New vs. Pre-owned Home - The Pros and Cons

If you are in the phase where you want a house and you also have the necessary money, it is best to consult with a specialist before making a decision. You can look at pre-owned Southlands homes for sale and renovate it, or you can buy a brand-new one. There are many arguments that can tip the scales in favor of one of the options. 

 

The biggest advantage of pre-owned houses is that you can choose one in any area of ​​the city you want, while land on which new houses can be built can only be found in new neighborhoods, which are usually located in the suburbs. On the other hand, an old house must be renovated, and the costs of acquisition, plus the costs of renovation, can come very close to the costs of buying or building a new house.

Of course, you can also purchase a pre-owned house, completely demolish it and build a new one, just to be in the area you want, but this solution is not financially justified and very few people could actually afford it.

In short, there is no definite rule when it comes to choosing between new vs. pre-owned Southlands homes for sale; it all depends on the condition of the building, the desired location and the adaptability of the construction to your plans. The specialists’ advice is to do at least a simple calculation according to the average construction price per square meter in your desired area, before making a decision.