When deciding to purchase real estate, future homeowners face a difficult choice: primary or secondary market? And while used apartments may attract buyers with their attractive prices, it's the primary market that's attracting increasing interest from those planning to buy a home. What's driving this phenomenon? What are the characteristics of the primary market, and what should those deciding to buy directly from a developer keep in mind?
What is the reason for the interest in the primary market?
The vast majority of potential property buyers are interested in the primary market. This is primarily due to the ability to customize their chosen home without the need for any construction work, such as removing floors or walls. The developer's standard is characterized by pre-finished rooms, providing a good foundation for further renovations, while also allowing for the expectations of future residents regarding the choice of materials and style of the apartment.
Moreover, buyers of a property can often influence cosmetic technical aspects during the design phase. As part of so-called tenant modifications, they can request modifications to plumbing, electrical, and heating systems, as well as changes to the layout of partition walls or the choice of window color.
The condition of the building itself may also play a significant role in the decision regarding the primary market. Buying an apartment A used property, meaning one whose location is already several years old, may raise concerns among future owners about the condition of the property and a possible increase in rent due to insulation or facade work. Meanwhile, in the case of a new property, its location should also be clear – after all, the apartment building or apartment building has just been approved by the building inspectorate.
Check: Why is it worth buying an apartment on the primary market?
Primary market – not only developer-finished apartments
It is also worth mentioning that the term "primary market" should be understood not only premises in developer standard, but also turnkey apartments, meaning you can move into them immediately after receiving them. The advantage of fully furnished apartments is, above all, the short waiting period for move-in. Property buyers don't have to devote time to the construction project themselves, nor do they have to supervise a selected construction team.
Turnkey apartments have another advantage – they allow you to influence the arrangement without involving the apartment owners in any renovation work. NUX Apartments We take care of both creating a comfortable space and transferring the project's assumptions to the living space.
The primary market, like the secondary market, will have its ardent supporters and its absolute opponents. However, it must be admitted that despite the many advantages of used apartments, new premises provide an exceptionally comfortable base for creating a space fully tailored to the individual needs of its occupants, regardless of whether we arrange it ourselves or with the help of a professional. professionals.