Why Buy a New House Instead of an Old One?
The joy of saving for a house is being given a new key for a new house. You have just managed to run away from the ever pestering landlord and now there you are, a new key, a new house in the location which you really like. There could be a lot of reasons why one should go for a new house instead of an old one. In most cases, you may even be the fifth owner of that house. It is tough for you to know its ownership history. Most of the second-hand houses are sold for different reasons which range from good to bad ones. One can opt to sell his house because it has series of problems stemming from the construction of the building. After the owner has encountered series of expensive repair and maintenance costs, he then chooses to sell the house. You now come buying such a house, and you inherit the problems. The roof may be having set of potential problems. The walls may look new because of the light paint, but the structure could be almost giving in to environmental pressures due to age, and the floor could be rough. When a house is being prepared for sale, the agent will stress on the house owner doing some repairs so that it can attract a better offer from its buyers.
This is done to boost the overall strength of the structure but to make you cough more cash unknowingly. You may not see huge cracks in the wall because they are just filled up and painted, giving you the lure to cough your cash fast. Ultimately, you end up paying for the value which is far much above the actual value of the property. In nutshell, there are manifold cons of opting to buy an old house.
Upon deciding to run away from problems related to the purchase of an old house, here are the tips to help you buy a brand new house.
Always equip yourself with tips which will make sure that you are not going to be lured to buy property which does not deserve its quotations. You do not need to be a property agent, all you need is to ensure that you are working with a property agent who has a sound track record in the real estate market. A small real estate firm may have very limited options to choose from.