Should you buy a new build? While older homes have their charm, there are many benefits to buying a brand new property. Below are 10 reasons to consider buying a new build.
Customization
Many people buy new builds ‘off-plan’, which involves buying them before they are built. Doing this often allows you the freedom to customise certain features during construction from the flooring to the orientation of rooms. This does mean that you don’t get to see the property in-person before buying, however there will likely still be display homes such as this Orange display home or virtual plans to look at.
Energy-efficiency
New builds are often extremely well-insulated and are fitted with energy-efficient fixtures like LED lighting and condensing boilers. Some even have solar panels already fitted. Compared to many older homes, they are typically much more energy-efficient – saving you money on your energy bills.
Less maintenance
Older homes typically come with more wear and tear, which means more frequent repairs. With a newer home, you may not have to worry about any repairs for a good few years – saving you stress and money.
Guarantee
If your new build does encounter problems in the first few years, you’ll usually be covered by a guarantee. This means that if your home does need repairs, you won’t need to pay for them. Just be wary that these warranties do not always cover every type of repair.
No chain
Buying a property with a previous owner means that you have to wait for them to move. If they’re trying to buy a home and there are delays it can have a knock-on effect on you. Big delays further up the chain can have some buyers waiting over a year before they can move in. With a new build, such as those available in the Kestrel Summerlin area, you don’t have to worry about these delays and will have a much more accurate move-in date.
First-time buyer incentives
If you’re a first-time buyer, you may be eligible for discounts on new builds of help with funding for new builds. These incentives typically don’t apply to older properties. Consequently, it’s often cheaper for first time buyers to choose new builds.
No ghosts
If you’re superstitious about ghosts, a new build could be a good option. No previous owners means no deaths in the property – unless the property is being built on an ancient burial ground, you don’t have to worry about hauntings.
Good security
Home security has improved a lot over the last few decades. An older property may still have doors or windows that are relatively insecure, whereas a new build will be fitted with ulta-secure windows and doors.
Healthy design
You can also be certain that a new build will be constructed to modern health and safety standards. You don’t have to worry about hidden asbestos or old wiring. Such homes are also likely to have ample natural light.
Cheaper pricing
New builds are typically cheaper to buy than older properties. This can be due to them being built in cheaper locations, but in many cases it is simply due to the fact that there is no previous seller trying to make a big profit. You could find that you get more for your money when buying a new build as opposed to an older property.
