It’s a common industry fact that people who buy a new build, have a tendency to stay with new builds, but why do many people only buy home that’s just been built, especially when you’re likely to possess to pay reasonably limited!
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 consider that is YOUR home and YOURS only!
Wouldn’t it be great to live in a house that no-one else has ever experienced? Make your own mark? Be the first ever to utilize the kitchen and bathroom? For a few people, the only home they can buy is one that’s never before been used.
New homes need to be developed to certain standards which reach strict government guidelines to ensure that they are energy efficient. Santa Rosalia Property This includes well insulated walls and floors; double glazing; energy efficient heating; draught proofing and energy efficient appliances and light bulbs. Consequently, 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 helping you save a huge selection of pounds in your running costs every year. Annual maintenance on new appliances, such as boilers and painting costs etc should be lower too, depending how well the property has been built.
4. Short chains and part exchange
The average quantity of homes in a sequence to get and sell is seven. Investing in a new build can cut that chain down dramatically, reducing the strain of moving. It can be possible to get a new build and sell your own property at the same time 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 make sure that some of the property is built in a way you are interested to be. For instance, you might be investing in a five bed house, but only want four and one of the rooms bigger. You could prefer a much better spec kitchen or bathroom.
For more information on investing in a new build home, take a peek at our property types section and take a look at our eBook and factsheets. Have you got home question you would like 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 also written numerous books, including four for Which? – Buy, Sell, Move House, Renting and Letting, Develop your Property and the Property Investment Handbook.
I’m currently one of the top property experts in the UK and regularly quoted in the press including the Telegraph, Independent, Times, Daily Mail and Express as well as featured on numerous local BBC Radio stations.