When it comes to buying a property, there are many things to consider. One of the most important decisions you will make is whether to buy an established property or wait for a new property launch. Here are the top 10 reasons why you should choose a new property launch:
- More choices: With new property launches, you have more choices when it comes to floor plans, finishes, and features. This gives you the ability to create a home that perfectly suits your needs and lifestyle.
- Better value: Often, new property launches offer better value than established properties. This is because the developer is keen to sell as many units as possible and may offer incentives such as stamp duty waivers or discounts on the purchase price. Also, the developer may have already secured planning permission, which means that the unit prices are likely to be lower than if you were to buy an established property in the same area.
- More features: New properties come with the latest features and amenities, which can include swimming pools, gyms, tennis courts, and more. Established properties may not have all these features, or they may be outdated. So, if these are important to you, then a new property is the way to go.
- Higher quality: New developments are often of a higher quality than older properties. The materials used and the construction standards are usually much better, meaning that your home will be more durable and last longer. You will be able to enjoy your home for years to come without having to worry about any nasty surprises.
- Fresh look: A new development will always have a fresh, modern look that is appealing to buyers. This can be a huge advantage if you’re looking to sell your property in the future.
- Less competition: When a new property launch comes up, there is usually less competition from other buyers. This means you have a better chance of securing the unit you want at a good price.
- More options: There are usually more unit sizes and layouts available with new property launches than with established properties. This gives you more flexibility when it comes to choosing the right home for you.
- Easier to finance: Banks are more likely to offer attractive financing rates for buying a new property rather than an established one. This makes it easier for you to get your dream home without breaking the bank.
- Lower maintenance costs: New developments usually come with lower maintenance costs than older properties. This is because the materials and finishes used are of a higher quality and require less upkeep.
- Faster settlement: With new property launches, the settlement period is usually much shorter than with established properties. This means you can move into your new home sooner rather than later.
When it comes to making one of the biggest decisions in your life, it’s important to weigh up all the pros and cons. By considering the top 10 reasons why you should choose a new property launch, you can be sure that you’re making the best decision for your needs.