Old construction or new construction: how to decide?

Old construction or new construction: how to decide?
The dilemma that many people face when choosing real estate is whether they should opt for an old building or a new building. Both choices have advantages and disadvantages. It is up to you to weigh them and decide which is the right choice for you in accordance with your priorities. And here are some key elements that can help you decide.

1.  Price
Although the price of a new building is higher, it will usually not bring you additional costs. That is why (if you are thinking about buying an older apartment) it is important to add to the initial price all the costs that you know would be necessary before moving in. Always keep in mind the part of the city you are interested in. Namely, if there is a lack of new apartments in a certain neighborhood, the prices of old buildings will not be significantly lower than those that would be allocated for a new apartment.

2. How important is location to you?
It is essential that you immediately consider how important the location and the neighborhood you want to live are to you. Older construction usually implies a center and a wider center, and for many this is a key factor when buying an apartment. At the same time, these are the parts of the city full of different contents and the best connected by transport links with other neighborhoods. However, younger families and individuals, who are not fans of the city crowd, prefer to choose real estate on the outskirts of the city. It's up to you to decide how much location plays a role in your relocation.

3. Overhead and energy efficiency
One of the obvious advantages of new construction is precisely lower utilities and better energy efficiency. Apartments built in the last few years belong to energy classes A+, A and B, and old buildings are mostly class C. Since our winters are getting longer and we often heat even in May, this is a very important item. If you don't want to get high utility bills for heating, maybe an old building is not ideal for you. However, if you are not a cold-blooded type and do not spend most of the day in your apartment, this element may be less important to you. In addition, old buildings often have thicker walls than new buildings. In addition to good thermal insulation, they will provide you with greater peace of mind because you will not have to bother with noise from the street and neighboring apartments.

4. Bureaucracy and paperwork
Dealing with paperwork often seems to us to be the most complicated part of concluding any contract. Of course, it doesn't always have to be like that, and it's important to first inform yourself about all the steps and possible complications. They are not identical in old construction and new construction. For new construction, check all building permits in detail. If you have decided on an older apartment that has changed ownership several times, collect and check all the paperwork and make sure that all the documentation is legal. If you get stuck in the process, feel free to contact us. Our agents will be happy to help you find the ideal property as soon as possible without any hassle.

5. Existence of additional content
Additional facilities and various benefits also differ between old buildings and new buildings. As we have already stated, old apartments are usually connected to the center. Therefore, by choosing an apartment in an older building on a street in the city center, you will be closer to restaurants, cafes, shops and other amenities. The downsides are, first of all, the lack of a parking space and an elevator in the building. However, if you do not own a car and the lack of an elevator is not a significant problem for you, buying an older apartment could be a good option for you. Newer apartments are mostly built as planned, often with their own garages. New buildings almost always have an elevator, which is of crucial importance to many real estate buyers.

6. Adaptation and lifestyle
Your lifestyle undoubtedly affects the layout of the rooms in your future apartment. Although at first it may seem like a minor item, we assure you that it is not so. You can adapt both older and newer apartments, but this will create additional costs. If you like to cook and want a large open kitchen with an island, you will probably have to knock down walls in an older building to get to the ideal kitchen with dining area. On the other hand, if you have a larger family, it is probably most important for you that the apartment contains several smaller bedrooms. Regardless of your priorities, one thing is certain, old buildings require more adaptation in order to adapt the space to your needs. In contrast, if you decide to buy an apartment in a new building, you will be able to influence the appearance of the apartment and the layout of the walls in advance.