Cost Comparison: Renovation, Furniture, Taxes for New Build vs Resale

Introduction

Buying a home means more than the purchase price. Renovation, furniture, and taxes often make up a large share of total spending. This guide compares typical costs for new-build (primary) and resale (secondary) properties and gives practical tips to estimate and manage your budget. 🏠

Quick overview

• New-build: usually less need for major structural work, but you may need finishing, appliances, and furniture. Developer services can add extras.
• Resale: may come with existing finishes and furniture, but older systems or hidden defects can require significant investment.

Renovation: what to expect 🛠️

New-build

Many new units are delivered in a basic or semi-finished condition. Expect costs for finishing, extra sockets, heating or cooling hookups, and final inspections. The advantage is planning: you can stage the work and choose modern standards from the start.

Resale

Older units may need anything from cosmetic refreshes to full replacement of plumbing, wiring, or windows. These works are less predictable and often take more time, especially if the building requires communal upgrades.

Tip: Hire a technical inspector before purchase to avoid surprises.

Furniture and appliances 🪑

• New-build buyers often need to furnish from scratch: kitchen units, wardrobes, white goods, and window coverings.
• Resale purchases may come partially furnished, but style and condition can be outdated. Replacing some items might be more cost-effective than repairing them.

How to save: consider staged furnishing, custom built-ins for long-term value, or financing options to spread costs.

Taxes and legal costs ⚖️

• Taxes and fees depend on the transaction type and legal regime. New-build transactions may include registration fees and additional charges tied to developer agreements.
• For resale deals, pay attention to transfer taxes, notary fees, and any outstanding bills tied to the property.

Practical rule: confirm tax and registration obligations with a lawyer before signing contracts.

Hidden costs and risks 🚩

• New-build risks: delays in handover, extra paid services from the developer (parking, connections), and defects to be fixed after acceptance.
• Resale risks: unclear legal status, unpaid utilities, or concealed structural problems.

Advice: request full documentation and a utility statement from the seller or developer.

Budget planning checklist ✅

1. Define your maximum budget and priorities (location, condition, rental potential).
2. Get a technical inspection and a repair estimate.
3. Prioritize essential furniture and appliances; delay aesthetic upgrades if needed.
4. Set a contingency reserve proportionate to expected works.
5. Clarify taxes and legal fees with a lawyer.
6. Stage the project: purchase → repair → furnishing → move-in.

Scenarios (no exact numbers)

• If you need fast move-in with minimal work, choose a well-finished new-build or a turnkey resale.
• If price and location are top priorities, a resale property may be better, but verify condition and legal clarity.

For investors and families

• Investors focus on entry cost, renovation-to-rent timeline, and long-term maintenance. New-builds can offer modern systems that reduce short-term maintenance, but furnishing will be required.
• Families prioritize neighborhood, schools, and the home's condition; a well-located resale can reduce daily living costs.

Conclusion and tips

Budget beyond the purchase price: plan for renovation, furniture, taxes, and unexpected fixes. Prepare a clear estimate and select reliable contractors. Need help evaluating options or making a budget estimate?

Contact BuyHome — we can help you compare new-build and resale options and calculate realistic post‑purchase costs. https://buyhome.ge/en/search