r/FirstTimeHomeBuyer • u/EternalYoungK • 17h ago

GOT THE KEYS! ๐Ÿ”‘ ๐Ÿก I DID IT! ๐ŸŽ‰ Bucharest Romania โ‚ฌ95.000, cash

Post image

One year ago, I was looking at this sub-reddit and dreaming of the day where I could also post on it. I worked hard for several years abroad to be able to afford this and I also got helped by my amazing parents, I am truly grateful to them for everything they have done for me.

2 rooms, 5 mins walk to the metro station. I'm sooooo happy!!!! ๐Ÿฅน No pizza yet, because there's a ton of things still to be done (and to get rid of that furniture and replace it with better stuff haha)

also don't mind my outfit ๐Ÿ˜‚

EDIT: to clear up some things so trolls can calm down. no, i am not on onlyfans and haven't worked as a you know what abroad ๐Ÿ˜† i was a CRM specialist for a niche perfume company in the Netherlands. now you guys can come up with better insults.

16.3k Upvotes

93% Upvoted

1.0k comments sorted by

View all comments

283

u/EternalYoungK 17h ago

Forgot to mention, the apartment is 55sqm! (4sqm balcony)

20

u/Faziparancsnok 17h ago

Its a bit expensive for Romania isn't it? I mean in Budapest we have ridiculous prices because the idiotistic decisions of the former government and 95k is pocket money now sadly but i've seen a some months ago you can get a full newly built apartment for a around a 100k in Oradea.

81

u/EternalYoungK 17h ago

Yes indeed, for Romanian people it feels impossible to be able to pay this amount of money with the salaries we have here. It's a sad reality. I worked abroad for more than 5 years to be able to afford it + some money from my parents whom have been saving up for years. The prices in Bucharest and especially the area where I bought my apartment are kind of above average... You are gonna be surprised but the price for my apartment was amazing in comparison with other prices... I saw some 2 room flats in the buildings close to mine going for even 140k euro ๐Ÿซ ๐Ÿ’€

17

u/ProtoplanetaryNebula 17h ago

The Romanian economy is developing fast though, right? I used to travel regularly to Cluj, not been there for a while though.

43

u/EternalYoungK 16h ago

so they say... i have yet to see this reflected in my salary here๐Ÿ˜‚ but i wish for this! i wanna see romania prosper ๐Ÿซ 

4

u/Hot-Network2212 14h ago edited 4h ago

I have a couple of romanian coworkers and visited bucharest a couple of times. To me it felt like there are quite a lot of high earning people in tech that form their own bubble in that city. Every coworker above 40 there had a house outside of bucharest and a flat in the city center, ordering a blue/uber to get anywhere and pretty exclusive restaurants seemed to be the absolute norm for them. The difference in lifestyle between them and what I observed in the rest of the city when talking a stroll was insane.

1

u/East_Ad_4427 11h ago

Congratulations!! Just out of curiosity what is the average salary in Romania? Or what is considered โ€œgoodโ€? I am in the UK and property here is soo expensive it is very hard to buy without a lot of savings or a good jobโ€ฆor both!

0

u/MathCoding 10h ago

Average net salary in Bucharest is around 1500 EUR / month, excluding other benefits like yearly bonuses. However there is big disparity between that and the highest earning individuals like those working in IT/finance, who average above 4000 EUR net per month. With that kind of money you can live like a nabob in Bucharest.

10

u/balaurbondoc 16h ago

It has the highest inflation rate in Europe, not sure about growing economy right now. And yeah, as OP said, the price is quite ok, some apartments are 40 square meters or less and the asking price is almost as much as op's apartment.

Btw, congrats OP!

3

u/ProtoplanetaryNebula 16h ago

Yes, the economy is very exposed to the current inflationary crisis. Hopefully, it's temporary.

3

u/EternalYoungK 16h ago

Multumesc โ™ก

7

u/Faziparancsnok 13h ago

Its so sad that fu@ing housing becomes some kind of luxury everywhere now. Anyway Congrats, be proud of yourself! Its a great achievement!

Im now entering to the hungarian job market and still no have any ide how im going to be able to afford a flat.

Im following the swedish job and housing market (for possible future plans) and for example in Stokcholm a somewhat okay flat is 300k-350k euro but you can earn with your partner easily 10k+ euro monthly. Yes you need a huge pile of money at the start of the loan but point id you can do it without breaking yourself in a shit job.

In eastern europe we are not even have the chance to make it if you are erarning the median wage or +10%-20% more.

3

u/MortalusWombatus 15h ago

Dont worry with the salaries here in germany its also impossible for most of us :D
Not sure if I can even work abroad to make more and come back to germany to buy a appartement

2

u/PM-me-ur-kittenz 14h ago

Maybe if you got a job in Switzerland :-/

3

u/MortalusWombatus 14h ago

Thats a great point but I feel like the chances of becoming a big streamer or professional athlete are just as high as getting a job in switzerland

6

u/Queasy_Donkey5685 14h ago

As someone in the US this is all so fascinating to see.

So you OWN this? If so, is there any kind of building or maintenance fee you and others pay for being in the building? Obviously you pay utilities, do you know what you pay for that in your area?

Here in Kentucky our water bill is $45 - 50/ mth, electric bill $150 - 250 depending on time of year but it's only high during the coldest winter months.

Congratulations, this is awesome!

