If you’re in the process of looking for a new home to purchase, then one of the decisions you’ll have to make is whether to buy second-hand or go down the route of buying a new build. For many, the character and charm of a period property can’t be equalled, so a new property will never be a consideration.
There are, however, many more practical factors to take into account that could make a new build property the ideal choice. If you’ve ruled out buying a brand new home or are in a quandary, then keep reading, as this may help to make things a bit clearer in your mind. Here are 7 benefits of buying a new build property.
Everything is clean and new
When you buy an older property, everything has already been used by someone else, and nothing will look as pristine as it once did. When you get the keys to a new home, everything is pristine. Your appliances have never been touched, windows are scratch-free and your kitchen and bathrooms resemble something you’d see in a showroom.
Every inch is clean, tidy and fresh, so when you move in, there’ll be no need to clean carpets, wipe down skirting boards or set to work scrubbing toilets. It’s as simple as moving in and sitting down.
You can make your own colour selections
Another great benefit of buying new is that you’ll usually get to make colour selections for various elements of the property. This will depend on the construction stage of the property but, if it’s in the fairly early stages, then it’s likely to be something you’re invited to do by the developer. The most common selections you’ll make are kitchen cabinets, kitchen & bathroom tiling and counter-tops, but this will vary from development to development.
When you buy a second-hand property, everything is already in place. If you don’t, for example, like the kitchen, you’ll either have to put up with it or will have the expense and hassle of having a new one fitted after you move in.
Shared facilities
Many new build new york apartments for sale come with a host of on-site facilities strictly for use by residents, which is a great benefit. For example, 212W93, a development by Landsea Homes in New York, boasts a 24-hour attended lobby, landscaped rooftop terrace and, amongst other things, a fitness studio. These are just some of the facilities you’d be unlikely to find if you were buying a condo in a development built some time ago.
Common facilities are not only great for your lifestyle but are also a fabulous way to meet people who own neighbouring properties such as in hoboken apartments. It can help to create a great sense of community and help you form social relationships that you may not otherwise have come across.
Reduced running costs
If you already own or have owned an older property, then you’ll be more than aware of the running costs that can be associated with them. They cost way more to run than their new counterparts, so if month to month outlays are a consideration, buying new may be the way to go.
Due to the insulation used in the construction of new build, they’re usually far cheaper to heat, so you should see a dramatic reduction in your utility bills. When buying new, you also know that your roof isn’t going to need replacing or your property rewired any time soon, so you could end up saving yourself a fortune in maintenance and upgrades over the years.
Many new homes are constructed with smart home technology elements such as sensor lightings and smart thermostats, which can help to reduce your electricity consumption as well as being a great benefit to the environment.
You can pick the property you want
It will depend on which properties are released for sale at the time, but buying new does offer more flexibility in terms of choosing the property and location you want. When a second-hand property comes on the market, that’s the only house on offer. You may have preferred the one next door or across the street, but unless the owners decide to sell, there’s little you can do.
When buying new, you have your pick of several different plot locations, floor plans and property sizes from which to choose. Even if the property you want isn’t yet available, many developers will allow you to add your name to a waiting list or pay an early bird reservation fee to secure a property that isn’t yet released.
Upgrading your property
Another great benefit of buying a new home is the ability to make enhancements and changes during construction. These will vary from developer to developer but many will, for example, allow you to upgrade your kitchen units, counter-tops or internal doors. If you want to have additional sockets fitted or perhaps want to choose a superior quality tile from those offered as standard, you may be able to make changes.
There will, of course, be restrictions on what you can do, so talk to the agents and find out what is and isn’t permitted. Deviating from the standard specification is a great way to make the property feel like it’s been built just for you and will also reduce the need for any works after you move in.
The price is the price
Buying second-hand can result in bidding wars if there are several people after the same property. If you have your heart set on a property only to be pipped to the post when it comes to a sealed bid situation, it can be hugely upsetting and can cause copious amounts of stress. When buying new, there’ll more often than not be a fixed price set to secure the property, which cuts out any stress and makes the process simpler.
Moving house can be stressful enough, so buying new is certainly worth considering when making your next house purchase.
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