Should I buy a new home
or an older home?
It's a question that
troubles many home buyers. Typically, new or primary are the ones which
are acquired directly from developers, and a resale or secondary homes are the
properties that have had a previous owner. Buying a new-build home can be a
great choice, no matter what stage you are at in life. Whether you’re a first-time
buyer, a growing family or retiree, there are lots of great new options out
there.
The Advantages of Buying a New Home
1. Affordability
Affordability is the
major step to be considered by home buyers. Potential property seekers may
prefer resale homes thinking to pay less, but they have to anticipate that
there are various other amounts to be paid like registration fee, transfer fee,
utility charges, etc. Also, resale homes require repair and maintenance. On the other hand, first-hand homes that are constructed in upcoming locations or
suburbs will cost you lesser when compared to resale homes in established
localities of a city.
2.
Maintenance
A new home will boast new
appliances, electrical systems, plumbing and more, all of which should run
smoothly for years without needing repairs. With an existing home, many of
these features may be old and outdated, not only requiring more maintenance but
potentially not working as efficiently either. Floors may slope. Buying a new
home means there isn't a chance of discovering a previous homeowner covered up
water damage or performed faulty electrical work. Because everything is new,
homeowners also shouldn't have to worry about replacing the roof, updating the
plumbing or making other major repairs for many years.
3.
Modern Conveniences and Energy Efficiency
Old homes were built for
a different era. Closet space and electrical outlets may be sparse. Plus, they
weren't built using today's energy-efficient materials and standards. A new
home may be more comfortable and convenient for today's modern lifestyle.
4.
Customization
Most new developments
offer buyers the opportunity to tailor elements of their new home to suit their
individual needs. From the exact layout and room options, right through to
small details like the kitchen tiles and carpets, you’ll be able to personalize
your dream home and make it work for you and your family. Some options may
incur additional costs, so be sure to check the small print.
5.
Bargain
If you get in early
enough, you may be able to buy your property ‘off-plan’. Many property developers and builders offer
this option, and in a nutshell, it means you’ll be able to study the plans for
your chosen development and reserve the exact home you want to buy. What’s
more, the price you pay when buying off-plan can be less than the property is
worth once it’s completed. So you could have earned equity in your new home
before you even set foot through the door.
Homebuyers have a lot to
consider when choosing between a new home and an existing home. New homes
certainly have their advantages, from their ability to be customized to their overall
energy efficiency.
We at White Avenue Real
Estate have the perfect home for you at prime locations in Abuja. Visit our
website at https://whiteavenuegroup.com
to find out more or you can visit our office at 5th floor Yobe
Investment House, Plot 823 Ralph Shodehinde Street, Central Business District,
Abuja. Call us on 09099582911, 08187845406
Susan Niniola
Customer Care Representative
White Avenue Group, Abuja
