1. Modern amenities: New condos often come equipped with modern amenities, such as smart home technology, energy-efficient appliances, and updated building systems.

2. Higher rental yield: Being new it is more attractive to tenants who are willing to pay a premium to stay in a new development.

3. Low maintenance: New condos typically require less immediate maintenance and have warranties for appliances and building components.

4. Improved resale value: New condos may have better resale potential due to modern features and a longer period of time before major maintenance is needed.

Buying an old condo

1. Established community: Old condos often have a well-established sense of community, with mature landscaping and an existing neighborhood feel.

2. Location and size: Old condos may be located in more established neighborhoods with mature amenities. They may offer larger living spaces compared to some newer properties.

3. Lower cost: Old condos might be more affordable than new ones, especially if they require some updates or renovation. This can provide an opportunity for buyers to customize the space to their preferences.

4. Historical charm: Older condos may have unique architectural features and historical charm that appeal to certain buyers.

Ultimately, the decision between buying a new condo or an old condo will depend on the buyer’s individual preferences, lifestyle, budget, and the specific market conditions. It’s important for buyers to weigh the pros and cons of each option and consider which factors are most important to them.