Should you buy a new building or an existing property?

Once the decision to buy property has been made, the only remaining question is whether to opt for a new build or an existing property with a history. Both types of property have their drawbacks, but also offer specific advantages.

Despite the challenging market conditions with rising interest rates and inflation, many people dream of putting down roots by buying property. At the moment, this isn't a bad idea, especially since real estate prices have fallen in recent years.

Mammoth task of new construction

Should you decide to build a new home, you'll need plenty of patience, time, and nerves of steel. The reasons are simple: First, you have to find a suitable plot of land. Even today, this is a crucial decision. After all, the location's infrastructure plays a vital role, ensuring you're well-connected even without a car.

Assess the feasibility of your own real estate dreams

Once a suitable architect has been found, the next step is to incorporate your own wishes into the building plans. The extent to which personal ideas can be implemented will become clear during the expert's professional assessment and their cost estimate.

Advantages of both types of real estate

New buildings impress with their contemporary layouts, modern bathrooms, and light-filled windows. Existing properties, on the other hand, typically show the marks of time, possess a rich history, and bear witness to a bygone era. This gives them a unique charm.

Should you need assistance in your property search, please feel free to contact us. We know which properties are currently for sale in your area, have solid contacts with tradespeople, and can tell you what is currently affordable within your budget.

Always a good idea: budget for renovation costs

An existing property has many advantages. It's cheaper to buy than a new build. Furthermore, the idea of ​​renovating a property to your own specifications is appealing. However, renovation costs should be factored in from the outset so that your property can gradually become the house of your dreams. What else you'll need is time. After all, the house needs to be prepared before you move in. Nobody likes living on a construction site with tradespeople constantly coming and going.

Existing properties are timelessly beautiful

Anyone whose heart leaps at the thought of a house with history and a mature garden will surely choose a home with a past. If you're considering an existing property and have questions about financing or need help finding a suitable property, then contact us. We have an extensive network and therefore also include properties in our portfolio that are not listed on any official website.

Do you have questions about building or buying a property? Then please contact us.

Notes

For the sake of readability, this text uses the generic masculine form. Female and other gender identities are explicitly included where relevant to the statement.

Legal notice: This article does not constitute tax or legal advice for any specific case. Please consult a lawyer and/or tax advisor to clarify the facts of your individual situation.

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