Whether to overhaul an apartment you already own or buy a new one - that's a question you're probably facing right now. Usually, making such a decision is difficult, as in both cases you are talking about an investment that should stay over time and pay off over the years.
In this article, we'll talk more about when it's better to choose renovating an old property and when it's preferable to get a new one.
What might make you want to renovate an old property
A major renovation is a daunting task, but one that is sometimes worth the effort. We are about to share with you some of the main reasons why you might choose to renovate an old home entirely.
A nice neighborhood
One of the main factors that may make you want to overhaul an old property instead of buying a new home is the neighborhood in which it is located.
There are some desirable areas that are more preferred than others for a number of reasons. In case the apartment in question is located in a place with a rich history or impressive architecture, for example, it is a good idea to give it a new lease of life. This will ensure that you can enjoy an amazing atmosphere on a daily basis that few places could offer.
Or, if your home is located in a central area that gives you easy access to public transport, work, parks, school, kindergarten as well as shops, it is also advisable to consider renovating the apartment. These are amenities that not only save you time, but also make your daily life much easier.
Good layout
A good layout is also an important reason that may make you prefer doing a major renovation over buying a new property.
The rooms in your home should be organised in a way that makes your daily activities as easy as possible. It's a good idea to have the kitchen and dining room close to each other so that moving between them happens more quickly and seamlessly. Of course, it's also important that the rooms are not transitional and that the bedrooms face quiet streets to allow for complete rest and privacy. In case the apartment you have has a similar layout, then renovating it is a step worth taking.
Sentimental value
Some homes are passed down from generation to generation. This makes them precious to the family as its members associate it with many beautiful memories. If your apartment is such and needs renovation, it is advisable to allocate funds for one. This way, you will preserve the history and the moments you remember with a smile.
Why buying a new property is often the better alternative
So the time has come to share in which situations buying a new property is the better alternative for you.
Parking
The parking problem is becoming more and more serious. This applies with full force to larger cities where more and more people are settling. This requires the availability of additional parking spaces, which some settlements do not have. The good thing is that most of the new-build apartments are located in gated complexes, which allow you to get not only a home, but also a place where you can safely park your car. This will save you a lot of time wandering and circling the streets in the neighborhood looking for a place to stop your vehicle after work. Plus, a parking space will help you avoid the danger of someone clogging up your vehicle and preventing you from getting out in the morning.
Location
As it has become clear, big cities keep growing. More job and entertainment opportunities are popping up there, which is one of the main reasons more and more people are choosing to live in these locations.
However, for most residents, getting around the city is becoming more difficult. When you buy a newly built property, you have the opportunity to choose a convenient location from which you can easily reach the most important points.
People's preferences vary. Some choose to live in central locations in the city. Others decide that they want to get away from the noise and crowds, so they look for a home that is located on the outskirts of the settlement. No matter which group you belong to, if you have decided to buy a new property, you will have the freedom to choose where it is located so that you feel good and satisfied with your choice. Moreover, you will have the chance to choose the floor on which to situate your home as well as the view to enjoy on a daily basis.
Of course, we can't fail to mention that a lot of gated communities have parks and gyms, for example. This will save you time because what you need is just minutes away from the comfort of your home.
Ready to move in
Many of the new homes currently available are furnished and ready to move in. This way, prospective homeowners won't waste time searching for furnishings and setting up their interiors because all rooms, from kitchens to bedrooms, have been thought out and furnished by specialists and have everything they need for a comfortable and happy stay.
Peace of mind
Peace of mind while in the comfort of your home is of utmost importance. If you are in search of a new home and are looking at one in a gated community, you can feel safer as access is controlled. There are usually CCTV cameras, a fire alarm system, and sometimes security guards. All of this will allow you to feel at ease as you know that it is much harder for outsiders to enter the compound.
Conclusion
Whether you are going to renovate an old apartment or purchase a new one is an individual decision dictated entirely by your preferences and needs. You now know when it's worth taking the time and money to renovate your old property, and why buying a new property may be the better option for you.
If you're currently in the market for a newly built home, get in touch with BLD Construction and Investment. From us, you will get professional treatment and good prices for functional properties that you can feel comfortable and relaxed in. Take a look at our projects and find what best fits your search!