GTX Triple Subway Station Villa vs. Ordinary Gyeonggi-do Apartment, which is your choice?
I have financial concerns.
help me!
to be with you
There are two concerns today.
Then shall we go?
Worry No. 1!
Location is good but
Old apartment…
Should I buy it? VS or not?
* Family situation: dual-income family with two children
* Area: Bundang
* Building condition: Built over 30 years ago
We rented for two years and moved every time. Now that my first child is 8 years old and starting elementary school, I am looking into buying a house, and I am looking at construction in Bundang.
There are no immediate problems with the house, but I am concerned about water leaks and the old building, so people around me say it is too old and advise me not to buy it... I don't know where to ask, so I ask people with rich salaries. Is it okay to buy an apartment built regardless of the price?
Investment experts
It says this.
Investor A.
There are many things to worry about when trying to buy a home, and it is difficult to find a home that satisfies everything. From that perspective, the most important factor to consider is the number one important factor for our family. Please think about this carefully and know that even if a location is well-located, the price will inevitably rise due to high demand. This is because the value of the land is the only remaining value.
And find an apartment in a price range to purchase based on the funds you have and the loan level you can afford. It may be a good idea to expand the area where you can commute to and from Bundang, but there are older complexes, and compare them. If you think more broadly, there may be unexpected opportunities, so I hope you think about it carefully before making a decision.
Investor B.
In fact, Bundang is an area that many people want to live in for reasons such as work, transportation, school districts, and environmental development potential.
However, as you mentioned, since it is an old building, there will definitely be some inconveniences in living there. I don't know what other regions you are currently comparing, but since each region has distinct pros and cons, an objective comparison seems necessary.
In addition, it would be a good idea to consider whether the purpose of preparing actual residence is simply 'convenience of actual residence', which is the most important goal, or whether you want both 'establishment of actual residence and market profit as a means of investment'. This is because if you choose one option, there is definitely an opportunity cost that comes from not being able to choose the other option. I think the area and complex you choose will vary depending on your purpose of housing. I hope you think about it carefully and make a satisfactory decision either way.
Worry number 2.
Among conditions A and B,
which one
Should I choose it?
Condition A.
GTX Triple Subway Villa
* Sale price: 180 million won
* Current price: 230 million won
* Jeonse price: 160 million won
This is a villa that I sold when I had no knowledge of real estate or any intention of getting married. It is a double station area within a 10-minute walk, and is scheduled to become a triple station area when GTX opens in 2024. It is expected that the area behind the villa will be redeveloped and an apartment complex will be built in 3 to 5 years, improving the overall location.
Condition B.
Samsong, Goyang City, 5 years old new construction
Selling a 27 pyeong apartment
* Conditions: 520 million won
* Not near the station (away from the station)
* Current assets: Cash 200 million won
After buying and selling the villa, I met someone I really loved. When looking for a new home to get married, villas became an obstacle. The prospective spouse is suggesting that the house be sold since the house price has dropped significantly. Since I am thinking about having a baby, I am thinking of waiting for government support such as a newborn loan to buy or sell right now. However, I am worried that house prices may rise in the meantime.
Investment experts
It says this.
Investor A.
I would like you to sell the villa you currently own if possible. Because villas have to be sold when they are sold. So, first consider selling as a basic premise, and then…