Which is the better property investment; a new or existing home?
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Older properties are sometimes cheaper than new ones, depending on the location and condition of the property.
Older homes offer charming period features and, often, higher ceilings, quality timber floors and unique architectural features.
Older properties may need renovation of major systems such as heating/cooling, wiring, plumbing, roofing, but they can offer significantly more margin for renovation and profit.
New homes are designed to suit today’s fashions and lifestyles. They’re more likely to appeal to a wider market of tenants if well located.
New properties may be entitle you to claim depreciation, giving you extra tax benefits.