If you were heading out to buy a new TV, or a new car, you’d likely be trying to get the newest item you could for the money you have, (unless of course you’re a classic car enthusiast). But when it comes to buying property that’s not always the case, as both old and new properties have their merits, and a preference for one or the other often comes down to personal choice.
Here at Bayleys Marlborough we’ve marketed thousands of properties over the years from character villas to architect designed homes and everything in between, so we’ve learned a thing or two about what to consider when you’re making such a decision. Here are four things you might wish to contemplate when faced with the choice of old versus new.
- Location, location, location – Villas and older properties will often be in more established residential areas; but that doesn’t mean that you can’t be part of a community in a new build, with fabulous subdivisions like Boulevard Park on Taylor setting high standards in recreational living, we’re lucky enough to have new neighbourhoods growing in Marlborough.
- How handy are you? – If you’re buying an older property be prepared for maintenance. If you can wield a screwdriver you might enjoy a project. And of course older properties are often fixer uppers with great potential. A new build will require very little ongoing maintenance, but may cost you more initially.
- Does the property suit your family? – Newer style properties will often have open plan living, and en-suite bathrooms, catering for family living. With older style properties you’re more likely to find a more formal layout, with a separate kitchen, dining and living room. This isn’t always a bad thing, in fact, we think it adds to a period property’s character; but you do need to decide whether this will suit your family’s living arrangements.
- How does your garden grow? – Be prepared to set aside some money for landscaping if you’re moving into a new property or building yourself; this expenditure is often forgotten in an overall build budget. An older property will likely have an established garden, but these can be more formal, and if you don’t have green fingers you may need to consider getting help in the garden.
Discover the wealth of residential properties, both older style and new, currently on our books by clicking HERE.