Understanding New-build Properties

Understanding New-build Properties

ZUNE TH

S AT TA R

Understanding New-build Properties Zuneth Sattar

Across the UK, the government has emphasised the importance of building homes to address the national housing demand.

New-build homes are seen as an answer to this need, as they encompass brand new properties that have never been lived in or bought by anyone.

O

ne of the major benefits of considering a new-build home is that the level of maintenance required is relatively low compared to that of an older property, at least initially.

New-build properties tend to have better insulation so that energy costs are lower. Potential homebuyers who consider these properties through off-plan schemes can also have a say in the design of the home.

What’s Included?

For a new-build property, homeowners find that the fittings and features they’d have paid for with an older property are already included in the price. Some developers also go the extra mile to include appliances or flooring options with the house, mostly as a way of upselling the home. Still, building standards prioritise energy efficiency in new-build homes, so these features are a plus.

Potential Drawbacks In some cases, it can be difficult to get a mortgage to purchase a new-build home. In others, the occupants might find themselves dealing with various faults and problems in the home once they move in.

IN SOME CASES, IT CAN BE DIFFICULT TO GET A MORTGAGE TO PURCHASE A NEWBUILD HOME. IN OTHERS, THE OCCUPANTS MIGHT FIND THEMSELVES DEALING WITH VARIOUS FAULTS AND PROBLEMS IN THE HOME ONCE THEY MOVE IN.

For a new-build property, homeowners find that the fittings and features they’d have paid for with an older property are already included in the price.

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