When considering purchasing a property, it’s important to think about not only the initial purchase price, but also the long-term costs of ownership. With an older home, there can be a significant financial risk associated with hidden defects or outdated systems. In contrast, new-build homes are covered by comprehensive warranties that protect against structural defects and appliance failure. Additionally, new-build homes are built to the latest specifications, meaning that they are less likely to experience problems such as water leaks or electrical faults. As a result, new-build homes offer greater peace of mind and lower long-term costs, making them an attractive option for savvy property buyers.
It is evident that the quality of new-build properties has been on the rise in recent years, as developers attempt to cater to the changing needs and wants of modern buyers. One of the biggest changes that has been seen is an increase in the range of facilities and amenities that are now being offered as standard. Swimming pools, gyms, cinema rooms and onsite parking are just some of the features that are now commonly found in new-build developments. In addition, many properties also include concierge and security services, which provide an extra layer of protection and peace of mind for residents.
As we all know about British weather, it is not predictable. In the space of a week, temperatures can fluctuate from freezing to balmy, and back again. As a result, it is essential to have an energy-efficient home that can be easily adapted to changing conditions. Older properties tend to be less well-insulated, meaning that they lose heat more quickly and require more energy to maintain a comfortable temperature. In contrast, new builds are designed with energy efficiency in mind, and as a result, their occupants can enjoy lower heating bills. In addition, energy-efficient homes are better for the environment, as they produce fewer greenhouse gases. With the UK’s climate becoming increasingly unpredictable, investing in an energy-efficient home is more important than ever.
Equipped with CCTV new-builds offer safety and protection for your property and loved ones. Most new-builds have an on-site security or concierge, who can help to monitor activity and provide assistance in the event of an emergency.
A new-build property offers a lot more included within its price. For example for the purchase price you receive a brand new fully fitted and integrated kitchen with a warranty. This eliminates any need to worry for the maintenance and management whilst your property is tenanted. This means that you are less likely to experience void periods or have to make costly repairs. In short, a new-build property offers peace of mind and a stress-free investment opportunity.
It is also worth noting most old buildings do not have air conditioning whilst many new-build homes have state-of-the art heating and cooling systems and possibly even smart technology. Smart home technology allows you to control the temperature of your home remotely. This can be a great perk if you are someone who likes to be in control of their environment or if you travel frequently.
Buying a brand new property offers the convenience of purchasing a blank canvas. Therefore purchasers do not need to worry about undertaking costly and renovation and redecoration works. Depending on the stage of the development purchasers may even have a say in the design of the property.
You will be the first purchaser and first resident of your home. There will be no upward chains to contend with, nor tenants or occupants you need to wait upon before you move into your home. The process of purchasing a new-build home is very straightforward. In most cases, you simply need to choose your desired property and floor plan, then put down a deposit. Once the construction is complete, you will be able to move in and start making memories in your new home.
Off-plan properties offer flexible payment plans which take pressure off your cash flow. As a result, you can spread the cost of the property over a longer period of time. This can be particularly helpful if you are self-employed or have other irregular income.