into consideration. If you have children and you would like to live in a house, such problems as bringing your children to school might arise. However, local transport might be very helpful in this situation.

If you go trough World-Estate.com database intermediate possibility between a house and a flat could be a building with several floor, two staircases and a few neighbors. Such flats are built not far from the city which makes it easy to reach. Also the environment is quite easy as well as the number of neighbors is smaller compared to a flat in a town.

Another alternative could be a cottage house. Living in a house divided into to flats or in a cottage house you could have your own garden, garage and neighbors who are not very noisy. What is more, heating costs would be smaller.

By the way, choosing a new flat is worthy only if you have your own money as it is not the most suitable time to take bank credits. Interest rates are higher than say a year ago.

Even with smaller real estate prices you should not hurry to buy a new accommodation place. During the crisis the prices will drop even more. However, certainly this will not last forever.

 

http://News.World-Estate.com

 

 

Source: http://News.World-Estate.com
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