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> Why ppl refer to buy new house?

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altict
post Jun 14 2019, 06:59 PM

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QUOTE(soules83 @ Jun 12 2019, 07:15 PM)
Hi Guys,

I notice a lot of ppl prefer to buy new house from developer rather than 2nd hand market. Don't you think its a crisis for property investor?

The reason are:
1. Developer warranty is available for new house
2. Reduce renovation cost
3. Waived GST, lawyer fee and more
4. Affordable due to cash rebate for upfront fee

And the disadvantage of second hand house are:
1. High renovation and repair cost. Usually the seller and the agent won't let you know what problem the second hand house have.
2. High upfront fee
3. No Warranty, if the seller or agent cheated you. You are done once the deposit is paided
4. GST and lawyer fee incurred.

From what I see above, I cannot see its a good thing to invest in property.

What do you think? And how can we remedy the problem with second hand house?
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1st hand is always is better but for me, those new 1 and affordable mostly is outskirt

 

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