Should I buy or build?

If you rather decide to buy and not build you have to decide whether to buy an established house or newly built house from a developer. Each has different financial implications:

Advantages of a newly built house

You do not have to put up with the previous owner’s taste and have the choice of deciding what finishes you desire and make your dream home a reality.

Disadvantages of a newly built house

Settling cost is high such as to establishing a new garden, paving, and security. The new home with the smart kitchen is more expensive than a less expensive home with the not so smart kitchen.
Most newly built houses are on the outskirts of the city far from work and shops.

Advantages of an established house

No additional cost: established pool, garden, fencing and security. Home prices not so expensive, has potential for upgrading and extending.
Conveniently located nearer to work and shopping centres.
Not so smart kitchen but can be fixed up to satisfaction.

Disadvantages of an established house

Put up with previous owners taste, older finishes that you would not have chosen.