Here is the story of buying the home of Nguyen Manh Hoang, 40, who lives in Ho Chi Minh City.

In early 2007, I started to get the first plug in Saigon after 3 years here and 7 years to work. At that time, I was a mechanical engineer, working in a garage, salary about 12 million / month. I sometimes work outside, do business this thing but not save much, single.

I lift the floor, the door, bathroom furniture, kitchen, paint scanned again 120 million. In 2008, Saigon real estate entered a new wave of fever, naturally there are many people to buy. Seeing my house paid high, I decided to sell, earning 870 million.

I'm going to buy a house again. After seeing all sorts of houses and apartments, old houses, new houses and vacant land, I finally got an old house in a small alley on Dien Bien Phu Street, District 10. The landlord has long since abandoned it. The house is determined to sell in order to take care of. The house is only 30m2, a ground floor, a floor, 950 million (2009). I spent more than 200 million to repair, build an additional floor and buy furniture. In early 2012, people pay 1.6 billion, I sell again, because I was bored in the alley.

The sale of the house, plus the accumulated amount of the couple, I bought a two-storey house of 35m2 in a car alley in District 5 for 1.8 billion. I left 200 million repair, build another tum. My husband and I are still in the house, we have not moved to a new home, someone paid 2.5 billion, I sell.

We rented a year, until 2013, I found a house in District 10 and fit in with his pocket money. The house is 41m2, initially there was only a ground floor and a mezzanine, then I changed into a 3 storey house. Since then, I have not moved since my child has started school, I do not want to move to another school. However, I still donate money with acquaintances, buy three more old houses, repair and re-sale to make a profit.

From my reality, I find that if you take the effort, buy second-hand house and then repair will be much cheaper than buying a new home. However, you need to choose the house with solid foundation and claw, otherwise it will have to be rebuilt completely, then the cost of building repairs will be much higher.

Determine the house must be repaired, so the house papers must be adequate, to obtain a repair license, built easily. I have a friend, bought an old paperless house, until it was knocked out, can not be rebuilt again. If you plan to fix it right after the purchase, you can ask the seller to repair the repair documentation, which will save you more time and effort.

When repairing a house, I often ask the designer. Therefore, my house after the repair is very beautiful, who is interested in and ready to buy immediately.

 

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