Buy a new home can be a great alternative to renting and practice constantly gaining in popularity. Why? Because people prefer to own the place, simply. Then, it is an investment that will yield long-term added value at resale.
First, understand that the condo allows the owner to own the apartment, but not the land on which it resides. Furthermore, apartment owners have certain obligations such as expenses for maintenance costs for common areas.
First, understand that the condo allows the owner to own the apartment, but not the land on which it resides. Furthermore, apartment owners have certain obligations such as expenses for maintenance costs for common areas.
Generally, the homeowners association manages the apartments. Condominium owners have the right to make several renovations to the interior of the unit, but rarely outdoors. You should check these aspects at the signing of the sales contract to make sure you know your rights if your intention is to re-enter the apartment.
Buying a new apartment is just like buying a country house. However, there are several elements that differ.
There are many more choices in the new apartment. Since the land is becoming increasingly scarce, developers are trying to condense the habitats on smaller areas. It is much easier to buy a new apartment as a new townhouse, as demand and supply differ greatly.
Each new apartment construction is fully in line with the new standards of the home. Your apartment will generally be of a higher quality at a former home.
In addition, benefits from the financial point of view can be interesting. We talk, among others, reduced notary fees, property tax payment exemption for some years and advantageous financing (interest-free loan).
Whether to buy an old apartment or a new property, the choice is your reach and developers are there to guide you.
Certainly there are many advantages to buying a new home. However, as with any investment, there are other factors to be taken into account. As you do your homework!
Buying a new apartment is just like buying a country house. However, there are several elements that differ.
There are many more choices in the new apartment. Since the land is becoming increasingly scarce, developers are trying to condense the habitats on smaller areas. It is much easier to buy a new apartment as a new townhouse, as demand and supply differ greatly.
Each new apartment construction is fully in line with the new standards of the home. Your apartment will generally be of a higher quality at a former home.
In addition, benefits from the financial point of view can be interesting. We talk, among others, reduced notary fees, property tax payment exemption for some years and advantageous financing (interest-free loan).
Whether to buy an old apartment or a new property, the choice is your reach and developers are there to guide you.
Certainly there are many advantages to buying a new home. However, as with any investment, there are other factors to be taken into account. As you do your homework!
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