If you are planning to buy your new home, it is important to ask
yourself the following question: Should I buy a new property or an old property?
Both offer some benefits worthy of being considered, although they also involve
certain risks. Here are some of them.
INVESTMENT
Both new and old properties are expensive. Classic and old-fashioned properties
tend to have higher prices due to their location, that is to say, their
proximity to busy areas, parks, schools and other amenities. By the same token,
depending on their size and luxury services, new properties are also usually
expensive, but if the property has not been refurbished, the price could be lower
than an old property.
QUALITY AND AMENITIES
Pros
In terms of construction, old properties are resistant. Many of them
have survived for decades, and have endured natural disasters, since many of
them have been built by artisans who meticulously sought perfection for
details.
On the other hand, new properties are also made with the purpose of
guaranteeing durability. In this sense, new owners will not have to worry about
remodeling. In addition, they offer everyday appliances in good condition and
other amenities such as gym, parks, laundry, and doorman.
Cons
The probability that an old property needs to be repaired is high. In
the case of houses, chimneys and floors could be inclined. If a house was built
before the construction of sewer systems, the latrine can overflow. In
addition, they could have flaws in the wiring or electric system.
LOCATION
Unlike new properties, old properties are usually close to entertainment
venues. Besides, they are located in central areas of cities.
In conclusion, both options have many strengths and weaknesses. Nevertheless,
before making a decision, we recommend to analyze the conditions of the home
you want to acquire with a professional, depending on your needs.
