New or Old Home? Your Guide to Making the Right Choice

• Choosing between new and old flats depends on usage, budget, and location.
• New flats are recommended for self-occupancy, offering modern amenities and lower initial maintenance costs.
• New flats are more expensive and may be in developing areas; old flats are cheaper but might require maintenance and carry document risks.
• Old flats are suitable for rental income if construction quality, documents, and location (with high resale activity) are thoroughly verified.
• When buying resale, verify legal issues, owner details, loan dues, and ensure direct registration with the property owner.

Why It Matters: It helps buyers make a critical financial decision: new vs. old home.