Used home versus new
But then, the dream house always comes with several compromises. The project may be new and within budget, but the location would not necessarily be one’s first choice, and so there is a trade-off. But if location is the first preference, then one would have to seriously consider a used property that is up for sale. What does one choose?
Here are a few pointers on new and used homes that should help you make that crucial decision.
We examine used properties as an investment decision on the basis of six parameters:
Location: This is the primary deciding factor that influences a buyer to go for the deal. Used properties are usually situated in well-developed areas of the city with fully developed amenities and easy access to daily needs, which makes settling in that much easier.
Price: The location, size and age of the property decide its price. If the home is situated in a posh locality with all the amenities, then its cost will be high and as facilities decrease with increased distance, the price starts falling.
Social Ambience: The
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