New Construction vs. Old Buildings: Which Is More Worthwhile?

Real estate buyers often face the question of whether it’s better to invest in new construction or a renovated apartment in an older building. Each option comes with its own advantages and disadvantages, and it’s important to understand the specific aspects before making a final decision.

1. New Construction: Pros and Cons
One of the main advantages of new construction is the modern infrastructure and installations, which means fewer issues in the first few years. New buildings also often include additional features such as garages, elevators, and better energy efficiency and insulation. These factors reduce maintenance costs and increase long-term savings.

However, new construction typically comes at a higher price per square meter, which can be a significant initial cost. Additionally, if you’re buying a property that’s still under construction, you’ll have to wait a few years before it’s completed.

2. Old Buildings: Pros and Cons
On the other hand, older buildings may offer more square footage for a lower price—an attractive option for those seeking more space. If the apartment in the old building is well-maintained, the construction quality can be very good, and you’ll often be able to move in sooner.

However, older apartments may have outdated infrastructure and weaker insulation, which can lead to higher renovation costs and the need for improvements in energy efficiency. Renovations can also be expensive and require additional time and effort.

Which Option Is Better?
The better choice depends on your goals. If you want to move in quickly and get more space for less money, an older building may be the better option. If modern infrastructure, lower maintenance costs, and long-term savings are more important to you, new construction might be the best choice.