As many aspiring homeowners find themselves in this predicament, here’s why buying a second-hand house-Bangkok Assets is actually a much better idea. Although there is no denying the allure of new builds, opting for an existing home proves to be a more pragmatic and cost-effective choice for many estates. Here is a shortlist of five reasons to consider buying a pre-owned home.
Make savings and get more for your money
Cost Efficiency Many homebuyers tend to go for second-hand (previously owned) homes rather than new constructions due to cost efficiency. Normally, second-hand homes are cheaper than new builds of similar size and locality. As with real estate prices are always on the move, purchasing a pre-owned property can insure you a better deal and thus a better value for your money.
Moreover, new constructions may also involve substantial hidden costs such as obligatory upgrades, customizations, and developer fees. Older homes, however, typically offer more settled-in structures that already have features including landscaping, fences and appliances built in, which could save you thousands.
Long Standing Neighborhoods with Greater Infrastructure
New developments may still be being built, whereas second-hand homes are usually situated in established neighborhoods. This means improved accessibility to schools, hospitals, shopping centers, public transport, and other necessary facilities.
Older neighborhoods also tend to have a stronger sense of community, more mature landscaping, tree-lined streets, and a better-maintained infrastructure. Should you care for stability, easy commute and a friendly society, purchase a second-hand home.
Larger And A Feet Longer Build
Modern construction trends often favor small square footage and inexpensive materials to achieve maximum developer profits. Many new developments have smaller lot sizes, thinner walls, and cheaper finishes that will not wear well over time.
Older homes, on the other hand, tend to be built using better materials, sturdier craftsmanship and more expansive square footage. And if you want larger room sizes, taller ceilings, and sturdy construction, then second-hand homes may be your best option.
No Waiting Time for Move-In
In a new build with construction delays, permit approvals, and customization assembly lines, these can be months. But these delays can be frustrating, particularly for buyers in need of immediate housing.
When it comes to a second-hand home, on the other hand, the property is ready for you to move in as soon as the deal is done. This can be especially advantageous for families, working professionals and people seeking a smooth transition that involves no long delays.
Opportunities to Negotiate and Lower Property Taxes
Second-hand homes are usually easier to negotiate price on, particularly if it has been up for sale for quite a while. By contrast, new builds usually have fixed pricing set by the developer, making buyers more susceptible to negotiating based on market conditions, home inspections and minor repairs.
Furthermore, existing homes generally have lower property tax than new ones. Property taxes are typically assessed based on the value of the home, and because older homes tend to be valued lower than new builds, homeowners can save money over time.
Conclusion
For hundreds of thousands of homebuyers out there, purchasing a second-hand home is a much more intelligent and budget-friendly alternative to buying a new build. Second-hand homes come with cost savings, better neighborhoods, solid construction, move-in readiness, and potential tax benefits that new homes often don’t have. Are you thinking of buying a home for the first time or are you looking to add to your property portfolio? In either case, buying a second-hand home can help you trim down on costs and get the property you love!
This article discusses why buying a second hand home-Bangkok Assets may be a good decision for you.
