Buying New Construction or Used Apartment?

06.07.2023 / Rojal invest d.o.o.
Buying an apartment is one of the most important financial decisions you will make in your life. One of the dilemmas you are likely to face is whether to buy a new construction or a used apartment. Both options have their advantages and disadvantages. Let's check out what each of them brings.

New Construction: Modern and Without Surprises
Let's start with new construction. One of the main reasons people choose to buy new construction is modern design and choice of materials. New constructions usually follow trends and have modern architecture, energy-efficient materials, and advanced technological solutions.

Moreover, with new construction, you avoid potential unforeseen renovation costs, which are common in used apartments. You also have the option to choose certain elements of the apartment, such as tiles, floors, wall colors, allowing you to customize the apartment to your liking.

On the other hand, you have to consider that buying new construction is often more expensive than buying a used apartment. Also, construction can take a longer time, which means you will have to wait to move in.

Used Apartment: Immediate Living and Historical Charm
Used apartments, on the other hand, offer the possibility of immediate occupancy. Such apartments are usually cheaper than new constructions, allowing for more savings or more financial flexibility for possible renovations.

Often, used apartments are located in established neighborhoods with developed infrastructure, such as shops, schools, health centers, and public transport. Many old apartments also have their own historical charm that new constructions can't offer.

The downside ofused apartments can be the need for renovation. Old heating, electrical, plumbing, and sewage systems can pose a risk and additional costs. Energy efficiency can also be lower compared to new constructions.

The decision between new construction and used apartment depends on your individual needs and circumstances. If you want a modern, energy-efficient dwelling without the need for immediate renovation, then new construction may be the right choice for you. However, if you're looking for an apartment in an established neighborhood, that is available immediately, and has its own historical charm, a used apartment may be the right choice.

Before you decide, it's important to consider your financial capabilities, time constraints, and expectations about living space. Be aware of potential additional costs that can occur with both options. And of course, if you have any doubts, consult with a real estate advisor or a financing expert.

Buying an apartment is a big decision and it's important to choose the one that best suits your needs and desires. Be prudent, thoughtful, and don't rush your decision. Let your decision be based on careful consideration and objective information, not current fashion trends or rash promises from sellers. After all, your apartment should be a place where you feel at home, safe, and happy.

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