There are many advantages to purchasing a new build home. Our Home Buyer Helper team have put together this quick guide on what you’re getting, and what to look out for.
New build home advantages
- It’s new and in walk-in condition… no repairs or elbow grease required
- New builds have a high energy rating A, meaning your home is way more energy efficient. Good for your pocket, and the planet
- No bidding wars – the price is set out at the time of launch
- Help to buy and first home schemes are available to first-time-buyers of new homes
- New builds generally have other facilities included in the development e.g. playgrounds and childcare
New build home disadvantages
- New builds can be expensive relative to second-hand properties
- There can be a lead in time to completion if you buy ‘off the plans’
- New homes tend to have less outside space
- There is not enough supply!
Simple things to consider when buying a new build home
- Do your online research to establish what developments are in the planning process, or due to launch
- Try and find out if plans are available pre-launch
- If you can, study the plans to identify your preference for a particular unit within the development
Buying a new home off the plans
If you’re buying a new build home ‘off the plans’, it’s important to understand the following:
- The aspect of the property – e.g. south facing or west facing rear garden, depending on if you want sun during the day or evening
- Parking – do you have a designated space?
- Does a management fee apply to apartments, duplexes, or for gated estate communal areas?
Dont go it alone!
All doddl approved mortgage clients have access to our exclusive Home Buyer Helper service – our in-house property advisors and Chartered Surveyor, who can answer any questions you have about your search, or any properties on your shortlist.