Choosing between a newly constructed house and an old one has been a question to many. This question could make or break your finances in coming future. Buying or investing in a house does not happen in one's life on a frequent term unless they are a tycoon, so taking into account some preliminary factors could be lifesaving. While we agree buying an older house could be profitable in some instances, we would like to outline that buying a newly constructed house offers better value and financial stability than the latter when compared on an average sample basis.

The data remains that the resale realty market has some of the best deals on a usual basis. If you are willing to spend time on research, you may find the house you have always dreamed of at a price lower than that of new projects in the same area. Banks are now more willing to lend for resale properties than they were a few years ago. Because, instead of an empty promise of getting possession of a new project, you get a ready-to-move-in property when you go for a resale property, which is one of the prime benefits of buying a used property. Also, a lot of the re-sellers are those who would rather upgrade to a larger house and they are more willing to accept the entire payment by cheque because there is no tax implication when the sale proceeds are used to re-invest into another house. Now this gives a fair chance to salaried individuals to employ their funds in something that doesn't fully exist in the builders' world yet.

Despite the 'facts' in appearance, buying a newly constructed house is better on almost all counts. Yes, it is costlier as compared to something on re-sale and yes, it is possibly not ready to move in; but the fact of the matter remains, new construction is pricier for a reason. The newly constructed projects, especially in the Indian context, are more compliant with construction guidelines and the sophistication of construction. This is fundamental in getting peace of mind when one thinks of the security, legality and the prospective age of the building. They are keeping up with the newest trends in architecture like optimisation of living spaces, modular furnishing etc. Also for the height lovers, the newer buildings happen to pose like illuminated profiles on the city's skyline.

Putting things in the right perspective, many developed economies often actively discourage the resale of used properties. It is believed to hamper health & safety and well-being in general, involving risks of damage. In Japan, there is essentially no market for pre-owned homes as they turn earthquake-prone with their age. When considering amenities, newly constructed homes bring out the best value as they feature the trendiest state-of-the-art facilities like swimming pools, gyms, patios etc.