Pros and Cons of buying a new-build home

Buying a new build property               

Buying a new-build home can be a great choice, no matter what stage you are at in life. Whether you’re a first time buyer, a growing family or retiree, there are lots of great new-build options out there.

Why choose new-build?

Make it your own

Most new developments offer buyers the opportunity to tailor elements of their new home to suit their individual needs. From the exact layout and room options, right through to small details like the kitchen tiles and carpets, you’ll be able to personalise your dream home and make it work for you and your family. Some options may incur additional costs, so be sure to check the small print.

Grab a bargain

If you get in early enough, you may be able to buy your property ‘off-plan’.  Many property developers and builders offer this option, and in a nutshell, it means you’ll be able to study the plans for your chosen development and reserve the exact home you want to buy.

What’s more, the price you pay when buying off-plan can be less than the property is worth once its completed. So you could have earned equity in your new home before you even set foot through the door.

Relax, you’re covered

Newly built homes are usually covered by the National House Building Council (NHBC), which means it comes with a 10-year warranty. So in the event that anything major goes wrong with your property in the first 10 years, you’ll be covered. And of course, a new home is less likely to need repairs or maintenance, which should save you money, at least for the first few years.

Energy saving

Speaking of savings, you might also find that you pay out less for your heating and energy bills, as new-build homes usually feature the latest energy-efficient appliances, insulation and triple-glazed windows and doors.

Safe as houses

New build properties must conform to high standards, particularly when it comes to your safety. So you’ll generally find that your new-build home includes features such as fire-safe doors, secure locks to the doors and windows and even security lighting.  You’ll sleep soundly in your new home knowing that the important things have been taken care of.

What are the downsides of buying a new-build property?

Developer delays

If you’re buying a home that isn’t yet complete, you may well have to exercise some patience (and flexibility) when it comes to your moving in date.  Delays do sometimes occur on new developments, and that can cause problems if you’re trying to sell your existing home, or give notice on a rented property.

Extra costs

New build properties commonly now have additional costs for maintenance of the estate roads and shared spaces, so make sure you check you whether there is a monthly maintenance charge and, if so, how much it is likely to be.

If you’re thinking of purchasing a new-build property, we can help you with the legal aspects of your move, and get you in your new home as quickly and easily as possible.  Just get in touch.

Freehold Leasehold
Mortgage No Mortgage
Freehold Leasehold
Mortgage No Mortgage

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