Here are just a few of the reasons why buying a new home is more preferable according to the HBF and NHBC.
Why Buy New?
A new home is fresh, bright, clean and untouched by previous owners’ choice of décor. It is a blank canvas on which the homeowner and their family can stamp their own style and personality. New homes are also much more energy efficient than older homes. This means they are better for
the environment but can also save their owners hundreds of pounds a year in energy bills. And with a new home there is no need to factor in the costs of restoration or DIY.
Lots of ways to buy
Sometimes, buying a house can seem like an impossible dream, but with new build there are some different options. Many housebuilders now offer part exchange schemes whereby they purchase a buyer’s existing home; whilst the Government’s Help to Buy scheme has enabled over 200,000 people to buy a new build home with a 5% deposit, over 80% of whom have been first time buyers. Options like this help make homeownership more affordable and achievable. Plus, new build buyers aren’t at the mercy of a long chain and the threat of it collapsing!
High build quality
New homes are built to a higher standard than ever before and our customer satisfaction survey results reflect this. From state of the art kitchens to modern double and triple glazing, the quality of a new home compared to old is evident in many ways.
Designed for modern living
New homes are designed for modern living and incorporate a range of modern designs and technologies to provide for the needs of today’s home owner. To upgrade an older house to the standards of a new build home could cost up to £45,000.
Cheaper to run
New homes built in the UK are roughly 50% cheaper to run per year than the equivalent Victorian house. That could mean an annual saving of £440 for a 1-bed ground floor flat, and £1,410 for a 4-bed detached house.
Energy efficiency standards in new homes are some of the best in the world, and CO2 emissions some of the lowest. On average, this equates to them being roughly 65% more energy efficient than an equivalent Victorian house.
Peace of mind
Peace of mind is more than just knowing you’re buying quality and getting great value for money. It’s also about being confident in the product you’re buying and knowing that you’re protected should anything happen. New home buyers are protected by their builder’s guarantee as well an independent 10-year warranty. Customers also benefit from the peace of mind given by Consumer Codes.