Having bought a property new myself 10 years ago, I can honestly say that I would never do so again. These people who think they are getting a $35,000 gift to purchase a brand new home with nothing to do may be in for a surprise if they have to put their hands into their pockets to make “repairs” in their new building. If they couldn’t afford to buy without a discount can they afford to live there if money is needed to correct issues in the building?
Not that every new building will have something drastically wrong. But new doesn’t mean perfect. Faults do occur, problems arise and people think they are covered by a building warranty. We did. But there we were having to raise the money to rectify works that did not meet building codes in a newly built complex. We were lucky in that all the work was “affordable” but no one expected to have to pay anything in a new building.
Suddenly those red brick 1960’s apartment blocks don’t seem so unattractive, except for their exteriors that is. But if they have solid foundations, no concrete cancer, then I would prefer to get owners to put in some money and have the outside rendered. But then gain, why try to change a good thing.