New Build Properties: What are the pros and cons of buying a new house?
Posted on 15th March 2024
Purchasing a home is a significant milestone in most people’s lives, and deciding between buying a new build or an older property is a crucial part of the decision-making process. Each option comes with its own set of advantages and disadvantages. Here, our Conveyancing Solicitors in Preston explore the reasons why you might want to buy a new build house and also the reasons why it might not be the best choice for you.
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Reasons to Buy a New Build House
Customisation Options:
One of the most appealing aspects of new build homes is the ability to customise your home before it’s built. Buyers often have the option to select floor plans, finishes, and fixtures that match their personal style and needs.
Energy Efficiency:
New builds are often more energy-efficient than older homes due to the use of modern construction materials and standards. This can lead to significant savings on utility bills and a smaller carbon footprint.
Less Maintenance:
With everything from appliances to roofing being brand new, new build homes typically require less maintenance in the first few years after purchase. This can save homeowners time, money, and the hassle of dealing with repairs.
Warranties:
New builds often come with warranties that cover parts of the construction for a certain period, giving homeowners peace of mind that any major issues will be dealt with by the builder. A common new build scheme is NHBC, which you can find more about here.
Modern Living Standards:
New build homes are often designed with modern living in mind, offering open floor plans, smart home technology, and other amenities that might not be found in older properties.
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Reasons Not to Buy a New Build House
Premium Pricing:
New build homes often come with a premium price tag, meaning you might be paying more per square foot compared to older properties in the same area.
Smaller Plots and Closer Proximity to Neighbours:
To maximise space and profits, builders often construct new homes on smaller plots and closer together than older homes. This can lead to a lack of privacy and outdoor space, which might be a big-no for some buyers in our Conveyancing Solicitors in Preston’s experience.
Lack of Character:
Some buyers find that new build homes lack the unique architectural details and character found in older homes, which some people consider gives property its charm.
Construction Delays:
The timeline for completing a new build can be unpredictable, with delays due to weather, supply chain issues, or labour shortages potentially affecting when you can move in.
Initial Teething Problems:
While new builds come with warranties, they can also come with teething problems or construction defects that may not become apparent until you’ve moved in, requiring further dealings with the builder or developers.
Whether a new build house is right for you depends on your personal preferences, lifestyle, and financial situation. While the allure of customising a brand-new home and enjoying modern amenities is strong, the higher costs, potential for delays, and lack of character could be deal-breakers for some. It’s essential to weigh these factors carefully and consider your long-term needs before making a decision, as every individual will have different requirements and wishes when it comes to their home.
Once you have found the property you are purchasing, contact our Conveyancing Solicitors in Preston on 01772 783314 or email property@mglegal.co.uk for a fixed-fee quote. Our Conveyancing Solicitors are CQS accredited, SRA regulated solicitors, with years’ of experience in property purchases, ensuring your transaction runs smoothly from start to finish, to your required timescales.
Why choose MG Legal, Conveyancing Solicitors in Preston?
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Tagged as: Conveyancing, Solicitors in Preston
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