Compare price, timing, condition, warranties and additional costs.
What a new-build can offer
A new property may offer modern layouts, new systems, warranties and lower initial maintenance needs. However, check the developer, permits, delivery schedule, payment protection and any indexation clauses.
Ask what is included in the price, which finishes are standard, and what extra costs may arise before move-in. Consider construction nearby and the service charges of the completed building.
What a resale property can offer
An existing home lets you inspect the actual building, street and surroundings and may be available sooner. Its condition, renovation needs and shared-building works require careful review.
Check title, permits for alterations, outstanding charges, approved works and any defects. An independent inspection can help identify costs that are not obvious during a viewing.
Compare total cost and intended use
Compare the total acquisition cost, expected monthly charges, maintenance, financing and the time until you can use the property. A lower advertised price may not mean a lower total cost.
Choose according to your timing, tolerance for construction risk, desired layout and plans for living or renting. Have an independent lawyer review the contract and documents.
Official sources to consult
Rules, rates and data can change. Verify information at the time of your transaction and consult a qualified professional.
Frequently asked questions
Is a new-build always more expensive?＋
Not always. Compare similar properties using total costs, included specifications, delivery timing, maintenance and any indexation or additional fees.
Which documents should I request for a new-build?＋
Request permits, contractual plans, technical specifications, guarantees, payment schedule, delivery terms and details of any price indexation.
Is an older property riskier?＋
It may have more maintenance needs, but the risks depend on condition, legal status and building management. Inspect it and review documents independently.