Living area at one of the new build homes at Millbrook Park from Joseph Homes
To highlight the National Home Buyer Week, Sean Ruane, Sales Director at Joseph Homes, shared some advice for first-time buyers.
One of the age-old dilemmas for first-time buyers is whether to choose an existing property with history and character or a hassle-free new build home. Here are six good reasons that speak for the new.
1. Structural Warranty
New build homes come with a 10-year warranty, protecting you against structural defects for the first decade of living in your new home.
2. Safety and Security
New builds have a higher level of safety than older properties as they have to comply with the latest safety legislation at the time of construction.
3. Energy Efficiency
Intelligent energy systems and quality insulating materials could save you over £600 per year on energy bills in a new home. Over 80% of new builds have an A or B energy efficiency rating, compared to a mere 2.2% of older houses. New homes also have a smaller carbon footprint, as well as better air filtration.
At No.1 Millbrook Park, Joseph Homes has fitted photovoltaic solar panels on the roof of the buildings The sunlight generates enough energy to provide all the common areas with electricity, reducing the need for and strain on the earth’s fossil fuels.
New build apartment at No. 1 Millbrook Park by Joseph Homes
4. Design Choices
New build home allows more design choice. Depending on the development, the earlier in the construction phase, the more say you’ll have.
5. No Chain
The buying process for a new home is more straightforward than for an older home, which may be part of a complex property chain. This means you don’t have the stress of waiting for other people to sell their home and lets you plan your time scale.
There are often deals available when purchasing a new home. For example, the government’s Help To Buy Equity Loan scheme where the government lends you a percentage of the property price is only available on new-build homes.
As a first-time buyer, you have to take time to do your research before making the important decision. Buildington’s New Developments database contains hundreds of new schemes in London available now or coming soon.
For more tips and advice visit the National Home Buyer Week website designed to inform first-time buyers on mortgages, conveyancing, affordable Government schemes and much more.
New build homes for sale from Joseph Homes on Buildington in March 2021:
No. 1 Millbrook Park offers apartments for sale in Mill Hill, London NW7
The Tramyard offers new homes for sale in Balham, London SW17
See also: Joseph Homes on Buildington