It’s a well known industry undeniable fact that those who buy a new build, often stick to new builds, but why do many people only buy a house that’s just been built, especially when you are likely to own to cover a premium!
However, with gas, electricity and water bills getting higher and higher and the pressure to become more’sustainable ‘, more people are embracing new builds instead of buying a second hand home.
1. It’s nice to think this really is YOUR home and YOURS only!
Wouldn’t it be great to live in a house that no-one else has ever held it’s place in? Make your personal mark? Be the first ever to use the kitchen and bathroom? For some people, the only real home they could buy is one that has no time before been used.
New homes need to be built to certain standards which reach strict government guidelines to make sure 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. 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 helping you save countless pounds on your own running costs every year. Annual maintenance on new appliances, such as for instance boilers and painting costs etc ought to be lower too, depending on how well the property has been built.
4. Short chains and part exchange
The common 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 worries of moving. It is also possible to get a brand new build and sell your personal property at once via 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 personal spec
If you buy off plan, it is possible to make sure that a number of the property is made in ways you want it to be. Like, you could be investing in a five bed house, but only want four and one of many rooms bigger. You might prefer an improved spec kitchen or bathroom.
For more information on investing in a new build home, take a look at our property types section and have a look at our eBook and factsheets. Have you got a house question you would like an unbiased and independent answer to? Call us on 0845 838 1763.
I have already been a consultant to the property sector for several years and been renovating properties for over 20 years. I also have written several 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 many top property experts in the UK and regularly quoted in the press such as the Telegraph, Independent, Times, Daily Mail and Express along with featured on several local BBC Radio stations.