What is the difference between new and a resale property?
A1: A new property is either newly built, in the process of being built or is about to be built while resale property is usually older. Generally, new properties offer better financial advantages than resale ones. The main advantage is flexible payment terms (installments). There is often a possibility of getting a discount. A new property will have more modern design and interior fittings; it will be built in accordance with strict building regulations and will have minimum 5 years construction warranty. Also all new properties have to be earthquake-proof by law. A resale property is already built so you do not need to wait and as there was a previous owner it may have more character and gardens will be more mature. There are some very nice resale propertys and often come fully furnished, its down to your personal choice.
