David Bexon, Managing Director of smartnewhomes.com, said:
2. New build vs. older homes:
“New homes offer a number of advantages over old homes and can save buyers a great deal of money in running and maintenance costs. New homes are protected by a 10 year warranty, usually provided by the NHBC, which covers purchasers against defects and provides peace of mind for buyers – particularly important in this uncertain financial climate. There are plenty of offers and financial incentives to choose from, which can be of enormous help to cash-strapped first time buyers in particular. NewBuild Homebuy, for example, allows a buyer to split ownership of a new home with a housing association or private organisation. It is also often possible to negotiate deals on soft furnishings and appliances.
"One of the main advantages of buying a new home is the fact that they are 40% more energy-efficient than homes built at the start of the decade, which can result in savings of around £500 per year on energy bills. They also adhere to high standards of fire safety and are kitted out with new window and door locks and alarms, which will result in cheaper home and contents insurance."
7. Potential pitfalls:
“By buying a new home from a developer it is possible to avoid much of the stress of doing a deal in the wider market, where the vendor might change their mind and pulling out of the sale, or a survey might throw up worrying results about the structural condition of the property. Part exchange, where new home buyers sell their home to the developer in part exchange for their new home, eradicates the property chain entirely and results in a stress-free transaction."
10. How to find the best property:
"Property portals are extremely useful and very user-friendly, enabling buyers to get a feel for the whole market and compare homes within their price range. smartnewhomes.com represents 85% of all new homes being sold by all the top developers and also provides details of special offers and incentives. Our research shows that the vast majority of house hunting is now carried out online, which is much faster and more efficient than trudging the streets and looking in estate agent windows."
See Also: Property News (0), Press Releases (0), New Build (0), NHBC (0), National House Building Council (0)
Date Published: 01 December 2009
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