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When buying real estate, often asks the question of buying in the new or in the old. Know that this choice depends on your budget, your lifestyle but also the time you have to move.

Buying real estate: new or old?

Buying real estate: new or old?

Buy new property

Advantages

When buying a new property, note that the first advantage remains the customizing your home: you have imagined it according to your lifestyle, your needs and your tastes, and this accommodation looks like you in every way. In the same way, this housing meets the latest standards in force, whether in terms of safety standards, standards of sound or thermal insulation, etc.
The financial advantage of a purchase in the new, is the notary fees are lower than in the old, since they amount to 2-3% of the purchase price of the property. Also note that with a brand new property, you benefit from the guarantee of perfect completion and biennial and decennial guarantees, who cover you in case of problem occurred in the housing. Finally, note that currently, there are many advantageous devices that encourage the purchase or investment in new real estate, like the Zero Rate Loan but also Duflot devices, Censi-Bouvard, etc.

The inconvenients

Before you start buying a new home, note that you must have the energy and time to face the construction of your property: we do not get a new home overnight, the construction can be long and delays are common, besides you will never have the guarantee that the contractor in charge of the construction is reliable. Similarly, if you are a fan of life in the city center, you will probably have to make a cross on this way of life because few new programs are born in the hearts of cities, they are generally located on the outskirts of cities.

Buy real estate in the old

Advantages

If you buy a property in the old, you will enjoy a wide variety of goods located in the city center, which may be essential for people wishing to enjoy the amenities (transport, schools, shops). Similarly, you can quickly move into an old property, since it elapses 3 months between the signing of the preliminary contract and the signing of the final deed of sale at the notary. Finally, note that when an ancient good requires important work, you can get a significant discount on the sale price, and you can then get a housing whose price is interesting, provided that the amount of work to be done is properly evaluated from the outset.

The inconvenients

Buying an old property also has some disadvantages, including having to consider work in the long term, in order to bring the housing up to standard (electricity, insulation, etc.), which can cost you dearly. Similarly, if housing has not been brought up to standard, current expenses may be much higher than in new property, such as gas and electricity consumption. Finally, note that the notary fees are high: of the order of 7-8%.


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