Real Estate

How much is the down payment on an apartment and how can you save to pay it?

Down payment of an apartment

You are getting closer and closer to fulfilling the dream of having a new home, thanks to different opportunities that companies like Vínculo Desarrollo Inmobiliario offer for the down payment of an apartment.

You can finally have your dream home, and best of all: your own! But before you start to materialize your project you should know everything about the payments.

Do you know that to have your own apartment you must start with the down payment? Do you know how much this is? If you don’t know, you shouldn’t worry, because in this article we will tell you everything you need to know about the initial fee, how to save it, some tips that can help you and the payment method that you can implement while booking a property in blue world city Islamabad.

Before you read this guide on how to save for your down payment, you should know the housing project that has revealed to you. At Vínculo Desarrollo Inmobiliario we have VIS projects in Caldas, Antioquia, an area strategically located in the south of the Aburrá Valley, which is achieving greater appreciation for its rural and safe environment, and which is increasingly being welcomed by families who move to this area of ​​the Metropolitan Area.

How much is the down payment for an apartment? Locate your ideal home.

With Vínculo, you will pay the initial instalment of the property you wish to acquire in modest monthly instalments, from the moment you separate your home, until the delivery of your future home.

The down payment of the apartments is determined by the housing projects. However, in Vínculo Desarrollo Inmobiliario, the average of this fee can be between 30% and 40% of the total value of the property.

To know how to calculate the down payment of the apartment you want to buy, it is important to look for a home that meets your expectations of cost, location and, of course, your income, so you can be clear about the amount of the down payment that will be required when you go to Make the purchase.

How to calculate the down payment of an apartment

 The amount of the initial instalment is quantified taking into account the total cost of the apartment, on average this percentage is 30%, the remaining 70% can be obtained with a bank for a mortgage credit modality and taking advantage of the different types of subsidies of housing.

How to start being disciplined?

Buying your new apartment is one of the most wonderful experiences you can have in your life, to achieve it you must be constant with the saving of your initial fee, assign a specific amount that you can save each month, allocating a certain amount of money to achieve your goal.

Get organized, make your process much easier and visualize the dream that you want to fulfill so much.

Tips that you can follow to effectively save the monthly money of your initial fee.

These are some of the tips you can follow to effectively save the amount to pay the monthly allowance for your initial instalment:

  • Plan all of your finances
  • Establish what will be the monthly amount that you intend to save.
  • Save any extra income you can.
  • Eliminate some purchases and expenses that become unnecessary.
  • Don’t spend more money than you can earn.
  • Save severance payments as a form of savings.
  • Plan what your expenses are below your income.
  • Pay off the debts that are earning the most interest first.

These tips to internalize the habit of saving are necessary, not only for the payment of the initial instalment, but to understand how to pay an apartment in instalments, because after starting the purchase process the challenge is to maintain a fixed strategy, according to type of credit or financing that you have chosen and achieve the home title deed process.

You should also bear in mind that with the savings and using the severance payments, the value of the monthly payments may decrease.

For this, it is also important to choose a project that gives you a long term to pay the initial fee, most VIS homes grant a 28-month term, but it is possible to have up to 3 years to pay the initial fee. You can find project from Tajarat properties.

The way to pay your initial fee.

Usually, the initial instalment of the apartment you want to acquire can be paid from the moment you make the separation until the moment of delivery of the house. With Vínculo you can access payment terms much longer than usual, which go in projects such as Voláre Golondrina, with a 40-month term; Up to 50 months for the initial term with Serranía Campestre.

You can pay your initial financed fee.

Regarding No Vis homes, there is the possibility that banks, or financial entities or construction companies can finance your down payment in fractions. However, you should consider whether this option meets your needs and demands.

It is, in this sense, how with Vínculo you can fulfill your dream of owning your own home, accessing the advantages that we give you for access to the opportunities we offer to pay your down payment and more.

Benefits of buying off-plan apartments in 2020.

Buying an apartment off plans in the middle of 2020 is a project that is more profitable and much cheaper. It is to be able to acquire a property through a construction plan and a design that is being executed in progress, and to be able to know, first-hand, the initial adjustments and the projections that have for the construction of the real estate project.

Among the elements that constitute the purchase of a home on plans there are two very important factors that must be taken into account when starting a project of such magnitude; these are:


One of the advantages of buying a home on plans is that you have the possibility of paying for the property in instalments, a situation that becomes, first: a relief for the buyer’s pocket, and second: it puts the buyer in an advantageous position. customer, since you are thinking about your economy and the needs that, as a consumer, you have in your daily life.

Low fees

It is important to know that if you are looking for a property to buy, it can be much better to pay low monthly payments that will make the project of acquiring an apartment a reality.

This is possible today with the facilities that exist to acquire a home, among them we find: subsidies, interest rates at very low levels and the possibility of paying the initial instalment in instalments with financial figures such as fiduciary.

One of the advantages of acquiring an apartment on plans is that if compared with a lease, the royalties, for this year, rose by 5.75%, while buying an apartment under this real estate figure allows the recovery of the investment, be it whether to use the home or not.

One benefit of buying an apartment on plans is being able to finance the initial payment of the house, which in a first sense can be 20%, 30% or of the total cost of the property, and that the remaining percentage can be financed through a bank.

Beyond these elements there are very important benefits and advantages that are found under the desire to buy an apartment off plans; let’s see what they are:

1. Confidence in investment

Buying a house off plans is much more profitable, since the property, after the completion of its construction, acquires a valuation.

