New builds offer the unique promise of modern amenities, energy efficiency, and most importantly, a fresh start. When buying a new build home, it’s important to approach the process with caution and thorough research to ensure that you’re making a wise investment. Here are some of the crucial factors to consider when buying your first new build home.
Many new build warranties are designed to give homeowners peace of mind for the first 10 years after the construction of the property. The NHBC Buildmark warranty is the most common in the UK, covering defects in the first 10 years after construction. Make sure you understand the coverage and any additional guarantees provided by the builder, as you will need to refer back to this if there are any problems with your new home.
Research the developer responsible for the new build. Check their track record, customer reviews, and any previous projects. A reputable builder is more likely to deliver quality construction and customer satisfaction. Look for membership in industry associations like the National House Building Council (NHBC) for added assurance.
One key element of buying any new property is finding out whether it is leasehold or freehold. Traditionally, new build houses are typically freehold, whereas new build flats are often leasehold – but it is imperative to check. If it’s a leasehold property, you will have to pay ground rent to the freeholder, and you may also be limited in what changes you can make to the property. Your solicitor can investigate for you and make sure there aren’t any unfair restrictions before you exchange contracts with the seller.
Unlike traditional homes, you may buy the home during its production, which means delays are probable.
Here are some of the most common reasons for a delay upon completion of a new home:
Poor weather
Lack of materials
Labour shortages
Short deadline
Your estate agent and the developers will keep you up to date throughout the process, but it’s still important to know your rights. If you do run into any delays, make sure you speak up right away.
The age-old adage remains true when buying a new build property. The location should be at the top of your list of priorities. Consider factors such as proximity to schools, healthcare facilities, transport links, and local amenities like shops and parks. You should also evaluate the area’s overall appeal and potential for future development.
One of the benefits of new builds is their energy efficiency. Look for properties with high Energy Performance Certificates (EPC) ratings, as this will help reduce energy bills and minimise your carbon footprint. Features like double-glazed windows, insulation, and energy-efficient appliances are worth investigating.
Are you keen to get moving this season? Get in touch with your local Guild Member to start your search.
Contact Us
Residential Sales and Lettings – 4 Barker Street, Shrewsbury SY1 1QJ
South Shropshire Sales Office – 4 The Square, Church Stretton SY6 6DA
Residential Sales and Lettings – 01743 236800
South Shropshire Sales Office – 01694 724700
Opening Hours Residential Sales and Lettings: Monday - Friday 9am - 5.30pm Saturday 9am - 3pm
Opening Hours South Shropshire Sales Office: Monday - Friday 9am - 4.30pm Saturday 9am - 12pm
About us
At Miller Evans, we take the stress out of moving home. Whether you are selling, buying, letting or renting a home, we hope you will make us your agent of choice.
2017 © Miller Evans. All rights reserved. Terms and Conditions | Privacy Policy | Cookie Policy | Complaints Procedure | PRS Certificate
Miller Evans. Registered in England. Partners - David Miller & Stuart Langley. Associates – Georgie Miller & Sharon Langley. Consultant – David Evans
VAT Registration No: 549 482 112. Trading As: Miller Evans Estate Agents
Miller Evans is fully committed to implementing the GDPR 2018 and the
Money Laundering Regulations 2017 and will at all times ensure
that your personal data is held in strict accordance with the law.
