How is Moscow Forshtat developing?

Although many people associate Moscow’s Forštate with not the best things, is it possible that this Riga microdistrict has good future potential? Looking at Google maps, the Moscow Forshtaet is marked from Origo to the Acropolis, offering a very wide spectrum of buildings. In this district there are both wooden buildings and pre-war buildings, there are even Soviet-era apartment buildings, as well as parks and easily accessible commercial buildings on Krasta Street. Although currently the microdistrict is still at the beginning of its development, it still has great potential. Both the location – close to the center, and the interesting architecture, as well as future projects in the neighborhood of the micro-district. More and more buildings are being renovated, which allows you to buy what is no longer available in the center at a very reasonable price. There are many factors to consider when considering the purchase of property in Moscow’s Forstadt. First of all, the overall condition of the house and how it has been maintained must be carefully assessed. It is also necessary to find out whether repair/renovation is planned at all and to check whether the building has not incurred a debt. This can be clarified with the building manager. It is important to pay attention if the building is a joint property that owns the largest parts of the building and to understand whether the owners of these largest parts are interested in maintenance and renovation processes. Another aspect to pay attention to when considering the purchase of an apartment in a pre-war or wooden house is heating. Is central heating available, if not, is there a desire to keep the wood heating, or still look for other solutions. As an alternative to wood heating, there is a gas boiler, however, it may have limitations directly in the construction. If the existing flues are already full of pipes, connecting a new gas boiler is not possible. An alternative is to run the outlet pipes along the facade of the building, however, this makes the whole process very difficult, because it is necessary to coordinate with the neighbors and there are still a number of additional tasks. Of course, there are always electric heating elements as a heating option, but even in this option it is necessary to make sure whether the electrical installations of the building are suitable for this load. In order to evaluate the potential of the investment, it is necessary to understand what the purpose of the property will be. Is it purchased for own use or to be rented out. It is possible that if you buy an apartment in a bad condition and carry out capital repairs, the final costs will be half as much as in an equivalent (size and location) apartment in an already renovated building. If the chosen property has a plan for its renovation (facade, stairwells, etc.), then in the long term it would be a successful deal. However, if the restoration of the property is not in the immediate plans, then it is necessary to understand whether it is really worth investing to put one apartment in order, while the overall condition of the building is only deteriorating.

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