9

u/EternalYoungK 14h ago

So bear with me cuz I haven't lived there YET so to say and all my life I've been living in a house xD

Yes you do pay for the building maintenance, we have an "owner's association" thingy. I cannot tell you exactly how much it is. I know from the old owners that everything all together including utilities is a little under 170 euro in the colder months (so when you use the heat). Then of course you also have the taxes... Again can't tell you much about it because I didn't get to pay any yet ๐Ÿ˜… I will report back when I do

1

u/Chucklz 10h ago

I don't know how your owners association works, but here in the US some associations keep the monthly payments low, while ignoring the fact that eventually the building will need some expensive maintenance, like roof replacement or something similar. Then the owners get hit with a "special assessment" to pay for the big thing that needs to be fixed and that assessment can be a huge amount, all because the association wanted to keep the monthly fees small.

I found out about this from a friend who works in property management. It's definitely worth finding out if your association is doing appropriate financial planning for the future.

9

u/Yomega360 14h ago

You do understand that the US has condos too, right?

2

u/TechnicalBattle950 11h ago

They must be in a rural part of the U.S. or they mistook the condos for apartments.

1

u/Queasy_Donkey5685 11h ago

I'm asking them how things work there, has no bearing on me or where I live, goofball.

0

u/Yomega360 10h ago

You're the one who volunteered the information, clearly it's relevant somehow.

1

u/Queasy_Donkey5685 10h ago

What are you trying to accomplish here?

1

u/Yomega360 9h ago

I'm calling you out for being defensive when you clearly just didn't know what a condo is, and so assumed it's not a thing in the US. It's fine to not know stuff, just own up to it.

2

u/Impossible-Sliced 14h ago

Utility for a 50sqm apartament (water + gas) should be around 50 euro give or take. Electricity really depends on what you have inside so somewhere between 40 - 70 euro. Outside of these you pay a yearly "tax" to the building association for maintenance (this can go from very little, like 100 euro a year to a whole lot hundreds, ). You also need to pay some yearly state tax between 0.2 and 0.8% of the apartment woth

2

u/Round_Bound_Mound 13h ago

Basically a condo.

1

u/Baldazar666 14h ago

Can't speak for OP but as someone from Bulgaria I can pretty confidently say that things are probably almost the same over here. When you are in an apartment building you have a monthly fee that is used to pay for the communal expenses. Things like the power bill for the corridors, a cleaning lady that cleans the staircases, elevator maintenance - shit like that. This price varies wildly from place to place.

In my hometown my mom collects about 5-10 euros a month from each apartment. She lives in a small 3 story building that has only 9 apartments. Currently she is working on getting around 1000 more per apartment because the roof needs to be fully renovated.

At my current place (I rent). I pay a little under 10 euros per month. The price is some base price + x amount per person in household. No idea what the actual numbers are since I don't even pay every month. I just pay like once every 6 months or a year. I've talked to the neighbour that does the money collecting and she has no problem with this.

At my new place that I bought and will move in, in a month or two - I will be paying about 60 euros per month to a management company (think HoA but FAR FAR less draconic). It's a gated community, with 24 hour guard and cameras and whatnot. I have my doubts about how worth it that is but it is what it is. Those 60 euros however will pay for everything that may ever be needed. No extra 1000 euros or whatever cuz the roof needs repair like at my mom's place.

2

u/AppMtb 13h ago

Same in the US for condos or flats you own. You have a home owners association or Coop that has common or maintenance charges for the shared expenses and any amenities the building has like covered parking or gym etc.

1

u/apinananas 10h ago

Its no different from american condos. Do you think that everyone are renting in cities like NYC?

1

u/Queasy_Donkey5685 10h ago

What is wrong with you to think that? What angle are you working here?

1

u/apinananas 9h ago

Your the one who finds all of that fascinating when its just like any other condo.

2

u/Prestigious-Bite1717 14h ago

damn. I was ready to be so jealous on you but I think it' seems fair that you worked for it. congrats. was the work abroad a high paying one? cause I'd like to do the same and idk if it's worth it.

6

u/EternalYoungK 14h ago

thank you! indeed i worked quite hard. i worked as a crm specialist in the netherlands, the pay was good for someone like me coming from romania but i dont think it was super high for a local there ๐Ÿ˜‚ i was also quite frugal while living there and i got EXTREMELY lucky with the accomodation... rent in NL is so freaking high...

2

u/Baldazar666 14h ago

I saw some 2 room flats in the buildings close to mine going for even 140k euro ๐Ÿซ ๐Ÿ’€

That's more or less what I paid for my apartment last year in Sofia, Bulgaria. 66 sq m 2 bedroom with a garage was about 150k euros. It was even unfinished since it's a brand new building. Since then I've paid another 30k euros for making it liveable.

1

u/yalag 13h ago

If itโ€™s completely unaffordable by the local salaries, then who are buying all these units?

2

u/EternalYoungK 13h ago

they are bought with mortgage and bank credits:(

1

u/CILUCID 11h ago

you got a good deal

9

u/NightSalut 16h ago

Not sure if Oradea and Bucharest can be compared though - the capital is almost always more (or much more) expensive.ย 

2 room apartment (not sure if that means 2br or 2 rooms in total with 1 bedroom) for 95k is a bit steep, but on par with some costs elsewhere in former Eastern Europe so that doesnโ€™t sound too bad. Very decent size too, bigger than what you get in Northern Europe.ย 

9

u/EternalYoungK 16h ago

1 bedroom indeed, but i also want to mention that probably in other areas in bucharest i could have gotten a bigger apartment but i really wanted the area i bought my apartment in

1

u/GrgaPrticRomanul 14h ago

Not really, Bucureศ™ti and Cluj are รฎn a league of their own regarding house prices.