How to earn money for your apartment without a mortgage: TOP 5 best ways to earn money + tips for saving money

Disclaimer

In this article we will talk specifically about legal and working methods that are NOT associated with risky schemes, gambling and other dubious methods in which people in 99% of cases lose money rather than save.

We know that there are a lot of stories on the Internet “how I saved up for an apartment with the help of Vasya Pupkin’s miracle scheme.” There will be no Pupkins in our material!

Only legal ways that do not require you to send your money to strange people and strange projects. Let's look at all the pros and cons, and find out which methods not only work, but also work quickly enough.

If you wish, you can combine some of these methods to speed up the process. And at the end there will be the most detailed strategy - almost a script. ?

No. 1 Long and reliable

A bank deposit is the most reliable, but, alas, the slowest method. But do not rush to consider it useless, looking at rates of 4% - 6% (and most importantly, do not rush to invest in dubious companies offering significantly larger amounts. Reliable investors are now on the fingers of one hand, and 90% of companies offering a higher rate the key rate of the Central Bank of the Russian Federation will simply disappear at some point along with your savings).

Your solution is to constantly replenish your deposit and use the so-called “compound interest” as leverage. You can find out how it works (and calculate the total) using our calculator.

4% per annum on a deposit of 20,000 sounds pretty sad. But if you report 10,000 rubles every month, even with this percentage, by the end of the year you will have around 143 thousand in your account. By the end of the second – 270-odd.

Still not enough, right? Especially if you are interested in how to save for an apartment in Moscow. It's OK. Let's move on - now we will figure out how to increase these amounts. But first, let’s figure out what can be done if you have a fairly impressive amount on hand.

Get a job on a rotational basis

In search of high earnings, it is not necessary to go abroad. Highly paid jobs for qualified specialists are offered by domestic gas, oil or gold mining companies conducting developments in the regions of the Far North. What is needed here are drilling foremen, general workers, experts in pipeline laying and maintenance of processing equipment, truck drivers or special equipment.

The premium for harsh climates is quite high: a salary of 120 thousand rubles is considered normal, while professionals receive up to a million for six months. Anyone who is not afraid of frost and has good health should go to work in permafrost areas (Yakutia, Taimyr, Chukotka), where you can earn money for an apartment in just a few years. Video on the topic

No. 2 Quickly, but with caution

Investing – there are a number of companies that you can trust with your funds or even start investing yourself. It sounds tempting, but before engaging in this area, we advise you to study all the materials in this section.

In general, profitable investment offers exist in:

• MoneyMan
• Opening Broker
• Sberbank

MoneyMan attracts investments to issue microloans. Moreover, unlike many other “colleagues”, it does not offer you to take on problems with lending, customer verification, etc. You simply deposit funds like an ordinary investor, and at the end of the agreed period you receive them back along with the interest pre-specified in the agreement. The figures turn out to be nice - from 10% per annum.

Opening Broker is already an older league. For those who have spent some time and understood the basic issues of investing. And we strongly advise against rushing headlong into the mysteries of such investing. Here you will have to spend at least 3–4 months on education and be guaranteed to “kill” your first small investment in order to figure out what’s what. The end result could be a nice profit. The main thing is to understand that this is also a savings format, and not roulette, where you urgently need to “bet everything on red and win.” It doesn't happen that way. And such stories always end sadly.

Sberbank offers quite clear investment instruments. Including investments directly into Sberbank itself. This is also a good option for saving up for an apartment if you have a good starting capital (from 1 – 1.5 million), but you absolutely do not want to take out a mortgage, or they simply won’t approve you for the amount you need yet. In general, profitability can reach up to 10–15% per year. True, it doesn’t change from year to year and there may be a period of slight minus.

These methods are only suitable for people who have free funds. Financer.com warns: ! Under no circumstances should you take out loans for such investments ! Under no circumstances should you choose any of these options without reading the relevant expert articles. ! Under no circumstances should you invest your “last money” in this way, and even in its entirety.
Never put all your eggs in one basket.

Five options to buy an apartment without a mortgage

If there is an urgent need to purchase housing on such terms, if you have an average income, you cannot rush. You will always have time to get yourself into a bad situation for 25–30 years by signing a loan agreement. Psychologists say that such a debt pit is reminiscent of serfdom in its emotional content. A person wraps himself in the chains of slavery, wanting to instantly achieve material benefits.

Living on the “patrimony”, the borrower must buy back his home every day with hard work. Buying with a loan is selling your future, because everyone in your head will be thinking about paying the required amount by a certain date.

