New Year New Home
Is 2022 the year that you want to realise your dream of purchasing your own home? If so, you may have been looking at both new and existing properties to compare the spec and price. But what are the reasons why buying new is the best choice over buying an existing property?
Why buy new?
A newly built property is your chance for a fresh start – a home that is clean, bright, fresh and untouched by any other owners. There’s no dodgy DIY to fix, no one’s taste to put up with and a blank canvas for you to put your own stamp.
Being new, your home will be highly energy efficient and cheaper to run than an existing property – this is especially important with the recent rise in energy prices. Your new home will have been built to the latest environmental standards and so your carbon footprint will be lower compared to an older property. You’ll have a brand new, efficient heating system, insulation, double glazing and often the sale includes integrated highly efficient appliances.
Price is a very attractive factor – you won’t be in an ‘offers over’ situation and paying possibly more than it is worth – the price is fixed and fair, and often new build homes are competitively priced in order for them to sell swiftly. In 2021 the property market was unprecedented with demand outweighing supply, and the result was properties going for up to 20% over the asking price. Buying new prevents you from paying over the odds and struggling to get finance on a home you’ve set your heart on.
Another reason to buy new is the range of generous incentives available – from additional fixtures and fittings to low reservation fees, you can also have your say on the fixtures and finishes if you reserve early enough.
When buying a newly built home, you aren’t in a purchasing chain. You pay a reservation fee and it’s yours – making the process much less stressful. What’s more, you can move in as soon as you’re ready without having to take into consideration a seller’s plans – so from the start there is no uncertainty.
You will not only have a point of contact with your sales representative and excellent customer care but you’ll also have a 10 Year Home Warranty for peace of mind.
You’ll be spoilt for choice with a range of property styles, sizes and locations to choose from and whatever you choose, it could be the best investment you can ever make especially if you’re using the Mortgage Guarantee Scheme.