The idea of buying a house or even building one has now settled in your mind in the form of a decision. You will now go through the finances, choice of location with your family and the sort of house you need. You may be interested in getting a condominium, a flat or an independent house, etc. But one decision that you will have to make is whether you wish to buy a newly constructed house or an old house. There are many pros and cons to both these options. Here are some pointers that should help you in your quest for the right house -
* Make sure that the old house is not too old and the construction is solid.
* It is always nice when something comes up to your expectations. In an old house, you would know already that a certain switch should not be turned on or that the air conditioner needs to be serviced annually. You would know such details of an old house through the person selling it or through your estate agent and you can prepare accordingly.
* On the other hand, a new house has many untold secrets and unexplored faults which are yet to be discovered and dealt with by you. Several issues can arise in the form of flawed wiring, suddenly bursting pipes and unplanned financial adjustments for the repairs.
* The newly constructed houses will have the contemporary architectural design of your liking. The old houses will reflect the old values that might not suit your lifestyle.
* Old houses have elegance, solidity of character and a charming architecture that cannot be replicated.
* If the new ones are made of the latest technology and building material, then they could be safer and more durable than the older ones.
* The facilities provided in the old house must be checked for. The lack of these might affect your lifestyle. Even the storage capacity of these houses, may not satisfy you sometimes.
* Old houses are usually in safe neighborhoods, surrounded by common facilities like shops, parks, transportation, etc. The landscaping and the gardens would be an incentive in the old house. New houses may exist in the outskirts of the city and may be a bit isolated, especially due to the township projects.
* Old houses could come cheaper, as compared to the new ones. It might be able to satisfy you in all the aspects, like - architecture, construction, storage, facilities, etc. So do consider that before you decide to buy a new house solely because it is new.
* Old houses are also available for purchase right away, unlike the old ones that make you wait.
* The new houses could impose more taxes on you.
The best way is to build a house and customize it according to your needs. But this is a painstaking project that would require you to be too patient due to the time taken, the unnecessary delays, hassles and stress. You must choose the better option according to your attitude and needs.
Author Resource:
Hong Leong Garden will be revamped into a new mixed development up to 12 storeys of residential and commercial units. You can find out more about other new launches in Singapore at Propertychatter.
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