Is it worth waiting for the reconstruction of “Khrushchyovka”?

In Ukraine, the issue of reconstructing old residential neighborhoods, particularly “Khrushchyovka,” is being actively discussed. Although the government is developing legislative initiatives for this process, apartment owners in such buildings should carefully assess all risks and opportunities before making a decision.

Legislative initiatives and their limitations

Olena Shuliak, the head of the relevant parliamentary committee of the Verkhovna Rada, emphasizes that Bill No. 6483, which is being prepared for its second reading, provides for the granting of equivalent housing in terms of area and number of rooms to apartment owners in “Khrushchyovka” during reconstruction. Specifically, the bill stipulates that owners of housing in buildings subject to reconstruction will be provided with “equivalent housing in terms of area and number of rooms, regardless of the number of registered residents.” This is intended to ensure that owners do not lose their living space as a result of the building’s renovation.

However, the real conditions may be far from ideal. For instance, even if equivalent housing is provided, it may be located in a different area or have different architectural designs, leading to additional expenses for repairs or even extra payment for “excess” square meters if the developer builds a larger apartment. This can create a significant financial burden for residents, especially those already in a difficult financial situation.

Duration of the reconstruction process and lack of guarantees

According to Olena Shuliak, the issue of updating the old housing stock in Ukraine has been discussed since 2006, but to date, none of the proposed projects have been implemented. This indicates the complexity and length of the process, which can drag on for an indefinite period. Owners of “Khrushchyovka” may find themselves in a situation where their buildings will wait for reconstruction for years, significantly reducing their chances of improving their living conditions shortly.

Olena Shuliak emphasizes that the state is finding it increasingly difficult to sustain old, inefficient buildings like the “Khrushchyovka”. This means that such buildings may still be demolished in the future, but without specific guarantees that owners will receive equivalent housing or financial compensation. In the capital’s “Khrushchyovka,” about 40% of the residents are pensioners. If a person agrees to pay extra in advance but then fails to do so, they may no longer be able to move into the apartment assigned to them. Given the scale of the process, many residents of old buildings may find themselves without a roof over their heads, especially if the state does not provide additional protection mechanisms.

Alternative: profitable sale on the DOMOVA platform

In contrast to these risks, the DOMOVA platform offers “Khrushchyovka” owners a real alternative. DOMOVA allows owners of apartments to combine efforts for the joint sale of the entire building to investors or construction companies, which can significantly increase the value of the property. The uniqueness of the platform lies in the fact that it allows owners to set their prices for their apartments, as well as offering transparent and flexible sales conditions.

DOMOVA also provides an opportunity to avoid lengthy bureaucratic procedures and the uncertainty associated with waiting for reconstruction. This is especially important in a context where legislative processes can be prolonged, and the possibility of receiving compensation or new housing remains highly uncertain.

Selling an apartment on the DOMOVA platform appears to be a much more profitable and reliable solution for “Khrushchyovka” owners who want to quickly and without unnecessary risks maximize the benefit from their property.