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The benefits of owning a new-build home

Buying a house is one of the biggest investments you will ever make in your life. So whether you are a first time buyer or are looking to move up the property ladder, there is no doubt that you will face a number of choices and decisions.

Benefits of buying new

Before you start the hunt for the house of your dreams, it's a good idea to have a long hard think about exactly what you want and need from a property. Is it location? Running costs? Space? At NHBC, the leading standard-setting body and warranty provider of new homes, we recently carried out a survey with over 1,000 new home owners. They told us that design was the thing they loved most about their new-build home, followed by location, size and space.

So with more new homes now being built than before the end of the recession, now is as good time as any to consider buying a new-build home. Here are some benefits of buying a new-build house:

  • Keep eyes on your property - A new-build home has a neutral interior, free from any decorating disasters of previous owners. They also come with a similar blank canvas in the garden, allowing buyers to design and plant to their preferred taste.
  • Shorter property chain - Long chains can be extremely stressful; with a new home this is minimised because there is no threat of gazumping or the vendor changing their mind about moving. You will be at the end of the selling chain and can concentrate your efforts on packing up and moving out.
  • Lower running costs - New homes are built with higher levels of insulation and have more efficient heating systems than ever before. Better energy efficiency means a reduction in carbon emissions and lower heating bills.
  • Ten-year warranty - Eighty per cent of new homes are covered by NHBC's ten-year Buildmark warranty and insurance, which currently protects 1.6million homes across the UK. Check that the builder is registered with NHBC before you visit at www.nhbc.co.uk and ask for a copy of the policy document when you reserve your home.
  • Added consumer protection - Working with the industry, NHBC has developed the Consumer Code for Home Builders. The Code protects new home buyers by ensuring that all buyers are treated fairly, that they are fully informed about their purchase and their consumer rights before and after they move in, and that they are provided with a suitable redress scheme to deal with complaints. More information can be found at www.consumercodeforhomebuilders.com
  • Incentive schemes - As well as the Government-backed Help to Buy scheme, some house builders operate their own buyer incentive schemes such as part exchange on an old house, payment of stamp duty, help with removal costs and part-funded deposits. Many developers also offer properties off plan, meaning homeowners reserving before the house is built can choose their desired plot and personalise the house to their individual needs.

NHBC Media Contacts

Kelly Carter | 01908 746 739
Nadia Bedra | 01908 746 734

News Date: 19/08/14