Are you a first-time buyer looking at getting on the property ladder? You might be weighing up the pros and cons of purchasing a previously inhabited home or investing in a new build property. In this blog, we look at the reasons why when it comes to buying a new build, first time buyers can benefit a lot. Here they are:
1. The Décor
With new builds, you are able to choose the décor from a selection of colours and materials provided by the developer. You might have thought that compromising on your tastes is part and parcel of buying a home, but when you purchase a new home the decor in every room of your house will be to your choice.
2. No Chain
A chain is when there are several linked sale and purchase transactions. For example, if you are selling and buying, there is a chain. In a chain, everyone aims for the same completion day so you move out of your house and into your new house on the same day. With a new build, you move in when the property is constructed and the developer agrees to a date – unless, of course, there are delays in finishing construction work.
3. New Builds Comply With Up To Date Building Regulations
From insulation, to the materials used for the construction itself, a major advantage of new builds is that they comply with the latest building regulations. This can give you peace of mind from a legal standpoint, especially if you come to sell the property.
4. New Builds Are More Energy Efficient
New builds can come with more energy efficient features which can help you save on overheads such as electricity. Not only that, but they can also serve to increase the value of your home, putting you in a more profitable position when it comes to selling.
5. A New Community
Of course you’ll have to get acquainted with the new neighbours but remember that many of your neighbours will be in the same position as you. You might all have moved into your new properties around the same time and this can foster a feeling of community and friendship.
6. New Builds Carry A 10-Year Warranty
Every new house that is purchased in the UK comes with a new home warranty from warranty providers such as the National House Building Council (NHBC) or LABC and covers the structure of your new home, offering you peace of mind.
7. Deals For First Time Buyers
You will find that there are many new build deals that first-time buyers can benefit from in terms of budget. In many cases, it might be cheaper to opt for first-time buyer new build mortgages than a previously inhabited property in another location
So there are seven reasons why first-time buyers shouldn’t shut the door on new builds. Rely on Bowsers to provide you with wide ranging advice on freehold and leasehold purchases. Call us today on 01354 652 606.