New build or second hand?

Cranes everywhere Photo: Wikimedia CC / Konstantin

You will have seen the cranes on the horizon as Costa del Sol property developers build to keep up with demand. But is it best to go down the route of new build or are you better with a resale home that has had a previous owner (or owners)?

Buying brand new has the advantage that there is no seller to change their mind or try and delay completing the transaction. You know a developer wants to conclude matters and doesn’t have any other agenda.

There can also be a considerable financial advantage to buying new, especially if you opt for an ‘off plan’ development which is yet to be completed. Many projects are offered to the market place for reservations, months, or in some cases years before building work is due to start and prices are often reduced by between 20 and 25 per cent for reservations at this early stage so it can be a great way to buy if you are happy to wait.

That’s not the case of course for resale homes; buyers can be moved in often within just a few weeks of finding their perfect home. And then there is the ‘what you see is what you get aspect’. It is likely that the urbanisation is well established, the garden is well cared for and you know exactly what is around you in terms of buildings and services.

Every buyer is unique in what they are looking for so take expert advice and make the right choice for you.

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Written by

Kevin Fraser Park

Kevin was born in Scotland and worked in marketing, running his own businesses in UK, Italy and, for the last 8 years, here in Spain. He moved to the Costa del Sol in 2016 working initially in real estate. He has a passion for literature and particularly the English language which is how he got into writing.