Newly built or old apartment - which is better to buy?
16.12.2024

Newly built or old apartment - which is better to buy?

Before making such an important decision as buying an apartment, you first need to make a choice between new and old. Both have their own pros and cons. It all depends on your needs and individual preferences.

Advantages of new apartments:

Modern infrastructure: New apartments are often equipped with the latest technologies, including energy efficiency, modern electrical and water supply systems.

Less energy and resource consumption: Unlike old apartments, new ones do not require major repairs (we are talking about the so-called white and green conditions). Also, newly built buildings are more aesthetic and well-maintained, unlike, for example, depreciated Soviet buildings.

Guarantees: New apartments, as a rule, have building quality guarantees, which provide assistance if any defects are found in the apartment.

More comfort: In addition to the fact that the renovation of a newly built apartment with the appropriate conditions may be much cheaper, they are also much more comfortable. The apartment and building are technically well-maintained and equipped with modern equipment. Almost every new building is taken care of by its management and a hired service company.

Current project of Solum Development in Ponichala. Two modern type buildings, provided with all the necessary infrastructure and standards.

About old apartments:

  • Old apartments are relatively cheap. Most of them are located in the suburbs. According to the latest trends, the demand for old apartments is decreasing, which also affects their prices.
  • Most of the old apartments are located in depreciated, Soviet-era buildings. These types of buildings were built massively and poorly in the 1960s-1980s.
  • Buildings where these types of apartments are found have expired or will soon expire. In addition to being unaesthetic, they are also less safe. Their future prospects are unclear, so it is better to invest in new apartments for long-term plans.

Although new apartments are more modern and comfortable, old apartments can be relatively financially advantageous. The choice depends on your personal needs and priorities. You should also remember that older apartments often require more maintenance costs and their prices are less likely to increase in the future.