Buying a New Build Apartment

scon1234

Hi Guys,

First time buyer here, very inexperienced and looking for some advice.

I've found an apartment that I would like to put an offer in on. It's a brand new build so the vendor is the building company. Should I still offer under the asking price or do people generally offer asking price straight up with a new build?

Also what are your thoughts on ground floor apartments vs middle floor duplex apartments?

I intend to live there for a few years then sell it on. What is more appealing generally buyers?

I've been told that ground floor apartments are quite unappealing and difficult to sell. Would it be easier to sell a duplex on the second floor?

Any advice would be greatly appreciated, I'm going for a second viewing tonight

justcat

Treat them like any other vendor, or how you would try and negotitate on the price of a sofa. You don't have to go for the asking price.
I've never bought a flat, but if I did, I wouldn't go for ground floor!

ReadingTim

With new builds you're more likely to be able to negotiate on extras (kitchen, bathroom, interior finish etc) than a reduction in the asking price - suggest you try that approach first.

scon1234

justcat wrote: »

Treat them like any other vendor, or how you would try and negotitate on the price of a sofa. You don't have to go for the asking price.
I've never bought a flat, but if I did, I wouldn't go for ground floor!

Yeah I thought as much. I was really unsure about the ground floor too. Definitely thinking the duplex would be a better option all round.

Thanks for this, I didn't think it would be very wise to ask the estate agent for advice haha.

scon1234

ReadingTim wrote: »

With new builds you're more likely to be able to negotiate on extras (kitchen, bathroom, interior finish etc) than a reduction in the asking price - suggest you try that approach first.

Ah that's interesting. Thanks for the info.