Buying a home is a decision that can be exciting and nerve-wracking at the same time. But when it comes to buying a new versus a used home, a lot of factors come into consideration. Your payment method, your financial history, family needs, one must keep many different aspects in mind. For those buying a used flat, the deciding factors will be very different and rightfully should be. And while looking for a used flat for sale in Dhaka, you must also have a clear idea about the benefits that you will be getting. However, at the end of the day, buying a used flat has more pros than cons. Here are a few reasons why buying a used flat is better than buying a new flat.
Comparatively Lower Price: If you are looking to buy a used flat in Dhaka then there is a high possibility that budget is a big deciding factor for you. And the good news is, for obvious reasons, buying a used flat for sale in Dhaka is much cheaper than buying a new flat. So, if you buy an apartment right now, the cost of it will be lower than a new one. And since property prices tend to go up, the ROI on that property will be very attractive. Just make sure to check the quality of the apartment you want before deciding to buy the apartment.
Scope for Negotiation: When buying a used flat, you have the option to negotiate the price as well in addition to receiving a better deal. You can get a used property for a lower price than a newly constructed project because, for used property, owners tend to sell their property as quickly as possible either for personal reasons or out of financial concerns. You can also negotiate the price based on the motive of the seller and current market conditions. This is just one of the most significant benefits of buying a used flat. However, you must keep an eye on the seller’s intentions, as a desperate seller might have caused some detrimental impact on the property’s value. But if you’re a budget-conscious person, then negotiation can be a big advantage for you.
Stable Pricing: When it comes to purchasing a new home, inconsistency in pricing is a key point of consideration. Because the prices of raw building materials fluctuate on a regular basis and the developers have no choice but to charge a greater price than anticipated. According to recent data from the Trading Corporation of Bangladesh (TCB), 60-grade MS rod was selling for between Tk 77,500 and Tk 80,500 per tonne in December 2021, which was over 28% higher than the previous year. When purchasing a secondhand property, however, there are no raw material prices to consider. As a result, there is no room for price increases.
Installation Costs and Accessibility: This is one of the major benefits of buying a used home, almost everything that the previous owner put into the home, comes with the home. The home seller can decide if they want to throw in furniture and other amenities. This is a major advantage for homebuyers who want to have a ready-to-move-in home. And in recent times, for new flat owners, the gas connection has become a major factor of stress as most of the newly built flats have LPG connections. However, with used flats, you don’t have to worry about that at all. Most used flats for sale in Dhaka already have gas connections. So you will easily find a used flat for sale that provides every necessary installation.
Therefore, if all of the other criteria work in your favor, buying a used apartment could be an excellent investment. It allows you to save a significant amount of money while also saving time that would otherwise be spent waiting for a new project to finish.
