subject: New Home Developers and Housing Associations [print this page] During the past few years, there have been some major changes within the real estate industry, in particular in the housing which is available to those who are unable to purchase their own home without financial help. Although most homes within the housing association schemes were pre owned, there have now been a range of developments across the UK, offering New-Build properties to those who are in the scheme with housing associations.
There are a number of reasons why new homes are better for buyers than older ones, some of these including:- The possibility that you are able to have input in the layout of some rooms which will benefit you when the time comes to move in, etc. Curtains and carpets may be thrown into the price of the home, lowering your overall costs for decorating. You also will not have the issue of aged pipes, etc which may require maintenance- You are provided with a blank canvas meaning you are not required to live in a home which had been previously decorated in a style which is not to your taste- New-build homes come with a 10 year warranty courtesy of the National House Building Council or other developer- Homes are now built with modern living standards in mind meaning that compared to older properties, rooms are less likely to be small and oddly shaped
- All new homes are supplied with fire alarms as standardOne of the main savings buyers will see is that with new kitchens and bathrooms being installed, there is no reason for new suites to be fitted, saving them thousands of pounds. However, when looking at New-Build homes, there are a few things buyers should look into which is:
- light efficiency of the home- The property's security- The build quality- The overall energy efficiency of the propertyNew build homes are over 4 times more energy efficient than older homes which make them cheaper to live in. However, it is always beneficial to have an energy efficiency test conducted before agreeing to a purchase. As the new-build homes market is becoming so popular, many home developers and housing associations are also offering buyers a variety of deals in order to lower their costs. This is even more so when the buyer is a first time buyer. These deals may include:- Paid legal fees
- Paid service charges
- 5% of your deposit paid
- Stamp duty paid for you
- Vouchers for high street stores, etcIn terms of negatives, the main negative for the scheme is that new-build properties are primarily the price premium which reduces how much the property will increase in value during its first few years in comparison to older properties. Due to this, you may find that there are not many houses developed around your property and there is no saying how long this will continue for.With many of us dreaming of owning a newly built home, the New-Build home scheme is the easiest way in which many across the UK can do this with ease. With a number of developments being made throughout the country, it won't be long till many first time buyers own their ideal home in their ideal location.
