Buying a new property or one under construction is always a delight. Everything is brand new, in perfect working order and just waiting for you and your family.
If you're not in a hurry, it's often worth buying a property under construction and taking advantage of the natural appreciation that occurs once the keys have been handed over.
However, if you look carefully, you'll realize that second-hand properties can be great market opportunities. Often because they are located in highly sought-after areas and sometimes because of their much more attractive and competitive prices.
In the United States, it's very common for investors to hunt down dilapidated properties. They buy them for very low prices, renovate them and sell them for much more.
Is the price of maintenance worth the savings when you buy?
Don't forget that the lower value of a second-hand property can be illusory if the subsequent maintenance costs are too high. We recommend hiring a handyman to analyze the used property you're looking to buy. They can analyze the facilities, the condition of the house and make recommendations that will help you make a better decision.
