Buying a home is one of the biggest decisions many of us make in our lifetime, and with so much to consider it can feel overwhelming. New build homes can provide lots of benefits which cater to any homeowners needs. Here’s seven reasons why a new build home is a great choice for first-time buyers, growing families, and downsizers alike.
1. Improved energy efficiency
Equipped with the latest technologies, new build homes are energy-efficient, greatly reducing their environmental impact. From insulation systems to solar panels, and energy-efficient appliances, you could enjoy a home that helps minimise your carbon footprint and household bills.
An amazing 85% of new build homes achieve an EPC rating of A or B according to government data[1], with less than 5% of older properties achieving the same energy performance. This improved energy efficiency allows new build homeowners to a save up to £184 per month on their energy costs (as shown in a report from the Home Builders Federation), a total yearly saving of over £2,200![2]
2. Contemporary designs and features
Beyond the environmental factors, careful attention is given to how your home can complement your lifestyle. Open-plan layouts and multi-purpose living spaces help create homes which easily grow and adapt to your needs, whilst features like additional plug sockets and storage spaces can help make daily life that little bit more comfortable.
3. Great support for buyers
If you’re struggling to afford your dream home, schemes such as Shared Ownership can provide much needed support. Through the scheme you can purchase a share in a new build home that’s affordable for you and pay a reduced rent on the rest. In addition, deposits start from just 5% of your purchased share value, making those saving goals much more achievable.
What’s more, many developers will offer attractive incentives to make moving as easy as possible, including:
- Stamp duty or deposit contributions
- Free white goods, fixtures and fittings, or carpets and flooring
- Gift cards or vouchers
- Part exchange schemes
4. 10-year warranty
The vast majority of new build homes receive a 2-year guarantee from the house builder and a 10-year structural warranty from the National House Building Council or a similar warranty provider, offering long-term peace of mind should any problems arise. Plus, as the home is brand new, any white goods that come with the property will also be under warranty.
5. Less maintenance
Constructed to the latest building standards and using innovative materials and technology, new build homes provide the best in safety and security measures. As a result, you can rest assured that your home is in great condition and avoid the costly repairs and maintenance that can come with older properties.
6. Personalise your home
A new build home is a blank canvas, allowing you to free your creativity and create your perfect home. With no renovations to do, you can get straight to putting your own stamp on your home, or just unpack and relax!
7. Chain-free move
When you buy directly from a developer you can avoid the complicated property chains often associated with buying a pre-owned home. With fewer people involved, you can gain greater control over your timeline, helping you to move into your new home swiftly and without unnecessary hurdles.
Find our full range of new build homes available with Shared Ownership here: https://www.sovereignliving.org.uk/developments
[1] https://www.gov.uk/government/news/latest-figures-show-increase-in-new-energy-efficient-homes