With the festive season over and the New Year in full swing, it’s a popular time to think about moving home. As this could be the biggest decision you’ll make in 2014, how will you choose which property is the right one?
NHBC, the UK’s leading warranty provider and standard setting body for new build homes, has recently seen the number of new homes registered between September and November 2013 increasing by 30% on the same period in 2012.
With now more choice in the housing market than for the past several years, NHBC highlights how buying a new home can not only reduce costs but also benefit buyers when it comes to those finishing touches.
• A blank canvas – A new home comes free of decorating or DIY disasters from previous owners. In most cases, buyers can personalise their new home with a choice of kitchen units, floor coverings and tiling, and start from scratch in the garden too, designing and planting to suit their own tastes. A new home is also maintenance-free, meaning less time spent on jobs around the house at weekends.
• Lower utility bills – New homes are built to high levels of energy efficiency, which reduces the amount of gas or electricity needed to keep the house warm. Recent research from the NHBC Foundation and Zero Carbon Hub has revealed that new build homes built to 2013 standards could save more than £1,400 a year on their energy bills when compared to their neighbours in older homes.
• Chain free – Being part of a long property chain can be extremely stressful and often cause unforeseen delays. With a new home, there is greater peace of mind as no upward chain means a smoother and faster move.
• Ten-year Buildmark warranty – 80% of new homes come with an NHBC Buildmark ten-year warranty, which currently protect 1.6million homes across the UK. Buildmark protects homeowners by providing:
– Pre-completion insolvency cover – protection if a builder becomes insolvent after an exchange of contract.
– Builder cover for the first two years after completion – the builder is responsible for putting right certain damage and defects.
– NHBC cover for years three to ten – insurance to cover the cost of putting right damage caused by defects in specified areas, such as damage to floors, staircases, roofs, drains, windows and doors.
• High levels of satisfaction – Results from the 2013 industry survey on customer satisfaction with new homes, facilitated by NHBC, found that 91% are very or fairly satisfied with the overall quality of their home, with the same high proportion indicating they would recommend their builder to a friend.
• Better security – New homes come with security features as standard, including smoke detectors and robust locks on front and back doors. And to meet the demands of modern lifestyles, electrical circuits in new homes are designed for even the most gadget-intensive families.
• Incentive schemes –The Government-backed Help to Buy scheme, along with some house builders operating their own buyer incentives, can make the purchase of a new home significantly more attractive. Such incentives could include part exchange on a current property, the payment of stamp duty or removal costs and upgraded internal specifications.