I would like your opinion on the cost of new builds?
Are new builds sold at a higher price than refurbished properties?
Asked on Oct 19 2013,
House Prices in London |
Usually new builds are sold at a higher price than pre-owned homes, obviously it depends on how good the refurbished property is. If both were of the same size and in the same area, and offered the same specification, then the new build will usually come at a higher premium.
Answered on Oct 21 2013,
Can be a lot of costs to try to recover form new builds unfortunately
Answered on Oct 23 2013,
One of the biggest criticisms that is levelled at newly built homes is that they are often very much overpriced, purely because they are brand new. The issue is, of course, that once you move into them they drop in value as well, and it can take quite a long time to see a return on investment.
However, if you are planning to move in and live there for a long time, these are often a far better option. You are likely to be faced with fewer problems regarding maintenance and repairs, and often this can make up for the difference in the cost initially.
Also, house price sentiment at the moment is still fairly good, and with prices a full seven per cent below peak levels, there is still a chance your investment will go up in value over the next few years.
Answered on Nov 5 2013,
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