Are you searching for new home in the market? If so, you might be wondering if now is the time to buy a brand new build, or if you should stick with a second hand property. In this blog post, we will explore the pros and cons of both options and help you make the best decision for your needs. We’ll also take a look at some of the financial deals available to those looking to buy a brand-new home. So, whether you’re a first-time buyer or someone who’s moving up the property ladder, read on for all the information you need!
A new build home is a property that has been built from scratch or is part of a newly constructed development. These homes are usually sold by the developer, rather than being put on the open market. There are lots of housing developers around the UK, with many new homes being developed every day! Check out new homes Cardiff for some new home inspiration!
The benefits of buying a brand-new home
There are lots of benefits to buying a brand-new home, especially if you’re a first-time buyer. One of the biggest advantages is that you won’t have to worry about any unexpected repair bills, as everything will be brand new. You’ll also get peace of mind knowing that your home meets all the latest building regulations.
Another plus point of buying new is that you’ll be able to choose the exact specification of your home, from the kitchen worktops to the flooring. And, if you’re buying off-plan, you may even be able to put your own stamp on the property by choosing things like fixtures and fittings.
Of course, one of the biggest benefits of buying new is that you’ll be the first person to live in your home! This means that everything will be sparkling clean and fresh, and you won’t have to deal with any unwanted surprises.
What are the drawbacks of buying new?
The main drawback of buying a brand-new home is that they can be more expensive than second hand properties. This is because you’re paying for the cost of the land, as well as the construction and materials.
Another downside of buying new is that it can take longer to move in, as the build process can sometimes be delayed. This is something to bear in mind if you’re looking to buy a property quickly.
Finally, it’s worth noting that some new build developments can be located in less desirable areas. This is because developers often buy up cheap land on the outskirts of towns and cities. So, if you’re looking for a central location, you may want to stick to second hand homes.
The financial benefits of buying a brand new home
There are lots of financial benefits to buying a brand new home. For a start, most developers offer Help to Buy schemes that can make the process more affordable. This is especially helpful for first-time buyers who might not have a large deposit saved up.
Another financial perk of buying new is that you won’t have to pay Stamp Duty on properties that are worth less than £500,000. This can save you a lot of money, especially if you’re buying in London or the South East of England where property prices are high.
Finally, many developers offer incentives to buyers, such as part-exchange deals and free legal fees. These offers can make the process of buying a new home much simpler and more cost-effective.
There are lots of things to consider when you’re deciding whether to buy a brand new home or a second hand property. We hope that this blog post has given you some food for thought and helped you make the best decision for your needs!