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09/01/2020

Considering A Newly Built Home?

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Urban regeneration firm, Urban Union, look at the benefits of newly built homes for those exploring the property market.



Considering A Newly Built Home?

Older homes can be characterful and attractive and are often the preferred choice for many buyers. However, there's a lot to be championed when it comes to new-build homes. Not only are they more energy efficient and cheaper to run they are also highly customisable and convenient from the very start. What's more, you can even have a say in the interiors, fixtures and fittings!

Warranty

A newly built home will be structurally sound and less likely to need any repairs. With an older property, you could find that it will experience ongoing problems simply through wear and tear and so it's important to set aside a budget for decorating and minor repairs with any home you buy. After several years you may need to replace the windows and manage an established garden. You could find that here in Scotland we have weather related problems such as leaky roofs and dampness.

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A new build property will have a building warranty, which will safeguard you against large repair payments which are typical of older properties.

Energy Efficiency

Growing in importance as part of our eco friendly attitudes that are constantly putting the environment as a key issue, home energy efficiency is a huge part of how we need to deal with this collectively. The good news is that new homes are built with energy efficiency in mind and are constructed to a higher standard than in previous years. They must adhere to minimum standards when it comes to energy efficiency, leading to lower household carbon footprints and lower energy bills.

Safety And Security

Newly built properties have the most up-to-date standards on safety and security incorporated. Materials must be fire-resistant with detectors fitted for you. In addition, the overall designs are also built with fire safety and evacuation in mind. Security is often standard too, giving both peace of mind as well as helping to bring down home, building and contents insurance fees.

Help To Buy And First Home Fund Scotland

If you are struggling to get on the housing ladder and keen to purchase your first home, by opening up your property search to new build homes you might be able to take advantage of government backed help-to-buy schemes. The Help to Buy (Scotland) Affordable New Build scheme and the First Home Fund gives first time buyers and existing owners 15% of the purchase price of a new build home from a set list of participating home builders.

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