It is much easier to assess your own needs and find a solution to the problem without the help of a bank. Advertising tries to convince that taking out a mortgage is profitable. They constantly explain to us the necessity of an increase in the cost of housing, the depreciation of money. Sometimes the thought arises that you will have to pay mere pennies. All this is thoughtful marketing leading to financial enslavement.

Analyzing reality using the examples of the last 10 years, one can see that prices for housing stock on average in the Russian Federation have remained at the same level, and even tend to decline. The reason for this phenomenon is due to the following factors:

• Low purchasing power of citizens;
• Increased competition in the field of construction;
• Constant increase in consumer prices.

All this leads to the fact that the average social class of the population is no longer able to buy housing even with the help of credit products.

Let's look at one example of the real estate market in the Irkutsk region. In 2000, a one-room apartment there was valued at 2,500,000 rubles. But now similar housing is already offered for 1,500,000, they even offer discounts of 200,000 and organize all kinds of promotions.

The salary level in Russia remains similar to what it was 7–8 years ago. A monthly income of 20,000 is considered the norm. Only in Moscow there are high rates. Even in the Northern capital, only specialists with higher education can receive a salary of 30,000 rubles.

Summing up, we can say that having taken out a mortgage, you will have to pay off 10 years later, having the same income of 20,000 monthly, but you will need to spend more on food and utilities. The level of official inflation will remain virtually unchanged.

With mass layoffs due to economic crises that regularly occur every 2-3 years, it is easy to imagine a future existence a couple of decades into the future. How to change the situation and what it is advisable to do:

• Making a profitable purchase in big cities is not so easy.
• During this period, we will have to abandon the “comfort zone” (it is different for each family: living together with parents, living in communal apartments, renting housing).
• You will need to look for additional income that will improve the family’s situation and allow you to pay off your mortgage faster.
• Use the methods of earning money described below to pay off your debt.

Method No. 1. Conclude a lifelong maintenance or annuity agreement

One option for purchasing housing is caring for a single elderly person. To do this, you need to enter into an agreement with him so that after his death the property becomes yours. The lifelong maintenance agreement includes the following responsibilities on the part of the housing applicant:

1. Providing the elderly with proper care;
2. Providing people with good nutrition;
3. Provision of medical services.

The rental agreement also obliges the caregiver to pay the landlord a monthly allowance. Then you are not obligated to take care of the old man. Despite the fact that this is one of the most attractive ways to get housing from an elderly person for free, there may also be pitfalls here:

1. The ward can always terminate the contract if he is not satisfied with your content.
2. The owner of the home can live quite a long time. In this case, it will be more profitable to decide to save money to buy an apartment.
3. Caring for a stranger requires a lot of endurance and patience from you.
4. His distant relatives may show up from the outside and also apply for housing without a mortgage. Then there will be a need to defend your rights in court.

Look at the same topic: How much does it cost to check the legal purity of an apartment before buying it? Is it possible to check the apartment yourself before buying?

This method is recommended for those who are confident in the adequacy of the pensioner, the absence of loved ones and their self-control. It is advisable to draw up a rental agreement with a lawyer and have it notarized.

Method No. 2. Borrow money for an apartment from relatives or friends

If your relatives have some savings and therefore want to help you in this situation, then this is a good solution. It will help you purchase a home without incurring loan obligations.

Advantages of this method:

• The ability to repay debt in installments over a long period of time;
• No interest.

To purchase real estate without a mortgage using funds from relatives, it is advisable to write them a receipt indicating the following information:

• Passport details of the lender and the person borrowing funds;
• For what period is the loan intended?
• Amount borrowed;
• Loan repayment schedule (there are different options here - monthly repayment or repayment of the entire debt after the due date);
• Borrower's signature and date.

Method number 3. Sell ​​other property to get an apartment right away, without a mortgage

When your family with children is huddled in a Khrushchev-era building, then it makes sense to sell the apartment at the same time as the dacha in the near Moscow region in order to significantly improve your living conditions. Always remember about state social support for families with children.

To buy a home without getting into banking bondage, you can use maternity capital by adding your money to it. But be sure to take into account some features:

• The benefit amount in 2020 was 453,026 rubles;
• Only families who have had a second and subsequent children can receive such assistance;
• You cannot use maternity capital until the child is 3 years old;
• No amount of cash is given to purchase an apartment without a mortgage (young families are given only a special certificate).

