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Is it better to buy a new home or one to renovate? Discover the ideal solution for you.
New home or home to renovate: which is really worth it?
When deciding to buy a property, one of the first questions that comes to mind is whether it’s better to purchase a new home or one that needs renovation.
The answer depends on several factors, including budget, timing, personal needs, and investment goals.
In this article, we’ll examine the pros and cons of both options to help you make the right choice.
Table of Content
New home: comfort and peace of mind
Home to renovate: customization and potential savings
What’s the best choice?
New home: comfort and peace of mind
Buying a newly built home means moving into a modern, energy-efficient space that complies with the latest regulations.
All systems, fixtures, and finishes are brand new, and there are no unexpected costs for maintenance or upgrades.
Key Advantages
Energy savings and lower maintenance costs
No need for structural work
Builder’s warranty included
Faster move-in times
However, the price per square meter of newly built homes is generally higher, and they are often located in urban expansion areas, which tend to be less central than historic properties.
Home to renovate: customization and potential savings
Buying a home in need of renovation can be a strategic choice, especially for those looking for a good deal or who want to personalize every detail of the property. Additionally, thanks to tax incentives for renovations, it’s possible to recover part of the investment.
Key Advantages
Generally lower purchase price
Greater room for negotiation
Possibility for full customization
Tax incentives (renovation bonus, eco-bonus)
On the other hand, renovating requires time, technical know-how, and careful budget management to avoid surprises.
What’s the best choice?
If you're looking for a move-in ready, modern home with no hassle, new construction is the ideal solution. But if you want a property to invest in and make your own—and you're ready to oversee the work—a fixer-upper can be incredibly rewarding.
In conclusion, there is no one-size-fits-all answer to the question “Is it better to buy a new home or one to renovate?” Engel & Völkers is here to help you evaluate all your options and find the perfect home for your needs.