Brand-New vs. Second-Hand Apartment

Investing in a property is an important decision that should not be taken lightly. It all starts with deciding whether we want a new or a second-hand apartment.We asked the real estate professionals from Fieldbridge Associates LLC for more information on the topic. They claim that it is important to take into account several aspects when buying a property.

Real Estate companies, such as Fieldbridge Associates LLC, offer multiple possibilities with a large sales catalog. For those who live in large crowded cities, the most likely option is to buy an apartment in a thriving neighborhood in their city.

If this is the case, you will also see that there are several options for investmenting in apartments. Today, in the real estate market, we find real estate projects ranging from new apartments, modern tower apartments with common areas, old buildings with classic finishes or modern apartments free from details.

When evaluating what type of apartment you should buy, experts from Fieldbridge, point out that it is best to define your priorities as a buyer, and what your needs and budget are. If you must decide between a second hand or brand new apartment, you must first consider your situation.

Buying a brand-new apartment

According to Fieldbridge Associates LLC experts (with over 32 years of experience in the Apartment Building Operators business / industry within the Real Estate sector), buying an apartment in presale, is an excellent option since, the properties have cheaper prices. After completion, their revaluation fluctuates between an additional 18% to 20%. One of the great advantages of this type of properties is that they are adapted to modern living. They offer attractive homes with modern details and spacious and integrated environments.

Modern buildings usually have common areas such as swimming pools, gyms, gardens, etc.

There will be no need to do maintenance for many years since everything is new, from the pipes, the electrical installation, everything.

Another factor to consider is the psychological one. No one has ever lived there before. It is a first time home and it is yours.

Buying a second-hand apartment

Now, when you choose to buy a second-hand apartment, its price per square meter is usually cheaper than the price of a new apartment.

Fieldbridge Associates LLC experts (see their portfolio) indicate that second-hand apartments tend to be cheaper properties than brand new apartments, mainly because of the common expenses of the building. Brand new buildings that have common areas that lead to bigger monthly common expenses.

Normally they are not very attractive, and they have designs that are out of fashion or that are not as functional for modern living.

When it comes to maintenance costs, everything will depend on the state of the property. But many times after living in it we notice that the entire electrical installation has to be changed, the structure presents cracks or moisture leaks.

Another thing to consider is that older buildings have wood floors, baseboards, artisan doors, and window frames.

Experts from Fieldbridge Associates LLC claim that second-hand properties are usually the best placed. They are commonly located in central tourist neighborhoods or in more valued residential neighborhoods.

Conclusion

There will be those who prefer a brand-new apartment and those who prefer a second-hand apartment. However, it should be noted that both options are valid and everything will depend on the priorities and needs of each one when deciding on the characteristics of your future home. For more information on how to choose your future home, reach out to Fieldbridge Associates LLC, through their profile on Acuity Scheduling.