This paper must be presented during the process of completing a real estate purchase and sale transaction so that the state can transfer the specified amount for you. More information about the use of maternity capital can be obtained from the nearest social security office.

Method number 4. Buy real estate in installments in a house under construction

The cheapest way to start buying a home without a mortgage is at the foundation pit stage. Many developers offer to make a down payment of 25–40% of the cost of the proposed housing, and pay off the rest in installments until the property is put into operation.

The cost of the apartment is indicated in the purchase and sale agreement or the shareholder’s participation in shared construction. After this, the citizen ceases to worry about any fluctuations in the cost of housing.

When using this method, you cannot make a mistake in choosing a developer. To do this, it is advisable to read reviews on the Internet, look at the official website of the construction company, and talk to those who have already completed similar activities with this developer. It is necessary to make sure that there are no significant claims regarding the timing of construction completion or the quality of finishing work.

Method No. 5. You can buy an apartment without a mortgage by saving up for it

Financial analysts focus on the fact that if adults with average earnings buy housing (a two-room apartment) in region 2, they will have to put aside 40% of the monthly salary and save it for 5–10 years. You will need to simultaneously limit yourself in food, rest, shopping and paying for certain services.

In this matter, everything will depend on the region where the property is located and the area of ​​the desired housing. However, purchasing real estate through this option is still more profitable than taking out a mortgage loan.

#3 Safely, but with effort

Obviously, in order to quickly save up for an apartment, you need to either increase your income or reduce expenses.

• Especially for you, we have compiled a selection of tips on how to save without harming yourself and your family. The overall list includes more than 100 items, and absolutely everything is there – right down to savings on housing and communal services. Surely you will find something new and unusual there for yourself.
• To increase your income, we strongly advise against taking a second job - the first one may also suffer. The best option is to find a part-time job with piecework pay and a flexible schedule. Currently, there are dozens of freelancing services with a need for a wide variety of services. The most popular are “Profi” and FL. For those who know the language, Upwork is also suitable.

What to do with these “super-incomes”? Decidedly put everything (100% and without tricks) into a special account opened for savings for housing.

#4 Legal, but not obvious

You don’t always need to save for an apartment. The survey showed that more than 70% of Russians are not aware of possible promotions and benefits that they can take advantage of.

Starting information, for example, for families with children can be found here and here.

In a nutshell, today there are many subsidy options and federal assistance options. Especially for young families, couples with children and those who live in cramped conditions.

The best way to save money is to know your rights!

No. 5 If you already have housing

Some people are attracted to mortgage loans, while others are downright frightened. But when it comes to improving living conditions, this may be a good option, due to the fact that the purchased property can be rented out for some time. And at the expense of rent - to repay loan payments.

Considering that the minimum percentage is now only 5.5% (and experts predict an additional reduction in the coming months), even registering 2 - 3 million will allow you to actually completely pay off payments through rent.

No. 6 If you have no housing

In a situation where you rent an apartment, the mortgage option may also be more profitable. With a high degree of probability, you will pay approximately the same money, only for your home.

If you live in a free hostel or similar place, consider starting with a more modest purchase - don’t immediately go for “two-room mansions in Moscow.” Firstly, prices are constantly rising. You can get into a vicious circle where you save all the time, but you always don't have enough. Secondly, it has its own territory - its own rules. Once you get even a room of your own, you will see how much easier it will be to build up your “financial cushion”.

You will become calmer. Once you get a certain result, you will have more confidence in your abilities. Your personal efficiency will increase, and with it your income.

Is it possible to earn money for an apartment in a year with a salary of 15-30 thousand rubles? per month

In order to understand how to earn money for an apartment with a small salary, you need to analyze your expenses and decide on the parameters of the desired apartment.

Let’s say right away that at the moment we are not considering housing in Moscow or St. Petersburg, since a salary of 30 thousand rubles in these cities is unlikely to be enough for a family to live, not to mention savings.

Therefore, with such an income you will have to buy an apartment outside the city or in small towns.

So, a one-room apartment in good condition costs 2-2.5 million rubles .

Having a salary of 30 thousand rubles , you will have to give up your own car and rented housing. You will have to live with your family for a while and switch to public transport.

8-9 thousand rubles on food . If a family of 2 people – 17 thousand rubles.

For public transport and other minor expenses – 5 thousand rubles.

8 thousand rubles remain

We calculate and determine how much you will have to save for an apartment worth 2 million rubles.

2,000,000/8 = 250 months or 20 years

If there are 2 working people in the family, then about 10 years. But remember that during this time you will limit yourself in everything. And with the advent of children, spending will increase.

