New-build properties can be a great investment, whether you’re a first-time buyer or if you’re keen to expand your family and think you need a bigger home. However, many people wrongly assume that because it’s a new home, there won’t be any problems with it… but you should treat the house purchasing process in the same way that you would any other house, irrespective of age.
Before you move in, the developer should invite you to the house so you can give it the once-over and check that there aren’t going to be any issues after you’ve moved in. This is the perfect time to check whether there are any problems like worktops being scratched, holes in the walls or chips in the sinks – if you wait until you move in to raise concerns such as these you won’t be able to prove that they were there before you relocated.
When it comes to the double glazing in the property, make sure that you check there is no condensation between the panes as it means it hasn’t been fitted properly and will need to be redone. All new-build homes should come with this as standard but you need to check that you’re getting what you’ve paid for – and that your house won’t end up costing you a lot of money in the long run, whether that’s in having glazing refitted or in high energy bills.
New-build houses are an appealing prospect for many buyers because it’s nice to think that you’re the first person to live in that house ever and redecoration and repairs shouldn’t need to be done – or be that costly if you do want to redecorate. Running costs and energy bills are also typically reduced, while new homes usually come with guarantees as well, such as the National House Building Council’s ten-year warranty.
As you can see, there are lots of plus points about opting for a new-build but be aware that there are a few pitfalls that may present themselves if you don’t keep an eye out for them. You’d be wise to do some background research into your choice of developer and also go and visit their other sites to see how they look. Take some time to chat to the local residents and find out their feelings – never just rely on the PR material the developer brings out. You need to really get a feel for what it is you’re buying, as you would with any other property.
Also be aware that a new-build property will likely drop in value the moment you move in, much like it would if you were to buy a new car. Don’t expect to get your money back on the purchase if you decide to move within a couple of years.
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