If you’re looking at buying a new build home, the chances are you’ve considered the benefits. However, here are 9 things you may not have even thought of…
When you buy a new build, you won’t have a chain of buyers above you. Yes, it’s an obvious one, but being the first ever owner of a house certainly reduces stress during this period.
Modern homes are more energy efficient so when you buy, you can have peace of mind that you’re doing your bit to protect the planet.
A further benefit of energy efficiency is the impact it will have on your bank balance! Using less energy means significantly lower monthly bills – the average owner of a new build saves £600 on bills annually!
When you buy an older property, more often than not, you’ll need to spend additional time and money on refreshing it, with the average improvements costing between £10,000 and £30,000. Think how you could spend that extra money!
New builds tend to be more secure than older properties. With more stringent safety regulations and high quality security systems, you can ensure the safety and security of your family.
Government schemes like Help to Buy mean that you can borrow more money than you would with a traditional mortgage. The government lends you up to 20% of the cost of your new build home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest. Better still, you won’t be charged loan fees on the 20% loan for the first five years of owning your home.
New homes are great because they’re designed with contemporary living in mind. Larger kitchens and space for socialising will enable you to enjoy quality time with the family.
A new build is a perfect blank canvas for your interior design ideas, allowing your imagination to run wild! With clean lines and white walls, the possibilities are endless.
Finally, and one thing that many new homeowners don’t realise, is that you’ll benefit from a warranty when you buy a new build. This means, in the unlikely event of any issues arising, you’re fully covered!
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With the Government backed Help to Buy scheme you can move in to a new home with as little as a 5% deposit.
The 'Help to Buy Equity Loan' is available to first time buyers as well as existing homeowners.