Why Buying a New Build Property Is a Good Investment
An opportunity for first time buyers to invest in previously unaffordable areas.
We may be biased, however, there are some very good reasons for buying a new build, unless of course you adore period properties and all their charms, in which case a new build is probably not for you. In the bid to boost the number of new builds available, new homes are being built all the time, meaning there is a much wider pool of properties to choose from. A property’s location is a key consideration, and many new build developments give buyers an opportunity to invest in areas which would previously have been unaffordable.
New builds are energy efficient. Reducing your carbon footprint, and low energy bills is surely a good thing. At Woolbro Homes, all our homes include Smart Meters, triple glazing, good insulation and solar panelling.
There is a certain peace of mind which comes from knowing that all appliances and fixtures are new, reducing money spent on repairs in the first few years. This plug and play approach to moving in, allows you to settle into your new home far quicker, which works well for those who don’t want to take on a renovation project. Often, fixtures and fittings can be customised, so apartments can still be made to feel personal, rather than the characterless features which can too often be associated with new builds.
Most new builds come with government incentives, such as HTB, Shared Ownership and the new Mortgage Guarantee Scheme, giving first time buyers a real chance to jump quickly onto the property ladder, instead of having to save for years and years.
So, is buying a new build a good idea? If the above reasons feel right for your situation, then a new build is probably a good way to go.