As you can see, you won’t be able to collect 2 million rubles in a year with a salary of 30 thousand rubles, even if you don’t spend a penny. But you will be able to save up for a down payment on your mortgage. To summarize, let’s say that if you really want to have your own living space, then it is vital for you to look for a part-time job or change your current job.

No. 7 Detailed strategy for the most prudent

1. Pay off all debts as quickly as possible - firstly, this will reduce your stress. And the less stress, the more productivity. Secondly, any savings are pointless when you are constantly pestered by disgruntled creditors.
2. Plan your expenses so as not to live on bread and water - most often the idea of ​​savings is frustrated due to the fact that people “tighten their belts” too much and life in such conditions becomes unbearable.
3. Start saving at least 5% of your salary - if you use the saving tips in the link above, you will be able to do this without much difficulty.
4. Start by investing in the most reliable ways - the deposit will do.
5. Add investment options – first, with the principle of “don’t put all your eggs in one basket.” Secondly, the more accumulated funds, the more opportunities open up.
6. Think about buying the property that will be the first to be available - yes, this may not be the right option yet, but you will already be able to generate additional income from rentals. And then you can simply sell this home and buy another one.
7. Make a clear financial plan - in 90% of cases, haphazard savings lead to nothing.
8. Break a large goal into small ones - this also helps not to get distracted and not give up.

Increasing your income

To quickly implement your plans, having a main job, you need to find a part-time job or an alternative source of income. Here you need to find an option that is more acceptable to a particular person.

Some run their own website or blog or run a small business. Finding additional profit increases the buyer's potential, helping to quickly solve the problem of purchasing real estate.

Creating passive income on the Internet

In practice, there are many cases when a website or blog becomes a family business that provides serious income. All that remains is to compare current offers on the Internet market, discover your own niche, take a master class and start doing full-fledged work. Western analysts suggest that people who want to improve their financial situation look around and figure out what else they can offer themselves.

The Internet provides great opportunities for earning additional income. There are a considerable number of copywriting exchanges. If a person has writing talent, a high degree of literacy, or the ability to organize a team of authors, this is an excellent option for improving their financial situation.

Look at the same topic: Mortgage in MTS Bank in [y] year - review of mortgage programs

Moreover, this activity does not require spending time on daily trips to work or torturing yourself with hard physical labor. It is enough to engage in this activity in your free time, and use the earnings from it to buy an apartment. Another option is to take out a consumer loan for a home and pay off monthly installments using funds from passive income on the Internet.

Buying an apartment with a mortgage and renting it out

Taking out a mortgage and then paying monthly installments from the proceeds from your rental is a viable option. But it is acceptable only to those who have other real estate in which they can live until the loan is closed. If the apartment you are purchasing is located in an attractive area (near a university), then the likelihood of renting it out will always be high.

Difficulties will only arise if the housing is located far from the center with its developed infrastructure. Then the cost of rent will decrease significantly, and it will be more difficult to cover loan costs in case of unstable leases. The situation is similar with small studio apartments.

They are convenient for students to live in due to the low cost of rent, but a family with a stable income will not settle there for a long time. We cannot ignore the fact that moving tenants into the premises inevitably entails damage to property. To compensate for further costs, it is recommended to include in the contract a requirement to pay an insurance deposit.

Taking into account all such important circumstances, it will be possible to acquire ownership of the premises in 15 years, subject to the permitted early repayment of the loan. The advantage of this option is that rental payments will be a separate source of income, without interfering with the main income and contributing to family prosperity.

Obtaining a mortgage loan secured by existing housing

This method is the optimal solution for people with low income, which is not enough to apply for a loan. If the borrower has his own home with a small area where many people live, or if he needs to change his area of ​​residence, then such real estate can be used as collateral for a loan from the bank.

But there are some restrictions - the apartment should not be under an encumbrance: collateral for other credit obligations, arrest or other restrictions.

Organization of a business with high income

In order to make a profit, you need to go through a complex procedure for registering a business, as well as have initial capital. But in practice, this is just an established belief, and completely groundless.

To register the simplest form of an enterprise - LLC, you need an authorized capital of only 10,000 rubles. Moreover, these costs can be divided among all co-founders of the organization, of which there may be many.

By attracting a large number of co-founders to your business, in the future you will have to depend on their opinions when making decisions. As profitability increases, material claims will appear. To buy a share from someone, you will have to pay more than the initial contribution of the co-owner. It is better to work for yourself and your family than to feed strangers.