Buying a brand new house brings many benefits to the owners compared to when you buy an older, second-hand home. Here is a brief rundown of the key benefits of buying a new house!
You are the first ones to live there!
The main benefit to buying a brand new home is that you are the only owners it has had! This means you can often put your mark on the home more easily, as it will be a totally blank canvas for you to work with. Most new homes are built with very plain interior décor, such as cream walls, beige carpets and white woodwork. This means you can easily move in with any colour furniture and it will look nice, and it is easier to paint your own colours on the walls.
It is sometimes cheaper!
It can be cheaper to buy new homes, especially when you are a first-time buyer. You can make use of government schemes such as the help to buy scheme. This allows you to save up a smaller deposit, usually around 5%. The help to buy new builds plan is set out by the UK government, where they offer you a loan of up to 20% of the value of the property. You then just need to take out a 75% mortgage. Compared with buying an older property, where you can be expected to save up a much larger deposit, of between 20-30%, these schemes can help you make a big saving on the cost of buying your home.
You can choose what goes on in the house!
Depending on which stage of the build your new home is at when you buy it, you may be able to make some choices about what goes into the house in terms of kitchen and bathrooms design. You can often have a choice of units, colours, tiles, and flooring. Some choices may come with a supplementary charge, but at least the bulk of your decorating will already be done for you! This can save a great deal of time and money compared to buying an older house and having to rip out the hideous bathroom or dated kitchen as soon as you move in. The cost of changing kitchens and bathrooms can easily run into several thousand pounds, so having a say in the style of your new home can save you a lot of money in the long run.
You have a ready-made new neighbourhood
Moving into a new home means you are all in the same boat – nobody on your street knows anyone else, so you are free to develop a new friendship group! When you move onto an older street, it is likely that you will be the only newcomer on the street, thus find it more difficult to get to know others in the area. With everyone being new on a new build housing development, you have a completely empty slate ready to start afresh. You could meet a whole new group of amazing friends! It is quite likely that others will also be first-time buyers too, so you will be of similar ages.
