10 Reasons to Buy a New-Build

Millions of people move houses each year. In fact, people rarely stay in the same property for more than a decade nowadays. And, most of the time, they are not the first owners of their new homes.

Despite thousands of new houses being constructed annually, there are a lot more pre-existing properties available than there are brand-new ones.

If you are unfamiliar with what a new-build is, here’s what you should know. A new-build refers to a property that has never been lived in. You might be wondering whether this makes much of a difference. After all, a house is a house no matter who’s lived there! However, there are several benefits to buying a home that has had no previous occupants.

Here are ten of the top reasons why you should consider buying a new-build next time you move homes.

1 – They’re Modern

Whether you’re looking for new homes in Draper, Utah or you want a property over in The Big Apple, one of the main reasons to buy a new-build is appearance. If you love the look of a modern property that is full of the latest technology, you’re best going for a newly-built option.

2 – They Contain Lots of Additional Features

Technology is ever-evolving, and it seems that its evolution is exponential. Newer homes are more likely to have some modern technology integrated into their structure.

Whether this is a smart lock or doorbell, fancy kitchen equipment, or an extra-powerful washing machine, it’s always handy having these items included in your property from day one.

Be aware that some pieces of technology are not included in the asking price, and the estate agent might try and upsell them to you. They may also take longer to install and delay your move-in date, for example, a dumbwaiter lift takes typically 1-2 days to install. Although there is no problem paying a little extra for these additional features, be sure to check whether it’s cheaper for you to get them from elsewhere first.

3 – Less Maintenance is Required

New-builds generally need less maintenance for the first few years of your tenancy than an older property because everything is brand-new. From the stairway to the carpets to the kitchen cabinets, every aspect of the house will be constructed using modern materials.

This is going to provide you with a financial advantage by saving you money on repairs and replacements in the future.

Click here to learn more about materials that can save you time and labor.

4 – Prices are Negotiable

Asking prices are negotiable for most period houses, and it’s no different for new-builds. Of course, the property developers want to make as much money as possible, so there might be a bit of back and forth between the two of you. However, it’s worth asking for a lower price to see if they are willing to settle on a cheaper price.

Note that if the property development is still in its early days, you’ve got less chance of knocking some money off. If it’s almost complete and still has no buyers, the developers will probably be more open to negotiation.

Prior to putting in an offer, make sure to do your research so you know the true value of the property relative to those in the area.

Learn more about the challenges of building a home.

5 – Everything is Brand New

One of the most obvious benefits of buying a new-build is the fact that everything is brand-new, from the driveway to the internal fixtures to the floors.

It’s always nice knowing you’re the first to relax in the bath or chill out on the settee. You can enjoy your new home to the max in all its untouched glory!

6 -There’s No Chain

When the current homeowners of the property you’re buying are stuck in a chain, it can substantially delay the purchasing process. The advantage with a new home is that there are no existing tenants.

You aren’t left waiting for them to vacate the property before you can move in, which speeds up the whole process so you can move in as soon as the construction is completed.

7 – They’re Often More Sustainable

Newer homes are built with the environment in mind. Often, they have better insulation to reduce energy wastage, and some of them even have solar panels installed on the roof.

Whether you’re keen on going as green as possible or not, having a sustainable home provides lots of benefits. One of the main advantages is the significant reduction in your energy bills.

8 – Sales Are Quick

With the lack of a property chain, sales are often speedy. As soon as you have shown interest in one of the new-builds to the developers or estate agent, it can be yours within a matter of weeks as long as your references and down payment are confirmed quickly.

Of course, you may have to wait a few months for the property to be ready if it’s still in the early days of construction. However, you can usually set a move-in date pretty early on based on when the developers expect to complete their project.

9 – Help to Buy Schemes

There are several programs that are created to help people purchase new-builds. Help to buy equity loans are also available in some countries to allow those who are in a less financially-favorable position to get themselves a gorgeous brand-new home.

There is also the option of getting a shared ownership that allows you to partially buy the house and partially pay rent on the remainder of it.

10 – They Are Designed for Modern Living

Having a new home is not only great for the aesthetics, but it’s also extremely practical. New-builds are usually designed for modern-day living, with open plan layouts, decent-sized bedrooms, and plenty of electrical plugs for all of your devices.

They are often more space-efficient, meaning you have room to store all of your belongings without having a cluttered living space! You also have more opportunities to make your home exactly how you want it to be and rearrange the furniture and accessories with the more open-plan designs of new homes.