Quote:
Originally Posted by Traum
Actually, I have the completely opposite mindset, although I don't think 5 year old units are 15 - 30% cheaper than the new ones.
My thinking goes -- if there is a brand new building right next to the 5 y.o. one that I am interested in, why would I want to buy that 5 y.o. building for just a bit less money? The 5 y.o. building has 2 of its warranties run out already, and I will probably need to do at least some minor reno / painting / touch ups before I can move it. I might as well grab something new.
Not sure how others view this though.
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I went and looked at a couple of townhouse units a few weeks back that were a couple of years old and it was pretty startling how shitty they were kept up. Lots of gashes on the walls from when they moved in, stains and noticeable wear on the carpets, stains on the walls... They did a really shitty job of presenting the place I guess people think they just sell themselves so why clean?
All for the bargain price of 425k for a two bedroom in Langley. Last I checked it was still on the market at least, if that piece of crap sold for asking I'd be scared.
At that point brand new two minutes down the road was looking a lot more enticing.