Be sure to consider these issues when buying a home …
The issue of air circulation, increasing use of natural energy is considered in new homes. Therefore, the use of energy in new homes can be reduced.
Mumbai: New buildings are being built all around, but some people are Decide to buy old Houses.It is always a dilemma whether to buy it in a new building or to buy a resale house. This question haunts everyone who buys a house.
The answer to whether to buy a newly built flat or a used one depends on a number of factors such as what you need for your lifestyle, financial status, what your priorities are, interior decoration, your budget, your desires. But sometimes it is preferred to buy an old house. The decision is made on the basis of the cost of the interior design and decoration of the house. This means that old houses are chosen for houses in a certain part of the city or for houses in the suburbs near work. Or if there is no new construction in an area, then old houses are also selected there. The following points need to be considered when buying a home. Of course, the customer will have to decide whether to buy the house or not.
1) The cost of buying a house – The biggest issue to consider when buying a house is affordability. This means that those who cannot afford to buy a new house can return to the old house. But they also have to consider registration fees, transfer fees, stamp fees, utility rates. Also, in the case of a resale home, you need to be prepared for the expense of interior repair and renovation.
2) Energy Consumption– Considering energy consumption, a newly built house can be a good option. Homes that are being built today have to follow more strict rules to conserve energy than those that were built a few years ago. Also new rules have been made. The issue of air circulation, increasing use of natural energy is considered in new homes. Therefore, the use of energy in new homes can be reduced. Similarly, you can insist on using green technology while building a house. This is not possible in older resale homes.
3) Wiring, Fittings– New homes are safe fitting and wiring so you can rest assured for at least a few years after the house is gone. There are no immediate repairs or expenses. While the new home is being built, you can suggest to the builder the changes you want in it. However, due to the use of wiring facilities in old houses, its repair can be costly. Also not much can be changed in the house. There is an opportunity to change the furniture in the interior design, of course you have to spend for it.
4) Financing – Getting financial aid when buying an old house has to go through a few hurdles. Completion of various documents, registration of house, examination of documents has to be done very strictly and that too you have to do it on your own time. However, in the case of a new home, most of the care is taken by the builders.
5) Resale Value – Resale value means that the customer has to think about how much his house will cost in future. There is definitely a difference between the price of a five year old house and the resale value of a twenty year old house.
Courtesy : Lokmat.com