The benefits of buying a new home

Not only does a brand new home offer you a blank canvas to which you can add your personal touch, they often have significantly greater energy efficiency and fewer maintenance requirements.

So, let’s have a look at some of the benefits of buying a new home.

Energy savings perks

Energy efficiency is likely to be at the top of every buyer’s lists, and it’s a great benefit that all newly built homes have to offer. With the latest insulation and heating systems, most new home owners will have lower energy bills and, in some cases, these new homes might even surpass any potential Government minimum standards that are soon be introduced.

Little to no maintenance needed

Additionally, maintenance costs are typically lower when buying new, and you won’t have to worry about expansive upgrades of old kitchens or bathrooms. Not only does this avoid a lot of disruption, but also removes expensive planned and unplanned maintenance costs.

Move in straight away

When buying new, you don’t have to worry about annoying and often time absorbing sales “chains”. Once the new build is finished and all the paperwork is complete, all you need to do is move your things into your new home and enjoy the excitement of settling in. The housebuilder won’t hold things up by struggling to find their next home!

New home incentives

In addition to all the practical benefits, there are various incentives available to new home buyers, including the:

• Key workers scheme, available for some developments that help public sector employees onto the property ladder
• Part Exchange, where you can use your current property as part-payment for the new property you want to buy (subject to status)
• Assisted Move scheme, where you’re assisted in selling your current property in order to buy a new build
• Many housebuilders will also offer bespoke schemes such as contributions to deposits, stamp duty and legal fees. Our team will be able to advise on where this is possible on a case by case basis.

Another major incentive to buying a new home is the Shared Ownership scheme*. With this Government backed scheme, you may have the chance to own a home that previously felt out of reach.

Shared Ownership is intended for eligible people who are looking to buy an affordable home to meet their housing needs. When buying through this Government backed scheme, you buy a percentage of a house or apartment and pay a discounted rent to a Registered Provider/Housing Association on the remaining share that you don’t own.

This means a smaller deposit, and importantly a smaller mortgage, which of course is a great way to help you get onto the property ladder.

As your circumstances change, you can buy more shares as and when it’s affordable, usually between 25%-75%, and eventually up to 100%. In most cases, you can own your home outright.

From energy savings to having access to unique, money saving incentives, buying a new home has many benefits. So if you’re looking for a great home, why not have a look at what’s available in the new build market today?