Is It Better To Buy A New Build?

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There will be a time in your life when you start to think about buying a home for your family. You can get away with renting when kids are younger, but eventually, they do need some sort of permanent place that they know is their home. It gives them stability and offers comfort. If this is your first home, you’re going to have a lot decisions to make. Where should you buy? Should you purchase a house or a property within a residential building? Perhaps one of the most important choices is whether to purchase a new home or get an older one at a far lower price. For my money, you should always opt for a new property, and there are a number of reasons why this might be the case.

 

The Walls Are Haunted

 

Ghosts of the past are often still present within the walls, roofs, and foundations of older buildings. Don’t forget these homes were typically built when health and safety standards weren’t as high. The best example of this would be asbestos. Up until the late 80’s asbestos was being used to provide insulation for homes. It was only recently that a link between cancer and the substance was discovered. As such, if you buy a home that is more than around 30 years old, there’s a good chance it has asbestos. You might think that you can just leave it alone and you can. Undisturbed asbestos is harmless, but you might accidentally uncover it when completing renovation work. At that point, it will cost you thousands to remove.

 

It’s not the only issue from the past that could still be present in older homes either. Some properties do still have lead paint on the walls, and this is toxic to young children.

You’ll Need To Renovate

 

Typically if an older home lands on the market, it’s not going to be in the best condition. The piping could be shot, the electric wiring might have serious issues, and it could have problems with damp or even structural problems. All this is going to be both expensive and time-consuming. If you’re prepared for this type of commitment when buying an old home, it won’t bother you at all. But most people aren’t, and they are completely oblivious to issues that won’t always reveal themselves in home surveys. As such, you may not fully be aware of the type of commitment that you’re investing in.

 

That said, if you’re buying a fixer upper as a future potential investment, it can be a smart decision. But you must be prepared to get your hands dirty and invest some serious levels of cash. It won’t typically be a dream place to live from day one of purchase.

 

Modern Home Comforts

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One of the biggest advantages of buying a new property is that you’ll be purchasing a modern home. This will be apparent in the decor as well as the tech that exists in the home. As such, you’ll discover the true home buying dream. You can look forward to awesome security features, incredible smart home control options, and stunning designs.

 

That’s not the only advantage either. New launch properties are often built in highly sought after areas for families and working professionals either as part of large residential buildings or individual houses. So, by purchasing a new home, you can make sure that you get a slice of the real estate market that could turn out to be a highly valuable investment in the future.

 

You will also find that new builds are often part of planned communities. Planned communities are perfect for families because there are strict controls on who is allowed to live there. If you want to make sure that your next door neighbors are made of families with kids of their own, this is the way to do it. It provides an extra level of comfort and security for parents raising young children.

 

No Problem With The Seller

 

If you’re buying a home that is truly brand new, you don’t have to worry about waiting for the seller to find a place to live before they move out. Or, the possibility of getting gazumped when you make an offer to buy the home. Sellers of older homes are always going to be looking for the best deal on the market. When you buy a new home, often the advertised price is the one you’ll pay, and it doesn’t take much to secure the property either. A quick deposit and you’ll be able to move in within a couple of weeks because you won’t be waiting for anyone else to move out. This can be a lot easier if you’re relocating with younger children because you won’t have to wait around to start moving things in.

 

Going Green?

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I’ve talked a little about going green on my blog before. Making your home as green and efficient as you can is a great way to save money. But if you buy a home that’s a new build the work is already done for you. You’ll often find that it has fantastic levels of insulation with triple glazed windows and built in tech that has energy saving settings. Even the lights will probably be using less electricity than the setup you’ll typically find in an older home. As such, you won’t find those home bills different to manage at all, and you will have chosen the energy friendly options.

 

In fact, a lot of new builds these days have solar panels already built onto the roof. By absorbing energy from the sun, you’ll be able to light and heat your home, cutting your bills in half and living at least partially on renewable energy resources. How’s that for saving on bills?

 

As you can see them, unless you’re looking forward to a long renovation, buying a brand new home really is the best option. You’ll save money, time and make life easier for the whole family with a property that will feel like home as soon as you move in. I hope you have fun choosing your new property.

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