Buying a home is one of the most important decisions an individual make in his entire lifespan. Home buying is expensive, research oriented and very future decisive as it will be there for years to come and you will be raising a family there. Seeking professional advice is a great option as it involves monetary and legal complications. However, when it comes to investing “new house vs. old house which is better” is an obvious question and the choice is pretty clear according to Sankalp group’s extensive research and customer feedback. We are here examining why new construction is always a better option.
- More Functional – old constructions are often made to cater the needs of previous owners or are obsolete in today’s world. New construction on the other hand is in alignment with current trends. The fixtures, layout, appliances and overall look and feel of a new home is far better and long lasting then living in an old house.
- New homes are sold for a fix price – when you buy a newly built home the only factors that affect price are cost of land, cost of construction, cost of appliances and fittings/amenities, commissions of builders/agents and cost of legal formalities. But, when your opt for an old construction there are no direct builders involved and a bunch of agents are trying to sell the property to the highest bidders. Old houses are usually located in older suburbs and people are willing to shell huge money to acquire a piece of land hence, the cost is unjustified for a buyers who just want a descent home for his dear ones.
- Lower maintenance cost – contrary to popular belief, maintenance of a new home is relatively less as most of the things are new and typically under warranty. Moreover, when you move into a new house you do not have to worry about new paints or house remodeling for years to come which can significantly save money as compared to an old house which will require recurring expenses time and again.
- More functional – a new home usually comes with modern and practical space usage where optimal utilization of space is carried out such as small office, study rooms, kid’s room and dedicated space for household chores such as laundry and storage. New homes are receptive to technology so upgrading to better surveillance, internet connectivity, smart appliances and home automation is easier.
- Modern Living – If you are constructing a new home by yourself or getting is done by a second party you can make enhancement as per your wish without putting in much extra cost for example cost of a terrace garden in a new construction hardly impacts your pockets, where as creating a terrace garden in an old house can deeply impact your pockets as it will require heavy water proofing and remodeling.
To sum up, new house vs. old house which is better ? old constructions are good if you want a property in an already established locality where real estate prices are high or you have a taste for classic realty but, if you are budget home buyer and looking to raise a family, investing in a newly constructed house is going be the smartest decision.
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