Existing property vs new build

New build or existing property - what property buyers should look out for

The real estate market offers numerous opportunities for buyers, be it through the purchase of new builds or existing properties. When deciding on the right property, potential buyers should consider some important aspects in order to make an informed choice.

New-build properties: opportunities and risks

Buying a new-build property has many advantages, including modern construction methods, energy-efficient technologies and the ability to customize the design to suit your own preferences. Nevertheless, there are some challenges that buyers should be aware of.

One crucial point is the pre-sale rate. This describes the proportion of units already sold in a new-build project. A high pre-sales rate can indicate good demand and therefore an increase in value. However, buyers should check carefully whether the project already has enough pre-sales to guarantee secure financing and completion.

In addition, many buyers are currently facing financing problems. Rising interest rates can make financing more expensive, which can be particularly problematic for new-build projects, which often have a longer construction period. Insolvencies in the new-build business are also on the rise, which poses additional risks. Buyers should therefore carefully check the creditworthiness of the developer and find out about contractual securities. Another aspect is that buyers in new-build areas often have construction sites around them for years, which can affect the quality of life.

One particularly important point that applies to both new-build and existing properties is the location. Buyers should consider how well the infrastructure of the surrounding area is developed. This includes proximity to public transport, such as bus and train stations, to ensure good connections to local public transport. Other factors include the accessibility of schools, nurseries, shopping facilities and doctors. A good location not only contributes to the quality of life, but also to the value development of the property.

Existing properties: what to look out for

On the other hand, existing properties often offer the advantage of immediate usability and an established infrastructure. Everything has already been completed here, so buyers can move in immediately. A particularly important aspect when buying existing properties is energy efficiency. Buyers should pay attention to the energy performance certificate and check which energy-saving measures may be necessary. A good energy concept can not only reduce monthly operating costs, but also mean a higher resale value.

Another major advantage of existing properties is the financing security. As the property already exists and the purchase price is fixed, buyers can set up reasonable and secure financing. This enables more precise planning certainty with regard to monthly charges and the entire financing process. In contrast to new construction projects, where there is often uncertainty regarding construction times and costs, the purchase of an existing property offers a clear and calculable financial basis.

Personal support from Von Poll Immobilien Duisburg

Whether you are interested in a new build or an existing property, it is important to obtain comprehensive information and advice. Von Poll Immobilien Duisburg is always available to answer your questions free of charge, personally and professionally. If you are interested, you are welcome to contact us by e-mail at [email protected] or directly by telephone on 0 170 - 32 66 595. We will help you make the right decision for your real estate investment.