House/land package v buy established?

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  • 1 Post By whiterocks

House/land package v buy established?

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Old 08-14-2019, 06:01 PM
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Join Date: Jan 2018
Posts: 104
Users Flag! From uk

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Question House/land package v buy established?

We are deciding the pro's and cons of buying a plot of land and building, or buying established.

In your opinion or experience, what would you recommend?

Financially, depending on plot size etc, do you get more for your money buying established or build?

I appreciate different areas may be cheaper or more expensive and that will factor into the cost.

Would love to hear your views please, thanks so much.

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Old 10-19-2019, 08:01 AM
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Join Date: Jun 2019
Posts: 19
Users Flag! From australia

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Hi how are ya , if you drop back anyway.

Me l've always had a love of older places and renovating so l've gone for that sort of thing. lt also gives you the chance to build equity in a just a few years. As well as lower repayments if you pick something up ran down a bit.
Where as buying new things either have to go up or you need to pay it down before you have much equity.

But if l wasn't concerned about any of that stuff , l'd buy new.
Because as soon as the economy starts sliding they start doing great deals again and really at the same price often less than a renovated second hand house anyway, but your living in a brand new place , day one, how cool would that be. All l've lived in is renovators .

So if your not into renovating often a brand new house is about the same price anyway.
l do love the charm in many older places though too myself.

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