As a house owner, you must ensure that your home meets a number of quality standards. This is true in terms of safety, health, and living quality. In this area, new construction projects have an advantage over existing homes. New construction projects meet these requirements, with existing homes you will often have to carry out renovation or maintenance work. Many owners are selling their apartments just before the communal renovation is due to start. Make sure that you do not buy an apartment where such a renovation is in the pipeline.

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If your home meets all the conditions, you can request a certificate of conformity from your municipality. This certificate is not mandatory, but it does show that your home is completely in order.

Are You Investing In A New Construction Project Or In An Existing Home

Once you have decided that you will invest in real estate and you have set your goals, it is important to know where you want to invest. Are you investing in a new real estate project or in an existing home?

Both options have their advantages and disadvantages

New construction projects are new. And that is a great asset.

If you invest in this, you can be proud that no renovation costs are required. Moreover, not only are the materials fully in accordance with all quality standards, at condo for sale Dutamas the apartments are fully finished and you have a 10-year warranty.

A drawback that applies to most new construction projects is the delivery period. You want your home to yield and preferably as quickly as possible. If you decide to invest in a new construction project, your patience will be tested. New construction projects are usually only completely ready 12 to 18 months after payment. With most project developers, your investment only pays off from then on.

With sunway damansara condo, your investment pays off immediately. We recently launched the Instant Realty Return formula. With this unique package, you immediately receive a return of 2.5% on your first payment disk. With an existing home, you do not have the disadvantage of a delayed return, with a little luck your investment will pay off immediately.

Look Ahead

One of the advantages of investing in real estate is the added value. In the past, it was easy to juggle with added value parameters that should ultimately deliver the icing on the cake. Know that the added value is only realized with the sale of your property. ‘Always ask yourself the question: who can buy my investment within about 15 years?

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