Buy a second hand home and, on average, you’ll spend on average £22,000 on getting it just the way you want it. Also, on average, UK adults spend over five hours a week doing DIY and gardening related activities and it takes a year to get it to your required standard. You’ll also spend an average of £28,000† on a deposit, stamp duty and solicitor’s fees. That’s £50,000 you need to find at a time when finding any amount isn’t easy.
So what is an eager Home Buyer to do? How can you save £££££ and buy your dream home? The answer is simple…buy a New Home!
Here are our top 10 reason for buying a New Home.
1. Be the first
There’s nothing quite like moving into a pristine, new home, clean and untouched by previous occupiers. As the very first owner of New Home you don’t have to worry about the previous owners bad taste or worry about re-wiring and repairs. Simply move in, enjoy your new home and take your time deciding on the décor.
2. Spoilt for choice
New homes come in all shapes and sizes, from small studio flats to grand five bedroom houses and there are countless designs and styles to choose from – something for everyone. Subject to the stage of construction, many housebuilders will offer a bespoke service to customers enabling them to choose fixtures and fittings, or a higher specification from an options range at an additional cost.
3. Built to suit modern lifestyles
New homes are built to make use of every inch of space. Research shows 17% of living space in older style properties often goes unused, which translates to £34,000 of £200,000 house going to waste. New homes, on the other hand have been designed to maximise space and natural light and will provide flexible living space whatever your circumstances.
4. Move in fast and with less stress
There’s no upward chain when buying a new home so you don’t have to wait for the existing owner to vacate the property. When your house is ready you can move in. Also, with part-exchange scheme’s, the hassle and stress of selling your home is removed.
5. Stay safe and sound
New homes are designed to adhere to high building standards. These standards relate to every aspect of a building’s construction including its structure, ventilation, sound insulation, electrical and fire safety, so new home owners can enjoy living in a safe and secure environment. Also, the modern locks and alarms means lower house and contents insurance premiums.
6. Enjoy living in a high spec home
New homes are built to a much higher specification than many older homes. The amount of ‘as standard’ features included in new build homes has also greatly increased. Today, many Housebuilders have interior specification which includes fitted kitchens with oven and hob, fridge/freezer, washing machine, wine chillers and dishwasher plus many have well designed bathroom specification. Designed to comply with the very latest building regulations set by the Government, new homes are also kitted out with the latest heating systems, excellent wall and loft insulation, double glazed windows and doors.
7. A greener choice and save money too!
Older homes demand more energy than they ought to for heating and they also waft heat into the atmosphere. New homes are already 6 times more energy-efficient and generate over 60% less CO2 emissions than older style homes. The country’s houses causes 152 million tonnes of carbon dioxide to seep into the atmosphere every year. Find out how much carbon dioxide your home produces by using the CO2 calculator.
So new home owners can take comfort that they are doing their bit for the environment. But it’s not just about the planet, improved energy efficient saves money too and living in a new home can reduce energy bills by more than £500 per year!
8. Enjoy piece of mind
Most new homes are protected by the National House-Building Council’s (NHBC) 10-year Buildmark warranty and insurance providing new owners with peace of mind which those buying second hand property simply do not have. In addition to this NHBC cover most Housebuilders include their own two year warranty of the property, with a supporting customer care service should any issues arise.
The NHBC is the standard setting body and leading warranty and insurance provider for cover on more than 80% of new homes built in the UK and currently protects approximately 1.7 million homes. Find further information about the NHBC
9. Recycling urban land –
Many new homes are now being built on brownfield or recycled land. The land is carefully cleaned through a process of remediation before building begins. These urban locations are typically close to shops, public transport and other amenities so home owners are less reliant on their cars.
10. Benefit from the range of offers.
In the current climate there are some great bargains to be had. Even the best New Homes on the market may offer a range of incentives for the eager buyer. And with the severe lack of finance currently available, most people are going to need some help to get on the property ladder. Housebuilers right across the country are offering a huge range of exclusive deals. From “Shared Ownership” to “Try Before You Buy”, discounts and cashbacks – there’s a deal designed to get you moving!
Based in Edinburgh, Scotland Midas Property Consultants is a creative sales and marketing services company focused on serving the New Homes Industry, Estate Agents, Property Developers and private homeowners. We offer high level strategic consulting based on years of experience. We build marketing campaigns, showhomes, marketing suites, homestaging, and all the marketing tools you require to sell your properties.
If you would like to talk to us about your sales and marketing needs, then we would love to listen.
†Source: RICS, Department of Communities and Local Government