Compass Real Estate > Cambodia Investment Guides > The Benefits and Drawbacks of Purchasing a Used House

The Benefits and Drawbacks of Purchasing a Used House

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2021-09-30
Summary:A used house is certain to have the charm and the years of history and memories that make living in a second hand home more sentimental. However, you should know that buying a used home has its risks and rewards. The following are some of the benefits and drawbacks of purchasing a used house.

There are a few things to keep in mind if you're thinking about purchasing a used home. Because so many purchasers are opting for new homes rather than second hand homes, it’s important that you think about all of your possibilities. A used house is certain to have the charm and the years of history and memories that make living in a second hand home more sentimental. However, you should know that buying a used home has its risks and rewards. The following are some of the benefits and drawbacks of purchasing a used house.

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1 Benefit

The sale of second-hand houses generally needs to consider many aspects, such as the age of the house, the place that needs to be rectified, the remaining and so on, which are important factors affecting the house price, Generally the homes price of second-hand homes will be lower than the new home price in the same area. Existing housing transactions, where second-hand housing has been basically completed, are existing housing deliveries. Then you can clearly see the real quality of the housing. New houses generally only show floor plan,it is impossible to truly feel the authenticity of the house, and the second-hand house is a good reflection of this point. The complete supporting facilities Construction of second-hand houses has been completed for a long time and the surrounding living facilities have been gradually upgraded and perfected with the passage of time. Therefore, the surrounding areas of second-hand houses are generally convenient for transportation, densely populated, and well developed for commerce. This is relatively suitable housing for those who want to live there.

2 Drawbacks

 As the residence year of the house becomes larger, the environment of the community becomes dilapidated, and the surrounding environment of the community will also become obsolete. Moreover, more people choose to buy new houses outside, so the flow of people in second-hand houses has also become smaller. Second-hand houses generally have a relatively high age, so the house has a large degree of damage, and the construction time is too long, and the house has a certain degree of damage. There may be many areas that need to be repaired, especially the water and electricity transformation of kitchens, bathroom. Moreover, the previous building materials and building techniques are relatively outdated, and the function of the materials will gradually be lost after a long time.

Disclaimer: The re-forward articles on Compass website are for the purpose of conveying more information, and it does not mean that the Compass website agrees with its views or confirms the authenticity of its content. Article noted as "Source: Compass original", please note that the source from Compass. The content of the article is for reference only and should not consider as investment advice, and it does not mean that Compass agree with its views.

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    2022-11-28

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