It’s a well known industry fact that those that buy a new build, have a tendency to stick with new builds, but why do many people only buy a property that’s just been built, especially when you are likely to have to pay for reduced!
However, with gas, electricity and water bills getting higher and higher and the pressure to become more’sustainable ‘, more individuals are embracing new builds instead of shopping for a second hand home.
1. It’s nice to think that is YOUR home and YOURS only!
Wouldn’t it be great to call home in a home that no-one else has ever been in? Make your own mark? Be the first to use the kitchen and bathroom? For some people, the only real home they could buy is one that has never before been used.
New homes need to be created to certain standards which reach strict government guidelines to ensure that they’re energy efficient. Santa Rosalia Property Including well insulated walls and floors; double glazing; energy efficient heating; draught proofing and energy efficient appliances and light bulbs. As a result, new homes are better for the environment.
3. Lower utility and maintenance bills
It’s estimated that new homes are six and half more times efficient than second hand homes, potentially saving you hundreds of pounds on your running costs every year. Annual maintenance on new appliances, such as boilers and painting costs etc should really be lower too, depending how well the property has been built.
4. Short chains and part exchange
The average number of homes in a chain to get and sell is seven. Purchasing a new build can cut that chain down dramatically, reducing the stress of moving. It can be possible to get a brand new build and sell your own property at the same time frame with a part exchange scheme where you buy the newest build and the developer buys your property and sells it on.
5. Fit it out to your own spec
If you buy off plan, it is possible to ensure that a number of the property is made in ways you are interested to be. For example, you could be purchasing a five bed house, but only want four and one of the rooms bigger. You may prefer an improved spec kitchen or bathroom.
To learn more on purchasing a new build home, take a look at our property types section and have a look at our eBook and factsheets. Do you have a property question you need an unbiased and independent response to? Call us on 0845 838 1763.
I have now been a consultant to the property sector for numerous years and been renovating properties for over 20 years. I have written numerous books, including four for Which? – Buy, Sell, Move House, Renting and Letting, Develop your Property and the Property Investment Handbook.
I am currently one of the top property experts in the UK and regularly quoted in the press like the Telegraph, Independent, Times, Daily Mail and Express in addition to featured on numerous local BBC Radio stations.