Where is the best place to invest maternity capital?

Maternal capital - how do you think the amount is small or large? You can only give an answer by analyzing what this money will be spent on. On the one hand, 600 thousand rubles is very good as payment for a child's education or as an addition to the mother's pension. But, on the other hand, the main problem now is real estate. And in big cities you can't buy anything for this amount.

Let's discuss where maternity capital is allowed to spend, and what are the options for buying real estate.

The law allows the use of the certificate funds only for their intended purpose - the education of children, funded mother's pension, improvement of housing conditions, treatment and rehabilitation of children with a group disability. All!

If you are thinking about how to use maternity capital, I will share with you several options that will be suitable for improving housing conditions.

1. Initial mortgage payment. This is the most common use case.

2. Repayment of the mortgage, i.e. part of the principal or interest. It does not matter whether the mortgage was issued before the birth of children or after, you can use the money of the maternity capital in any case. You can pay off part of the mortgage loan with the help of a certificate immediately after the birth of the baby, without waiting until he turns 3 years old.

3. Investment in building a house. But some conditions must be met:

• The land plot must be registered as an individual housing estate.
• It is possible to invest maternity capital in building a house only after the child is 3 years old. Or you can start construction earlier, collect all receipts, and when the baby reaches 3 years of age, apply for a refund.
• The money will be transferred in 2 stages. The first payment will be made after the application is submitted, the second - 6 months after the first payment. Employees of the PF RF must be sure that construction work is in progress.

4. Purchase of residential real estate. You have the right to buy any home, even if you have a living space and do not need an extension. The purchase of commercial property or land will not be approved. If you decide to buy a house, then the transaction will need to be divided into 2 parts - separately to buy land, a separate residential building.

5. At the expense of maternity capital, you can buy out a part of residential real estate, i.e. purchase shares of a house or apartment that belong to relatives.

When buying real estate, whatever it may be - a house, apartment, room, share - it will be necessary to allocate shares to children. Shares are distributed either equally among all family members, or in accordance with the proportions of funds spent and purchased square meters.