Whether you’re buying a new build home to accommodate a growing family, or seeking a better-sized home in later years, new builds are an attractive option that carry a host of benefits.
Their appeal includes the following factors:
- The owners will be the first to occupy the premises
- Fittings and fixtures can usually be selected to customise the home to the buyer’s taste
- Due to the newness, redecoration and repair costs will be low during the first few years of ownership
- Properties built to a certain standard will result in lower energy bills and running costs
New build properties also typically come with guarantees. There is typically a two-year developer period and then there is 10-year structural insurance cover available from other companies such as CRL to cover against any serious structural defects with your new home.
There are, however, potential downsides to buying a new build. When properly prepared for, however, their risk can be minimised.
Not all developers offer quality service or post-sale support. Therefore, it is important to research developers in the area where you want to buy. Read online reviews, check out forums where their work might be discussed, and visit the developer’s other sites. Never rely on their promotional material alone.