If you are looking for a property, whether it is to buy or rent, it is worthwhile thinking about a new build. If you are a landlord, a new build may be a popular option if you are looking for a low maintenance investment. There are pros and cons of both new and old homes, but with many people taking an interest in new build properties, there is obviously plenty of reason for you to start thinking about them.
What features do new build properties have?
Many new builds include extra security elements as standard, such as concierge and secure parking. Also security lights and locks, fire and burglar alarms, as well as fire doors will come as standard. A new home is often better insulated than an older property, and all new houses have double glazing as standard, which is better at keeping out the cold and draughts. Although all of these things can be installed in older properties, it is easier to buy a property which already has these things included.
Much of today’s tenant demographic are looking for smart and stylish homes that are easy to live in, without any concerns about cold, damp or awkward conversions. Many new builds have been built as flats or smaller houses and so are perfectly designed for their target household. This should appeal to those who want a stylish home that will impress other people.
Who buys new build properties?
For first-time buyers new developments can be attractive, often running early interest incentives and help to buy schemes. A property being sold buy a new homes builder or developer will also be offered chain free, creating an easier sales process.
If you are looking for a buy-to-let property which is still being built, you may be able to take advantage of a multi-purchase discount. Initial deposits followed by a thirty day exchange will secure the units until point of completion, which will be when the build is complete.