Buying a home is a big financial decision that you likely have to pay for years. It’s best to be wise about which type of home you purchase because it can affect your daily living in the future. To save money, a lot of Pinoys consider buying a pre-owned house, especially as the lots are bigger and more centrally located near establishments.
However, purchasing a pre-owned home isn’t for everyone. It can come with a lot of caveats, so it’s important to note these considerations before buying a home.
Pros
Essential utilities are already sorted out
You don’t need to contact your local water concessionaire or electricity company as the previous owner is already likely tapped on the grid. As soon as you move, you can use these utilities without worries, unless you want to repair or customize them.
Furniture pieces and appliances can be negotiable
With some owners, you don’t need to shop for furniture or appliances. You can simply negotiate with them if they’re fine with it and simply add them to the final price. Other decorations such as paintings, artworks, sculptures, among other pieces can be negotiable too.
Lots tend to be bigger
If the house was constructed way back, lots tend to be bigger because space is not as scarce. This means more parking space for visitors, bigger garden space for plantitos and plantitas, wider playground for your pets and kids!
Cons
Maintenance work can be costly
Due to the wear and tear that the house went through over the years, maintaining it in prime condition can be costly. Some older houses may also have a material that’s not widely available today. This can drive up the costs easily if you want to use the same material.
Renovations are inevitable
Some houses are also not up to the current standard, and even those that do show their age very easily. The interior design and architecture may also need to be updated. These renovation works can cost an arm and a leg to repair and upgrade.
Brand-new vs. pre-owned
While there’s nothing wrong with a pre-owned home, choose a brand-new one if you have an option. It’s more expensive, but you can guarantee the condition of the home. You don’t have to worry about the renovations, remodeling, or repairs, as everything in the house is new.
The great news is, brand-new houses can be affordable with Elanvital Enclaves. They have developments located strategically across Southern Luzon. Plus, these are near major roads and important facilities.
For more information, visit Elanvital Enclaves or contact its sales at +63 9271440196.
