Should you buy a new home or an established one? Getting into the property market can be overwhelming – not only does it take great discipline to manage your funds, but there’s so many decisions to weigh up. <\/p>\n
Buying off-the-plan can be scary when you start paying for something without eyeballing the final product, yet buying something which requires renovating can be daunting. <\/p>\n
There are incentives and considerations says property guru, Frank Valentic (of ‘The Block’ fame), founder of Melbourne-based buyers\u2019 advocacy service, Advantage Property Consulting.<\/p>\n\n
\u201cEstablished properties can have timeless appeal. The rooms are more often bigger and the construction is usually more solid, so therefore long-term viability and maintenance with an older style property can stand the test of time,\u201d he says. <\/p>\n
In comparison, a new home can offer buyers peace of mind, as \u201cThere will be less maintenance, as it is a brand-new property, and apart from some initial defects, which are usually fixed, there is not a lot of maintenance,\u201d Frank says. <\/p>\n\n
Whether you opt for an apartment or house; one-bedroom or two; established or new property, it all comes down to budget and the market so take the time to talk to a home loan provider like RAMS and be sure to ask any curveball questions on your path to home ownership.<\/p>\n