So, you’ve decided to buy a new home! You’re making an excellent choice that will improve your life considerably. However, there’s a lot of stress with such a big purchase. It’s critical to understand what to look for when purchasing a new construction home, as well as how to ensure you’re getting the best deal feasible. We’ll guide you through all you need to know about buying a new build house in this article.
Location
Thousands of new build homes for sale are available in the United Kingdom. The first step is to choose where you want to live. Consider things like commute times, schools in the area, and whether you want to be near family and friends while choosing a location. Start looking at projects in the region after you’ve chosen a place to live.
Open Days
Come to an open house for the construction. This is a fantastic chance to get a sense of what it’s like to live there in person, meet the team, and hear more about the development. It’s also an opportunity to ask any queries you may have about the project or purchase procedure.
Show Home
Look at the show home to see how the developer normally finishes projects and the quality of his workmanship should be excellent. Inquire with the team whether you can view a sample of the fixtures and fittings that will be used in your house so you’re not disappointed.
Overall Development
Always request to take a walk around the whole development. This will allow you to view the common areas, parking availability, and any other on-site services. It’s also an excellent opportunity to get a feel for who else will be living there.
Fixtures & Fittings
Depending on the plot’s development, you may be able to choose finishes, such as kitchen worktops and tiles, as well as flooring choices. If this is the case, be sure to inquire about improvements. For example, you might be able to get granite worktops for a little extra money.
Specification
When purchasing a new home, it’s critical to double-check the details. The specifications include things like the sort of windows and doors that will be installed, as well as the insulation’s quality. All of this data should be provided by the developer.
Energy Efficiency Rating
An energy performance certificate (EPC) is required for all new houses in England and Wales. The energy efficiency rating is vital to consider since it will influence your operational expenses as well as how environmentally friendly the property is.
Asking Price
The asking price for a new build property is generally greater than the market value. This is due to the fact that developers frequently include flooring and fitted kitchens in their rates. It’s crucial to remember that you have the power to negotiate, so don’t be scared to haggle away.
Deposit
Reserve your plot and future home. To do this, you will be asked to pay a deposit – typically between £500 and £5000. Once you’ve paid the deposit, the property will be removed from the market and reserved for you.
Guarantee
Purchasing a new construction implies that you are getting a warranty, as well as the assurance that everything is fresh. You should be given a NHBC (National House-Building Council) or equivalent guarantee by the developer. This will protect you against property flaws for an unspecified amount of time after you move in.
So, there you have it – all you need to know about purchasing a new build property. Keep in mind to do your study, ask lots of questions, and take your time. You’ll be able to discover the right house if you put in a little effort.
