The Autumn Statement included a commitment from the Chancellor of the Exchequer to increase funding for home building, with a £2.3bn Housing Infrastructure Fund to deliver up to 100,000 new homes in high demand areas, re-affirming once more the dire need for creations of new homes across the country. If you are fortunate enough to live in an area where house building is prevalent there are a number of good reasons to buy a new home:
Save money on bills
Under the Code for Sustainable Homes, a national standard for sustainable design and construction of new housing, newly built homes are more efficient – cost effective heating systems, insulation and double glazing mean more pounds in your pocket from Day One.
The Government Help-to-Buy scheme allows both first time buyers and previous home owners to buy a new home with as little as a 5% deposit. Individual developers will often also offer a range of promotions such as Part Exchange and Home Change.
New homes often come with a 2 year developer warranty plus a 10 year NHBC certificate.
No onward chain
Buying a new build limits the risks and eliminates some of the time delays that can be attached to buying a property with an onward chain, especially if you have a related sale that is part of a downward chain.
Everything is new
From an efficient modern central heating system, secure double glazed windows and doors, freshly decorated walls and, depending upon specification, sometimes the newest technology all with manufacturers’ warranties. This should mean no time-consuming maintenance or repair bills for you.
A blank canvas
A new home offers a fresh start with, subject to timing, your choice of kitchen, bathroom, fittings and finishes.
Many new homes include security locks, lighting, smoke alarms, fire doors (where applicable), alarm systems and fire retardant materials and consequently are often more secure and safer than older buildings.
Modern family life has evolved and this lifestyle is reflected in the design and layout of new homes, which may not be the case with older properties. New homes are designed to maximise every inch of space as effectively as possible.
High spec living
New homes come with fitted kitchens, usually including a range of appliances, bathroom suites, often also en suites and may also incorporate features such as under floor heating.