The decision to buy an older home or new build home often boils down to personal preference. Whilst some people prefer period properties with a unique historical personality, others look towards a brand spanking new home with little maintenance.
In this article we explain the advantages of buying a new build home over an older property.
1. Design Input
New build property often comes with the added benefit of choosing your own fixtures and fittings, colour scheme, flooring and so on. From the onset you can enjoy living in a low maintenance new home without the need to spend time and money on decorating. Thus more time for entertaining your friends and family!
2. Structural Warranty
New builds come with a 10 year warranty, such as the ones provided by LABC Warranty, which will protect you from any major structural defects to your home.
Apart from the peace of mind that you get with having a warranty, it also offers significant financial savings should any problems occur during the life of the warranty. For more information check out our New Homes Summary.
3. Energy Efficiency
New build homes are built to a much higher standard nowadays and have to adhere to minimum standards for energy efficiency. With ever increasing energy costs, it is an important factor to consider when buying a new home as it could help save you money in the long term.
Overall, new build homes are far cheaper to run and will dramatically reduce your household carbon footprint. Although you can retrofit certain elements of an existing house to improve energy efficiency, it is often costly. In addition, new homes typically offer better air filtration which increases indoor air quality, reducing symptoms from those who have asthma or allergies.
There are often more deals available when buying a new home. For example, the government’s Help to Buy equity loan scheme offers buyers the chance to purchase with as little as a 5% deposit.
New homes come with higher levels of security. The majority of builders either pre-wire for a burglar alarm system, or fit one as standard. These kind of measures can help to bring down the cost of your buildings and contents insurance.
Modern homes are built to strict safety standards utilising the latest fire-resistant materials and technology linking them to smoke alarms. Certain rooms are also required to have windows that open large enough to allow escape in the event of a fire.
New homes offer the latest designs, security, safety and quality. They provide a care-free lifestyle so that you can enjoy your home, not work on it.
By Olivia Catterall
Please Note: Every care was taken to ensure the information in this article was correct at the time of publication. Any written guidance provided does not replace the reader’s professional judgement and any construction project should comply with the relevant Building Regulations or applicable technical standards. However, for the most up to date LABC Warranty technical guidance please refer to your Risk Management Surveyor and the latest version of the LABC Warranty technical manual.