Does It Make Sense To Buy A Brand New Home?
When it comes to buying a house, there is a vast array of pre-built homes on the market ready for buyers to move into. The thing is, some people prefer to purchase “off-plan” homes and wait for them to get built before moving into them.
As you can imagine, there are many advantages to moving into a brand new home versus a pre-built one. But, does it makes sense to spend your money on a new house, even though it will probably cost you more than an existing one? Believe it or not, the answer is yes! Here’s why more of us are making the leap into brand new home ownership these days:
You get to design it
Okay, so there are certain aspects of blueprint homes that are already designed for you. But, it IS possible to make some alterations to existing designs, such as the addition of an extra room. Or, perhaps, a different kitchen layout if you wished.
When you invest your money (or the bank’s, if you are taking out a mortgage), you have the luxury of customizing the look of your new abode. Unfortunately, if you buy an already built property, you will have to pay extra to have any renovation work carried out to your requirements.
You can enjoy a new home warranty
You know how you get a manufacturer’s warranty if you buy a brand new car? Well, a similar thing exists when you purchase new properties! The company behind the property’s construction guarantees that it will not have any defects or damage within a certain period such as five or ten years.
So, if there is some structural damage to the house, or there’s a leaking internal pipe, they will pay for the repair work. If you bought a pre-built home, you get no such guarantees - meaning you have to cover the cost of any repairs yourself.
You won’t have sky-high energy bills
There’s no getting around the fact that the cost of electricity, gas, and water utilities are on the rise. In fact, there hasn’t been a year this century where prices have significantly gone down for everyone!
When you buy an older property, one of the downsides of doing so is that you will seldom benefit from lower energy bills. That’s because old houses are generally inefficient when it comes to keeping in warmth or letting in natural light.
One of the benefits of new properties is that developers must construct homes with energy-efficient doors and windows. What’s more, brand new houses come with wall and roof insulation as standard. As you might imagine, those are costs you would need to bear for a pre-built property if it needs new glazing and doors.
When you move into a brand new house, you will notice how drafty windows and doors are now a thing of the past! And because of the way modern windows and doors get built, they help to keep the heat in during the winter and out during the summer months.
Another interesting thing to note is that many developers give homebuyers the option to have photovoltaic solar panels installed as part of the property’s specification. That means you could effectively generate your own electricity and heating if you live in sunnier climes!
Plus, any unused electricity can get sold back into “the grid” meaning that your energy bills will be reduced even further.
Air quality will be brilliant
New houses that get built must adhere to strict guidelines regarding insulation, air filtration, and pollution. As a result, you will find that the air quality in brand new properties is much better than you’re used to from older abodes.
If your new build house comes with air conditioning or climate control as well, it can be a godsend if you suffer from a respiratory condition such as asthma. That’s because filtered air systems will help to remove dust and bacteria from the air as it circulates around your property.
You won’t have to keep fixing stuff
“I’ve never had to repair anything in my home,” said no-one ever! Well, even brand new houses aren’t immune to periodic repairs. But, the types of things you will need to do won’t cost you a fortune. That means you don’t need to pay for walls to get treated and plastered because of rising mold, or holes in exterior walls due to weathering.
With a brand new house, all you have to do is move into it and just clean it on a regular basis. That’s it! Sure, some years (or even decades down the line) you may have to carry out some repair work. But, it’s never going to be anything significant or expensive as it usually is with existing pre-build properties!
Another advantage new houses have over older ones is the construction materials used to build them are better-built and well-designed. They take into account things like energy efficiency, longevity, and cost.
No danger of electrocuting yourself
It can often be a lottery of sorts when you buy an existing property. Because you can’t see through walls and ceilings, you have no idea what the state of the house’s electrical system is like! Plus, the previous owners may have done some work themselves instead of getting a qualified electrician to do it for them.
For that reason, there’s no denying that new homes are safer! All the wiring systems contained within them conform to strict construction rules and regulations, and they will have been inspected by professionals.
On the subject of electricity, you will also notice that electrical sockets are plentiful in brand new properties. That’s because most of us have a plethora of electrical equipment in our homes compared to say 50 years ago.
Should you buy a brand new house?
If you’re on the fence about whether to buy a new or existing property, you should remember that buying new offers you excellent value for money. You also get peace of mind knowing that you aren’t moving into a death trap or a money pit!