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Property News

New property versus older homes - factors to consider

April 30, 2012

When looking at the opportunities available to new homeowners, there are two distinct characteristics that tend to set people apart from each other.

For some, the whole point of buying a home is that - once the house or apartment transfer is complete - they can just pick up their belongings and move on in with the peace of mind that the premises are sound.

On the other hand, there are those of us who relish a challenge and value the opportunity to get to grips with a new property in order to shape it to their needs.

For these individuals, the draw of a 'fixer-upper' is almost irresistible - with the promise of plenty of opportunities to turn it into a home that reflects their personality.

Luckily, with a number of older homes on the market today and the amount of new residential property developments, both parties are able to peruse the industry offerings at length before settling on a particular direction.

While newly finished premises need little in the way of restorative work, they often come in at a higher price - however, the funds saved by going for a less expensive dwelling may be consumed in the maintenance work they require.

This means that new homeowners need to be certain in both their preferences and financial capacity before finalising any transaction.

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