The new build vs old house debate has heated up in recent years – but we don’t like to pick sides. Each option comes with its own pros and cons;
For many first time buyers, a new build is the best path to purchasing. With most government schemes and incentives for those looking to make their first step onto the housing ladder only available on newly constructed properties, a brand new home or off-plan agreement could mean the difference between affordability and being priced out by high traditional deposits.
Developers are often more than willing to throw in a few extras to sweeten the deal – from stamp duty and legal fee payments to free white goods or carpets.
If you’re buying an off-plan or recently constructed property, you can take joy in knowing that your brand new home will be all yours, immediately after approval. The lack of an upward or downward chain means buyers don’t have to wait for sales to complete on other properties – minimising otherwise looming stress and lead times.
- Reduced Bills and Maintenance
New build homes’ high levels of insulation and modern building techniques can ultimately end up making significant savings on bills and maintenance costs compared to older properties.