A lot of confusion and decision-making is involved in the process of property purchasing, this is especially true for first-time homebuyers.
If you are a newcomer in the real estate market buying either your first home or your first property investment, the most common and confusing question is- ‘build a new property or buy an established one?
We the Investn Group present this article with core points to be considered when deciding on ‘new vs old’ to help first-time home buyers with their decision-making process.
An ‘Established Property’ is a property that has been occupied or owned for more than 6 months by someone.
A ‘New build property’ is one that has been newly constructed and refurbished and has never been lived in before.
Like everything in the world, established properties have a lot of advantages and disadvantages. First-time property buyers need to decide by measuring all the points and matching them with their budget, needs, family, and financial position.
At Investn Group, we have found there to be many pros with regard to purchasing a New Build Property.
Consider the following questions:
These are the questions that helped our many clients at Investn in purchasing their ideal first home or property that would work best for their individual circumstances.