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Robert Irving Burns

Top Reasons to Invest in New Build Property

April 17, 2020    |   Robert Irving Burns

There are a lot of advantages to purchasing a new build home. As such, it’s no surprise that people are choosing to purchase a newly built property, rather than an older one.

Developers are working hard to keep up with demand. Recent government statistics show that rising numbers of are being built across the country. If you’re considering investing in a new build, here are a few reasons why you should go for it.

Why invest in a new build home?

  • They’re a sensible investment. New homes tend to be built in upcoming areas; places that have been identified by developers as a future property hotspot. This means they’re likely to hold their value well, and even increase in the years to come. This is advantageous for those wanting to sell further down the line.
  • Rental demand is high. If you’re looking for a buy-to-let property, a new build is a sensible option. Tenants are often drawn to low-maintenance homes, and few come with less issues than a newly built house. They also appreciate the contemporary design, and modern fixtures and fittings.

Make sure you check the average rental yields in the area though, as this can vary from location to location. Ultimately, if you want to generate a profit, the property needs to be in the right place.

  • Eco-friendly credentials. New builds tend to be constructed in adherence to better environmental standards. Features like double (or even triple) glazed windows, efficient boilers, smart heating and insulation are often included, which is good to know as a responsible homebuyer. Also, these features keep the heating bills low, which is a definite bonus.
  • Covered by guarantee. New homes typically come with a 10-year guarantee. This provides peace of mind if anything does go wrong, as it means you won’t be expected to pay out large sums of money to resolve any problems.
  • Reduced chain. With a new build home, you’re buying from a developer, not an individual. That means you’re at the end of the chain, and the sale won’t fall through. This is a major comfort, as it’s not uncommon for homebuyers to spend thousands on legal fees and surveys, only to have a seller pull out just before completion.
  • Extras included. New properties often come with convenient extras, at no additional cost. This might include appliances (ovens, washing machines, fridge-freezers and sometimes dishwashers and tumble-dryers), fixtures and fittings, smart thermostats, and fully turfed lawn in the garden.
  • Influence on design. One of the greatest things about buying a new build property is the level of control you have over certain features. Most developers are happy to offer a range of fixtures and fittings for you to choose from, for example. You also have influence over other aspects of the décor too, like the flooring, the paintwork, and the tiling. Some may come at an extra cost, but usually, developers are happy to accommodate your requirements.
  • Tailored to modern lifestyles. Developers pay close attention to current trends, and this is reflected in the architectural design of their properties. For example, new builds for families commonly have open-plan, airy living space, a good-sized garden, and generously proportioned bedrooms.

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