The Keywest books are always filled with a huge variety of different homes, ensuring that finding the perfect Leicester property for you should be as easy as possible.

One of the biggest problems you are likely to face is whittling down the possibilities and deciding on the type of property you want to buy. This can be especially tricky if you are buying a home for the first time or entering the buy-to-let market.

One of the biggest choices you might have to make is whether to buy a newer or older property. There are advantages to both, and so often it will come down to personal choice or individual financial or practical considerations. However, to help you decide, here are some of the major benefits of both.

Newer Homes

These can often be a good choice if you want a property that doesn’t require any work and may even be covered by warranties should things go wrong.

Buying the most common kinds of relative new-builds can also be an exceptionally exciting prospect. Offering a relatively ‘easy’ option, they can be the perfect first-time-buyer homes or properties for people who don’t need vast amounts of inside space or do not want the responsibility of huge gardens to tend.

Older Homes

Sometimes bigger is better, and older properties can often offer more space for your money. Figures show, for example, that today’s new-builds often offer 20 per cent less space than equivalent properties constructed during the 1970s.

Four decades ago, 12 semi-detached houses were often built on each acre, leaving room for a two-car driveway and a garage, whilst some of today’s terraces can have 24 properties per acre. Obviously, this does not take into consideration the standard of the builds or the location of properties.

Older, or at least ‘second-hand’ properties, can also be 20 per cent cheaper than similar new homes in the same area, offering the potential to spend money on creating exactly the right environment for you or just save money on your purchase.

These homes also don’t show the same depreciation as new-builds, which can lose a huge 20 per cent of their value as soon as you or your first tenant moves in. This means that it could be five years before the property is valued again at the price you paid.

To find out more about the types of properties currently for sale in Leicester, browse the Keywest website or get in touch with a member of our friendly team today 01162 544 555.