Apartment for living or investing. How do we choose correctly based on the purpose of the purchase?

In our pursuit of a new apartment in In the chase after a new apartment in Sibiu we often tend to let ourselves be driven by emotions, losing sight of important long-term criteria. Given that for many of us a home is one of the most expensive purchases of a lifetime, the decision is often difficult to make and every detail must be studied carefully.

In today's article we decided to write about one of the main dilemmas of customers who want to buy an apartment for sale in Sibiu: how do I choose what is right for me, depending on the purpose of purchase?

The purpose of the purchase is definitely a determining factor in making the purchase decision. There are clients who come to our agency in order to buy a home for the whole family, but there are also clients who are happy in their home, but want to make a good investment in real estate. Let's see together how to make the right choice and how to see if an apartment is suited or not for an investment!

• What should we consider if the desired apartment will be our own home?
If you are looking for a new home, then you need to know your needs and those of your family very well and you need to learn to prioritize, because a perfect apartment for sale does not exist. What is perfect for one family may be inappropriate for another. One of the most common needs is to be close to work, school or kindergarten for the little ones. We also noticed that the location of the new home near the supermarket, pharmacy, hospital or other points of interest is desired. Every family is different, so the needs are also different. The choice is subjective.

• How do we choose an apartment for sale for investing?
If the purpose of buying an apartment for sale is to invest smartly in the Sibiu real estate market, then it is definitely good to pick an apartment in a central area, in order to rent as easy as possible at a good price. In this way, the amortization of the investment will be made much faster.
Next, we will make sure that the apartment we recommend to the client is close to schools, lyceums or universities, in order to be of interest to lyceum or college students. Also in case of an investment, the apartment should be close to public transport.

• Are rental apartment businesses profitable?
Yes! Definitely, yes! Buying a rental property is a business with a long tradition behind it, which will not disappear too soon. Real estate investments are one of the most profitable businesses on the Romanian market, they are being operated successfully also in Sibiu. Dozens of multinational companies that have opened their headquarters in Sibiu, as well as hundreds of students who come to Sibiu to attend faculty courses, generate great demand for apartments for rent.

• Do you want to invest? Choose the area correctly according to the tenants you want, but also to the number of rooms in the apartment.
First of all, the area is very important because it will be a decisive factor for the occupancy rate of the rental apartment. A good area with many facilities, with a good reputation in the city will have a longer occupancy rate. In addition, if the area is good, the rent will be higher.

Those who want to rent out a studio or a two-room apartment should know that the best areas to buy the apartment are those near public transport stations, markets, grocery stores, lyceums and university centers. On the other hand, 3- or 4-room apartments are mostly rented by families with different priorities: they need to be close to business centers, large companies in the city, well-rated educational centers in the city. It is also good to have parks, green areas or restaurants in the area.
If you consider all these aspects from the early stage of the investment plan, it will be much better. The decision to buy a certain apartment for sale in Sibiu will be rational and certainly the amortization will be done quickly.

• Furnished or unfurnished?
Most apartments for rent in our agency's portfolio are delivered turnkey, fully furnished and equipped. Of course, there are also situations in which the owner decides to rent out an empty apartment. According to statistics, it seems that people who decide to rent an unfurnished apartment are more stable. They will not move easily with the furniture to a new apartment and will take more care of the one they are renting.

Magdalena Gliga

Photo credit: shotterstock.ro
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