Purchasing a property, especially if it’s your first home, is a big life decision. And just like all major steps in life, you want it to be the best, and you want to make a smartnand informed decisions about it. With umpteen options in the market, the starting point to this decision would be to decide between a pre-owned property and a new build Property.
Older properties have the risk of maintenance problems that may not be visible until you start living in them. In new-build properties, every element is brand new and spotlessly clean. This is definitely a major plus for many.
What else makes it an attractive option and not one to be dismissed lightly?
What are the benefits of purchasing a new build property?
While an old property may be more value for money from an immediate perspective, a closer look at the pros of a new build property may deem it more valuable in the long run. Here’s a quick look at the benefits of owning one.
- No chain
- Lesser maintenance
- Customise the finish
- Energy efficient
- Better choices
As you buy directly from the developer, there is no risk that the seller may not live up to his or her side of the deal. Once your finances are sorted, the purchase process can be completed, taking away a big part of your stress in the moving process. However, once you have finalised the purchase, the developer may set a definitive deadline for you to complete the process. It can add pressure if you have a property to sell to fund the new purchase.
New build properties are built as per the latest regulations and have to follow specifications. This may guarantee no repair and maintenance work for quite some time. There is also a 10-year maintenance warranty from NHBC or National House Building Council, which covers structural defects, if any, of the building. There may also be an additional warranty that covers white goods like fridge or washing machine that’s been given by the builder.
If you have confirmed a property, you may be able to customise the inside as per your choice. Apart from choosing the type of flooring or colours, you may even be able to make minor layout changes. These will help to make the property more your own and personalised.
Newer properties are built using energy optimisation methods, like insulation and central heating. These aid in reducing environmental damage and also help in reducing heating bills.
New build properties are built to cater to the needs of modern buyers. In tune with modern lifestyles, you may find that balcony perfect for barbeques or fabulous views on a top floor in one of these residential developments.
However, bear in mind that it may be harder to get a mortgage approved if you are looking to take that route. Also, you will have to rely on a show home or your imagination to picture the completed structure while making your decision.
But a new build property could be a perfect choice if you want something as per modern standards, and you do not want something pre-owned.
Glentree can help you find the new build properties as per your needs. We have an extensive list of properties available for sale and rent, and we’re constantly adding new ones.