You can see why property buyers are attracted to new-build homes, especially first-time buyers. Buying a new property removes many of the pain points that can come from buying an existing home, such as having to deal with the chain, making extensive upgrades and improvements after you’ve moved in, and having to contend with poor energy efficiency.
New-build homes, good ones at least, remove those issues in one fell swoop, and can also function as a good investment. Alas, they do still come with the classic issue that property buyers face: you have to go through the process of finding and buying the right one.
Undertaking that journey soon? We’ve put together a few handy tips that should make the process more straightforward.
Figure Out Your Priorities
A new-build home will give you a lot, but it can’t give you everything. To get the home that’s right for your needs, you’ll need to figure out what matters most to you. It could be that you value a location close to the city, in which case a far-flung new-build won’t be for you. On the other hand, having as much space as possible could be paramount, in which case you might have to look at more rural areas. Ultimately, there’s nearly always a trade-off, so spend some time figuring out what matters most to you.
See What’s Out There
There are more than 200,000 new-build homes added to the UK property market each year, which is another way of saying that there are plenty of options out there. Given the sheer number of properties, it’s recommended to use a property portal that allows you to filter the results by location, property type (apartment, house, etc), number of bedrooms, and budget. It can be a little overwhelming to see how many properties are on the market, but a good property portal will make it much easier, since it’ll just show you the properties that meet your requirements, and nothing else.
Look at the Builder’s Reputation
The standard of new-build homes in the UK is generally very high, but you’d much rather know that your home builder has a good reputation before you begin the buying process. Even homes that look good upon initial inspection can have hidden issues that you might have to pay for later.
Reading reviews from other homebuyers who have bought from the developer will give you a good insight into their reputation and what you should expect. It’s also important to pay particular attention to the warranty that the developer offers, since they’re not all created equal. Having a strong idea of what costs you are responsible for, and what costs your developer is responsible for, will prevent misunderstandings later.
Spend Time In the Local Area
Finally, spend time in the local area. Most new builds are in up-and-coming areas, but you’ll need to live there from day one. You don’t have to love it, necessarily, but you should at least be broadly happy with the amenities, the community, and how long it takes you to reach work.