Natalia Upegui, Comfenalco Antioquia’s real estate sales coordinator, affirms that: “Trust is the key factor in these businesses.”

2. Profitability and recovery of investment

Something that guarantees the purchase of an apartment on plans is the profitability of the investment, since the price of the property is defined at the beginning of the business and does not change, on the contrary, a property on plans is acquired at a much lower price, and when the apartment is finished it is valued and the property acquires a much higher price than the initially agreed, which is defined in profits for the buyer.

3. Design

One of the benefits of buying an apartment off plans is that you can propose modifications of finishes, location of zones, spaces that adapt to the specific tastes and economic capacity of the buyer.

4. Liquidity

Under this figure, facilities and a long payment period are offered, where the initial instalment of the apartment is paid in parts during the time that the construction of the property is delayed.

5. Personalization

One of the advantages of acquiring an apartment on plans is that it gives you control of the project over your personal preferences, that is, it allows you to request the plans of the property, details of the spaces, the materials that are going to be used, and the possibility of agreeing with the construction company how you would like to receive the apartment when it is finished.

How to fix an apartment in gray work

Knowing how to fix an apartment in gray work does not have to be a tedious task. It can even become a short-term goal to decorate and finish the finishes of your own house, obtaining surprising results that will economically and sentimentally value your home.

And even better, designed entirely according to your own taste and style.  Nowadays it is easy and also possible to make finishes for an apartment of these characteristics within reach of the pocket.

Something that would give joy and satisfaction to feel like the owner of a home in which you contributed a grain of sand and that was, in part, designed by yourself: a home for the family and the future of the children.

According to the Colombian Chamber of Construction (Camacol), the increase in the supply of gray works, which in Colombia is close to 90% and in other areas such as the centre of the national territory, which is 95%, has forced families to that include within their accounts an additional sum to finish the finishes of their homes in gray work.

Buying a new home is now easier. You can get housing projects in sabaneta on plans and in gray work, which you can adapt to the style that you like the most.

With the aim that you can find out the necessary information to finish your apartment in gray work, at Vínculo Desarrollo Inmobiliario we have compiled some data that can be very useful:

How much does it cost to fix an apartment in gray work?

Carrying out finishes in gray brick apartments, according to post-sale surveys conducted by Camacol, can have an average value of 17 million pesos in 68% of the people who bought a gray construction home in the city of Bogotá. Approximately 10.9% of the value of the home acquired.

In the case of VIS homes, according to the same Camacol surveys, 76% of people made arrangements for values ​​that were around 14 million pesos.

Keys to save on the finishes of your home in gray work.

We present some key points that you should keep in mind if you want to save when fixing your apartment in gray work:

  1. By being able to divide the apartment and distribute the positions of the different parts of the property, you can save by buying the materials that best fit your budget.
  2. You can play with exposed concrete, so you can save on materials if you are going to achieve the dynamism between the concrete and the way you will decorate the apartment.
  3. See that the electrical installations are in optimal condition.
  4. Make sure the sanitary facilities are where they were planned in the design.

By following these key practices, you can reduce the costs of future unforeseen events that you have not taken into account when finishing your apartment.

Tips for achieving inexpensive finishes.

 If you want to achieve quality finishes, aesthetic but that in turn do not go out of your budget, you should follow the following useful and practical tips:

  • Calculate a fixed budget and do not get out of it: it seems logical but calculating a budget will help you project the necessary expenses and eliminate the unnecessary ones.
  • Understand your needs: see what you can really add to the decoration of your apartment in gray work, if it is necessary, if you will use it and if it does not reflect an unnecessary expense.
  • Use temporary wallpaper: In many cases, the use of wallpaper can be, in the long term, much cheaper than using expensive paints.
  • Get creative with your use of curtains – choosing the right curtains can make your apartment look much larger and can take up space that you might be wasting on unnecessary decorations.
  • Use the lights to your advantage: the correct use of a set of lights can make your apartment acquire more elegance, without having to resort to buying expensive decorations that only take up space and waste your money.
  • Prioritize in the tiling: measure how much amount of tile you need according to the size of the pieces that most attract your attention and of course, under the measurements of your home or the areas that you are going to tile, whether they are the bathroom or the kitchen, like this you can avoid buying more than necessary.
  • Optimize resources when buying bathroom accessories: buy faucets, toilets and other bathroom accessories in combo, in this way you can reduce their cost. It also tries to think about how to save water consumption and make the best possible use of space.

How to decorate an apartment in gray work without going out of your budget?

You must establish some priorities that, in the medium term, will make your decisions the correct way to achieve the finishes of your apartment and do it in a way that does not exceed your established budget.

We show you some tips that you can follow to achieve your goal:

Monitor the work:

See how the walls, balconies, floors, windows, electrical and sanitary installations are.

Establish priorities:

Buy modular kitchens that can be adapted to the spaces of your home, buy accessories for your bathroom that are national (it will be much cheaper to get their spare parts), veneer the floor with inexpensive and aesthetic materials such as ceramic.

Calculate your budget and carry out the works little by little:

You do not have to make the adjustments to your house in its entirety at once, you can do it little by little and calculate the expenses that you are having.

 With these useful tips you can achieve an optimization in the expenses of your economic resources during the arrangements of your apartment in gray work, and the best, without going out of your budget.