Where to buy cheap houses under 500 million?

Buy a cheap house under 500 million VND where? – 500 million is indeed not the ideal amount to find a home that meets all requirements. However, it is not impossible to buy cheap houses under 500 million. Here are some suggestions Market hot news for you, stay tuned!

Experience in buying and selling houses under 500 million VND

In order to buy a cheap house under 500 million without difficulty, you need to equip yourself with certain experiences. Specifically as:

The first is thanks to the support of relatives or banks

Borrowing money from relatives is always a safe solution. Therefore, you can mobilize capital from relatives, if not, you can borrow capital from banks. For example, borrow another 1 billion within 20 years. Based on the current interest rate fluctuating at 10.5%, you need to pay about 12 million/month for interest on the principal. Depending on each bank, different preferential packages or interest rates may apply.

SEE ALSO: Real estate investment strategies for people with little capital

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Can choose a remote location but good traffic infrastructure

Currently, land prices in the central area are very high. So if you buy an apartment or buy a cheap level 4 house 500 million, it is difficult. Or you will have to borrow more to buy, then the pressure of principal and monthly interest will be great. Instead, you can choose an area a bit far from the center, as long as it has convenient traffic.

Don't wait until you have enough money to buy a house

Real estate always has different ups and downs, sometimes up and sometimes down. But the reality is that current housing prices are always higher than in the past. If you wait until you have enough money to buy, it will be difficult to keep up with the speed of the increase in house and land prices. This will make buying a small house under 500 million also extremely difficult for you.

Don't miss the areas under construction

Often places with complete residential infrastructure, the price will also be very high. Housing prices also fluctuate according to the progress of infrastructure. So you don't have to worry when buying houses in a place that is in the process of being built. Although initially there will be a bit of noise and trouble, but gradually, your life will be more comfortable. When the infrastructure is complete, you will have "savings" because at this time, the price of housing in the area will increase.

Legal always comes first

Buying and selling a house under 500 million is not easy, but if you can find a suitable land or house, the legal factor is still the top priority. You should find out if this type of real estate is in the planning area. How is the red book? To verify you can go to the ward or the cadastral office to find out planning information. A less expensive and time-saving way is to find out about the surrounding residents.

>> What should you pay attention to if you are interested in buying real estate? : Can I buy a house under 500 million, what should I pay attention to?

Where to buy cheap houses under 500 million in Ho Chi Minh City? Ho Chi Minh

Buy a house under 500 million Ho Chi Minh City in Thu Duc

In Thu Duc, investors can refer to projects such as:

Dat Gia Residence is located in the administrative center of Thu Duc with prices ranging from 500 to 1 billion.
Or Linh Trung apartment is located on 6th - 8th street, 16th street, Linh Trung ward with prices ranging from 12.9 to 15.6 million/m2.
The apartments located right by the river at 4S Riverside Binh Trieu project, Hiep Binh Chanh ward, also have a pretty soft price from less than 500 million to slightly higher.

Buy a house under 500 million Ho Chi Minh City in District 8

District 8 today is also one of the high-priced districts in Saigon. With the advantage of being adjacent to many key districts such as Districts 1,5, 7 and 4, prices have also increased sharply in recent years.

However, there are still residential projects, apartment buildings or buying a low-priced level 4 house at 500 million is still possible. If you search hard, the price range of 500-700 million will still have a small house in District 8.

Buy a small house under 500 million in Hoc Mon

Hoc Mon is one of the richest and most abundant real estate sources. With a mid-range price tag, it's easy to find a cheap, fully-furnished house in this area. Under 500 million, you can refer to houses with an area of 40 - 60 m2. Some suggestions you can refer to are:

The apartments are around Nguyen Anh Thu and Ba Diem streets.
New urban areas in Xuan Thoi Son, Xuan Thoi Thuong have a floor price from 210 million.

>>> Read more: Prestigious real estate forum – Top 3 free and most effective real estate websites

Epilogue

Above are some tips and areas to buy a cheap house under 500 million that you can refer to. Outside of Ho Chi Minh City, provinces far from the center such as Binh Phuoc, Binh Duong, and Long An are all good suggestions for you to look for a house under 500 million. Please refer to many sources such as reputable real estate websites, relatives, friends or brokers to find the right house.

Besides investment channels with dozens of risks, you can refer to investment support capital for project development businesses. Investment holding company Construction Truong Gia is one of the businesses that help you double your income with great cooperation opportunities.

Profitable cooperation with businesses, you will get: