Moving to a brand-new property is an extremely attractive prospect for everyone. It is true that modern structures meet the needs of modern people most efficiently, offering large balconies, beautiful bathrooms, state-of-the art kitchens, parking spaces, storerooms, independent heating, and heat- and soundproofing. They meet the standards of the new seismic code and ensure their buyers the maximum possible goodwill in the event of a future sale.
Naturally, the value of a brand-new property is significantly higher than that of an older one. However, there can be no extensive interventions, while bedrooms, in particular, are not very spacious.
Older properties show much better ‘reflexes’ in value fluctuation and are often available in very affordable prices. The surface area-to-value ratio of these properties is markedly better and, when renovated, can give excellent results both aesthetically and economically. These properties are often in nice areas, with easy access to public transportation and shops. Furthermore, they are usually roomier, since architects used to give more emphasis to sufficient space.
Naturally, there is always the risk of unforeseeable damage, so every property must be thoroughly inspected before changing hands. Given that previous building regulations affecting older properties set lower standards, the static adequacy of each structure must also be carefully assessed. In addition, these properties are inferior in heat- and soundproofing. Finally, the possible goodwill that might result from selling an older property, even a renovated one, is not as guaranteed as with newly-built properties.