Pros and Cons of buying a new build property

A simple guide to the Pros and Cons of buying a new build property in the East Midlands

Brand new homes are becoming extremely popular as many people prefer new homes to existing homes. However it is always wise to do some research into the pros and cons of buying a new build property.

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The Pros of Buying a New Build Property

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[icon icon=”check” size=”small” style=”none” shape=”inherit” text_color=”#f48a00″]Newly built homes are typically more energy efficient than existing properties.

[icon icon=”check” size=”small” style=”none” shape=”inherit” text_color=”#f48a00″]If you buy before construction you may be able to choose fixtures and fittings.

[icon icon=”check” size=”small” style=”none” shape=”inherit” text_color=”#f48a00″]There are no chains involved in the sale ensuring a smooth purchase process.

[icon icon=”check” size=”small” style=”none” shape=”inherit” text_color=”#f48a00″]Funding and deposit schemes are widely available when purchasing a new build property.

[icon icon=”check” size=”small” style=”none” shape=”inherit” text_color=”#f48a00″]Home maintenance will be minimal when purchasing a new build property.

[icon icon=”check” size=”small” style=”none” shape=”inherit” text_color=”#f48a00″]New build homes are designed for modern day living with open plan kitchens and big family bathrooms.

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The Cons of Buying a New Build Property

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[icon icon=”check-minus” size=”small” style=”none” shape=”inherit” text_color=”#f48a00″]In the long run a new home may cost up to 25% more than a similar existing property.

[icon icon=”check-minus” size=”small” style=”none” shape=”inherit” text_color=”#f48a00″]New build homes are commonly built on reused land ( brown fill sites) which can cause many problems inc flooding.

[icon icon=”check-minus” size=”small” style=”none” shape=”inherit” text_color=”#f48a00″]New homes are known to have thin walls, small rooms and a lack of storage space.

[icon icon=”check-minus” size=”small” style=”none” shape=”inherit” text_color=”#f48a00″]Newly built properties often lack the architectural detail and charm of older properties.

[icon icon=”check-minus” size=”small” style=”none” shape=”inherit” text_color=”#f48a00″]If you are hoping for a tree lined street with an established neighborhood you are unlikely to find this in a new build development.

[icon icon=”check-minus” size=”small” style=”none” shape=”inherit” text_color=”#f48a00″]Prices may seem appealing in the brochures however remember that all extra fixtures and fittings will probably cost more.

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 Buying a new home is often one of the biggest financial commitments that you will ever make. With so many potential drawbacks considering the pros and cons of buying a new build home is essential.

If you are moving into a new build property and need professional help…