How Should I Compare New-Build & Resale Condominiums?

New buildings may offer modern systems and facilities but limited operating history. Resales show actual fees, management, defects, occupancy and surrounding development. Compare net internal area, storage, parking, construction quality, sinking fund, repairs and resale competition. A well-run older building can be stronger than a new project with untested management.

No property type is automatically safer or better. The best fit is the one whose rights, costs and responsibilities the buyer understands and can maintain for the planned period of ownership.

Confirm current property-specific details through documents, inspection and appropriate independent professionals before committing money.