Buying an existing property: 7 arguments for buying an old building

The decision to buy a property is one of the most important and largest investments in life. There are many factors that need to be considered in the process. One option that is often considered is buying an existing property, especially an older building.

There are many arguments that the purchase of an old building property can be a good choice. Among other things, the charm and history of an aged building can have a big impact on the decision. Also, the price is often lower than for a new building. But there are many other advantages, which we will explain in more detail later in the article.

However, it is also important to keep in mind that there may be some disadvantages with an old building, such as a higher renovation cost or possible defects. Therefore, it is important to carefully weigh the pros and cons to make the best decision. In the following, we give you seven arguments why the purchase of an existing property, especially an old building, can be a worthwhile investment.

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7 Advantages of buying an existing property

An existing property, especially an old building, has many advantages over a new building.

• Historical charm: Old buildings often radiate a unique charm, which is achieved through characteristic details such as stucco, floorboards or high ceilings.
• Central location: Many old buildings are located in central parts of the city, which are well connected to public transport and have a good infrastructure.
• Lower purchase prices: Often existing properties are more favorable than new buildings, since with these already signs of wear and tear are present.
• Individual design options: With older buildings, individual wishes can be better implemented, as they often offer more leeway in design.
• Sustainability: The long service life of an old building can be considered sustainable, as no further resources are needed for construction.
• Lower utility costs: Due to the mostly massive construction, old buildings have a good energy storage, which can be reflected in lower heating costs and thus lower utility costs.
• Preservation of value: If an old building is well cared for and maintained, it can increase in value or at least remain stable due to its historical value.

So as you can see, there are many good reasons to buy an existing property, especially an older building.