Published: 02/03/2022New home construction represents 21st-century living at its very best, with light, airy rooms, modern gadgets and energy-saving gizmos.
When visiting a show home, it’s easy to see yourself sitting at the stylishly laid table or sinking into the sumptuous sofa as every room has been designed to tempt you but is a new-build home the right choice for you?
Below we've explored a few of the plus points of a new-build property.
Made just for you
A new build property usually comes with the added benefit of allowing you to choose your own fixtures and fittings, colour scheme, flooring for example. From day one, you can enjoy living in a low maintenance new home without the need to spend time and money on decorating.
In a word, you'll put together a home that you have stamped your own mark on.
Everything is new
One of the main advantages of a new-build is exactly that: its newness. There’s no 1970s wallpaper screaming at you, and like a new car, you can breathe in the wonderful smell of fresh paint.
New build homes come with a 10-year warranty, as per NHBC regulations, so not only are you buying peace of mind but he warranty should protect you against any structural issues. However, always read the small print to know exactly what’s covered. All white goods will be newly installed and have their own guarantees.
Peace of Mind
Purchasing a property that other people have lived in, means you can't be sure what you're getting. It may look beautiful but has it been treated well?
With a new home you're the only person who has lived in the property so there won't be any skeletons in the cupboard.
Energy and Cost Savings
Building techniques have been developed to keep new properties warmer for longer. They are energy efficient so cheaper to run reducing future bills. They should be damp resistant, double glazed, and draughtproof, keeping you cosy in those winter months.
Data from Energy Performance Certificates shows over 80% of new homes have the highest A or B ratings. That compares to just 2.2% of existing properties.
New build homes are built to strict safety standards utilising the latest fire-resistant materials and technology linking them to smoke alarms. Certain rooms are required to have windows that open large enough to allow escape in the event of a fire.
New homes come with high levels of security. Most developers either pre-wire for a burglar alarm system, or fit one as standard. These measures can help to bring down the cost of your buildings and contents insurance.
Better Bargaining Power
Depending on which developer you buy your new build from, they will sometimes have a variety of offers to assist you. These include part-exchange and some may even boost your deposit or cover your estate agents fee if moving home.
You’ll typically have more bargaining power than buying an older property from its current owner as people often become emotionally attached to their long-time residence and may overvalue them. Builders regard the matter in a more business-like spirit.
It's possible to get more flexible financing and closing terms, particularly when working with a big national firm with its own mortgage company as part of the organisation.
A boost to buying
First-time buyers of a new build home is sometimes the only way they can get onto the property ladder. This is because schemes such as Help-to-Buy and Shared Ownership are only available on the purchase of a new home.
Developers will often include various incentives when buying a new home, such as offering to pay your stamp duty, legal costs, carpets etc.
Top-specification new builds have the latest technology and many offer ‘smart home’ features and open-plan layouts. Some may even have shared services such as a gym, spa, cinema room, business suite, lounge or concierge.
These are the two words every buyer loves to hear! The buying process should be simpler to navigate with no other parties to contend with. Once you’ve reserved your new home, it will be taken off the market.
As experienced professionals in the property market, we know that there are many factors to consider before taking the plunge and signing the contract for your new home. We hope that you will find this article helpful when making your decision and if you would like to have a chat with us, please call 020 3137 7877.