Searching for your new home is exciting, but there is a lot to think about when buying your first or next home. Along with finding the right location, there is also the decision of how to finance your home, and whether to buy a new build or second-hand property, among many other considerations.
At L&G Homes we believe the most important part of your journey is ensuring you find a home that suits you and your family, and the way you live your lives.
Although older homes have their charms, there are several reasons why buying a newly built home could be the perfect fit.
To help you weigh up your options and make your decision, we spoke to independent financial advisor, Adam Carpenter of CIB Financial Management, who shared his advice on buying a new build home and the extensive benefits you could find in a brand new property.
(video by our sister brand Cala Homes)
Why buy new?
A new build home allows you to put your own stamp on a blank canvas. It means you don’t have to live with other people’s decorating disasters, and instead, can start from scratch with a completely neutral palette.
If you buy off plan, which means purchasing before a home is physically built, you could have the option to choose your own kitchen, bathroom, flooring and finishes throughout the home.
No matter what stage of the build process you buy at, you’ll benefit from brand new appliances included as standard with L&G.
Energy efficiency
You’ll also have complete peace of mind knowing that your new home has been built to the latest energy efficiency standards, plus all our homes come with a 10-year NHBC Buildmark Warranty.
New build homes can also mean energy efficiency. According to The Home Builders Federation (HBF), on average buyers of new build homes can save over £3,100 on household bills each year, plus new homes can reduce carbon emissions by 570,000 tonnes per year, emitting up to a third of the carbon of an older property.*
New build incentives
Buying a new build also allows you to explore any incentives that may be available from the developer, this can help with your monthly mortgage payments, Stamp Duty or Deposit, Land & Building Tax (LBTT) contributions and much more.
Most homebuilders have many ways in which they can help your move less stressful, while saving you time and money. With our Part Exchange Service or Assisted Move, this also means no bidding war with a fixed price being set, so you know from the very start what price you will pay.
In addition, it is also more likely that you will be able to access a green mortgage deal, where some lenders may offer you cash back or a better interest rate on your mortgage.
If you’d like help selecting an independent advisor, we can put you in touch with trusted partners we work with, or to find out more about the benefits of buying new, click here.
To view our new builds near you, visit our Homes for Sale page.
*Statistics sourced from the Home Builders Federation ‘Watt a Save’ report published 20th February 2023, read the full report here.
