Should You Buy a New-Built Property or a Second-Hand Property?

Written By Nicolas Romero Hermundstad

When buying a home, the choice between a new-built or second-hand property depends on your priorities, budget, and lifestyle. Here’s a quick guide:

Benefits of New-Built Properties

  • Modern Amenities: New builds feature updated designs, energy efficiency, and smart home tech.

  • Low Maintenance: Everything is brand new, often with developer warranties.

  • Customization: Personalize finishes and layouts during construction.

Drawbacks of New-Built Properties

  • Higher Cost: Typically more expensive per square meter.

  • Delays: Off-plan purchases may face construction delays.

  • Location: Often in developing areas with fewer amenities.

Benefits of Second-Hand Properties

  • Lower Price: Often more affordable with room for negotiation.

  • Prime Locations: Found in established neighborhoods with amenities.

  • Character: Unique architectural features and larger spaces.

Drawbacks of Second-Hand Properties

  • Higher Maintenance: Potential for repairs and renovations.

  • Less Efficient: Older systems may lead to higher utility bills.

  • Limited Customization: Harder to tailor without renovations.

Which is Right for You?

  • Choose new-built for modern features and low maintenance.

  • Opt for second-hand for charm, character, and prime locations.

Evaluate your needs and budget, and consult us today to make the best choice for your future home.

Nicolas Romero Hermundstad