Sat 16 Mar 2024

Should I Buy a New Build Property?

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When it comes to searching for your dream home, one of the key decisions you’ll need to make is whether to opt for a new build rather than an older property. Newly built homes come with pros and cons, making careful consideration crucial. Read on to find out what to take into account when deciding whether a new build property is the right choice for you.


The allure of new builds

New builds are incredibly appealing to many home buyers, with their modern design features, immaculate condition, and the promise of minimal maintenance requirements in the first years of ownership making them an attractive option. Some of the biggest benefits of new builds include:

  • Modern amenities. New builds tend to come equipped with a series of modern amenities, ranging from energy-efficient appliances and smart home technology to high-end finishes, catering to today’s discerning buyers.
  • Customisation options. When you buy a new build, you may be able to customise certain elements of your home, such as the flooring or fixtures. This allows you to create a living space to suit your personal tastes and needs.
  • Lower maintenance costs. You can expect to pay less to maintain a new build in the early years of ownership. This is because everything is brand new and built to modern standards, making the need for major repairs or replacements less likely.
  • Many new builds come with warranties that cover various aspects of the property. One of the most common is structural warranty, which covers the structural integrity of the property, usually for a period of 10 years.

Considerations for new builds

New builds are certainly an attractive option for many homebuyers, but there are several important considerations to keep in mind before making a decision, including:

  • Limited character. One of the obvious downsides of new builds is that they may lack the charm and character of older properties. If you want your home to have historical features, a new build may not be the best fit.
  • Potential delays. Building new build homes can take time, and there is always the possibility of delays along the way. Bad weather, supply chain issues, and construction issues can all contribute to project delays, potentially impacting your move-in date.

Before deciding whether to opt for a new build or an older property, it’s a good idea to take time to view different types of properties, taking into account your needs, personal tastes and budget. Consulting with our experienced estate agents in Romford can help you make an informed decision, providing personalised guidance to help you find the perfect home for you and your family.

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