Is purchasing a new build property better than purchasing an older resale property?

We take a look at the advantages and disadvantages

New property benefits:-

Great choice of modern resort style communities
Many new resorts are eco friendly and far more energy efficient
Smaller deposits - spread out payments
Choice of building plots
Choice of designs
Choice of finishes
10 year warrantees
up to date technology
better infrastructure
vastly improved community facilities
built to latest codes
improved security
Better chance of capital growth
Lower insurance premiums
New appliances with two year guarantees
New carpets and appliances
New air conditioning with guarantees
Higher rental rates from tour operators once community is established
 
New property down sides:-
 
Having to wait for homes to be built
Having to finance furniture outside of a mortgage
Disruption with ongoing building works
Reduced rental whilst building works underway
Higher HOA fees to account for superior facilities
 
Resale/older property benefits
 
Good value for money
Homes ready to move into (often furnished)
Track record of rental income
Being able to see completed community and infrastructure
Wider choice of established developments
Lower HOA fees
 
Resale/older property – down sides
 
Tired communities
Little or no warrantees remaining
Houses in need of redecoration/updating
Limited choice of Resort style communities
Higher insurance premiums
Reduced rental rates from tour operators
On-going maintenance issues
Neighbouring gardens not maintained
Competition with other resale homes - slower capital growth potential