Should You Buy a Newly-Built Home?
So you’re looking to buy a home for yourself and your family. In one of your many Malaysian house hunting trips, you come across an assortment of old houses, semi-aged houses, and newly built ones. While most of your friends and family have bought their houses from newly moved-out families, the new homes have quite sparked your interest. Should you actually get a newly-built home?
See last blog post here.
There are tons of qualities and benefits to get from these brand new homes, but the real question is this: is it right for you? Will it suit your need, or will it suit your budget? Do you really need all that authentically fresh coat of paint, or could you use an aged, lived-in, homey home instead?
I’ve laid down the reasons why you should and why you should not buy a brand new house.
Why You Should Buy Your House Brand New
- You won’t likely have to worry about hidden damages and pests as much as you would in a lived in home. With no predecessors on residency, there is less likely to have been inhabitation-caused damages and without any human presence, pests aren’t likely to thrive in these homes.
- You will imagine living in it more. Without a looming presence of the family that lived in it before you, you can more easily imagine how it would look like when you live in it.
- You know that it has not had a history of repair yet. Repairs and histories of them somehow make the structure of a home less credible. Being the first owner of a Malaysian house means you won’t have these sorts of worries and questions.
- You won’t have to worry about past owners and questionable papers. The only reason to worry on this is if you end up buying from a questionable realtor.
Why You Should NOT Buy Your House Brand New
- It is expensive. Brand new houses, due to the fact that they have not been lived in and there are no effects of wear and tear on the physical and financial aspect of the house, are always more expensive than their older, lived in counterparts.
- You might have to start everything from scratch. The thing about getting a lived in house is that you get some stuff for free. Who wants to buy some extra new stuff along with an expensive house anyway? See Lanai Kiara for affordable but very beautiful house.
- The structural credibility of a new house may be close to perfectly clean, but that does not mean that a new breed of house builders can have the same credibility as the time-tested ones. Anyone these days can build a new Malaysian house just as easily as they flip old ones.
- A new house does not necessarily change the situation of the neighborhood so no matter how great a new house may seem, it couldn’t do anything to change the neighborhood. So you might actually be better off in a cheaper, lived-in home in a better location.
The secret to making the right decision on this one is to figure out these three things: what you need, what you want, and what you can afford.