When buying a home, you need to consider many things. More so if you are planning to purchase a pre-owned house and lot. All the apprehensions that you may be feeling are justified. You are about to spend a sizable amount of your hard-earned money, after all.
Before actually buying your home, you probably already have a set of criteria in mind. You already know if you want to live in the city or somewhere beyond the metro with the same convenience. At this point, you already have an expected number of bedrooms or an ideal floor area in mind. At the last minute, however, you may have thought about buying a pre-owned home. Should you invest your money in them?
Below, we have summarized the advantages and disadvantages of buying a pre-owned home in a master-planned community.
Advantages of Buying a Pre-Owned Home:
1. More practical
Buying a pre-owned house and lot is usually more practical than buying a new one. Depending on the state of the home you are acquiring, you will be able to save with pre-owned properties where everything is already in place. This way, you save time and money to get your home ready for you and your loved ones.
2. Everything in your home is already in place
As mentioned above, pre-owned houses already have all your essential utilities in place. This way, you would not have to worry about processing applications for water, electricity, and the likes. It is also more advantageous to buy a pre-owned home if you are the type who prefers to have everything ready for move-in immediately.
Pre-owned houses are already calibrated to be lived in. You do not have to think about dividing your open floor area or how much space your kitchen should take.
3. Everything in your community is already in place
When you buy a pre-owned home, you also buy your way into an established community. It means coming home to a tight-knit neighborhood where people probably already know each other. In addition, established communities are also likely to be complete with your essential needs.
4. Bigger space
If the house had been constructed back when lots were not scarce, chances are the pre-owned property has a lot of indoor and outdoor space. This means you can enjoy a bigger porch, garden, and parking space in your home.
Disadvantages of Buying a Pre-Owned Home:
1. More maintenance
Maintenance costs for older homes may be very high as these houses were not built with the current standards in mind. Older homes might need an upgrade. It may require some maintenance in its water, energy, and plumbing systems to become more efficient. In short, you would need to invest more for your home to be comfortable enough to live in. Depending on the house’s age, upgrades can be costly for you and might not be feasible for your budget.
2. Indoor and outdoor renovations
Lastly, buying a pre-owned home usually means a lot of repainting and renovations. While some homes may be timeless, some houses do not exactly fit your present tastes. Sometimes it’s just one room, but it could also be the entire house and lot. It is also inconvenient if you need to expand since you need to recalibrate the wirings and pipes. Renovating the outdoors can also be an expensive project over time. Sprucing up your fence, gutters, roofing, and landscape means more cash outflow.
3. Out-of-pocket costs
Aside from the significant maintenance budget required, your pre-owned home may also require more out-of-pocket costs. Since your home is not brand new, you may also want to remodel its interiors and change some appliances. Plus, you may end up spending more on maintaining those machines in the long run than just buying a new one.
Why should you consider Camella?
If you want to be guided on your home-buying options, Camella offers you a wide selection of houses for sale that cater to your specific needs. Whether you’re looking for a ready-for-occupancy (RFO) home or a pre-selling house, Camella has a property for you.
1. Spacious house and lot
Whether pre-selling or RFO, Camella is the practical choice for you. Camella offers you well-designed homes that you can customize according to your needs. Each Camella house comes with a wide lot area, from affordable starter houses for sale to grand homes for expanding families. You can then turn this space into a parking area, a home garden, or a refreshing outdoor lounge.
2. Strategic locations
Whether pre-selling or RFO, Camella is the practical choice for you. Camella offers you well-designed homes that you can customize according to your needs. Each Camella house comes with a wide lot area, from affordable starter houses for sale to grand homes for expanding families. You can then turn this space into a parking area, a home garden, or a refreshing outdoor lounge.
3. Access to amenities
Each Camella master-planned community comes with amenities like active and green spaces. Here, you can stay fit with swimming pools, basketball courts, tennis courts, and jogging trails found within your community. If you want a quiet morning or afternoon stroll, the clubhouse, pocket parks, and the green circuits are perfect for you. Lastly, your kids can have the best of the outdoors with open spaces and playgrounds within Camella’s communities.
4. Safe and secure
Buying a house in Camella promises you the value for your money. Aside from convenience and accessibility, Camella also guarantees your safety and security. Here, communities are equipped with CCTV cameras and perimeter fences. This is on top of the community’s round-the-clock roving security.
The bottom line
When it comes to buying your pre-owned home, weigh all the advantages and disadvantages based on your preferences. Do some research and inspect the property you are buying thoroughly before the purchase. Deciding what is the best for you can be an exciting process, and if you are patient enough, soon you will have a home to call your own. Remember that at the end of the day, the best home is one that keeps you and your loved ones comfortable and safe.
For more information on your home investment and house and lot for sale options, you may check out our property page. You may also visit our house catalog page to find the most suitable home for you.
