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> Why ppl refer to buy new house?

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kllonely1
post Jun 13 2019, 02:28 PM

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Joined: Oct 2004
QUOTE(soules83 @ Jun 12 2019, 06:15 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?
*
depend on location,
just tear and rebuilt

 

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